AG LOGISTICS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AG LOGISTICS
Largest movements
- Receivables within one year +€53,259
up €53,259 (+5325.9%), from €1,000 to €54,259
- Intangible fixed assets +€34,807
new in 2025: €34,807
- Cash -€3,466
down €3,466 (-8.1%), from €42,786 to €39,320
mainly Receivables within one year (-€53,259) and Investment in fixed assets (net) (-€43,509)
- Profit (loss) carried forward +€94,054
up €94,054 (+1639.1%), from €5,738 to €99,792
- Accrued charges and deferred income -€10,147
no longer reported in 2025 (was €10,147)
- Turnover +€314,540
up €314,540 (+83.4%), from €376,921 to €691,462
- Gross operating margin +€210,372
up €210,372 (+206.2%), from €102,042 to €312,415
- Staff costs +€125,201
up €125,201 (+142.0%), from €88,149 to €213,351
- Purchases and services +€104,168
up €104,168 (+37.9%), from €274,879 to €379,047
- Depreciation +€8,702
up €8,702 (+950.0%), from €916 to €9,618
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,450 | €131,134 | +€83,684 | +176.4% |
| Fixed assets | 21/28 | €3,664 | €37,555 | +€33,891 | +925.0% |
| Intangible fixed assets | 21 | - | €34,807 | +€34,807 | |
| Tangible fixed assets | 22/27 | €3,664 | €2,748 | -€916 | -25.0% |
| Plant, machinery and equipment | 23 | €3,664 | €2,748 | -€916 | -25.0% |
| Current assets | 29/58 | €43,786 | €93,579 | +€49,793 | +113.7% |
| Amounts receivable within one year | 40/41 | €1,000 | €54,259 | +€53,259 | +5325.9% |
| Trade receivables | 40 | €1,000 | €54,259 | +€53,259 | +5325.9% |
| Cash at bank and in hand | 54/58 | €42,786 | €39,320 | -€3,466 | -8.1% |
| Total equity and liabilities | 10/49 | €47,450 | €131,134 | +€83,684 | +176.4% |
| Equity | 10/15 | €8,738 | €102,792 | +€94,054 | +1076.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Share premium | 1100/10 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,738 | €99,792 | +€94,054 | +1639.1% |
| Amounts payable | 17/49 | €38,712 | €28,342 | -€10,370 | -26.8% |
| Amounts payable within one year | 42/48 | €28,565 | €28,342 | -€223 | -0.8% |
| Trade debts | 44 | €16,833 | €16,487 | -€346 | -2.1% |
| Suppliers | 440/4 | €16,833 | €16,487 | -€346 | -2.1% |
| Taxes, remuneration and social security | 45 | €11,611 | €11,855 | +€243 | +2.1% |
| Taxes | 450/3 | €11,611 | €11,855 | +€243 | +2.1% |
| Other amounts payable | 47/48 | €121 | - | -€121 | |
| Accrued charges and deferred income | 492/3 | €10,147 | - | -€10,147 | |
| Turnover | 70 | €376,921 | €691,462 | +€314,540 | +83.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €274,879 | €379,047 | +€104,168 | +37.9% |
| Remuneration, social security and pensions | 62 | €88,149 | €213,351 | +€125,201 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €9,618 | +€8,702 | +950.0% |
| Other operating charges | 640/8 | €1,934 | €690 | -€1,244 | -64.3% |
| Gross operating margin | 9900 | €102,042 | €312,415 | +€210,372 | +206.2% |
| Operating profit (loss) | 9901 | €11,044 | €88,757 | +€77,713 | +703.7% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €5,308 | €4,850 | -€458 | -8.6% |
| Recurring financial charges | 65 | €5,308 | €4,850 | -€458 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €5,738 | €83,907 | +€78,169 | +1362.3% |
| Profit (loss) for the period | 9904 | €5,738 | €83,907 | +€78,169 | +1362.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,738 | €83,907 | +€78,169 | +1362.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.