AGC Serviglass: 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 Serviglass
Largest movements
- Receivables within one year -€264,763
down €264,763 (-11.7%), from €2.3m to €2.0m
of which Other amounts receivable: -€218,161
- Tangible fixed assets -€82,381
down €82,381 (-44.9%), from €183,496 to €101,115
of which Furniture and vehicles: -€76,649
- Other debts -€134,000
down €134,000 (-65.7%), from €204,000 to €70,000
- Trade debts -€94,198
down €94,198 (-39.0%), from €241,300 to €147,102
- Tax, wage and social debts -€81,017
down €81,017 (-35.6%), from €227,669 to €146,652
of which Taxes: -€72,477
- Gross operating margin -€244,066
down €244,066 (-25.8%), from €947,306 to €703,240
- Taxes -€59,050
down €59,050 (-99.6%), from €59,298 to €248
- Staff costs -€54,618
down €54,618 (-7.5%), from €724,005 to €669,387
- Financial income -€33,580
down €33,580 (-49.9%), from €67,264 to €33,683
- Depreciation -€13,337
down €13,337 (-54.2%), from €24,588 to €11,251
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 | €2,572,253 | €2,241,835 | -€330,418 | -12.8% |
| Fixed assets | 21/28 | €183,645 | €101,264 | -€82,381 | -44.9% |
| Tangible fixed assets | 22/27 | €183,496 | €101,115 | -€82,381 | -44.9% |
| Land and buildings | 22 | €101,398 | €95,925 | -€5,472 | -5.4% |
| Plant, machinery and equipment | 23 | €2,319 | €2,059 | -€260 | -11.2% |
| Furniture and vehicles | 24 | €79,779 | €3,130 | -€76,649 | -96.1% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €2,388,608 | €2,140,571 | -€248,037 | -10.4% |
| Stocks and contracts in progress | 3 | €115,212 | €131,590 | +€16,378 | +14.2% |
| Stocks | 30/36 | €115,212 | €131,590 | +€16,378 | +14.2% |
| Amounts receivable within one year | 40/41 | €2,272,374 | €2,007,611 | -€264,763 | -11.7% |
| Trade receivables | 40 | €241,065 | €194,463 | -€46,602 | -19.3% |
| Other amounts receivable | 41 | €2,031,309 | €1,813,148 | -€218,161 | -10.7% |
| Cash at bank and in hand | 54/58 | €572 | €1,371 | +€800 | +139.9% |
| Deferred charges and accrued income | 490/1 | €451 | - | -€451 | |
| Total equity and liabilities | 10/49 | €2,572,253 | €2,241,835 | -€330,418 | -12.8% |
| Equity | 10/15 | €1,867,799 | €1,850,003 | -€17,796 | -1.0% |
| Contributions | 10/11 | €359,446 | €359,446 | = | 0.0% |
| Capital | 10 | €359,446 | €359,446 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,508,353 | €1,490,557 | -€17,796 | -1.2% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Distributable reserves | 133 | €1,471,169 | €1,453,373 | -€17,796 | -1.2% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €679,454 | €366,832 | -€312,621 | -46.0% |
| Amounts payable within one year | 42/48 | €672,969 | €363,754 | -€309,215 | -45.9% |
| Trade debts | 44 | €241,300 | €147,102 | -€94,198 | -39.0% |
| Suppliers | 440/4 | €241,300 | €147,102 | -€94,198 | -39.0% |
| Taxes, remuneration and social security | 45 | €227,669 | €146,652 | -€81,017 | -35.6% |
| Taxes | 450/3 | €105,664 | €33,186 | -€72,477 | -68.6% |
| Remuneration and social security | 454/9 | €122,006 | €113,466 | -€8,540 | -7.0% |
| Other amounts payable | 47/48 | €204,000 | €70,000 | -€134,000 | -65.7% |
| Accrued charges and deferred income | 492/3 | €6,485 | €3,078 | -€3,407 | -52.5% |
| Non-recurring operating income | 76A | - | €3,557 | +€3,557 | |
| Remuneration, social security and pensions | 62 | €724,005 | €669,387 | -€54,618 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,588 | €11,251 | -€13,337 | -54.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,144 | -€1,751 | +€393 | +18.3% |
| Other operating charges | 640/8 | €10,760 | €3,740 | -€7,020 | -65.2% |
| Gross operating margin | 9900 | €947,306 | €703,240 | -€244,066 | -25.8% |
| Operating profit (loss) | 9901 | €190,097 | €20,612 | -€169,485 | -89.2% |
| Financial income | 75/76B | €67,264 | €33,683 | -€33,580 | -49.9% |
| Recurring financial income | 75 | €67,264 | €33,683 | -€33,580 | -49.9% |
| Financial charges | 65/66B | €2,588 | €1,844 | -€744 | -28.8% |
| Recurring financial charges | 65 | €2,588 | €1,844 | -€744 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €254,772 | €52,452 | -€202,321 | -79.4% |
| Income taxes | 67/77 | €59,298 | €248 | -€59,050 | -99.6% |
| Profit (loss) for the period | 9904 | €195,474 | €52,204 | -€143,270 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €195,474 | €52,204 | -€143,270 | -73.3% |
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 2 October 2026 via checked.be.