AG WAY: 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 WAY
Largest movements
- Receivables within one year +€24,993
up €24,993 (+87.5%), from €28,549 to €53,542
- Receivables after one year -€5,132
down €5,132 (-8.5%), from €60,600 to €55,468
- Cash -€2,147
down €2,147 (-39.6%), from €5,426 to €3,279
mainly Advances received (-€33,421) and Receivables within one year (-€24,993)
- Deferred charges and accrued income -€1,457
down €1,457 (-100.0%), from €1,457 to €0
- Trade debts +€50,124
new in 2025: €50,124
- Advances received -€33,421
down €33,421 (-100.0%), from €33,421 to €0
- Reserves +€16,000
up €16,000 (+56.6%), from €28,246 to €44,246
- Other debts -€12,950
down €12,950 (-86.1%), from €15,044 to €2,093
- Tax, wage and social debts -€2,930
down €2,930 (-16.0%), from €18,350 to €15,419
- Gross operating margin +€9,428
up €9,428 (+58.3%), from €16,169 to €25,596
- Taxes +€2,704
up €2,704 (+65.3%), from €4,143 to €6,847
- Financial income +€1,533
up €1,533 (+255.6%), from €600 to €2,133
- Financial charges +€783
up €783 (+49.1%), from €1,595 to €2,378
- Other operating charges +€545
up €545 (+76.6%), from €712 to €1,256
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 | €97,893 | €114,803 | +€16,910 | +17.3% |
| Fixed assets | 21/28 | €1,861 | €2,514 | +€652 | +35.0% |
| Tangible fixed assets | 22/27 | €1,861 | €2,514 | +€652 | +35.0% |
| Plant, machinery and equipment | 23 | - | €1,428 | +€1,428 | |
| Furniture and vehicles | 24 | €1,861 | €1,086 | -€775 | -41.7% |
| Current assets | 29/58 | €96,031 | €112,289 | +€16,258 | +16.9% |
| Amounts receivable after more than one year | 29 | €60,600 | €55,468 | -€5,132 | -8.5% |
| Other amounts receivable | 291 | €60,600 | €55,468 | -€5,132 | -8.5% |
| Amounts receivable within one year | 40/41 | €28,549 | €53,542 | +€24,993 | +87.5% |
| Trade receivables | 40 | €28,549 | €53,542 | +€24,993 | +87.5% |
| Cash at bank and in hand | 54/58 | €5,426 | €3,279 | -€2,147 | -39.6% |
| Deferred charges and accrued income | 490/1 | €1,457 | €0 | -€1,457 | -100.0% |
| Total equity and liabilities | 10/49 | €97,893 | €114,803 | +€16,910 | +17.3% |
| Equity | 10/15 | €30,238 | €46,342 | +€16,104 | +53.3% |
| Contributions | 10/11 | €1,992 | €1,992 | = | 0.0% |
| Reserves | 13 | €28,246 | €44,246 | +€16,000 | +56.6% |
| Distributable reserves | 133 | €28,246 | €44,246 | +€16,000 | +56.6% |
| Profit (loss) carried forward | 14 | - | €104 | +€104 | |
| Amounts payable | 17/49 | €67,654 | €68,460 | +€806 | +1.2% |
| Amounts payable within one year | 42/48 | €66,814 | €67,637 | +€822 | +1.2% |
| Trade debts | 44 | - | €50,124 | +€50,124 | |
| Suppliers | 440/4 | - | €50,124 | +€50,124 | |
| Advances received on contracts in progress | 46 | €33,421 | €0 | -€33,421 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,350 | €15,419 | -€2,930 | -16.0% |
| Taxes | 450/3 | €18,350 | €15,419 | -€2,930 | -16.0% |
| Other amounts payable | 47/48 | €15,044 | €2,093 | -€12,950 | -86.1% |
| Accrued charges and deferred income | 492/3 | €840 | €824 | -€16 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €1,144 | +€496 | +76.5% |
| Other operating charges | 640/8 | €712 | €1,256 | +€545 | +76.6% |
| Gross operating margin | 9900 | €16,169 | €25,596 | +€9,428 | +58.3% |
| Operating profit (loss) | 9901 | €14,809 | €23,195 | +€8,387 | +56.6% |
| Financial income | 75/76B | €600 | €2,133 | +€1,533 | +255.6% |
| Recurring financial income | 75 | €600 | €2,133 | +€1,533 | +255.6% |
| Financial charges | 65/66B | €1,595 | €2,378 | +€783 | +49.1% |
| Recurring financial charges | 65 | €1,595 | €2,378 | +€783 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €13,814 | €22,951 | +€9,137 | +66.1% |
| Income taxes | 67/77 | €4,143 | €6,847 | +€2,704 | +65.3% |
| Profit (loss) for the period | 9904 | €9,671 | €16,104 | +€6,433 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,671 | €16,104 | +€6,433 | +66.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.