AG TRADE: 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 TRADE
Largest movements
- Tangible fixed assets +€65,796
up €65,796 (+9.6%), from €686,973 to €752,770
of which Other tangible fixed assets: +€311,896
- Other debts +€259,186
up €259,186 (+179.9%), from €144,069 to €403,255
- Debts after one year -€191,704
down €191,704 (-30.5%), from €628,785 to €437,081
- Trade debts -€18,761
down €18,761 (-61.3%), from €30,591 to €11,831
- Profit (loss) carried forward +€15,240
up €15,240 (+12.6%), from -€121,367 to -€106,127
- Current portion of long-term debt -€9,100
down €9,100 (-33.4%), from €27,270 to €18,171
- Depreciation -€27,781
down €27,781 (-70.9%), from €39,177 to €11,396
- Gross operating margin +€13,969
up €13,969 (+33.1%), from €42,236 to €56,204
- Financial charges +€4,900
up €4,900 (+23.6%), from €20,740 to €25,640
- Other operating charges +€2,741
up €2,741 (+230.8%), from €1,187 to €3,928
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 | €714,349 | €775,750 | +€61,401 | +8.6% |
| Fixed assets | 21/28 | €686,973 | €752,770 | +€65,796 | +9.6% |
| Tangible fixed assets | 22/27 | €686,973 | €752,770 | +€65,796 | +9.6% |
| Land and buildings | 22 | €655,547 | €409,447 | -€246,099 | -37.5% |
| Other tangible fixed assets | 26 | €31,427 | €343,323 | +€311,896 | +992.5% |
| Current assets | 29/58 | €27,376 | €22,981 | -€4,395 | -16.1% |
| Amounts receivable within one year | 40/41 | €7,650 | - | -€7,650 | |
| Trade receivables | 40 | €7,650 | - | -€7,650 | |
| Cash at bank and in hand | 54/58 | €18,555 | €22,981 | +€4,425 | +23.8% |
| Deferred charges and accrued income | 490/1 | €1,170 | - | -€1,170 | |
| Total equity and liabilities | 10/49 | €714,349 | €775,750 | +€61,401 | +8.6% |
| Equity | 10/15 | -€116,367 | -€101,127 | +€15,240 | +13.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,367 | -€106,127 | +€15,240 | +12.6% |
| Amounts payable | 17/49 | €830,716 | €876,878 | +€46,162 | +5.6% |
| Amounts payable after more than one year | 17 | €628,785 | €437,081 | -€191,704 | -30.5% |
| Financial debts | 170/4 | €628,785 | €437,081 | -€191,704 | -30.5% |
| Amounts payable within one year | 42/48 | €201,931 | €433,256 | +€231,326 | +114.6% |
| Current portion of amounts payable after more than one year | 42 | €27,270 | €18,171 | -€9,100 | -33.4% |
| Trade debts | 44 | €30,591 | €11,831 | -€18,761 | -61.3% |
| Suppliers | 440/4 | €30,591 | €11,831 | -€18,761 | -61.3% |
| Other amounts payable | 47/48 | €144,069 | €403,255 | +€259,186 | +179.9% |
| Accrued charges and deferred income | 492/3 | - | €6,540 | +€6,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,177 | €11,396 | -€27,781 | -70.9% |
| Other operating charges | 640/8 | €1,187 | €3,928 | +€2,741 | +230.8% |
| Gross operating margin | 9900 | €42,236 | €56,204 | +€13,969 | +33.1% |
| Operating profit (loss) | 9901 | €1,871 | €40,880 | +€39,009 | +2084.7% |
| Financial charges | 65/66B | €20,740 | €25,640 | +€4,900 | +23.6% |
| Recurring financial charges | 65 | €20,740 | €25,640 | +€4,900 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,869 | €15,240 | +€34,108 | |
| Profit (loss) for the period | 9904 | -€18,869 | €15,240 | +€34,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,869 | €15,240 | +€34,108 |
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 11 October 2026 via checked.be.