AGP2020: 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.
AGP2020
Largest movements
- Tangible fixed assets -€1,726
down €1,726 (-42.9%), from €4,028 to €2,302
- Cash +€388
up €388 (+56.4%), from €688 to €1,075
mainly Trade debts (+€3,613) and Other debts (+€3,065)
- Profit (loss) carried forward -€8,172
down €8,172 (-8.9%), from -€92,151 to -€100,323
- Trade debts +€3,613
new in 2025: €3,613
- Other debts +€3,065
up €3,065 (+56.1%), from €5,467 to €8,532
- Gross operating margin +€7,497
up €7,497 (+54.6%), from -€13,743 to -€6,246
- Depreciation +€1,726
new in 2025: €1,726
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 | €19,756 | €18,262 | -€1,494 | -7.6% |
| Fixed assets | 21/28 | €9,028 | €7,302 | -€1,726 | -19.1% |
| Intangible fixed assets | 21 | €5,000 | €5,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,028 | €2,302 | -€1,726 | -42.9% |
| Plant, machinery and equipment | 23 | €4,028 | €2,302 | -€1,726 | -42.9% |
| Current assets | 29/58 | €10,728 | €10,960 | +€232 | +2.2% |
| Amounts receivable within one year | 40/41 | €10,040 | €9,885 | -€155 | -1.5% |
| Other amounts receivable | 41 | €10,040 | €9,885 | -€155 | -1.5% |
| Cash at bank and in hand | 54/58 | €688 | €1,075 | +€388 | +56.4% |
| Total equity and liabilities | 10/49 | €19,756 | €18,262 | -€1,494 | -7.6% |
| Equity | 10/15 | €14,289 | €6,117 | -€8,172 | -57.2% |
| Contributions | 10/11 | €106,440 | €106,440 | = | 0.0% |
| Capital | 10 | €106,440 | €106,440 | = | 0.0% |
| Issued capital | 100 | €106,440 | €106,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,151 | -€100,323 | -€8,172 | -8.9% |
| Amounts payable | 17/49 | €5,467 | €12,145 | +€6,678 | +122.2% |
| Amounts payable within one year | 42/48 | €5,467 | €12,145 | +€6,678 | +122.2% |
| Trade debts | 44 | - | €3,613 | +€3,613 | |
| Suppliers | 440/4 | - | €3,613 | +€3,613 | |
| Other amounts payable | 47/48 | €5,467 | €8,532 | +€3,065 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,726 | +€1,726 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€13,743 | -€6,246 | +€7,497 | +54.6% |
| Operating profit (loss) | 9901 | -€13,743 | -€8,022 | +€5,721 | +41.6% |
| Financial charges | 65/66B | €137 | €150 | +€13 | +9.6% |
| Recurring financial charges | 65 | €137 | €150 | +€13 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,880 | -€8,172 | +€5,708 | +41.1% |
| Profit (loss) for the period | 9904 | -€13,880 | -€8,172 | +€5,708 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,880 | -€8,172 | +€5,708 | +41.1% |
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 10 October 2026 via checked.be.