AG PROJETS: 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 PROJETS
Largest movements
- Tangible fixed assets +€169,812
up €169,812 (+49.3%), from €344,786 to €514,598
of which Furniture and vehicles: +€186,635
- Receivables within one year +€35,150
up €35,150 (+178%), from €19,714 to €54,864
of which Trade receivables: +€19,450
- Stocks and contracts -€22,000
down €22,000 (-28.8%), from €76,448 to €54,448
- Cash +€11,738
up €11,738 (+5,989%), from €196 to €11,934
mainly Debts after one year (+€141,393) and Net result for the year (+€45,506)
- Debts after one year +€141,393
up €141,393 (+82.8%), from €170,775 to €312,168
- Profit (loss) carried forward +€45,506
up €45,506 (+51.1%), from -€89,073 to -€43,567
- Current portion of long-term debt +€39,349
up €39,349 (+274%), from €14,354 to €53,702
- Other debts -€24,865
down €24,865 (-7.5%), from €332,557 to €307,692
- Gross operating margin +€111,987
up €111,987, from -€20,518 to €91,469
- Depreciation +€11,971
up €11,971 (+49.4%), from €24,236 to €36,206
- Financial charges +€2,840
up €2,840 (+61.2%), from €4,640 to €7,480
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.
Derived cash bridge
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 | €441,493 | €639,940 | +€198,447 | +44.9% |
| Fixed assets | 21/28 | €344,786 | €514,598 | +€169,812 | +49.3% |
| Tangible fixed assets | 22/27 | €344,786 | €514,598 | +€169,812 | +49.3% |
| Land and buildings | 22 | €318,808 | €304,803 | -€14,005 | -4.4% |
| Plant, machinery and equipment | 23 | €18,097 | €15,279 | -€2,818 | -15.6% |
| Furniture and vehicles | 24 | €7,882 | €194,517 | +€186,635 | +2,368% |
| Current assets | 29/58 | €96,707 | €125,341 | +€28,634 | +29.6% |
| Stocks and contracts in progress | 3 | €76,448 | €54,448 | -€22,000 | -28.8% |
| Stocks | 30/36 | €76,448 | €54,448 | -€22,000 | -28.8% |
| Amounts receivable within one year | 40/41 | €19,714 | €54,864 | +€35,150 | +178% |
| Trade receivables | 40 | - | €19,450 | +€19,450 | |
| Other amounts receivable | 41 | €19,714 | €35,414 | +€15,700 | +79.6% |
| Cash at bank and in hand | 54/58 | €196 | €11,934 | +€11,738 | +5,989% |
| Deferred charges and accrued income | 490/1 | €349 | €4,095 | +€3,746 | +1,072% |
| Total equity and liabilities | 10/49 | €441,493 | €639,940 | +€198,447 | +44.9% |
| Equity | 10/15 | -€86,273 | -€40,767 | +€45,506 | +52.7% |
| Contributions | 10/11 | €2,800 | €2,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,073 | -€43,567 | +€45,506 | +51.1% |
| Amounts payable | 17/49 | €527,766 | €680,707 | +€152,941 | +29.0% |
| Amounts payable after more than one year | 17 | €170,775 | €312,168 | +€141,393 | +82.8% |
| Financial debts | 170/4 | €170,775 | €312,168 | +€141,393 | +82.8% |
| Amounts payable within one year | 42/48 | €356,634 | €367,537 | +€10,902 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €14,354 | €53,702 | +€39,349 | +274% |
| Trade debts | 44 | €9,724 | €6,142 | -€3,581 | -36.8% |
| Suppliers | 440/4 | €9,724 | €6,142 | -€3,581 | -36.8% |
| Other amounts payable | 47/48 | €332,557 | €307,692 | -€24,865 | -7.5% |
| Accrued charges and deferred income | 492/3 | €357 | €1,002 | +€646 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,236 | €36,206 | +€11,971 | +49.4% |
| Other operating charges | 640/8 | €2,437 | €2,305 | -€132 | -5.4% |
| Gross operating margin | 9900 | -€20,518 | €91,469 | +€111,987 | |
| Operating profit (loss) | 9901 | -€47,190 | €52,958 | +€100,148 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €4,640 | €7,480 | +€2,840 | +61.2% |
| Recurring financial charges | 65 | €4,640 | €7,480 | +€2,840 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | -€51,830 | €45,506 | +€97,336 | |
| Profit (loss) for the period | 9904 | -€51,830 | €45,506 | +€97,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,830 | €45,506 | +€97,336 |
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 14 October 2026 via checked.be.