AGB HOLDING: 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.
AGB HOLDING
Largest movements
- Tangible fixed assets +€707,097
new in 2025: €707,097
- Receivables within one year -€171,200
down €171,200 (-100%), from €171,200 to €0
of which Trade receivables: -€121,200
- Debts after one year +€476,817
up €476,817 (+117%), from €407,143 to €883,960
of which Financial debts: +€526,817
- Other debts +€147,099
up €147,099, from €0 to €147,099
- Reserves -€50,574
down €50,574 (-19.7%), from €257,090 to €206,516
- Trade debts -€21,101
down €21,101 (-24.0%), from €87,843 to €66,742
- Tax, wage and social debts -€20,775
down €20,775 (-49.9%), from €41,600 to €20,824
- Financial income -€115,000
down €115,000 (-100%), from €115,000 to €0
- Gross operating margin -€73,623
down €73,623 (-54.2%), from €135,872 to €62,249
- Depreciation +€67,862
up €67,862 (+894%), from €7,591 to €75,453
- Taxes -€22,282
down €22,282 (-100%), from €22,282 to €0
- Financial charges +€17,966
up €17,966 (+98.4%), from €18,262 to €36,228
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.
Derived cash bridge
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 | €925,103 | €1,460,673 | +€535,570 | +57.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €750,000 | €1,457,097 | +€707,097 | +94.3% |
| Tangible fixed assets | 22/27 | - | €707,097 | +€707,097 | |
| Land and buildings | 22 | - | €707,097 | +€707,097 | |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €175,103 | €3,576 | -€171,527 | -98.0% |
| Amounts receivable within one year | 40/41 | €171,200 | €0 | -€171,200 | -100% |
| Trade receivables | 40 | €121,200 | €0 | -€121,200 | -100% |
| Other amounts receivable | 41 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €3,903 | €3,576 | -€327 | -8.4% |
| Total equity and liabilities | 10/49 | €925,103 | €1,460,673 | +€535,570 | +57.9% |
| Equity | 10/15 | €267,090 | €216,516 | -€50,574 | -18.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €257,090 | €206,516 | -€50,574 | -19.7% |
| Distributable reserves | 133 | €257,090 | €206,516 | -€50,574 | -19.7% |
| Amounts payable | 17/49 | €658,013 | €1,244,157 | +€586,144 | +89.1% |
| Amounts payable after more than one year | 17 | €407,143 | €883,960 | +€476,817 | +117% |
| Financial debts | 170/4 | €357,143 | €883,960 | +€526,817 | +148% |
| Other amounts payable | 178/9 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable within one year | 42/48 | €250,871 | €356,094 | +€105,223 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €121,429 | €121,429 | = | 0.0% |
| Trade debts | 44 | €87,843 | €66,742 | -€21,101 | -24.0% |
| Suppliers | 440/4 | €87,843 | €66,742 | -€21,101 | -24.0% |
| Taxes, remuneration and social security | 45 | €41,600 | €20,824 | -€20,775 | -49.9% |
| Taxes | 450/3 | €41,600 | €20,824 | -€20,775 | -49.9% |
| Other amounts payable | 47/48 | €0 | €147,099 | +€147,099 | |
| Accrued charges and deferred income | 492/3 | - | €4,103 | +€4,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,591 | €75,453 | +€67,862 | +894% |
| Other operating charges | 640/8 | €892 | €1,143 | +€251 | +28.1% |
| Gross operating margin | 9900 | €135,872 | €62,249 | -€73,623 | -54.2% |
| Operating profit (loss) | 9901 | €127,389 | -€14,346 | -€141,735 | |
| Financial income | 75/76B | €115,000 | €0 | -€115,000 | -100% |
| Recurring financial income | 75 | €115,000 | €0 | -€115,000 | -100% |
| Financial charges | 65/66B | €18,262 | €36,228 | +€17,966 | +98.4% |
| Recurring financial charges | 65 | €18,262 | €36,228 | +€17,966 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €224,127 | -€50,574 | -€274,701 | |
| Income taxes | 67/77 | €22,282 | €0 | -€22,282 | -100% |
| Profit (loss) for the period | 9904 | €201,845 | -€50,574 | -€252,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €201,845 | -€50,574 | -€252,419 |
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 17 October 2026 via checked.be.