AGS 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.
AGS GROUP
Largest movements
- Cash +€104,357
up €104,357 (+180%), from €58,104 to €162,461
mainly Net result for the year (+€202,789) and Other debts (+€74,705)
- Tangible fixed assets -€37,955
down €37,955 (-4.3%), from €888,162 to €850,207
of which Land and buildings: -€38,632
- Receivables within one year -€36,293
down €36,293 (-36.4%), from €99,814 to €63,521
of which Other amounts receivable: -€20,489
- Other debts +€74,705
up €74,705 (+18.4%), from €405,289 to €479,994
- Debts after one year -€32,475
down €32,475 (-7.0%), from €466,931 to €434,456
- Trade debts -€15,359
down €15,359 (-51.8%), from €29,670 to €14,312
- Gross operating margin +€93,217
up €93,217 (+31.2%), from €299,234 to €392,451
- Depreciation -€61,388
down €61,388 (-59.9%), from €102,431 to €41,043
- Taxes +€36,295
up €36,295 (+126%), from €28,807 to €65,102
- Provisions +€11,242
up €11,242 (+98.8%), from -€11,378 to -€136
- Financial charges +€10,173
up €10,173 (+14.8%), from €68,716 to €78,890
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 | €1,048,840 | €1,077,664 | +€28,824 | +2.7% |
| Fixed assets | 21/28 | €890,922 | €851,017 | -€39,905 | -4.5% |
| Tangible fixed assets | 22/27 | €888,162 | €850,207 | -€37,955 | -4.3% |
| Land and buildings | 22 | €884,653 | €846,021 | -€38,632 | -4.4% |
| Furniture and vehicles | 24 | €3,509 | €4,186 | +€677 | +19.3% |
| Financial fixed assets | 28 | €2,760 | €810 | -€1,950 | -70.7% |
| Current assets | 29/58 | €157,918 | €226,647 | +€68,729 | +43.5% |
| Amounts receivable within one year | 40/41 | €99,814 | €63,521 | -€36,293 | -36.4% |
| Trade receivables | 40 | €58,123 | €42,319 | -€15,804 | -27.2% |
| Other amounts receivable | 41 | €41,691 | €21,202 | -€20,489 | -49.1% |
| Cash at bank and in hand | 54/58 | €58,104 | €162,461 | +€104,357 | +180% |
| Deferred charges and accrued income | 490/1 | - | €665 | +€665 | |
| Total equity and liabilities | 10/49 | €1,048,840 | €1,077,664 | +€28,824 | +2.7% |
| Equity | 10/15 | €28,276 | €21,065 | -€7,211 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,049 | €2,049 | = | 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% |
| Tax-exempt reserves | 132 | €189 | €189 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,627 | €416 | -€7,211 | -94.5% |
| Provisions and deferred taxes | 16 | €45,910 | €45,774 | -€136 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €45,910 | €45,774 | -€136 | -0.3% |
| Other liabilities and charges | 164/5 | €45,910 | €45,774 | -€136 | -0.3% |
| Amounts payable | 17/49 | €974,654 | €1,010,825 | +€36,171 | +3.7% |
| Amounts payable after more than one year | 17 | €466,931 | €434,456 | -€32,475 | -7.0% |
| Financial debts | 170/4 | €466,931 | €434,456 | -€32,475 | -7.0% |
| Amounts payable within one year | 42/48 | €507,722 | €575,370 | +€67,648 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €47,154 | €48,353 | +€1,199 | +2.5% |
| Trade debts | 44 | €29,670 | €14,312 | -€15,359 | -51.8% |
| Suppliers | 440/4 | €29,670 | €14,312 | -€15,359 | -51.8% |
| Taxes, remuneration and social security | 45 | €25,609 | €32,711 | +€7,102 | +27.7% |
| Taxes | 450/3 | €25,609 | €32,711 | +€7,102 | +27.7% |
| Other amounts payable | 47/48 | €405,289 | €479,994 | +€74,705 | +18.4% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,431 | €41,043 | -€61,388 | -59.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,378 | -€136 | +€11,242 | +98.8% |
| Other operating charges | 640/8 | €3,031 | €4,765 | +€1,733 | +57.2% |
| Gross operating margin | 9900 | €299,234 | €392,451 | +€93,217 | +31.2% |
| Operating profit (loss) | 9901 | €205,151 | €346,779 | +€141,628 | +69.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €68,716 | €78,890 | +€10,173 | +14.8% |
| Recurring financial charges | 65 | €68,716 | €78,890 | +€10,173 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €136,434 | €267,891 | +€131,457 | +96.4% |
| Income taxes | 67/77 | €28,807 | €65,102 | +€36,295 | +126% |
| Profit (loss) for the period | 9904 | €107,627 | €202,789 | +€95,161 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €107,627 | €202,789 | +€95,161 | +88.4% |
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 29 October 2026 via checked.be.