AGS Construction: 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.
AGS Construction
Largest movements
- Receivables within one year +€259,508
up €259,508 (+294.4%), from €88,157 to €347,664
of which Trade receivables: +€263,265
- Cash -€46,711
down €46,711 (-95.7%), from €48,787 to €2,076
mainly Receivables within one year (-€259,508) and Investment in fixed assets (net) (-€18,762)
- Tangible fixed assets +€3,761
up €3,761 (+26.0%), from €14,440 to €18,201
of which Furniture and vehicles: +€3,666
- Profit (loss) carried forward +€167,519
up €167,519, from -€135,178 to €32,341
- Trade debts +€42,819
up €42,819 (+16.4%), from €261,329 to €304,148
- Tax, wage and social debts +€5,707
up €5,707 (+65.2%), from €8,749 to €14,456
of which Taxes: +€3,846
- Gross operating margin +€151,669
up €151,669 (+308.7%), from €49,126 to €200,795
- Taxes +€3,413
up €3,413 (+788.0%), from €433 to €3,846
- Staff costs +€2,045
up €2,045 (+18.4%), from €11,133 to €13,178
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 | €153,500 | €370,049 | +€216,549 | +141.1% |
| Fixed assets | 21/28 | €14,645 | €18,406 | +€3,761 | +25.7% |
| Tangible fixed assets | 22/27 | €14,440 | €18,201 | +€3,761 | +26.0% |
| Plant, machinery and equipment | 23 | €1,158 | €1,252 | +€95 | +8.2% |
| Furniture and vehicles | 24 | €13,282 | €16,948 | +€3,666 | +27.6% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €138,855 | €351,643 | +€212,788 | +153.2% |
| Stocks and contracts in progress | 3 | €1,912 | - | -€1,912 | |
| Stocks | 30/36 | €1,912 | - | -€1,912 | |
| Amounts receivable within one year | 40/41 | €88,157 | €347,664 | +€259,508 | +294.4% |
| Trade receivables | 40 | €79,887 | €343,152 | +€263,265 | +329.5% |
| Other amounts receivable | 41 | €8,270 | €4,513 | -€3,757 | -45.4% |
| Cash at bank and in hand | 54/58 | €48,787 | €2,076 | -€46,711 | -95.7% |
| Deferred charges and accrued income | 490/1 | - | €1,903 | +€1,903 | |
| Total equity and liabilities | 10/49 | €153,500 | €370,049 | +€216,549 | +141.1% |
| Equity | 10/15 | -€116,578 | €50,941 | +€167,519 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,178 | €32,341 | +€167,519 | |
| Amounts payable | 17/49 | €270,078 | €319,108 | +€49,030 | +18.2% |
| Amounts payable within one year | 42/48 | €270,078 | €318,604 | +€48,526 | +18.0% |
| Trade debts | 44 | €261,329 | €304,148 | +€42,819 | +16.4% |
| Suppliers | 440/4 | €261,329 | €304,148 | +€42,819 | +16.4% |
| Taxes, remuneration and social security | 45 | €8,749 | €14,456 | +€5,707 | +65.2% |
| Taxes | 450/3 | €5,116 | €8,961 | +€3,846 | +75.2% |
| Remuneration and social security | 454/9 | €3,633 | €5,495 | +€1,861 | +51.2% |
| Accrued charges and deferred income | 492/3 | - | €504 | +€504 | |
| Remuneration, social security and pensions | 62 | €11,133 | €13,178 | +€2,045 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,108 | €15,002 | +€1,894 | +14.4% |
| Other operating charges | 640/8 | €1,768 | €628 | -€1,140 | -64.5% |
| Gross operating margin | 9900 | €49,126 | €200,795 | +€151,669 | +308.7% |
| Operating profit (loss) | 9901 | €23,117 | €171,987 | +€148,870 | +644.0% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €134 | €713 | +€579 | +431.3% |
| Recurring financial charges | 65 | €134 | €713 | +€579 | +431.3% |
| Profit (loss) for the period before taxes | 9903 | €22,983 | €171,365 | +€148,382 | +645.6% |
| Income taxes | 67/77 | €433 | €3,846 | +€3,413 | +788.0% |
| Profit (loss) for the period | 9904 | €22,550 | €167,519 | +€144,969 | +642.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,550 | €167,519 | +€144,969 | +642.9% |
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.