AGR & R: 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 & R
Largest movements
- Tangible fixed assets -€26,265
down €26,265 (-19.9%), from €132,102 to €105,837
of which Furniture and vehicles: -€17,209
- Deferred charges and accrued income -€9,616
down €9,616 (-70.9%), from €13,554 to €3,938
- Receivables within one year +€3,815
up €3,815 (+24.5%), from €15,546 to €19,361
of which Trade receivables: +€4,787
- Cash -€2,757
down €2,757 (-7.3%), from €37,936 to €35,178
mainly Net result for the year (-€27,284) and Debts after one year (-€10,771)
- Reserves -€27,000
down €27,000 (-21.3%), from €126,870 to €99,870
of which Distributable reserves: -€25,140
- Debts after one year -€10,771
down €10,771 (-31.1%), from €34,624 to €23,853
- Tax, wage and social debts +€2,306
up €2,306 (+84.8%), from €2,721 to €5,026
of which Remuneration and social security: +€4,063
- Gross operating margin -€6,524
down €6,524 (-54.7%), from €11,927 to €5,403
- Depreciation +€1,068
up €1,068 (+4.0%), from €26,748 to €27,816
- Financial income -€1,040
down €1,040 (-89.6%), from €1,160 to €120
of which Financial income: -€1,040
- Financial charges -€676
down €676 (-21.5%), from €3,146 to €2,470
- Other operating charges -€143
down €143 (-9.7%), from €1,471 to €1,327
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 | €199,137 | €164,314 | -€34,823 | -17.5% |
| Fixed assets | 21/28 | €132,102 | €105,837 | -€26,265 | -19.9% |
| Tangible fixed assets | 22/27 | €132,102 | €105,837 | -€26,265 | -19.9% |
| Land and buildings | 22 | €25,508 | €18,751 | -€6,756 | -26.5% |
| Plant, machinery and equipment | 23 | €12,230 | €9,930 | -€2,300 | -18.8% |
| Furniture and vehicles | 24 | €69,309 | €52,100 | -€17,209 | -24.8% |
| Other tangible fixed assets | 26 | €25,056 | €25,056 | = | 0.0% |
| Current assets | 29/58 | €67,035 | €58,477 | -€8,558 | -12.8% |
| Amounts receivable within one year | 40/41 | €15,546 | €19,361 | +€3,815 | +24.5% |
| Trade receivables | 40 | €5,883 | €10,671 | +€4,787 | +81.4% |
| Other amounts receivable | 41 | €9,662 | €8,690 | -€972 | -10.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €37,936 | €35,178 | -€2,757 | -7.3% |
| Deferred charges and accrued income | 490/1 | €13,554 | €3,938 | -€9,616 | -70.9% |
| Total equity and liabilities | 10/49 | €199,137 | €164,314 | -€34,823 | -17.5% |
| Equity | 10/15 | €146,346 | €119,063 | -€27,284 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,870 | €99,870 | -€27,000 | -21.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €125,010 | €99,870 | -€25,140 | -20.1% |
| Profit (loss) carried forward | 14 | €876 | €592 | -€284 | -32.4% |
| Amounts payable | 17/49 | €52,791 | €45,251 | -€7,539 | -14.3% |
| Amounts payable after more than one year | 17 | €34,624 | €23,853 | -€10,771 | -31.1% |
| Financial debts | 170/4 | €34,624 | €23,853 | -€10,771 | -31.1% |
| Amounts payable within one year | 42/48 | €18,167 | €21,398 | +€3,232 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €13,324 | €13,732 | +€408 | +3.1% |
| Trade debts | 44 | €2,122 | €2,588 | +€466 | +22.0% |
| Suppliers | 440/4 | €2,122 | €2,588 | +€466 | +22.0% |
| Taxes, remuneration and social security | 45 | €2,721 | €5,026 | +€2,306 | +84.8% |
| Taxes | 450/3 | €1,757 | €0 | -€1,757 | -100% |
| Remuneration and social security | 454/9 | €964 | €5,026 | +€4,063 | +421% |
| Other amounts payable | 47/48 | - | €52 | +€52 | |
| Non-recurring operating income | 76A | €413 | €200 | -€213 | -51.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,748 | €27,816 | +€1,068 | +4.0% |
| Other operating charges | 640/8 | €1,471 | €1,327 | -€143 | -9.7% |
| Gross operating margin | 9900 | €11,927 | €5,403 | -€6,524 | -54.7% |
| Operating profit (loss) | 9901 | -€16,291 | -€23,740 | -€7,449 | -45.7% |
| Financial income | 75/76B | €1,160 | €120 | -€1,040 | -89.6% |
| Recurring financial income | 75 | €1,160 | €120 | -€1,040 | -89.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,146 | €2,470 | -€676 | -21.5% |
| Recurring financial charges | 65 | €3,146 | €2,470 | -€676 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,277 | -€26,090 | -€7,813 | -42.7% |
| Income taxes | 67/77 | €1,269 | €1,194 | -€75 | -5.9% |
| Profit (loss) for the period | 9904 | -€19,546 | -€27,284 | -€7,738 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,546 | -€27,284 | -€7,738 | -39.6% |
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 29 October 2026 via checked.be.