AGC: 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.
AGC
Largest movements
- Receivables within one year -€638
down €638 (-62.7%), from €1,018 to €379
of which Other amounts receivable: -€995
- Intangible fixed assets -€597
down €597 (-68.4%), from €874 to €276
- Cash +€69
new in 2025: €69
mainly Receivables within one year (+€638) and Depreciation (+€597)
- Profit (loss) carried forward -€743
down €743 (-13.4%), from -€5,528 to -€6,271
- Trade debts -€726
no longer reported in 2025 (was €726)
- Other debts +€382
up €382 (+6.5%), from €5,884 to €6,266
- Short-term financial debts -€80
no longer reported in 2025 (was €80)
- Gross operating margin +€3,733
up €3,733, from -€3,685 to €48
- Purchases and services -€3,685
no longer reported in 2025 (was €3,685)
- Other operating charges -€794
no longer reported in 2025 (was €794)
- Depreciation -€321
down €321 (-34.9%), from €918 to €597
- Financial charges +€62
up €62 (+46.5%), from €132 to €194
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 | €2,161 | €995 | -€1,166 | -54.0% |
| Fixed assets | 21/28 | €1,144 | €546 | -€597 | -52.2% |
| Intangible fixed assets | 21 | €874 | €276 | -€597 | -68.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,018 | €449 | -€569 | -55.9% |
| Amounts receivable within one year | 40/41 | €1,018 | €379 | -€638 | -62.7% |
| Trade receivables | 40 | - | €357 | +€357 | |
| Other amounts receivable | 41 | €1,018 | €22 | -€995 | -97.8% |
| Cash at bank and in hand | 54/58 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €2,161 | €995 | -€1,166 | -54.0% |
| Equity | 10/15 | -€4,528 | -€5,271 | -€743 | -16.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,528 | -€6,271 | -€743 | -13.4% |
| Amounts payable | 17/49 | €6,690 | €6,266 | -€423 | -6.3% |
| Amounts payable within one year | 42/48 | €6,690 | €6,266 | -€423 | -6.3% |
| Financial debts | 43 | €80 | - | -€80 | |
| Credit institutions | 430/8 | €80 | - | -€80 | |
| Trade debts | 44 | €726 | - | -€726 | |
| Suppliers | 440/4 | €726 | - | -€726 | |
| Other amounts payable | 47/48 | €5,884 | €6,266 | +€382 | +6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,685 | - | -€3,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €597 | -€321 | -34.9% |
| Other operating charges | 640/8 | €794 | - | -€794 | |
| Gross operating margin | 9900 | -€3,685 | €48 | +€3,733 | |
| Operating profit (loss) | 9901 | -€5,396 | -€549 | +€4,847 | +89.8% |
| Financial charges | 65/66B | €132 | €194 | +€62 | +46.5% |
| Recurring financial charges | 65 | €132 | €194 | +€62 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,528 | -€743 | +€4,786 | +86.6% |
| Profit (loss) for the period | 9904 | -€5,528 | -€743 | +€4,786 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,528 | -€743 | +€4,786 | +86.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.