AGC: 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.
AGC
Largest movements
- Tangible fixed assets -€20,504
down €20,504 (-12.2%), from €168,570 to €148,066
- Cash +€14,950
up €14,950 (+54.0%), from €27,704 to €42,654
mainly Net result for the year (+€64,576) and Depreciation (+€20,504)
- Profit (loss) carried forward +€64,576
up €64,576 (+7.6%), from -€853,791 to -€789,215
- Other debts -€59,548
down €59,548 (-38.4%), from €155,106 to €95,558
- Debts after one year -€5,500
down €5,500 (-0.8%), from €730,934 to €725,434
- Other operating charges -€9,817
down €9,817 (-61.7%), from €15,902 to €6,085
- Financial charges -€5,311
down €5,311 (-67.0%), from €7,923 to €2,611
- Gross operating margin +€1,045
up €1,045 (+1.1%), from €94,464 to €95,509
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.
Derived cash bridge
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 | €358,179 | €353,889 | -€4,291 | -1.2% |
| Fixed assets | 21/28 | €168,570 | €148,266 | -€20,304 | -12.0% |
| Tangible fixed assets | 22/27 | €168,570 | €148,066 | -€20,504 | -12.2% |
| Land and buildings | 22 | €168,570 | €148,066 | -€20,504 | -12.2% |
| Financial fixed assets | 28 | €0 | €200 | +€200 | |
| Current assets | 29/58 | €189,609 | €205,623 | +€16,014 | +8.4% |
| Amounts receivable within one year | 40/41 | €161,905 | €162,969 | +€1,064 | +0.7% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €161,405 | €162,469 | +€1,064 | +0.7% |
| Cash at bank and in hand | 54/58 | €27,704 | €42,654 | +€14,950 | +54.0% |
| Total equity and liabilities | 10/49 | €358,179 | €353,889 | -€4,291 | -1.2% |
| Equity | 10/15 | -€533,225 | -€468,649 | +€64,576 | +12.1% |
| Contributions | 10/11 | €309,000 | €309,000 | = | 0.0% |
| Capital | 10 | €309,000 | €309,000 | = | 0.0% |
| Issued capital | 100 | €309,000 | €309,000 | = | 0.0% |
| Reserves | 13 | €11,566 | €11,566 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €7,848 | €7,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€853,791 | -€789,215 | +€64,576 | +7.6% |
| Amounts payable | 17/49 | €891,405 | €822,538 | -€68,867 | -7.7% |
| Amounts payable after more than one year | 17 | €730,934 | €725,434 | -€5,500 | -0.8% |
| Financial debts | 170/4 | €730,934 | €725,434 | -€5,500 | -0.8% |
| Amounts payable within one year | 42/48 | €160,095 | €97,104 | -€62,992 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,990 | €1,546 | -€3,444 | -69.0% |
| Suppliers | 440/4 | €4,990 | €1,546 | -€3,444 | -69.0% |
| Other amounts payable | 47/48 | €155,106 | €95,558 | -€59,548 | -38.4% |
| Accrued charges and deferred income | 492/3 | €375 | - | -€375 | |
| Remuneration, social security and pensions | 62 | €1,570 | €1,733 | +€163 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,504 | €20,504 | = | 0.0% |
| Other operating charges | 640/8 | €15,902 | €6,085 | -€9,817 | -61.7% |
| Gross operating margin | 9900 | €94,464 | €95,509 | +€1,045 | +1.1% |
| Operating profit (loss) | 9901 | €56,488 | €67,187 | +€10,699 | +18.9% |
| Financial charges | 65/66B | €7,923 | €2,611 | -€5,311 | -67.0% |
| Recurring financial charges | 65 | €7,923 | €2,611 | -€5,311 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €48,566 | €64,576 | +€16,010 | +33.0% |
| Profit (loss) for the period | 9904 | €48,566 | €64,576 | +€16,010 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,566 | €64,576 | +€16,010 | +33.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.