AG Stone: 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 Stone
Largest movements
- Stocks and contracts -€603,990
down €603,990 (-39.2%), from €1.5m to €935,313
of which Contracts in progress: -€603,990
- Cash +€79,548
up €79,548 (+120.0%), from €66,265 to €145,814
mainly Stocks and contracts (+€603,990) and Net result for the year (+€38,739)
- Tangible fixed assets -€30,265
down €30,265 (-45.1%), from €67,176 to €36,911
of which Furniture and vehicles: -€28,706
- Receivables within one year +€23,380
up €23,380 (+197.2%), from €11,856 to €35,237
of which Other amounts receivable: +€12,564
- Debts after one year -€390,875
down €390,875 (-34.4%), from €1.1m to €744,020
- Other debts -€79,923
down €79,923 (-69.1%), from €115,612 to €35,689
- Trade debts -€64,049
down €64,049 (-95.9%), from €66,800 to €2,751
- Tax, wage and social debts -€41,360
down €41,360 (-85.3%), from €48,477 to €7,116
- Profit (loss) carried forward +€38,739
up €38,739 (+15.3%), from €252,679 to €291,417
- Staff costs +€21,100
new in 2024: €21,100
- Depreciation +€20,472
up €20,472 (+503.3%), from €4,067 to €24,539
- Taxes -€14,317
down €14,317, from €13,144 to -€1,173
- Gross operating margin +€12,116
up €12,116 (+11.6%), from €104,723 to €116,839
- Financial charges -€8,748
down €8,748 (-21.3%), from €41,149 to €32,401
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.
Cash bridge derived
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 | €1,684,600 | €1,155,683 | -€528,917 | -31.4% |
| Fixed assets | 21/28 | €67,176 | €36,911 | -€30,265 | -45.1% |
| Tangible fixed assets | 22/27 | €67,176 | €36,911 | -€30,265 | -45.1% |
| Plant, machinery and equipment | 23 | €3,764 | €2,205 | -€1,559 | -41.4% |
| Furniture and vehicles | 24 | €63,412 | €34,706 | -€28,706 | -45.3% |
| Current assets | 29/58 | €1,617,424 | €1,118,772 | -€498,652 | -30.8% |
| Stocks and contracts in progress | 3 | €1,539,302 | €935,313 | -€603,990 | -39.2% |
| Stocks | 30/36 | €16,004 | €16,004 | = | 0.0% |
| Contracts in progress | 37 | €1,523,298 | €919,309 | -€603,990 | -39.7% |
| Amounts receivable within one year | 40/41 | €11,856 | €35,237 | +€23,380 | +197.2% |
| Trade receivables | 40 | - | €10,816 | +€10,816 | |
| Other amounts receivable | 41 | €11,856 | €24,420 | +€12,564 | +106.0% |
| Cash at bank and in hand | 54/58 | €66,265 | €145,814 | +€79,548 | +120.0% |
| Deferred charges and accrued income | 490/1 | - | €2,409 | +€2,409 | |
| Total equity and liabilities | 10/49 | €1,684,600 | €1,155,683 | -€528,917 | -31.4% |
| Equity | 10/15 | €272,679 | €311,417 | +€38,739 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,679 | €291,417 | +€38,739 | +15.3% |
| Amounts payable | 17/49 | €1,411,921 | €844,266 | -€567,655 | -40.2% |
| Amounts payable after more than one year | 17 | €1,134,895 | €744,020 | -€390,875 | -34.4% |
| Financial debts | 170/4 | €1,134,895 | €744,020 | -€390,875 | -34.4% |
| Amounts payable within one year | 42/48 | €276,972 | €100,246 | -€176,726 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | €46,084 | €54,690 | +€8,606 | +18.7% |
| Trade debts | 44 | €66,800 | €2,751 | -€64,049 | -95.9% |
| Suppliers | 440/4 | €66,800 | €2,751 | -€64,049 | -95.9% |
| Taxes, remuneration and social security | 45 | €48,477 | €7,116 | -€41,360 | -85.3% |
| Taxes | 450/3 | €48,477 | €7,116 | -€41,360 | -85.3% |
| Other amounts payable | 47/48 | €115,612 | €35,689 | -€79,923 | -69.1% |
| Accrued charges and deferred income | 492/3 | €54 | €0 | -€54 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €21,100 | +€21,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,067 | €24,539 | +€20,472 | +503.3% |
| Other operating charges | 640/8 | €3,028 | €1,285 | -€1,743 | -57.6% |
| Gross operating margin | 9900 | €104,723 | €116,839 | +€12,116 | +11.6% |
| Operating profit (loss) | 9901 | €97,628 | €69,915 | -€27,714 | -28.4% |
| Financial income | 75/76B | €93 | €52 | -€41 | -44.2% |
| Recurring financial income | 75 | €93 | €52 | -€41 | -44.2% |
| Financial charges | 65/66B | €41,149 | €32,401 | -€8,748 | -21.3% |
| Recurring financial charges | 65 | €41,149 | €32,401 | -€8,748 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €56,573 | €37,566 | -€19,007 | -33.6% |
| Income taxes | 67/77 | €13,144 | -€1,173 | -€14,317 | |
| Profit (loss) for the period | 9904 | €43,429 | €38,739 | -€4,690 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,429 | €38,739 | -€4,690 | -10.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.