AGM CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€13,430
down €13,430 (-19.7%), from €68,173 to €54,743
of which Furniture and vehicles: -€7,061
- Receivables within one year +€13,127
up €13,127 (+220.3%), from €5,959 to €19,085
of which Other amounts receivable: +€10,717
- Cash +€2,523
up €2,523 (+13.6%), from €18,571 to €21,094
mainly Depreciation (+€13,430) and Net result for the year (+€11,193)
- Debts after one year -€11,852
down €11,852 (-35.8%), from €33,069 to €21,217
- Profit (loss) carried forward +€11,193
up €11,193 (+49.3%), from -€22,708 to -€11,514
- Tax, wage and social debts +€2,638
up €2,638 (+207.0%), from €1,274 to €3,913
- Gross operating margin +€22,783
up €22,783 (+625.0%), from €3,645 to €26,429
- Financial income +€439
new in 2023: €439
- Financial charges -€429
down €429 (-33.9%), from €1,267 to €838
- Other operating charges +€316
up €316 (+33.0%), from €957 to €1,273
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,702 | €94,923 | +€2,220 | +2.4% |
| Fixed assets | 21/28 | €68,173 | €54,743 | -€13,430 | -19.7% |
| Tangible fixed assets | 22/27 | €68,173 | €54,743 | -€13,430 | -19.7% |
| Plant, machinery and equipment | 23 | €30,943 | €24,882 | -€6,062 | -19.6% |
| Furniture and vehicles | 24 | €28,495 | €21,434 | -€7,061 | -24.8% |
| Other tangible fixed assets | 26 | €1,228 | €921 | -€307 | -25.0% |
| Assets under construction and advance payments | 27 | €7,507 | €7,507 | = | 0.0% |
| Current assets | 29/58 | €24,529 | €40,179 | +€15,650 | +63.8% |
| Amounts receivable within one year | 40/41 | €5,959 | €19,085 | +€13,127 | +220.3% |
| Trade receivables | 40 | €3,010 | €5,420 | +€2,410 | +80.1% |
| Other amounts receivable | 41 | €2,949 | €13,666 | +€10,717 | +363.4% |
| Cash at bank and in hand | 54/58 | €18,571 | €21,094 | +€2,523 | +13.6% |
| Total equity and liabilities | 10/49 | €92,702 | €94,923 | +€2,220 | +2.4% |
| Equity | 10/15 | €45,492 | €56,686 | +€11,193 | +24.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,708 | -€11,514 | +€11,193 | +49.3% |
| Amounts payable | 17/49 | €47,210 | €38,237 | -€8,973 | -19.0% |
| Amounts payable after more than one year | 17 | €33,069 | €21,217 | -€11,852 | -35.8% |
| Financial debts | 170/4 | €33,069 | €21,217 | -€11,852 | -35.8% |
| Amounts payable within one year | 42/48 | €14,141 | €17,020 | +€2,879 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €11,636 | €11,843 | +€207 | +1.8% |
| Trade debts | 44 | €1,230 | €1,264 | +€34 | +2.7% |
| Suppliers | 440/4 | €1,230 | €1,264 | +€34 | +2.7% |
| Taxes, remuneration and social security | 45 | €1,274 | €3,913 | +€2,638 | +207.0% |
| Taxes | 450/3 | €1,274 | €3,913 | +€2,638 | +207.0% |
| Non-recurring operating income | 76A | €415 | - | -€415 | |
| Remuneration, social security and pensions | 62 | €330 | €134 | -€196 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,400 | €13,430 | +€29 | +0.2% |
| Other operating charges | 640/8 | €957 | €1,273 | +€316 | +33.0% |
| Gross operating margin | 9900 | €3,645 | €26,429 | +€22,783 | +625.0% |
| Operating profit (loss) | 9901 | -€11,042 | €11,592 | +€22,634 | |
| Financial income | 75/76B | - | €439 | +€439 | |
| Recurring financial income | 75 | - | €439 | +€439 | |
| Financial charges | 65/66B | €1,267 | €838 | -€429 | -33.9% |
| Recurring financial charges | 65 | €1,267 | €838 | -€429 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,310 | €11,193 | +€23,503 | |
| Income taxes | 67/77 | €125 | - | -€125 | |
| Profit (loss) for the period | 9904 | -€12,435 | €11,193 | +€23,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,435 | €11,193 | +€23,628 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.