AGB Management: 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 Management
Largest movements
- Cash -€22,770
down €22,770 (-41.0%), from €55,504 to €32,734
mainly Receivables within one year (-€13,548) and Contributions, distributions and other (-€11,214)
- Receivables within one year +€13,548
new in 2025: €13,548
- Current investments +€10,000
new in 2025: €10,000
- Tangible fixed assets -€4,580
down €4,580 (-25.4%), from €18,034 to €13,454
of which Land and buildings: -€2,373
- Reserves -€3,307
down €3,307 (-5.7%), from €57,933 to €54,626
- Gross operating margin -€38,406
down €38,406 (-61.6%), from €62,366 to €23,960
- Taxes -€8,890
down €8,890 (-57.9%), from €15,342 to €6,452
- Depreciation -€2,033
down €2,033 (-17.6%), from €11,531 to €9,498
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 | €73,537 | €69,736 | -€3,802 | -5.2% |
| Fixed assets | 21/28 | €18,034 | €13,454 | -€4,580 | -25.4% |
| Tangible fixed assets | 22/27 | €18,034 | €13,454 | -€4,580 | -25.4% |
| Land and buildings | 22 | €6,961 | €4,588 | -€2,373 | -34.1% |
| Plant, machinery and equipment | 23 | €10,258 | €8,721 | -€1,537 | -15.0% |
| Furniture and vehicles | 24 | €815 | €145 | -€670 | -82.2% |
| Current assets | 29/58 | €55,504 | €56,282 | +€778 | +1.4% |
| Amounts receivable within one year | 40/41 | - | €13,548 | +€13,548 | |
| Other amounts receivable | 41 | - | €13,548 | +€13,548 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €55,504 | €32,734 | -€22,770 | -41.0% |
| Total equity and liabilities | 10/49 | €73,537 | €69,736 | -€3,802 | -5.2% |
| Equity | 10/15 | €64,133 | €60,826 | -€3,307 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,933 | €54,626 | -€3,307 | -5.7% |
| Distributable reserves | 133 | €57,933 | €54,626 | -€3,307 | -5.7% |
| Amounts payable | 17/49 | €9,405 | €8,910 | -€495 | -5.3% |
| Amounts payable within one year | 42/48 | €9,405 | €8,910 | -€495 | -5.3% |
| Trade debts | 44 | €900 | €988 | +€88 | +9.8% |
| Suppliers | 440/4 | €900 | €988 | +€88 | +9.8% |
| Taxes, remuneration and social security | 45 | €8,355 | €7,922 | -€433 | -5.2% |
| Taxes | 450/3 | €8,355 | €7,922 | -€433 | -5.2% |
| Other amounts payable | 47/48 | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,531 | €9,498 | -€2,033 | -17.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €62,366 | €23,960 | -€38,406 | -61.6% |
| Operating profit (loss) | 9901 | €50,717 | €14,342 | -€36,375 | -71.7% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €110 | €55 | -€54 | -49.7% |
| Recurring financial charges | 65 | €110 | €55 | -€54 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €50,608 | €14,359 | -€36,248 | -71.6% |
| Income taxes | 67/77 | €15,342 | €6,452 | -€8,890 | -57.9% |
| Profit (loss) for the period | 9904 | €35,265 | €7,907 | -€27,358 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,265 | €7,907 | -€27,358 | -77.6% |
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 15 October 2026 via checked.be.