AGG: 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.
AGG
Largest movements
- Tangible fixed assets +€409,844
up €409,844 (+152.1%), from €269,374 to €679,218
of which Land and buildings: +€423,324
- Cash -€124,760
down €124,760 (-48.8%), from €255,810 to €131,050
mainly Investment in fixed assets (net) (-€463,500) and Receivables within one year (-€71,179)
- Receivables within one year +€71,179
up €71,179 (+40.1%), from €177,589 to €248,768
of which Trade receivables: +€54,606
- Debts after one year +€357,562
up €357,562 (+220.8%), from €161,972 to €519,534
- Tax, wage and social debts -€41,310
down €41,310 (-36.7%), from €112,457 to €71,147
- Reserves +€30,899
up €30,899 (+8.2%), from €375,873 to €406,772
of which Distributable reserves: +€30,899
- Current portion of long-term debt +€20,942
up €20,942 (+128.2%), from €16,333 to €37,276
- Trade debts -€16,658
down €16,658 (-50.3%), from €33,121 to €16,463
- Other operating charges +€59,384
up €59,384 (+2039.9%), from €2,911 to €62,295
- Gross operating margin +€14,914
up €14,914 (+7.0%), from €212,812 to €227,726
- Depreciation +€14,637
up €14,637 (+37.5%), from €39,019 to €53,656
- Financial charges +€7,839
up €7,839 (+195.3%), from €4,013 to €11,852
- Taxes -€5,921
down €5,921 (-18.2%), from €32,544 to €26,623
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.
Cash bridge derived
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 | €710,757 | €1,065,729 | +€354,972 | +49.9% |
| Fixed assets | 21/28 | €269,374 | €679,218 | +€409,844 | +152.1% |
| Tangible fixed assets | 22/27 | €269,374 | €679,218 | +€409,844 | +152.1% |
| Land and buildings | 22 | €191,725 | €615,050 | +€423,324 | +220.8% |
| Plant, machinery and equipment | 23 | €46,490 | €43,970 | -€2,519 | -5.4% |
| Furniture and vehicles | 24 | €14,460 | €9,473 | -€4,987 | -34.5% |
| Other tangible fixed assets | 26 | €16,699 | €10,726 | -€5,973 | -35.8% |
| Current assets | 29/58 | €441,383 | €386,511 | -€54,872 | -12.4% |
| Stocks and contracts in progress | 3 | €2,478 | €2,478 | = | 0.0% |
| Stocks | 30/36 | €2,478 | €2,478 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €177,589 | €248,768 | +€71,179 | +40.1% |
| Trade receivables | 40 | €132,804 | €187,410 | +€54,606 | +41.1% |
| Other amounts receivable | 41 | €44,784 | €61,357 | +€16,573 | +37.0% |
| Cash at bank and in hand | 54/58 | €255,810 | €131,050 | -€124,760 | -48.8% |
| Deferred charges and accrued income | 490/1 | €5,506 | €4,215 | -€1,291 | -23.4% |
| Total equity and liabilities | 10/49 | €710,757 | €1,065,729 | +€354,972 | +49.9% |
| Equity | 10/15 | €376,873 | €407,772 | +€30,899 | +8.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €375,873 | €406,772 | +€30,899 | +8.2% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €375,773 | €406,672 | +€30,899 | +8.2% |
| Amounts payable | 17/49 | €333,884 | €657,957 | +€324,073 | +97.1% |
| Amounts payable after more than one year | 17 | €161,972 | €519,534 | +€357,562 | +220.8% |
| Financial debts | 170/4 | €161,972 | €519,534 | +€357,562 | +220.8% |
| Amounts payable within one year | 42/48 | €171,912 | €136,836 | -€35,076 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €16,333 | €37,276 | +€20,942 | +128.2% |
| Trade debts | 44 | €33,121 | €16,463 | -€16,658 | -50.3% |
| Suppliers | 440/4 | €33,121 | €16,463 | -€16,658 | -50.3% |
| Advances received on contracts in progress | 46 | - | €1,950 | +€1,950 | |
| Taxes, remuneration and social security | 45 | €112,457 | €71,147 | -€41,310 | -36.7% |
| Taxes | 450/3 | €112,457 | €71,147 | -€41,310 | -36.7% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,587 | +€1,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,019 | €53,656 | +€14,637 | +37.5% |
| Other operating charges | 640/8 | €2,911 | €62,295 | +€59,384 | +2039.9% |
| Non-recurring operating charges | 66A | €49,742 | €871 | -€48,871 | -98.2% |
| Gross operating margin | 9900 | €212,812 | €227,726 | +€14,914 | +7.0% |
| Operating profit (loss) | 9901 | €121,140 | €110,904 | -€10,236 | -8.4% |
| Financial income | 75/76B | €3,748 | €2,758 | -€990 | -26.4% |
| Recurring financial income | 75 | €1,308 | €1,956 | +€648 | +49.6% |
| Non-recurring financial income | 76B | €2,440 | €801 | -€1,638 | -67.1% |
| Financial charges | 65/66B | €4,013 | €11,852 | +€7,839 | +195.3% |
| Recurring financial charges | 65 | €4,013 | €11,852 | +€7,839 | +195.3% |
| Profit (loss) for the period before taxes | 9903 | €120,874 | €101,810 | -€19,064 | -15.8% |
| Income taxes | 67/77 | €32,544 | €26,623 | -€5,921 | -18.2% |
| Profit (loss) for the period | 9904 | €88,330 | €75,187 | -€13,143 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,330 | €75,187 | -€13,143 | -14.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.