AGB MASTERPLAN: 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 MASTERPLAN
Largest movements
- Cash -€1.1m
down €1.1m (-36.0%), from €3.0m to €1.9m
mainly Debts after one year (-€1.4m) and Investment in fixed assets (net) (-€681,910)
- Tangible fixed assets -€584,162
down €584,162 (-2.6%), from €22.9m to €22.3m
of which Land and buildings: -€1.1m
- Receivables within one year +€566,022
up €566,022 (+22.4%), from €2.5m to €3.1m
of which Trade receivables: +€559,842
- Debts after one year -€1.4m
down €1.4m (-5.3%), from €26.3m to €24.9m
of which Financial debts: -€1.4m
- Profit (loss) carried forward +€295,578
up €295,578 (+15.9%), from -€1.9m to -€1.6m
- Gross operating margin -€545,656
down €545,656 (-17.9%), from €3.0m to €2.5m
- Financial income -€65,281
down €65,281 (-82.6%), from €79,060 to €13,779
- Financial charges -€37,585
down €37,585 (-4.9%), from €762,636 to €725,051
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 | €28,375,023 | €27,292,775 | -€1.1m | -3.8% |
| Fixed assets | 21/28 | €22,885,200 | €22,301,038 | -€584,162 | -2.6% |
| Tangible fixed assets | 22/27 | €22,883,950 | €22,299,788 | -€584,162 | -2.6% |
| Land and buildings | 22 | €22,600,770 | €21,538,371 | -€1.1m | -4.7% |
| Plant, machinery and equipment | 23 | €171,676 | €591,986 | +€420,310 | +244.8% |
| Furniture and vehicles | 24 | €89,924 | €147,851 | +€57,927 | +64.4% |
| Assets under construction and advance payments | 27 | €21,580 | €21,580 | = | 0.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €5,489,823 | €4,991,737 | -€498,086 | -9.1% |
| Amounts receivable within one year | 40/41 | €2,530,873 | €3,096,895 | +€566,022 | +22.4% |
| Trade receivables | 40 | €2,530,873 | €3,090,715 | +€559,842 | +22.1% |
| Other amounts receivable | 41 | - | €6,180 | +€6,180 | |
| Current investments | 50/53 | €6,525 | €6,594 | +€69 | +1.1% |
| Cash at bank and in hand | 54/58 | €2,952,425 | €1,888,248 | -€1.1m | -36.0% |
| Total equity and liabilities | 10/49 | €28,375,023 | €27,292,775 | -€1.1m | -3.8% |
| Equity | 10/15 | -€953,386 | -€657,807 | +€295,578 | +31.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,853,386 | -€1,557,807 | +€295,578 | +15.9% |
| Amounts payable | 17/49 | €29,328,409 | €27,950,583 | -€1.4m | -4.7% |
| Amounts payable after more than one year | 17 | €26,304,205 | €24,905,787 | -€1.4m | -5.3% |
| Financial debts | 170/4 | €26,303,515 | €24,905,787 | -€1.4m | -5.3% |
| Other amounts payable | 178/9 | €689 | - | -€689 | |
| Amounts payable within one year | 42/48 | €3,022,638 | €3,044,037 | +€21,399 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €1,365,798 | €1,397,729 | +€31,930 | +2.3% |
| Financial debts | 43 | €1,504,545 | €1,504,544 | -€0 | 0.0% |
| Credit institutions | 430/8 | €1,504,545 | €1,504,544 | -€0 | 0.0% |
| Trade debts | 44 | €128,617 | €141,764 | +€13,147 | +10.2% |
| Suppliers | 440/4 | €128,617 | €141,764 | +€13,147 | +10.2% |
| Taxes, remuneration and social security | 45 | €22,086 | - | -€22,086 | |
| Taxes | 450/3 | €22,086 | - | -€22,086 | |
| Other amounts payable | 47/48 | €1,593 | - | -€1,593 | |
| Accrued charges and deferred income | 492/3 | €1,566 | €759 | -€807 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236,049 | €1,266,072 | +€30,023 | +2.4% |
| Other operating charges | 640/8 | €243,575 | €226,838 | -€16,737 | -6.9% |
| Gross operating margin | 9900 | €3,045,415 | €2,499,760 | -€545,656 | -17.9% |
| Operating profit (loss) | 9901 | €1,565,791 | €1,006,850 | -€558,941 | -35.7% |
| Financial income | 75/76B | €79,060 | €13,779 | -€65,281 | -82.6% |
| Recurring financial income | 75 | €79,060 | €13,779 | -€65,281 | -82.6% |
| Financial charges | 65/66B | €762,636 | €725,051 | -€37,585 | -4.9% |
| Recurring financial charges | 65 | €762,636 | €725,051 | -€37,585 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €882,215 | €295,578 | -€586,637 | -66.5% |
| Profit (loss) for the period | 9904 | €882,215 | €295,578 | -€586,637 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €882,215 | €295,578 | -€586,637 | -66.5% |
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.