AGR-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.
AGR-Group
Largest movements
- Receivables within one year +€29,270
up €29,270 (+139%), from €21,049 to €50,319
of which Trade receivables: +€26,966
- Cash +€21,458
up €21,458 (+67.6%), from €31,751 to €53,209
mainly Net result for the year (+€29,700) and Depreciation (+€24,501)
- Tangible fixed assets -€16,974
down €16,974 (-21.3%), from €79,814 to €62,840
of which Furniture and vehicles: -€14,268
- Stocks and contracts -€11,604
down €11,604 (-24.6%), from €47,260 to €35,656
of which Contracts in progress: -€12,000
- Profit (loss) carried forward +€29,700
up €29,700 (+56.5%), from -€52,591 to -€22,891
- Other debts -€15,780
down €15,780 (-22.0%), from €71,694 to €55,914
- Trade debts +€12,869
new in 2025: €12,869
- Debts after one year -€8,483
down €8,483 (-32.6%), from €25,992 to €17,508
- Tax, wage and social debts +€3,947
up €3,947 (+27.8%), from €14,208 to €18,154
of which Remuneration and social security: +€2,586
- Gross operating margin +€26,008
up €26,008 (+30.2%), from €86,080 to €112,088
- Taxes -€10,110
down €10,110 (-45.6%), from €22,148 to €12,039
- Staff costs +€4,721
up €4,721 (+12.2%), from €38,709 to €43,430
- Depreciation +€3,098
up €3,098 (+14.5%), from €21,403 to €24,501
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 | €179,875 | €203,288 | +€23,413 | +13.0% |
| Fixed assets | 21/28 | €79,814 | €62,840 | -€16,974 | -21.3% |
| Tangible fixed assets | 22/27 | €79,814 | €62,840 | -€16,974 | -21.3% |
| Plant, machinery and equipment | 23 | €20,199 | €17,493 | -€2,705 | -13.4% |
| Furniture and vehicles | 24 | €59,615 | €45,347 | -€14,268 | -23.9% |
| Current assets | 29/58 | €100,061 | €140,448 | +€40,387 | +40.4% |
| Stocks and contracts in progress | 3 | €47,260 | €35,656 | -€11,604 | -24.6% |
| Stocks | 30/36 | €5,150 | €5,546 | +€396 | +7.7% |
| Contracts in progress | 37 | €42,110 | €30,110 | -€12,000 | -28.5% |
| Amounts receivable within one year | 40/41 | €21,049 | €50,319 | +€29,270 | +139% |
| Trade receivables | 40 | €15,307 | €42,273 | +€26,966 | +176% |
| Other amounts receivable | 41 | €5,743 | €8,046 | +€2,304 | +40.1% |
| Cash at bank and in hand | 54/58 | €31,751 | €53,209 | +€21,458 | +67.6% |
| Deferred charges and accrued income | 490/1 | - | €1,264 | +€1,264 | |
| Total equity and liabilities | 10/49 | €179,875 | €203,288 | +€23,413 | +13.0% |
| Equity | 10/15 | €59,076 | €88,776 | +€29,700 | +50.3% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Contributions outside capital | 11 | €6,400 | €6,400 | = | 0.0% |
| Other | 1109/19 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €105,267 | €105,267 | = | 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% |
| Distributable reserves | 133 | €103,407 | €103,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,591 | -€22,891 | +€29,700 | +56.5% |
| Amounts payable | 17/49 | €120,799 | €114,512 | -€6,287 | -5.2% |
| Amounts payable after more than one year | 17 | €25,992 | €17,508 | -€8,483 | -32.6% |
| Financial debts | 170/4 | €25,992 | €17,508 | -€8,483 | -32.6% |
| Amounts payable within one year | 42/48 | €94,807 | €97,004 | +€2,196 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €8,905 | €10,066 | +€1,161 | +13.0% |
| Trade debts | 44 | - | €12,869 | +€12,869 | |
| Suppliers | 440/4 | - | €12,869 | +€12,869 | |
| Taxes, remuneration and social security | 45 | €14,208 | €18,154 | +€3,947 | +27.8% |
| Taxes | 450/3 | €3,431 | €4,791 | +€1,360 | +39.7% |
| Remuneration and social security | 454/9 | €10,777 | €13,364 | +€2,586 | +24.0% |
| Other amounts payable | 47/48 | €71,694 | €55,914 | -€15,780 | -22.0% |
| Remuneration, social security and pensions | 62 | €38,709 | €43,430 | +€4,721 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,403 | €24,501 | +€3,098 | +14.5% |
| Other operating charges | 640/8 | €1,306 | €1,419 | +€113 | +8.7% |
| Gross operating margin | 9900 | €86,080 | €112,088 | +€26,008 | +30.2% |
| Operating profit (loss) | 9901 | €24,662 | €42,738 | +€18,076 | +73.3% |
| Financial income | 75/76B | €85 | €931 | +€846 | +993% |
| Recurring financial income | 75 | €85 | €931 | +€846 | +993% |
| Financial charges | 65/66B | €1,444 | €1,931 | +€487 | +33.7% |
| Recurring financial charges | 65 | €1,444 | €1,931 | +€487 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €23,304 | €41,739 | +€18,435 | +79.1% |
| Income taxes | 67/77 | €22,148 | €12,039 | -€10,110 | -45.6% |
| Profit (loss) for the period | 9904 | €1,155 | €29,700 | +€28,545 | +2,470% |
| Profit (loss) for the period to be appropriated | 9905 | €1,155 | €29,700 | +€28,545 | +2,470% |
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 26 October 2026 via checked.be.