AG SOLUTION HOLDING: 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 SOLUTION HOLDING
Largest movements
- Receivables within one year +€314,136
up €314,136 (+33.2%), from €946,205 to €1.3m
of which Trade receivables: +€292,760
- Other debts -€1.0m
down €1.0m (-22.8%), from €4.6m to €3.5m
- Trade debts +€797,570
up €797,570 (+365%), from €218,270 to €1.0m
- Reserves +€449,511
up €449,511 (+227%), from €198,161 to €647,672
of which Non-distributable reserves: +€290,092
- Tax, wage and social debts +€134,863
up €134,863 (+111%), from €121,775 to €256,638
of which Taxes: +€114,492
- Gross operating margin +€674,564
up €674,564 (+73.0%), from €923,534 to €1.6m
- Staff costs +€212,192
up €212,192 (+48.2%), from €440,343 to €652,534
- Financial charges +€169,551
up €169,551 (+177%), from €95,570 to €265,121
- Taxes +€86,609
up €86,609 (+111%), from €77,792 to €164,401
- Depreciation +€55,201
up €55,201 (+200%), from €27,634 to €82,835
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 | €8,636,200 | €8,964,929 | +€328,729 | +3.8% |
| Formation expenses | 20 | €182,231 | €145,146 | -€37,085 | -20.4% |
| Fixed assets | 21/28 | €7,388,849 | €7,462,711 | +€73,862 | +1.0% |
| Intangible fixed assets | 21 | €18,767 | €100,147 | +€81,380 | +434% |
| Tangible fixed assets | 22/27 | €50,166 | €42,648 | -€7,518 | -15.0% |
| Plant, machinery and equipment | 23 | €47,859 | €38,456 | -€9,402 | -19.6% |
| Furniture and vehicles | 24 | €2,307 | €4,191 | +€1,884 | +81.7% |
| Financial fixed assets | 28 | €7,319,916 | €7,319,916 | = | 0.0% |
| Current assets | 29/58 | €1,065,120 | €1,357,072 | +€291,952 | +27.4% |
| Amounts receivable within one year | 40/41 | €946,205 | €1,260,341 | +€314,136 | +33.2% |
| Trade receivables | 40 | - | €292,760 | +€292,760 | |
| Other amounts receivable | 41 | €946,205 | €967,580 | +€21,375 | +2.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €60,890 | €39,148 | -€21,742 | -35.7% |
| Deferred charges and accrued income | 490/1 | €58,025 | €57,584 | -€442 | -0.8% |
| Total equity and liabilities | 10/49 | €8,636,200 | €8,964,929 | +€328,729 | +3.8% |
| Equity | 10/15 | €3,198,161 | €3,647,672 | +€449,511 | +14.1% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €198,161 | €647,672 | +€449,511 | +227% |
| Non-distributable reserves | 130/1 | €9,908 | €300,000 | +€290,092 | +2,928% |
| Legal reserve | 130 | €9,908 | €300,000 | +€290,092 | +2,928% |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €188,253 | €347,672 | +€159,419 | +84.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,438,039 | €5,317,257 | -€120,782 | -2.2% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,932,377 | €4,817,215 | -€115,163 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €218,270 | €1,015,841 | +€797,570 | +365% |
| Suppliers | 440/4 | €218,270 | €1,015,841 | +€797,570 | +365% |
| Taxes, remuneration and social security | 45 | €121,775 | €256,638 | +€134,863 | +111% |
| Taxes | 450/3 | €77,701 | €192,193 | +€114,492 | +147% |
| Remuneration and social security | 454/9 | €44,074 | €64,444 | +€20,370 | +46.2% |
| Other amounts payable | 47/48 | €4,592,332 | €3,544,737 | -€1.0m | -22.8% |
| Accrued charges and deferred income | 492/3 | €5,662 | €42 | -€5,620 | -99.3% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €440,343 | €652,534 | +€212,192 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,634 | €82,835 | +€55,201 | +200% |
| Other operating charges | 640/8 | €1,863 | €321 | -€1,543 | -82.8% |
| Non-recurring operating charges | 66A | - | €88 | +€88 | |
| Gross operating margin | 9900 | €923,534 | €1,598,098 | +€674,564 | +73.0% |
| Operating profit (loss) | 9901 | €453,694 | €862,320 | +€408,626 | +90.1% |
| Financial income | 75/76B | €21 | €16,713 | +€16,692 | +79,033% |
| Recurring financial income | 75 | €21 | €16,713 | +€16,692 | +79,033% |
| Financial charges | 65/66B | €95,570 | €265,121 | +€169,551 | +177% |
| Recurring financial charges | 65 | €95,570 | €265,121 | +€169,551 | +177% |
| Profit (loss) for the period before taxes | 9903 | €358,146 | €613,912 | +€255,766 | +71.4% |
| Income taxes | 67/77 | €77,792 | €164,401 | +€86,609 | +111% |
| Profit (loss) for the period | 9904 | €280,353 | €449,511 | +€169,158 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €280,353 | €449,511 | +€169,158 | +60.3% |
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 31 October 2026 via checked.be.