AGBL: 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.
AGBL
Largest movements
- Receivables within one year +€64,150
up €64,150 (+695.6%), from €9,222 to €73,372
of which Trade receivables: +€57,864
- Cash +€14,015
up €14,015 (+278.6%), from €5,031 to €19,046
mainly Trade debts (+€52,982) and Net result for the year (+€35,822)
- Tangible fixed assets +€11,616
up €11,616 (+22.3%), from €52,057 to €63,673
of which Land and buildings: +€63,673
- Stocks and contracts +€6,322
up €6,322 (+57.7%), from €10,950 to €17,272
- Intangible fixed assets -€2,700
down €2,700 (-3.6%), from €75,700 to €73,000
- Trade debts +€52,982
up €52,982 (+45.9%), from €115,450 to €168,431
- Profit (loss) carried forward +€37,136
up €37,136 (+246.0%), from €15,099 to €52,235
- Tax, wage and social debts +€6,695
up €6,695 (+71.2%), from €9,409 to €16,104
- Other operating charges -€169,461
down €169,461 (-97.0%), from €174,711 to €5,250
- Gross operating margin -€114,361
down €114,361 (-29.2%), from €391,965 to €277,603
- Staff costs +€26,353
up €26,353 (+14.0%), from €187,634 to €213,987
- Taxes +€15,384
new in 2024: €15,384
- Depreciation -€9,257
down €9,257 (-83.7%), from €11,057 to €1,800
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,870 | €255,533 | +€94,663 | +58.8% |
| Formation expenses | 20 | - | €900 | +€900 | |
| Fixed assets | 21/28 | €135,667 | €144,583 | +€8,916 | +6.6% |
| Intangible fixed assets | 21 | €75,700 | €73,000 | -€2,700 | -3.6% |
| Tangible fixed assets | 22/27 | €52,057 | €63,673 | +€11,616 | +22.3% |
| Land and buildings | 22 | - | €63,673 | +€63,673 | |
| Plant, machinery and equipment | 23 | €52,057 | - | -€52,057 | |
| Financial fixed assets | 28 | €7,910 | €7,910 | = | 0.0% |
| Current assets | 29/58 | €25,203 | €110,050 | +€84,847 | +336.7% |
| Stocks and contracts in progress | 3 | €10,950 | €17,272 | +€6,322 | +57.7% |
| Stocks | 30/36 | €10,950 | €17,272 | +€6,322 | +57.7% |
| Amounts receivable within one year | 40/41 | €9,222 | €73,372 | +€64,150 | +695.6% |
| Trade receivables | 40 | €1,460 | €59,324 | +€57,864 | +3963.4% |
| Other amounts receivable | 41 | €7,762 | €14,048 | +€6,286 | +81.0% |
| Cash at bank and in hand | 54/58 | €5,031 | €19,046 | +€14,015 | +278.6% |
| Deferred charges and accrued income | 490/1 | - | €360 | +€360 | |
| Total equity and liabilities | 10/49 | €160,870 | €255,533 | +€94,663 | +58.8% |
| Equity | 10/15 | €33,699 | €70,835 | +€37,136 | +110.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €15,099 | €52,235 | +€37,136 | +246.0% |
| Amounts payable | 17/49 | €127,171 | €184,698 | +€57,527 | +45.2% |
| Amounts payable within one year | 42/48 | €127,171 | €184,698 | +€57,527 | +45.2% |
| Trade debts | 44 | €115,450 | €168,431 | +€52,982 | +45.9% |
| Suppliers | 440/4 | €115,450 | €168,431 | +€52,982 | +45.9% |
| Taxes, remuneration and social security | 45 | €9,409 | €16,104 | +€6,695 | +71.2% |
| Taxes | 450/3 | €9,409 | €16,104 | +€6,695 | +71.2% |
| Other amounts payable | 47/48 | €2,313 | €163 | -€2,150 | -93.0% |
| Remuneration, social security and pensions | 62 | €187,634 | €213,987 | +€26,353 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,057 | €1,800 | -€9,257 | -83.7% |
| Other operating charges | 640/8 | €174,711 | €5,250 | -€169,461 | -97.0% |
| Gross operating margin | 9900 | €391,965 | €277,603 | -€114,361 | -29.2% |
| Operating profit (loss) | 9901 | €18,562 | €56,566 | +€38,003 | +204.7% |
| Financial charges | 65/66B | €6,482 | €5,360 | -€1,122 | -17.3% |
| Recurring financial charges | 65 | €6,482 | €5,360 | -€1,122 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €12,081 | €51,206 | +€39,125 | +323.9% |
| Income taxes | 67/77 | - | €15,384 | +€15,384 | |
| Profit (loss) for the period | 9904 | €12,081 | €35,822 | +€23,741 | +196.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,081 | €35,822 | +€23,741 | +196.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.