AGP KINE: 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 KINE
Largest movements
- Cash -€16,425
down €16,425 (-60.9%), from €26,969 to €10,544
mainly Contributions, distributions and other (-€30,000) and Deferred charges and accrued income (-€318)
- Receivables within one year -€7,319
down €7,319 (-58.8%), from €12,437 to €5,118
of which Trade receivables: -€7,554
- Tangible fixed assets -€3,509
down €3,509 (-31.0%), from €11,324 to €7,815
of which Furniture and vehicles: -€2,597
- Profit (loss) carried forward -€28,047
down €28,047 (-63.7%), from €44,054 to €16,007
- Trade debts +€928
up €928 (+97.4%), from €953 to €1,881
- Gross operating margin -€28,155
down €28,155 (-79.0%), from €35,620 to €7,465
- Taxes -€5,823
down €5,823 (-86.9%), from €6,701 to €878
- Depreciation +€843
up €843 (+27.5%), from €3,068 to €3,911
- Financial income -€505
down €505 (-92.3%), from €547 to €42
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.
Derived cash bridge
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 | €54,145 | €26,808 | -€27,337 | -50.5% |
| Formation expenses | 20 | €535 | €134 | -€401 | -75.0% |
| Fixed assets | 21/28 | €12,024 | €8,515 | -€3,509 | -29.2% |
| Tangible fixed assets | 22/27 | €11,324 | €7,815 | -€3,509 | -31.0% |
| Plant, machinery and equipment | 23 | €1,663 | €893 | -€770 | -46.3% |
| Furniture and vehicles | 24 | €8,510 | €5,913 | -€2,597 | -30.5% |
| Other tangible fixed assets | 26 | €1,152 | €1,010 | -€142 | -12.3% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €41,585 | €18,159 | -€23,426 | -56.3% |
| Amounts receivable within one year | 40/41 | €12,437 | €5,118 | -€7,319 | -58.8% |
| Trade receivables | 40 | €10,079 | €2,525 | -€7,554 | -74.9% |
| Other amounts receivable | 41 | €2,358 | €2,593 | +€235 | +10.0% |
| Cash at bank and in hand | 54/58 | €26,969 | €10,544 | -€16,425 | -60.9% |
| Deferred charges and accrued income | 490/1 | €2,179 | €2,497 | +€318 | +14.6% |
| Total equity and liabilities | 10/49 | €54,145 | €26,808 | -€27,337 | -50.5% |
| Equity | 10/15 | €49,054 | €21,007 | -€28,047 | -57.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,054 | €16,007 | -€28,047 | -63.7% |
| Amounts payable | 17/49 | €5,091 | €5,801 | +€711 | +14.0% |
| Amounts payable within one year | 42/48 | €5,091 | €5,801 | +€711 | +14.0% |
| Trade debts | 44 | €953 | €1,881 | +€928 | +97.4% |
| Suppliers | 440/4 | €953 | €1,881 | +€928 | +97.4% |
| Other amounts payable | 47/48 | €4,138 | €3,921 | -€217 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,068 | €3,911 | +€843 | +27.5% |
| Other operating charges | 640/8 | €614 | €635 | +€21 | +3.5% |
| Gross operating margin | 9900 | €35,620 | €7,465 | -€28,155 | -79.0% |
| Operating profit (loss) | 9901 | €31,939 | €2,919 | -€29,020 | -90.9% |
| Financial income | 75/76B | €547 | €42 | -€505 | -92.3% |
| Recurring financial income | 75 | €547 | €42 | -€505 | -92.3% |
| Financial charges | 65/66B | €234 | €131 | -€103 | -44.1% |
| Recurring financial charges | 65 | €234 | €131 | -€103 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €32,253 | €2,831 | -€29,422 | -91.2% |
| Income taxes | 67/77 | €6,701 | €878 | -€5,823 | -86.9% |
| Profit (loss) for the period | 9904 | €25,552 | €1,953 | -€23,599 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,552 | €1,953 | -€23,599 | -92.4% |
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 28 October 2026 via checked.be.