AG47 Concept: 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.
AG47 Concept
Largest movements
- Tangible fixed assets -€11,465
down €11,465 (-5.0%), from €229,304 to €217,839
- Other debts +€147,738
new in 2025: €147,738
- Trade debts -€116,046
down €116,046 (-100.0%), from €116,092 to €46
of which Bills of exchange payable: -€115,294
- Profit (loss) carried forward -€37,272
down €37,272 (-113.6%), from -€32,820 to -€70,092
- Debts after one year -€5,303
down €5,303 (-3.8%), from €140,831 to €135,528
- Gross operating margin -€11,926
down €11,926 (-171.3%), from -€6,964 to -€18,890
- Depreciation +€11,465
new in 2025: €11,465
- Other operating charges -€1,134
down €1,134 (-65.5%), from €1,733 to €599
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 | €232,190 | €221,523 | -€10,668 | -4.6% |
| Fixed assets | 21/28 | €229,304 | €217,839 | -€11,465 | -5.0% |
| Tangible fixed assets | 22/27 | €229,304 | €217,839 | -€11,465 | -5.0% |
| Land and buildings | 22 | €229,304 | €217,839 | -€11,465 | -5.0% |
| Current assets | 29/58 | €2,886 | €3,683 | +€798 | +27.6% |
| Amounts receivable within one year | 40/41 | €1,590 | €946 | -€645 | -40.5% |
| Trade receivables | 40 | €363 | €877 | +€514 | +141.7% |
| Other amounts receivable | 41 | €1,227 | €68 | -€1,159 | -94.4% |
| Cash at bank and in hand | 54/58 | €1,296 | €2,738 | +€1,442 | +111.3% |
| Total equity and liabilities | 10/49 | €232,190 | €221,523 | -€10,668 | -4.6% |
| Equity | 10/15 | -€29,820 | -€67,092 | -€37,272 | -125.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,820 | -€70,092 | -€37,272 | -113.6% |
| Amounts payable | 17/49 | €262,011 | €288,615 | +€26,604 | +10.2% |
| Amounts payable after more than one year | 17 | €140,831 | €135,528 | -€5,303 | -3.8% |
| Financial debts | 170/4 | €140,831 | €135,528 | -€5,303 | -3.8% |
| Amounts payable within one year | 42/48 | €121,179 | €153,087 | +€31,907 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €5,088 | €5,303 | +€216 | +4.2% |
| Trade debts | 44 | €116,092 | €46 | -€116,046 | -100.0% |
| Suppliers | 440/4 | €798 | €46 | -€752 | -94.3% |
| Bills of exchange payable | 441 | €115,294 | - | -€115,294 | |
| Other amounts payable | 47/48 | - | €147,738 | +€147,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,465 | +€11,465 | |
| Other operating charges | 640/8 | €1,733 | €599 | -€1,134 | -65.5% |
| Gross operating margin | 9900 | -€6,964 | -€18,890 | -€11,926 | -171.3% |
| Operating profit (loss) | 9901 | -€8,697 | -€30,954 | -€22,257 | -255.9% |
| Financial charges | 65/66B | €5,996 | €6,029 | +€33 | +0.6% |
| Recurring financial charges | 65 | €5,996 | €6,029 | +€33 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,693 | -€36,984 | -€22,290 | -151.7% |
| Profit (loss) for the period | 9904 | -€14,693 | -€36,984 | -€22,290 | -151.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,693 | -€36,984 | -€22,290 | -151.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.