AGCon: 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.
AGCon
Largest movements
- Cash +€22,262
up €22,262 (+35.7%), from €62,438 to €84,700
mainly Net result for the year (+€21,175) and Depreciation (+€10,576)
- Tangible fixed assets -€9,182
down €9,182 (-23.3%), from €39,435 to €30,253
of which Furniture and vehicles: -€10,325
- Receivables within one year +€7,447
up €7,447 (+142.9%), from €5,211 to €12,659
of which Trade receivables: +€5,573
- Contributions +€50,000
up €50,000, from €0 to €50,000
- Reserves -€37,770
down €37,770 (-75.5%), from €50,000 to €12,230
- Profit (loss) carried forward +€8,945
up €8,945, from -€8,945 to €0
- Debts after one year -€3,481
down €3,481 (-6.2%), from €56,564 to €53,083
of which Financial debts: -€6,010
- Trade debts +€1,801
up €1,801 (+252.2%), from €714 to €2,515
- Taxes +€6,639
new in 2025: €6,639
- Gross operating margin -€4,865
down €4,865 (-10.4%), from €46,751 to €41,886
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 | €107,084 | €127,611 | +€20,527 | +19.2% |
| Fixed assets | 21/28 | €39,435 | €30,253 | -€9,182 | -23.3% |
| Tangible fixed assets | 22/27 | €39,435 | €30,253 | -€9,182 | -23.3% |
| Plant, machinery and equipment | 23 | - | €1,144 | +€1,144 | |
| Furniture and vehicles | 24 | €39,435 | €29,109 | -€10,325 | -26.2% |
| Current assets | 29/58 | €67,649 | €97,358 | +€29,709 | +43.9% |
| Amounts receivable within one year | 40/41 | €5,211 | €12,659 | +€7,447 | +142.9% |
| Trade receivables | 40 | €5,159 | €10,732 | +€5,573 | +108.0% |
| Other amounts receivable | 41 | €53 | €1,927 | +€1,874 | +3553.7% |
| Cash at bank and in hand | 54/58 | €62,438 | €84,700 | +€22,262 | +35.7% |
| Total equity and liabilities | 10/49 | €107,084 | €127,611 | +€20,527 | +19.2% |
| Equity | 10/15 | €41,055 | €62,230 | +€21,175 | +51.6% |
| Contributions | 10/11 | €0 | €50,000 | +€50,000 | |
| Reserves | 13 | €50,000 | €12,230 | -€37,770 | -75.5% |
| Distributable reserves | 133 | €50,000 | €12,230 | -€37,770 | -75.5% |
| Profit (loss) carried forward | 14 | -€8,945 | €0 | +€8,945 | |
| Amounts payable | 17/49 | €66,029 | €65,381 | -€648 | -1.0% |
| Amounts payable after more than one year | 17 | €56,564 | €53,083 | -€3,481 | -6.2% |
| Financial debts | 170/4 | €18,300 | €12,290 | -€6,010 | -32.8% |
| Other amounts payable | 178/9 | €38,264 | €40,793 | +€2,529 | +6.6% |
| Amounts payable within one year | 42/48 | €9,465 | €12,299 | +€2,834 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €5,750 | €6,010 | +€260 | +4.5% |
| Trade debts | 44 | €714 | €2,515 | +€1,801 | +252.2% |
| Suppliers | 440/4 | €714 | €2,515 | +€1,801 | +252.2% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,773 | +€773 | +25.8% |
| Taxes | 450/3 | €3,000 | €3,773 | +€773 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,325 | €10,576 | +€251 | +2.4% |
| Other operating charges | 640/8 | €777 | €862 | +€85 | +10.9% |
| Gross operating margin | 9900 | €46,751 | €41,886 | -€4,865 | -10.4% |
| Operating profit (loss) | 9901 | €35,648 | €30,447 | -€5,201 | -14.6% |
| Financial charges | 65/66B | €3,011 | €2,633 | -€378 | -12.5% |
| Recurring financial charges | 65 | €3,011 | €2,633 | -€378 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €32,637 | €27,815 | -€4,823 | -14.8% |
| Income taxes | 67/77 | - | €6,639 | +€6,639 | |
| Profit (loss) for the period | 9904 | €32,637 | €21,175 | -€11,462 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,637 | €21,175 | -€11,462 | -35.1% |
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 8 October 2026 via checked.be.