AGO CONSTRUCT: 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.
What changed
AGO CONSTRUCT
NACE 78.200, Temporary employment agencies and other provision of personnel
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€778,881
2024 · €387,549+€391,333
Equity
€1.3m
2024 · €1.3m
Cash
€1.6m
2024 · €961,777+€596,246
Balance sheet total
€3.6m
2024 · €3.5m+€107,853
Largest movements
Assets
- Cash +€596,246
up €596,246 (+62.0%), from €961,777 to €1.6m
mainly Net result for the year (+€778,881) and Receivables within one year (+€474,889)
- Receivables within one year -€474,889
down €474,889 (-19.0%), from €2.5m to €2.0m
of which Trade receivables: -€297,960
Equity and liabilities
- Other debts +€378,895
up €378,895 (+94.7%), from €400,039 to €778,934
- Tax, wage and social debts -€245,527
down €245,527 (-17.7%), from €1.4m to €1.1m
of which Remuneration and social security: -€247,197
Income statement
- Turnover -€2.1m
down €2.1m (-10.1%), from €20.9m to €18.8m
- Staff costs -€1.9m
down €1.9m (-10.9%), from €17.2m to €15.3m
- Services and other goods -€293,663
down €293,663 (-10.6%), from €2.8m to €2.5m
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.
Result 2024
€387,549
Turnover
-€2.1m
Other operating income
+€62,362
Services and other goods
+€293,663
Staff costs
+€1.9m
Depreciation
+€2,582
Write-downs
+€80,569
Other operating charges
-€8,889
Other operating items
+€306,369
Financial income
-€12,180
Financial charges
+€9,108
Taxes
-€116,156
Result 2025
€778,881
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.
From operations
+€1.4m
Investment
-€1,919
Financing
-€801,219
Cash 2024
€961,777
From operations (derived)
+€1.4m
Net result for the year
+€778,881
Depreciation
+€14,924
Receivables within one year
+€474,889
Deferred charges and accrued income
+€498
Trade debts
-€3,177
Tax, wage and social debts
-€245,527
Other debts
+€378,895
Investment (derived)
-€1,919
Investment in fixed assets (net)
-€1,919
Financing
-€801,219
Debts after one year
-€22,338
Contributions, distributions and other
-€778,881
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,493,973 | €3,601,826 | +€107,853 | +3.1% |
| Fixed assets | 21/28 | €27,384 | €14,379 | -€13,006 | -47.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €23,199 | €10,194 | -€13,006 | -56.1% |
| Furniture and vehicles | 24 | €16,792 | €7,009 | -€9,783 | -58.3% |
| Other tangible fixed assets | 26 | €6,407 | €3,184 | -€3,223 | -50.3% |
| Financial fixed assets | 28 | €4,185 | €4,185 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,185 | €4,185 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,185 | €4,185 | = | 0.0% |
| Current assets | 29/58 | €3,466,589 | €3,587,448 | +€120,859 | +3.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,500,779 | €2,025,890 | -€474,889 | -19.0% |
| Trade receivables | 40 | €2,280,306 | €1,982,347 | -€297,960 | -13.1% |
| Other amounts receivable | 41 | €220,473 | €43,543 | -€176,930 | -80.3% |
| Cash at bank and in hand | 54/58 | €961,777 | €1,558,023 | +€596,246 | +62.0% |
| Deferred charges and accrued income | 490/1 | €4,033 | €3,535 | -€498 | -12.3% |
| Total equity and liabilities | 10/49 | €3,493,973 | €3,601,826 | +€107,853 | +3.1% |
| Equity | 10/15 | €1,319,258 | €1,319,258 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,257,758 | €1,257,758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,251,608 | €1,251,608 | = | 0.0% |
| Amounts payable | 17/49 | €2,174,716 | €2,282,569 | +€107,853 | +5.0% |
| Amounts payable after more than one year | 17 | €22,338 | €0 | -€22,338 | -100.0% |
| Other amounts payable | 178/9 | €22,338 | €0 | -€22,338 | -100.0% |
| Amounts payable within one year | 42/48 | €2,152,378 | €2,282,569 | +€130,191 | +6.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €367,195 | €364,018 | -€3,177 | -0.9% |
| Suppliers | 440/4 | €367,195 | €364,018 | -€3,177 | -0.9% |
| Taxes, remuneration and social security | 45 | €1,385,144 | €1,139,617 | -€245,527 | -17.7% |
| Taxes | 450/3 | €124,315 | €125,985 | +€1,670 | +1.3% |
| Remuneration and social security | 454/9 | €1,260,829 | €1,013,632 | -€247,197 | -19.6% |
| Other amounts payable | 47/48 | €400,039 | €778,934 | +€378,895 | +94.7% |
| Operating income | 70/76A | €20,981,140 | €18,945,017 | -€2.0m | -9.7% |
| Turnover | 70 | €20,866,870 | €18,767,360 | -€2.1m | -10.1% |
| Other operating income | 74 | €114,269 | €176,631 | +€62,362 | +54.6% |
| Non-recurring operating income | 76A | €0 | €1,026 | +€1,026 | |
| Operating charges | 60/66A | €20,370,881 | €17,824,199 | -€2.5m | -12.5% |
| Services and other goods | 61 | €2,768,149 | €2,474,486 | -€293,663 | -10.6% |
| Remuneration, social security and pensions | 62 | €17,209,619 | €15,336,205 | -€1.9m | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,506 | €14,924 | -€2,582 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,146 | -€52,423 | -€80,569 | |
| Other operating charges | 640/8 | €29,285 | €38,173 | +€8,889 | +30.4% |
| Non-recurring operating charges | 66A | €318,176 | €12,833 | -€305,343 | -96.0% |
| Operating profit (loss) | 9901 | €610,259 | €1,120,819 | +€510,560 | +83.7% |
| Financial income | 75/76B | €21,522 | €9,343 | -€12,180 | -56.6% |
| Recurring financial income | 75 | €21,522 | €9,343 | -€12,180 | -56.6% |
| Income from current assets | 751 | €21,504 | €9,316 | -€12,188 | -56.7% |
| Other financial income | 752/9 | €18 | €27 | +€8 | +45.4% |
| Financial charges | 65/66B | €33,593 | €24,484 | -€9,108 | -27.1% |
| Recurring financial charges | 65 | €33,593 | €24,484 | -€9,108 | -27.1% |
| Debt charges | 650 | €25,541 | €16,409 | -€9,133 | -35.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €4,784 | €3,932 | -€852 | -17.8% |
| Other financial charges | 652/9 | €3,267 | €4,144 | +€876 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €598,188 | €1,105,677 | +€507,489 | +84.8% |
| Income taxes | 67/77 | €210,640 | €326,796 | +€116,156 | +55.1% |
| Taxes | 670/3 | €212,495 | €326,796 | +€114,301 | +53.8% |
| Tax adjustments and reversals of tax provisions | 77 | €1,855 | €0 | -€1,855 | -100.0% |
| Profit (loss) for the period | 9904 | €387,549 | €778,881 | +€391,333 | +101.0% |
| Profit (loss) for the period to be appropriated | 9905 | €387,549 | €778,881 | +€391,333 | +101.0% |
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 6 October 2026 via checked.be.