AGDB: 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.
AGDB
Largest movements
- Financial fixed assets +€506,500
up €506,500 (+248%), from €204,250 to €710,750
- Receivables within one year +€106,081
up €106,081 (+76.8%), from €138,145 to €244,227
of which Other amounts receivable: +€92,992
- Tangible fixed assets -€74,002
down €74,002 (-46.8%), from €158,150 to €84,148
of which Other tangible fixed assets: -€44,599
- Debts after one year +€554,588
up €554,588 (+511%), from €108,493 to €663,081
- Advances received -€106,911
no longer reported in 2024 (was €106,911)
- Current portion of long-term debt +€72,776
up €72,776 (+7,064%), from €1,030 to €73,806
- Other debts +€41,545
new in 2024: €41,545
- Profit (loss) carried forward -€13,083
down €13,083 (-16.0%), from €81,700 to €68,617
- Gross operating margin -€331,309
down €331,309 (-78.5%), from €421,970 to €90,661
- Staff costs -€65,558
down €65,558 (-95.0%), from €68,978 to €3,419
- Taxes -€13,479
down €13,479 (-89.9%), from €15,000 to €1,521
- Depreciation -€9,052
down €9,052 (-23.5%), from €38,455 to €29,403
- Other operating charges -€5,045
down €5,045 (-63.2%), from €7,981 to €2,936
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 | €619,624 | €1,162,842 | +€543,218 | +87.7% |
| Fixed assets | 21/28 | €362,400 | €794,898 | +€432,498 | +119% |
| Tangible fixed assets | 22/27 | €158,150 | €84,148 | -€74,002 | -46.8% |
| Furniture and vehicles | 24 | €113,551 | €84,148 | -€29,403 | -25.9% |
| Other tangible fixed assets | 26 | €44,599 | - | -€44,599 | |
| Financial fixed assets | 28 | €204,250 | €710,750 | +€506,500 | +248% |
| Current assets | 29/58 | €257,224 | €367,944 | +€110,720 | +43.0% |
| Amounts receivable within one year | 40/41 | €138,145 | €244,227 | +€106,081 | +76.8% |
| Trade receivables | 40 | €121,911 | €135,000 | +€13,089 | +10.7% |
| Other amounts receivable | 41 | €16,234 | €109,227 | +€92,992 | +573% |
| Cash at bank and in hand | 54/58 | €119,079 | €123,425 | +€4,346 | +3.6% |
| Deferred charges and accrued income | 490/1 | - | €293 | +€293 | |
| Total equity and liabilities | 10/49 | €619,624 | €1,162,842 | +€543,218 | +87.7% |
| Equity | 10/15 | €311,901 | €306,050 | -€5,851 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €224,001 | €231,233 | +€7,232 | +3.2% |
| Non-distributable reserves | 130/1 | €38 | €38 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38 | €38 | = | 0.0% |
| Tax-exempt reserves | 132 | €223,963 | €231,194 | +€7,232 | +3.2% |
| Profit (loss) carried forward | 14 | €81,700 | €68,617 | -€13,083 | -16.0% |
| Provisions and deferred taxes | 16 | €74,654 | €77,065 | +€2,411 | +3.2% |
| Deferred taxes | 168 | €74,654 | €77,065 | +€2,411 | +3.2% |
| Amounts payable | 17/49 | €233,069 | €779,728 | +€546,659 | +235% |
| Amounts payable after more than one year | 17 | €108,493 | €663,081 | +€554,588 | +511% |
| Financial debts | 170/4 | €108,493 | €663,081 | +€554,588 | +511% |
| Amounts payable within one year | 42/48 | €115,929 | €116,647 | +€719 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €1,030 | €73,806 | +€72,776 | +7,064% |
| Financial debts | 43 | €101 | - | -€101 | |
| Credit institutions | 430/8 | €101 | - | -€101 | |
| Trade debts | 44 | €7,387 | €629 | -€6,758 | -91.5% |
| Suppliers | 440/4 | €7,387 | €629 | -€6,758 | -91.5% |
| Advances received on contracts in progress | 46 | €106,911 | - | -€106,911 | |
| Taxes, remuneration and social security | 45 | €500 | €667 | +€167 | +33.5% |
| Taxes | 450/3 | - | €667 | +€667 | |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | - | €41,545 | +€41,545 | |
| Accrued charges and deferred income | 492/3 | €8,648 | - | -€8,648 | |
| Non-recurring operating income | 76A | €303,677 | €9,148 | -€294,530 | -97.0% |
| Remuneration, social security and pensions | 62 | €68,978 | €3,419 | -€65,558 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,455 | €29,403 | -€9,052 | -23.5% |
| Other operating charges | 640/8 | €7,981 | €2,936 | -€5,045 | -63.2% |
| Non-recurring operating charges | 66A | - | €49,599 | +€49,599 | |
| Gross operating margin | 9900 | €421,970 | €90,661 | -€331,309 | -78.5% |
| Operating profit (loss) | 9901 | €306,556 | €5,303 | -€301,253 | -98.3% |
| Financial income | 75/76B | - | €4,988 | +€4,988 | |
| Recurring financial income | 75 | - | €4,988 | +€4,988 | |
| Financial charges | 65/66B | €9,723 | €12,521 | +€2,798 | +28.8% |
| Recurring financial charges | 65 | €9,723 | €12,521 | +€2,798 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €296,833 | -€2,230 | -€299,063 | |
| Transfer from deferred taxes | 780 | €2,333 | - | -€2,333 | |
| Transfer to deferred taxes | 680 | €76,987 | €2,333 | -€74,654 | -97.0% |
| Income taxes | 67/77 | €15,000 | €1,521 | -€13,479 | -89.9% |
| Profit (loss) for the period | 9904 | €207,179 | -€6,084 | -€213,263 | |
| Transfer from tax-exempt reserves | 789 | €6,999 | - | -€6,999 | |
| Transfer to tax-exempt reserves | 689 | €230,962 | €6,999 | -€223,963 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,784 | -€13,083 | +€3,701 | +22.1% |
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 22 October 2026 via checked.be.