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
- Receivables within one year +€44,605
up €44,605 (+36.6%), from €121,940 to €166,545
of which Trade receivables: +€54,319
- Cash +€10,472
up €10,472 (+7.5%), from €139,804 to €150,276
mainly Net result for the year (+€69,417) and Tax, wage and social debts (+€37,932)
- Reserves +€69,000
up €69,000 (+36.3%), from €190,155 to €259,155
of which Distributable reserves: +€69,000
- Tax, wage and social debts +€37,932
up €37,932 (+275.7%), from €13,759 to €51,691
- Other debts -€36,262
down €36,262 (-94.0%), from €38,587 to €2,325
- Trade debts -€28,410
down €28,410 (-94.9%), from €29,942 to €1,532
- Accrued charges and deferred income +€12,400
new in 2025: €12,400
- Gross operating margin +€32,201
up €32,201 (+43.8%), from €73,547 to €105,748
- Purchases and services -€25,258
down €25,258 (-6.0%), from €419,653 to €394,395
- Taxes +€11,181
up €11,181 (+47.5%), from €23,533 to €34,714
- Turnover +€6,943
up €6,943 (+1.4%), from €493,200 to €500,144
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 | €291,745 | €346,821 | +€55,077 | +18.9% |
| Fixed assets | 21/28 | €30,000 | €30,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €30,000 | €30,000 | = | 0.0% |
| Furniture and vehicles | 24 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €261,745 | €316,821 | +€55,077 | +21.0% |
| Amounts receivable within one year | 40/41 | €121,940 | €166,545 | +€44,605 | +36.6% |
| Trade receivables | 40 | €112,227 | €166,545 | +€54,319 | +48.4% |
| Other amounts receivable | 41 | €9,714 | - | -€9,714 | |
| Cash at bank and in hand | 54/58 | €139,804 | €150,276 | +€10,472 | +7.5% |
| Total equity and liabilities | 10/49 | €291,745 | €346,821 | +€55,077 | +18.9% |
| Equity | 10/15 | €209,457 | €278,874 | +€69,417 | +33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €190,155 | €259,155 | +€69,000 | +36.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €188,300 | €257,300 | +€69,000 | +36.6% |
| Profit (loss) carried forward | 14 | €13,102 | €13,519 | +€417 | +3.2% |
| Amounts payable | 17/49 | €82,288 | €67,948 | -€14,340 | -17.4% |
| Amounts payable within one year | 42/48 | €82,288 | €55,548 | -€26,740 | -32.5% |
| Trade debts | 44 | €29,942 | €1,532 | -€28,410 | -94.9% |
| Suppliers | 440/4 | €29,942 | €1,532 | -€28,410 | -94.9% |
| Taxes, remuneration and social security | 45 | €13,759 | €51,691 | +€37,932 | +275.7% |
| Taxes | 450/3 | €13,759 | €51,691 | +€37,932 | +275.7% |
| Other amounts payable | 47/48 | €38,587 | €2,325 | -€36,262 | -94.0% |
| Accrued charges and deferred income | 492/3 | - | €12,400 | +€12,400 | |
| Turnover | 70 | €493,200 | €500,144 | +€6,943 | +1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €419,653 | €394,395 | -€25,258 | -6.0% |
| Other operating charges | 640/8 | €551 | €466 | -€86 | -15.5% |
| Gross operating margin | 9900 | €73,547 | €105,748 | +€32,201 | +43.8% |
| Operating profit (loss) | 9901 | €72,996 | €105,283 | +€32,287 | +44.2% |
| Financial income | 75/76B | €0 | €2,823 | +€2,823 | +7056575.0% |
| Recurring financial income | 75 | €0 | €2,823 | +€2,823 | +7056575.0% |
| Financial charges | 65/66B | €236 | €3,975 | +€3,739 | +1582.7% |
| Recurring financial charges | 65 | €236 | €3,975 | +€3,739 | +1582.7% |
| Profit (loss) for the period before taxes | 9903 | €72,760 | €104,130 | +€31,371 | +43.1% |
| Income taxes | 67/77 | €23,533 | €34,714 | +€11,181 | +47.5% |
| Profit (loss) for the period | 9904 | €49,227 | €69,417 | +€20,190 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,227 | €69,417 | +€20,190 | +41.0% |
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 12 October 2026 via checked.be.