AG-TOP: 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-TOP
Largest movements
- Intangible fixed assets -€36,261
no longer reported in 2026 (was €36,261)
- Receivables within one year -€6,631
down €6,631 (-34.4%), from €19,270 to €12,638
of which Other amounts receivable: -€7,908
- Debts after one year +€52,413
new in 2026: €52,413
- Other debts -€44,363
no longer reported in 2026 (was €44,363)
- Profit (loss) carried forward -€36,713
down €36,713 (-50.6%), from -€72,551 to -€109,264
- Trade debts -€13,238
down €13,238 (-84.4%), from €15,677 to €2,439
- Tax, wage and social debts -€1,104
no longer reported in 2026 (was €1,104)
- Gross operating margin -€4,910
down €4,910 (-56.0%), from €8,775 to €3,865
- Taxes -€1,257
no longer reported in 2026 (was €1,257)
- Financial charges -€636
down €636 (-14.8%), from €4,287 to €3,651
- Other operating charges +€230
up €230 (+52.7%), from €436 to €665
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,930 | €61,847 | -€43,083 | -41.1% |
| Fixed assets | 21/28 | €36,261 | - | -€36,261 | |
| Intangible fixed assets | 21 | €36,261 | - | -€36,261 | |
| Current assets | 29/58 | €68,668 | €61,847 | -€6,821 | -9.9% |
| Stocks and contracts in progress | 3 | €49,138 | €49,138 | = | 0.0% |
| Stocks | 30/36 | €49,138 | €49,138 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,270 | €12,638 | -€6,631 | -34.4% |
| Trade receivables | 40 | €948 | €2,225 | +€1,277 | +134.8% |
| Other amounts receivable | 41 | €18,322 | €10,413 | -€7,908 | -43.2% |
| Cash at bank and in hand | 54/58 | €261 | €71 | -€190 | -72.9% |
| Total equity and liabilities | 10/49 | €104,930 | €61,847 | -€43,083 | -41.1% |
| Equity | 10/15 | -€7,037 | -€43,750 | -€36,713 | -521.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,513 | €3,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,513 | €3,513 | = | 0.0% |
| Legal reserve | 130 | €3,513 | €3,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,551 | -€109,264 | -€36,713 | -50.6% |
| Amounts payable | 17/49 | €111,967 | €105,597 | -€6,370 | -5.7% |
| Amounts payable after more than one year | 17 | - | €52,413 | +€52,413 | |
| Financial debts | 170/4 | - | €52,413 | +€52,413 | |
| Amounts payable within one year | 42/48 | €111,967 | €53,184 | -€58,783 | -52.5% |
| Financial debts | 43 | €50,822 | €50,745 | -€77 | -0.2% |
| Credit institutions | 430/8 | €50,822 | €50,745 | -€77 | -0.2% |
| Trade debts | 44 | €15,677 | €2,439 | -€13,238 | -84.4% |
| Suppliers | 440/4 | €15,677 | €2,439 | -€13,238 | -84.4% |
| Taxes, remuneration and social security | 45 | €1,104 | - | -€1,104 | |
| Taxes | 450/3 | €1,104 | - | -€1,104 | |
| Other amounts payable | 47/48 | €44,363 | - | -€44,363 | |
| Non-recurring operating income | 76A | - | €3,334 | +€3,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,261 | €36,261 | -€0 | 0.0% |
| Other operating charges | 640/8 | €436 | €665 | +€230 | +52.7% |
| Gross operating margin | 9900 | €8,775 | €3,865 | -€4,910 | -56.0% |
| Operating profit (loss) | 9901 | -€27,922 | -€33,062 | -€5,139 | -18.4% |
| Financial charges | 65/66B | €4,287 | €3,651 | -€636 | -14.8% |
| Recurring financial charges | 65 | €4,287 | €3,651 | -€636 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,209 | -€36,713 | -€4,504 | -14.0% |
| Income taxes | 67/77 | €1,257 | - | -€1,257 | |
| Profit (loss) for the period | 9904 | -€33,466 | -€36,713 | -€3,247 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,466 | -€36,713 | -€3,247 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.