AGC Finance: what changed
AGC Finance
Largest movements
- Cash +€38,964
up €38,964 (+462%), from €8,438 to €47,402
mainly Net result for the year (+€35,800) and Tax, wage and social debts (+€3,818)
- Receivables within one year -€2,670
no longer reported in 2025 (was €2,670)
- Formation expenses -€736
down €736 (-23.3%), from €3,153 to €2,418
- Tangible fixed assets -€562
down €562 (-42.9%), from €1,311 to €749
- Reserves +€35,800
new in 2025: €35,800
- Tax, wage and social debts +€3,818
new in 2025: €3,818
- Other debts -€3,514
down €3,514 (-88.2%), from €3,982 to €469
- Accrued charges and deferred income -€920
down €920 (-76.8%), from €1,198 to €278
- Gross operating margin +€46,343
up €46,343 (+544%), from €8,523 to €54,866
- Taxes +€14,971
up €14,971 (+643%), from €2,330 to €17,301
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,572 | €50,568 | +€34,997 | +225% |
| Formation expenses | 20 | €3,153 | €2,418 | -€736 | -23.3% |
| Fixed assets | 21/28 | €1,311 | €749 | -€562 | -42.9% |
| Tangible fixed assets | 22/27 | €1,311 | €749 | -€562 | -42.9% |
| Furniture and vehicles | 24 | €1,311 | €749 | -€562 | -42.9% |
| Current assets | 29/58 | €11,108 | €47,402 | +€36,294 | +327% |
| Amounts receivable within one year | 40/41 | €2,670 | - | -€2,670 | |
| Other amounts receivable | 41 | €2,670 | - | -€2,670 | |
| Cash at bank and in hand | 54/58 | €8,438 | €47,402 | +€38,964 | +462% |
| Total equity and liabilities | 10/49 | €15,572 | €50,568 | +€34,997 | +225% |
| Equity | 10/15 | €10,005 | €45,804 | +€35,800 | +358% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €35,800 | +€35,800 | |
| Distributable reserves | 133 | - | €35,800 | +€35,800 | |
| Profit (loss) carried forward | 14 | €5,005 | €5,005 | = | 0.0% |
| Amounts payable | 17/49 | €5,567 | €4,764 | -€803 | -14.4% |
| Amounts payable within one year | 42/48 | €4,370 | €4,486 | +€116 | +2.7% |
| Trade debts | 44 | €387 | €200 | -€188 | -48.5% |
| Suppliers | 440/4 | €387 | €200 | -€188 | -48.5% |
| Taxes, remuneration and social security | 45 | - | €3,818 | +€3,818 | |
| Taxes | 450/3 | - | €3,818 | +€3,818 | |
| Other amounts payable | 47/48 | €3,982 | €469 | -€3,514 | -88.2% |
| Accrued charges and deferred income | 492/3 | €1,198 | €278 | -€920 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €899 | €1,297 | +€398 | +44.3% |
| Gross operating margin | 9900 | €8,523 | €54,866 | +€46,343 | +544% |
| Operating profit (loss) | 9901 | €7,624 | €53,569 | +€45,945 | +603% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €289 | €468 | +€179 | +61.9% |
| Recurring financial charges | 65 | €289 | €468 | +€179 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €7,334 | €53,101 | +€45,766 | +624% |
| Income taxes | 67/77 | €2,330 | €17,301 | +€14,971 | +643% |
| Profit (loss) for the period | 9904 | €5,005 | €35,800 | +€30,795 | +615% |
| Profit (loss) for the period to be appropriated | 9905 | €5,005 | €35,800 | +€30,795 | +615% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.