AGB Veurne: 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.
What changed
AGB Veurne
NACE 64.910, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€468,292
2024 · -€789,334+€321,042
Equity
€9.5m
2024 · €10.0m-€477,857
Cash
€35,489
2024 · €20,152+€15,337
Balance sheet total
€14.0m
2024 · €14.7m-€620,168
Largest movements
Assets
- Tangible fixed assets -€565,791
down €565,791 (-4.7%), from €12.0m to €11.4m
of which Land and buildings: -€534,691
Equity and liabilities
- Profit (loss) carried forward -€468,292
down €468,292 (-5.3%), from -€8.8m to -€9.3m
Income statement
- Turnover +€343,596
up €343,596 (+238%), from €144,568 to €488,164
- Gross operating margin +€335,618
up €335,618, from -€212,159 to €123,458
- Financial charges +€15,114
up €15,114 (+932%), from €1,622 to €16,736
- Purchases and services +€7,979
up €7,979 (+2.2%), from €356,727 to €364,706
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.
Result 2024
-€789,334
Gross operating margin
+€335,618
Depreciation
+€4,878
Other operating charges
-€4,340
Financial charges
-€15,114
Result 2025
-€468,292
raises the resultlowers the result
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.
From operations
+€144,052
Investment
+€8,060
Financing
-€136,775
Cash 2024
€20,152
From operations (derived)
+€144,052
Net result for the year
-€468,292
Depreciation
+€557,732
Receivables after one year
+€60,395
Receivables within one year
+€9,318
Trade debts
-€11,972
Other debts
-€3,128
Investment (derived)
+€8,060
Investment in fixed assets (net)
+€8,060
Financing
-€136,775
Debts after one year
-€127,210
Contributions, distributions and other
-€9,565
Cash 2025
€35,489
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,653,832 | €14,033,664 | -€620,168 | -4.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €12,011,331 | €11,445,539 | -€565,791 | -4.7% |
| Intangible fixed assets | 21 | €1,130 | €1,130 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,010,201 | €11,444,409 | -€565,791 | -4.7% |
| Land and buildings | 22 | €11,606,659 | €11,071,968 | -€534,691 | -4.6% |
| Plant, machinery and equipment | 23 | €32,403 | €22,078 | -€10,324 | -31.9% |
| Furniture and vehicles | 24 | €8,999 | €710 | -€8,288 | -92.1% |
| Other tangible fixed assets | 26 | €362,141 | €349,653 | -€12,488 | -3.4% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €2,642,501 | €2,588,124 | -€54,377 | -2.1% |
| Amounts receivable after more than one year | 29 | €1,288,436 | €1,228,041 | -€60,395 | -4.7% |
| Trade receivables | 290 | €1,288,436 | €1,228,041 | -€60,395 | -4.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,333,913 | €1,324,595 | -€9,318 | -0.7% |
| Trade receivables | 40 | €9,696 | €9,449 | -€248 | -2.6% |
| Other amounts receivable | 41 | €1,324,217 | €1,315,147 | -€9,070 | -0.7% |
| Cash at bank and in hand | 54/58 | €20,152 | €35,489 | +€15,337 | +76.1% |
| Total equity and liabilities | 10/49 | €14,653,832 | €14,033,664 | -€620,168 | -4.2% |
| Equity | 10/15 | €10,002,493 | €9,524,636 | -€477,857 | -4.8% |
| Contributions | 10/11 | €18,704,316 | €18,704,316 | = | 0.0% |
| Capital | 10 | €18,704,316 | €18,704,316 | = | 0.0% |
| Issued capital | 100 | €20,179,316 | €20,179,316 | = | 0.0% |
| Uncalled capital | 101 | €1,475,000 | €1,475,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,816,599 | -€9,284,891 | -€468,292 | -5.3% |
| Investment grants | 15 | €114,776 | €105,211 | -€9,565 | -8.3% |
| Amounts payable | 17/49 | €4,651,339 | €4,509,028 | -€142,311 | -3.1% |
| Amounts payable after more than one year | 17 | €4,615,736 | €4,488,526 | -€127,210 | -2.8% |
| Financial debts | 170/4 | €4,615,736 | €4,488,526 | -€127,210 | -2.8% |
| Amounts payable within one year | 42/48 | €35,602 | €20,502 | -€15,101 | -42.4% |
| Trade debts | 44 | €32,459 | €20,487 | -€11,972 | -36.9% |
| Suppliers | 440/4 | €32,459 | €20,487 | -€11,972 | -36.9% |
| Other amounts payable | 47/48 | €3,143 | €15 | -€3,128 | -99.5% |
| Turnover | 70 | €144,568 | €488,164 | +€343,596 | +238% |
| Goods, raw materials, services and sundry goods | 60/61 | €356,727 | €364,706 | +€7,979 | +2.2% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562,610 | €557,732 | -€4,878 | -0.9% |
| Other operating charges | 640/8 | €22,508 | €26,848 | +€4,340 | +19.3% |
| Gross operating margin | 9900 | -€212,159 | €123,458 | +€335,618 | |
| Operating profit (loss) | 9901 | -€797,277 | -€461,121 | +€336,156 | +42.2% |
| Financial income | 75/76B | €9,565 | €9,565 | = | 0.0% |
| Recurring financial income | 75 | €9,565 | €9,565 | = | 0.0% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €1,622 | €16,736 | +€15,114 | +932% |
| Recurring financial charges | 65 | €1,622 | €16,736 | +€15,114 | +932% |
| Profit (loss) for the period before taxes | 9903 | -€789,334 | -€468,292 | +€321,042 | +40.7% |
| Profit (loss) for the period | 9904 | -€789,334 | -€468,292 | +€321,042 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€789,334 | -€468,292 | +€321,042 | +40.7% |
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 16 October 2026 via checked.be.