AG Management Group: what changed
Two financial 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 Management Group
Largest movements
- Tangible fixed assets +€55,734
up €55,734 (+179%), from €31,113 to €86,847
- Receivables within one year +€43,153
up €43,153 (+26.1%), from €165,478 to €208,631
of which Trade receivables: +€119,840
- Cash -€34,347
down €34,347 (-72.9%), from €47,121 to €12,775
mainly Net result for the year (-€99,514) and Investment in fixed assets (net) (-€77,508)
- Other debts +€121,854
up €121,854 (+2,086%), from €5,841 to €127,695
- Profit (loss) carried forward -€83,365
down €83,365 (-48.6%), from -€171,482 to -€254,847
- Trade debts +€36,320
up €36,320 (+176%), from €20,686 to €57,007
- Reserves -€16,149
down €16,149 (-4.3%), from €372,813 to €356,665
of which Tax-exempt reserves: -€16,149
- Advances received +€16,000
new in 2024: €16,000
- Gross operating margin -€50,743
down €50,743, from €23,105 to -€27,638
- Financial charges +€29,995
up €29,995 (+151%), from €19,801 to €49,795
of which Financial charges: +€24,286
- Depreciation +€18,267
up €18,267 (+521%), from €3,507 to €21,774
- Other operating charges -€7,752
down €7,752 (-65.1%), from €11,913 to €4,161
- Financial income -€6,505
down €6,505 (-100.0%), from €6,506 to €1
of which Non-recurring financial income: -€6,410
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,556 | €529,543 | +€64,987 | +14.0% |
| Fixed assets | 21/28 | €33,613 | €89,347 | +€55,734 | +166% |
| Tangible fixed assets | 22/27 | €31,113 | €86,847 | +€55,734 | +179% |
| Furniture and vehicles | 24 | €31,113 | €86,847 | +€55,734 | +179% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €430,943 | €440,196 | +€9,253 | +2.1% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,478 | €208,631 | +€43,153 | +26.1% |
| Trade receivables | 40 | €74,933 | €194,773 | +€119,840 | +160% |
| Other amounts receivable | 41 | €90,545 | €13,858 | -€76,687 | -84.7% |
| Cash at bank and in hand | 54/58 | €47,121 | €12,775 | -€34,347 | -72.9% |
| Deferred charges and accrued income | 490/1 | €28,344 | €28,791 | +€447 | +1.6% |
| Total equity and liabilities | 10/49 | €464,556 | €529,543 | +€64,987 | +14.0% |
| Equity | 10/15 | €309,932 | €210,418 | -€99,514 | -32.1% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Capital | 10 | €108,600 | €108,600 | = | 0.0% |
| Issued capital | 100 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €372,813 | €356,665 | -€16,149 | -4.3% |
| Non-distributable reserves | 130/1 | €1,396 | €1,396 | = | 0.0% |
| Legal reserve | 130 | €1,396 | €1,396 | = | 0.0% |
| Tax-exempt reserves | 132 | €371,418 | €355,269 | -€16,149 | -4.3% |
| Profit (loss) carried forward | 14 | -€171,482 | -€254,847 | -€83,365 | -48.6% |
| Provisions and deferred taxes | 16 | €123,806 | €118,423 | -€5,383 | -4.3% |
| Deferred taxes | 168 | €123,806 | €118,423 | -€5,383 | -4.3% |
| Amounts payable | 17/49 | €30,819 | €200,702 | +€169,883 | +551% |
| Amounts payable within one year | 42/48 | €30,819 | €200,702 | +€169,883 | +551% |
| Current portion of amounts payable after more than one year | 42 | €3,350 | - | -€3,350 | |
| Trade debts | 44 | €20,686 | €57,007 | +€36,320 | +176% |
| Suppliers | 440/4 | €20,686 | €57,007 | +€36,320 | +176% |
| Advances received on contracts in progress | 46 | - | €16,000 | +€16,000 | |
| Taxes, remuneration and social security | 45 | €942 | - | -€942 | |
| Taxes | 450/3 | €942 | - | -€942 | |
| Other amounts payable | 47/48 | €5,841 | €127,695 | +€121,854 | +2,086% |
| Non-recurring operating income | 76A | €2,223 | - | -€2,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,507 | €21,774 | +€18,267 | +521% |
| Other operating charges | 640/8 | €11,913 | €4,161 | -€7,752 | -65.1% |
| Non-recurring operating charges | 66A | €2,602 | €1,529 | -€1,074 | -41.3% |
| Gross operating margin | 9900 | €23,105 | -€27,638 | -€50,743 | |
| Operating profit (loss) | 9901 | €5,082 | -€55,102 | -€60,185 | |
| Financial income | 75/76B | €6,506 | €1 | -€6,505 | -100.0% |
| Recurring financial income | 75 | €96 | €1 | -€95 | -98.7% |
| Non-recurring financial income | 76B | €6,410 | - | -€6,410 | |
| Financial charges | 65/66B | €19,801 | €49,795 | +€29,995 | +151% |
| Recurring financial charges | 65 | €19,801 | €44,087 | +€24,286 | +123% |
| Non-recurring financial charges | 66B | - | €5,708 | +€5,708 | |
| Profit (loss) for the period before taxes | 9903 | -€8,212 | -€104,896 | -€96,684 | -1,177% |
| Transfer from deferred taxes | 780 | €5,383 | €5,383 | = | 0.0% |
| Income taxes | 67/77 | €942 | - | -€942 | |
| Profit (loss) for the period | 9904 | -€3,771 | -€99,514 | -€95,742 | -2,539% |
| Transfer from tax-exempt reserves | 789 | €16,149 | €16,149 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,377 | -€83,365 | -€95,742 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.