AGP Group: what changed
Two financial 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.
AGP Group
Largest movements
- Deferred charges and accrued income +€17,889
up €17,889 (+4415.4%), from €405 to €18,295
- Tangible fixed assets -€6,033
down €6,033 (-32.5%), from €18,583 to €12,550
of which Furniture and vehicles: -€6,450
- Cash +€2,769
up €2,769 (+200.5%), from €1,381 to €4,150
mainly Trade debts (+€62,093) and Depreciation (+€6,488)
- Trade debts +€62,093
up €62,093 (+293.3%), from €21,172 to €83,265
- Other debts -€16,563
no longer reported in 2025 (was €16,563)
- Current portion of long-term debt -€14,411
down €14,411 (-92.6%), from €15,565 to €1,154
- Profit (loss) carried forward -€13,934
down €13,934 (-26.4%), from €52,770 to €38,835
- Debts after one year -€2,258
no longer reported in 2025 (was €2,258)
- Gross operating margin -€70,531
down €70,531, from €68,838 to -€1,693
- Staff costs -€13,617
no longer reported in 2025 (was €13,617)
- Taxes -€6,578
down €6,578 (-97.9%), from €6,720 to €142
- Other operating charges -€3,269
down €3,269 (-38.2%), from €8,564 to €5,296
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 | €136,608 | €150,575 | +€13,967 | +10.2% |
| Fixed assets | 21/28 | €53,593 | €47,560 | -€6,033 | -11.3% |
| Tangible fixed assets | 22/27 | €18,583 | €12,550 | -€6,033 | -32.5% |
| Plant, machinery and equipment | 23 | - | €417 | +€417 | |
| Furniture and vehicles | 24 | €18,583 | €12,133 | -€6,450 | -34.7% |
| Financial fixed assets | 28 | €35,010 | €35,010 | = | 0.0% |
| Current assets | 29/58 | €83,015 | €103,015 | +€20,001 | +24.1% |
| Amounts receivable within one year | 40/41 | €81,228 | €80,571 | -€657 | -0.8% |
| Trade receivables | 40 | €73,755 | €35,671 | -€38,084 | -51.6% |
| Other amounts receivable | 41 | €7,473 | €44,900 | +€37,426 | +500.8% |
| Cash at bank and in hand | 54/58 | €1,381 | €4,150 | +€2,769 | +200.5% |
| Deferred charges and accrued income | 490/1 | €405 | €18,295 | +€17,889 | +4415.4% |
| Total equity and liabilities | 10/49 | €136,608 | €150,575 | +€13,967 | +10.2% |
| Equity | 10/15 | €73,230 | €59,295 | -€13,934 | -19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €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 | €52,770 | €38,835 | -€13,934 | -26.4% |
| Amounts payable | 17/49 | €63,378 | €91,280 | +€27,902 | +44.0% |
| Amounts payable after more than one year | 17 | €2,258 | - | -€2,258 | |
| Financial debts | 170/4 | €2,258 | - | -€2,258 | |
| Amounts payable within one year | 42/48 | €61,120 | €91,280 | +€30,160 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €15,565 | €1,154 | -€14,411 | -92.6% |
| Trade debts | 44 | €21,172 | €83,265 | +€62,093 | +293.3% |
| Suppliers | 440/4 | €21,172 | €83,265 | +€62,093 | +293.3% |
| Taxes, remuneration and social security | 45 | €7,821 | €6,861 | -€959 | -12.3% |
| Taxes | 450/3 | €6,720 | €6,861 | +€142 | +2.1% |
| Remuneration and social security | 454/9 | €1,101 | - | -€1,101 | |
| Other amounts payable | 47/48 | €16,563 | - | -€16,563 | |
| Remuneration, social security and pensions | 62 | €13,617 | - | -€13,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,748 | €6,488 | -€260 | -3.9% |
| Other operating charges | 640/8 | €8,564 | €5,296 | -€3,269 | -38.2% |
| Gross operating margin | 9900 | €68,838 | -€1,693 | -€70,531 | |
| Operating profit (loss) | 9901 | €39,909 | -€13,477 | -€53,386 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €857 | €316 | -€541 | -63.2% |
| Recurring financial charges | 65 | €857 | €316 | -€541 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €39,052 | -€13,793 | -€52,845 | |
| Income taxes | 67/77 | €6,720 | €142 | -€6,578 | -97.9% |
| Profit (loss) for the period | 9904 | €32,332 | -€13,934 | -€46,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,332 | -€13,934 | -€46,266 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.