AG-Plus Construct: 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-Plus Construct
Largest movements
- Stocks and contracts -€83,615
no longer reported in 2025 (was €83,615)
- Receivables within one year -€20,265
down €20,265 (-31.9%), from €63,529 to €43,264
of which Trade receivables: -€20,587
- Tangible fixed assets -€9,201
down €9,201 (-68.7%), from €13,386 to €4,185
- Cash -€5,119
down €5,119 (-49.0%), from €10,444 to €5,325
mainly Net result for the year (-€48,991) and Debts after one year (-€39,275)
- Profit (loss) carried forward -€48,991
new in 2025: -€48,991
- Debts after one year -€39,275
down €39,275 (-75.5%), from €52,051 to €12,776
- Other debts -€16,629
down €16,629 (-72.6%), from €22,913 to €6,284
- Current portion of long-term debt -€6,837
down €6,837 (-59.9%), from €11,412 to €4,574
- Tax, wage and social debts -€4,366
down €4,366 (-27.9%), from €15,674 to €11,308
- Gross operating margin -€43,816
down €43,816 (-94.3%), from €46,450 to €2,634
- Other operating charges +€37,908
up €37,908 (+2884.4%), from €1,314 to €39,222
- Taxes -€10,771
down €10,771 (-98.3%), from €10,956 to €185
- Financial charges -€505
down €505 (-14.3%), from €3,523 to €3,017
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 | €180,280 | €61,928 | -€118,352 | -65.6% |
| Fixed assets | 21/28 | €21,936 | €12,735 | -€9,201 | -41.9% |
| Tangible fixed assets | 22/27 | €13,386 | €4,185 | -€9,201 | -68.7% |
| Furniture and vehicles | 24 | €13,386 | €4,185 | -€9,201 | -68.7% |
| Financial fixed assets | 28 | €8,550 | €8,550 | = | 0.0% |
| Current assets | 29/58 | €158,345 | €49,194 | -€109,151 | -68.9% |
| Stocks and contracts in progress | 3 | €83,615 | - | -€83,615 | |
| Stocks | 30/36 | €83,615 | - | -€83,615 | |
| Amounts receivable within one year | 40/41 | €63,529 | €43,264 | -€20,265 | -31.9% |
| Trade receivables | 40 | €51,372 | €30,785 | -€20,587 | -40.1% |
| Other amounts receivable | 41 | €12,157 | €12,479 | +€322 | +2.6% |
| Cash at bank and in hand | 54/58 | €10,444 | €5,325 | -€5,119 | -49.0% |
| Deferred charges and accrued income | 490/1 | €757 | €605 | -€152 | -20.1% |
| Total equity and liabilities | 10/49 | €180,280 | €61,928 | -€118,352 | -65.6% |
| Equity | 10/15 | €74,561 | €25,570 | -€48,991 | -65.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,961 | €55,961 | = | 0.0% |
| Distributable reserves | 133 | €55,961 | €55,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€48,991 | -€48,991 | |
| Amounts payable | 17/49 | €105,719 | €36,359 | -€69,361 | -65.6% |
| Amounts payable after more than one year | 17 | €52,051 | €12,776 | -€39,275 | -75.5% |
| Financial debts | 170/4 | €52,051 | €12,776 | -€39,275 | -75.5% |
| Amounts payable within one year | 42/48 | €53,668 | €23,582 | -€30,086 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €11,412 | €4,574 | -€6,837 | -59.9% |
| Trade debts | 44 | €3,669 | €1,416 | -€2,254 | -61.4% |
| Suppliers | 440/4 | €3,669 | €1,416 | -€2,254 | -61.4% |
| Taxes, remuneration and social security | 45 | €15,674 | €11,308 | -€4,366 | -27.9% |
| Taxes | 450/3 | €15,674 | €11,308 | -€4,366 | -27.9% |
| Other amounts payable | 47/48 | €22,913 | €6,284 | -€16,629 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,201 | €9,201 | = | 0.0% |
| Other operating charges | 640/8 | €1,314 | €39,222 | +€37,908 | +2884.4% |
| Gross operating margin | 9900 | €46,450 | €2,634 | -€43,816 | -94.3% |
| Operating profit (loss) | 9901 | €35,935 | -€45,789 | -€81,724 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,523 | €3,017 | -€505 | -14.3% |
| Recurring financial charges | 65 | €3,523 | €3,017 | -€505 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €32,415 | -€48,806 | -€81,221 | |
| Income taxes | 67/77 | €10,956 | €185 | -€10,771 | -98.3% |
| Profit (loss) for the period | 9904 | €21,459 | -€48,991 | -€70,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,459 | -€48,991 | -€70,450 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.