AGM Groupe: what changed
AGM Groupe
Largest movements
- Cash +€36,069
up €36,069 (+149%), from €24,172 to €60,240
mainly Net result for the year (+€140,028) and Tax, wage and social debts (+€89,698)
- Receivables within one year -€18,969
down €18,969 (-3.4%), from €559,496 to €540,527
of which Other amounts receivable: -€15,433
- Trade debts -€141,990
down €141,990 (-35.7%), from €397,284 to €255,294
- Tax, wage and social debts +€89,698
up €89,698 (+154%), from €58,121 to €147,818
of which Taxes: +€84,142
- Profit (loss) carried forward +€66,540
up €66,540 (+40.5%), from €164,398 to €230,938
- Gross operating margin +€226,088
up €226,088 (+51.7%), from €437,339 to €663,427
- Taxes +€149,672
up €149,672 (+317%), from €47,276 to €196,948
- Other operating charges -€55,301
down €55,301 (-94.2%), from €58,707 to €3,407
- Financial income +€53,524
up €53,524 (+464%), from €11,524 to €65,048
of which Non-recurring financial income: +€51,442
- Staff costs +€34,065
up €34,065 (+9.8%), from €346,740 to €380,806
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €659,949 | €674,196 | +€14,247 | +2.2% |
| Fixed assets | 21/28 | €2,724 | €1,117 | -€1,607 | -59.0% |
| Tangible fixed assets | 22/27 | €2,724 | €1,117 | -€1,607 | -59.0% |
| Plant, machinery and equipment | 23 | €2,234 | €1,117 | -€1,117 | -50.0% |
| Furniture and vehicles | 24 | €490 | - | -€490 | |
| Current assets | 29/58 | €657,225 | €673,079 | +€15,854 | +2.4% |
| Stocks and contracts in progress | 3 | €73,557 | €72,312 | -€1,245 | -1.7% |
| Stocks | 30/36 | €73,557 | €72,312 | -€1,245 | -1.7% |
| Amounts receivable within one year | 40/41 | €559,496 | €540,527 | -€18,969 | -3.4% |
| Trade receivables | 40 | €271,949 | €268,412 | -€3,537 | -1.3% |
| Other amounts receivable | 41 | €287,548 | €272,115 | -€15,433 | -5.4% |
| Cash at bank and in hand | 54/58 | €24,172 | €60,240 | +€36,069 | +149% |
| Total equity and liabilities | 10/49 | €659,949 | €674,196 | +€14,247 | +2.2% |
| Equity | 10/15 | €184,858 | €251,398 | +€66,540 | +36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,398 | €230,938 | +€66,540 | +40.5% |
| Amounts payable | 17/49 | €475,091 | €422,798 | -€52,293 | -11.0% |
| Amounts payable within one year | 42/48 | €475,091 | €422,798 | -€52,293 | -11.0% |
| Trade debts | 44 | €397,284 | €255,294 | -€141,990 | -35.7% |
| Suppliers | 440/4 | €397,284 | €255,294 | -€141,990 | -35.7% |
| Advances received on contracts in progress | 46 | €16,316 | €16,316 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €58,121 | €147,818 | +€89,698 | +154% |
| Taxes | 450/3 | €25,706 | €109,848 | +€84,142 | +327% |
| Remuneration and social security | 454/9 | €32,414 | €37,970 | +€5,556 | +17.1% |
| Other amounts payable | 47/48 | €3,370 | €3,370 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €346,740 | €380,806 | +€34,065 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,852 | €1,607 | -€245 | -13.2% |
| Other operating charges | 640/8 | €58,707 | €3,407 | -€55,301 | -94.2% |
| Gross operating margin | 9900 | €437,339 | €663,427 | +€226,088 | +51.7% |
| Operating profit (loss) | 9901 | €30,040 | €277,608 | +€247,568 | +824% |
| Financial income | 75/76B | €11,524 | €65,048 | +€53,524 | +464% |
| Recurring financial income | 75 | €11,524 | €13,606 | +€2,082 | +18.1% |
| Non-recurring financial income | 76B | - | €51,442 | +€51,442 | |
| Financial charges | 65/66B | €4,700 | €5,680 | +€979 | +20.8% |
| Recurring financial charges | 65 | €4,700 | €5,680 | +€979 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €36,864 | €336,976 | +€300,112 | +814% |
| Income taxes | 67/77 | €47,276 | €196,948 | +€149,672 | +317% |
| Profit (loss) for the period | 9904 | -€10,413 | €140,028 | +€150,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,413 | €140,028 | +€150,441 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.