AGM AUTO: 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.
AGM AUTO
Largest movements
- Receivables within one year +€11,494
up €11,494 (+151.7%), from €7,577 to €19,071
of which Trade receivables: +€11,492
- Tangible fixed assets +€945
up €945 (+14.9%), from €6,347 to €7,292
of which Furniture and vehicles: +€1,641
- Cash +€757
up €757 (+63.4%), from €1,194 to €1,951
mainly Net result for the year (+€10,862) and Trade debts (+€3,460)
- Formation expenses -€299
down €299 (-49.1%), from €609 to €310
- Deferred charges and accrued income -€291
no longer reported in 2025 (was €291)
- Profit (loss) carried forward +€10,862
up €10,862, from -€2,378 to €8,483
- Trade debts +€3,460
up €3,460 (+68.1%), from €5,081 to €8,541
- Other debts -€3,295
down €3,295 (-65.2%), from €5,050 to €1,755
- Tax, wage and social debts +€2,241
up €2,241 (+47.6%), from €4,704 to €6,945
of which Taxes: +€2,856
- Current portion of long-term debt -€861
no longer reported in 2025 (was €861)
- Staff costs -€8,502
down €8,502 (-95.7%), from €8,882 to €379
- Gross operating margin +€5,194
up €5,194 (+41.2%), from €12,614 to €17,808
- Taxes +€3,040
up €3,040 (+6456.8%), from €47 to €3,087
- Other operating charges +€462
up €462 (+124.9%), from €370 to €832
- Financial income -€383
down €383 (-86.5%), from €443 to €60
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 | €16,018 | €28,624 | +€12,606 | +78.7% |
| Formation expenses | 20 | €609 | €310 | -€299 | -49.1% |
| Fixed assets | 21/28 | €6,347 | €7,292 | +€945 | +14.9% |
| Tangible fixed assets | 22/27 | €6,347 | €7,292 | +€945 | +14.9% |
| Plant, machinery and equipment | 23 | €6,071 | €5,375 | -€696 | -11.5% |
| Furniture and vehicles | 24 | €275 | €1,917 | +€1,641 | +596.0% |
| Current assets | 29/58 | €9,062 | €21,022 | +€11,960 | +132.0% |
| Amounts receivable within one year | 40/41 | €7,577 | €19,071 | +€11,494 | +151.7% |
| Trade receivables | 40 | €7,572 | €19,063 | +€11,492 | +151.8% |
| Other amounts receivable | 41 | €5 | €7 | +€2 | +46.3% |
| Cash at bank and in hand | 54/58 | €1,194 | €1,951 | +€757 | +63.4% |
| Deferred charges and accrued income | 490/1 | €291 | - | -€291 | |
| Total equity and liabilities | 10/49 | €16,018 | €28,624 | +€12,606 | +78.7% |
| Equity | 10/15 | €122 | €10,983 | +€10,862 | +8935.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,378 | €8,483 | +€10,862 | |
| Amounts payable | 17/49 | €15,896 | €17,640 | +€1,744 | +11.0% |
| Amounts payable within one year | 42/48 | €15,896 | €17,640 | +€1,744 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €861 | - | -€861 | |
| Trade debts | 44 | €5,081 | €8,541 | +€3,460 | +68.1% |
| Suppliers | 440/4 | €5,081 | €8,541 | +€3,460 | +68.1% |
| Advances received on contracts in progress | 46 | €200 | €399 | +€199 | +99.5% |
| Taxes, remuneration and social security | 45 | €4,704 | €6,945 | +€2,241 | +47.6% |
| Taxes | 450/3 | €4,089 | €6,945 | +€2,856 | +69.8% |
| Remuneration and social security | 454/9 | €615 | - | -€615 | |
| Other amounts payable | 47/48 | €5,050 | €1,755 | -€3,295 | -65.2% |
| Remuneration, social security and pensions | 62 | €8,882 | €379 | -€8,502 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,659 | €2,583 | -€75 | -2.8% |
| Other operating charges | 640/8 | €370 | €832 | +€462 | +124.9% |
| Gross operating margin | 9900 | €12,614 | €17,808 | +€5,194 | +41.2% |
| Operating profit (loss) | 9901 | €704 | €14,013 | +€13,309 | +1891.2% |
| Financial income | 75/76B | €443 | €60 | -€383 | -86.5% |
| Recurring financial income | 75 | €443 | €60 | -€383 | -86.5% |
| Financial charges | 65/66B | €75 | €124 | +€49 | +65.3% |
| Recurring financial charges | 65 | €75 | €124 | +€49 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €1,071 | €13,949 | +€12,878 | +1202.2% |
| Income taxes | 67/77 | €47 | €3,087 | +€3,040 | +6456.8% |
| Profit (loss) for the period | 9904 | €1,024 | €10,862 | +€9,838 | +960.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,024 | €10,862 | +€9,838 | +960.7% |
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 7 October 2026 via checked.be.