AGC AUDIO: 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 AUDIO
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+284%), from €789,243 to €3.0m
- Current investments -€1.1m
down €1.1m (-96.8%), from €1.2m to €38,212
- Cash -€723,167
down €723,167 (-87.1%), from €830,480 to €107,313
mainly Receivables within one year (-€2.2m) and Investment in fixed assets (net) (-€40,500)
- Reserves +€398,000
up €398,000 (+16.7%), from €2.4m to €2.8m
of which Distributable reserves: +€398,000
- Tax, wage and social debts +€40,037
up €40,037 (+46.2%), from €86,631 to €126,668
of which Taxes: +€43,208
- Financial income +€285,528
up €285,528 (+463%), from €61,646 to €347,174
- Financial charges -€181,704
down €181,704, from €3,498 to -€178,206
- Taxes +€118,221
up €118,221 (+337,967%), from €35 to €118,256
- Gross operating margin +€45,083
up €45,083, from -€43,782 to €1,301
- Staff costs -€16,390
down €16,390, from €15,750 to -€640
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 | €2,874,955 | €3,308,757 | +€433,802 | +15.1% |
| Fixed assets | 21/28 | €54,345 | €84,852 | +€30,507 | +56.1% |
| Tangible fixed assets | 22/27 | €54,345 | €84,852 | +€30,507 | +56.1% |
| Furniture and vehicles | 24 | €54,345 | €84,852 | +€30,507 | +56.1% |
| Current assets | 29/58 | €2,820,610 | €3,223,905 | +€403,295 | +14.3% |
| Amounts receivable within one year | 40/41 | €789,243 | €3,032,184 | +€2.2m | +284% |
| Other amounts receivable | 41 | €789,243 | €3,032,184 | +€2.2m | +284% |
| Current investments | 50/53 | €1,183,575 | €38,212 | -€1.1m | -96.8% |
| Cash at bank and in hand | 54/58 | €830,480 | €107,313 | -€723,167 | -87.1% |
| Deferred charges and accrued income | 490/1 | €17,312 | €46,196 | +€28,884 | +167% |
| Total equity and liabilities | 10/49 | €2,874,955 | €3,308,757 | +€433,802 | +15.1% |
| Equity | 10/15 | €2,769,990 | €3,168,911 | +€398,921 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,385,860 | €2,783,860 | +€398,000 | +16.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,384,000 | €2,782,000 | +€398,000 | +16.7% |
| Profit (loss) carried forward | 14 | €365,530 | €366,451 | +€921 | +0.3% |
| Amounts payable | 17/49 | €104,965 | €139,847 | +€34,881 | +33.2% |
| Amounts payable within one year | 42/48 | €104,965 | €139,847 | +€34,881 | +33.2% |
| Financial debts | 43 | €2,406 | €2,168 | -€237 | -9.9% |
| Other loans | 439 | €2,406 | €2,168 | -€237 | -9.9% |
| Trade debts | 44 | €15,928 | €11,010 | -€4,918 | -30.9% |
| Suppliers | 440/4 | €15,928 | €11,010 | -€4,918 | -30.9% |
| Taxes, remuneration and social security | 45 | €86,631 | €126,668 | +€40,037 | +46.2% |
| Taxes | 450/3 | €83,460 | €126,668 | +€43,208 | +51.8% |
| Remuneration and social security | 454/9 | €3,171 | - | -€3,171 | |
| Remuneration, social security and pensions | 62 | €15,750 | -€640 | -€16,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731 | €9,993 | +€9,262 | +1,267% |
| Other operating charges | 640/8 | €2,771 | €152 | -€2,620 | -94.5% |
| Gross operating margin | 9900 | -€43,782 | €1,301 | +€45,083 | |
| Operating profit (loss) | 9901 | -€63,035 | -€8,203 | +€54,832 | +87.0% |
| Financial income | 75/76B | €61,646 | €347,174 | +€285,528 | +463% |
| Recurring financial income | 75 | €61,646 | €347,174 | +€285,528 | +463% |
| Financial charges | 65/66B | €3,498 | -€178,206 | -€181,704 | |
| Recurring financial charges | 65 | €3,498 | -€178,206 | -€181,704 | |
| Profit (loss) for the period before taxes | 9903 | -€4,886 | €517,177 | +€522,063 | |
| Income taxes | 67/77 | €35 | €118,256 | +€118,221 | +337,967% |
| Profit (loss) for the period | 9904 | -€4,921 | €398,921 | +€403,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,921 | €398,921 | +€403,842 |
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 16 October 2026 via checked.be.