AGS RENOV: 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 RENOV
Largest movements
- Cash +€24,863
up €24,863 (+154%), from €16,099 to €40,963
mainly Net result for the year (+€31,994) and Depreciation (+€19,284)
- Tangible fixed assets -€19,284
down €19,284 (-38.3%), from €50,406 to €31,123
- Receivables within one year +€7,278
up €7,278 (+22.8%), from €31,882 to €39,160
of which Trade receivables: +€9,393
- Deferred charges and accrued income +€1,375
up €1,375 (+169%), from €813 to €2,188
- Profit (loss) carried forward +€31,994
up €31,994 (+791%), from €4,045 to €36,038
- Trade debts -€11,303
down €11,303 (-80.4%), from €14,067 to €2,764
- Tax, wage and social debts +€10,805
up €10,805 (+910%), from €1,188 to €11,993
- Debts after one year -€5,961
down €5,961 (-85.5%), from €6,969 to €1,007
- Accrued charges and deferred income -€5,884
no longer reported in 2025 (was €5,884)
- Gross operating margin +€57,306
up €57,306 (+171%), from €33,443 to €90,749
- Other operating charges +€20,212
up €20,212 (+319%), from €6,343 to €26,554
- Taxes +€9,657
up €9,657 (+1,446%), from €668 to €10,325
- Depreciation +€3,626
up €3,626 (+23.2%), from €15,658 to €19,284
- Financial charges +€1,446
up €1,446 (+124%), from €1,169 to €2,615
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 | €99,201 | €113,433 | +€14,233 | +14.3% |
| Fixed assets | 21/28 | €50,406 | €31,123 | -€19,284 | -38.3% |
| Tangible fixed assets | 22/27 | €50,406 | €31,123 | -€19,284 | -38.3% |
| Furniture and vehicles | 24 | €50,406 | €31,123 | -€19,284 | -38.3% |
| Current assets | 29/58 | €48,794 | €82,311 | +€33,516 | +68.7% |
| Amounts receivable within one year | 40/41 | €31,882 | €39,160 | +€7,278 | +22.8% |
| Trade receivables | 40 | €27,016 | €36,408 | +€9,393 | +34.8% |
| Other amounts receivable | 41 | €4,866 | €2,751 | -€2,115 | -43.5% |
| Cash at bank and in hand | 54/58 | €16,099 | €40,963 | +€24,863 | +154% |
| Deferred charges and accrued income | 490/1 | €813 | €2,188 | +€1,375 | +169% |
| Total equity and liabilities | 10/49 | €99,201 | €113,433 | +€14,233 | +14.3% |
| Equity | 10/15 | €27,045 | €59,038 | +€31,994 | +118% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,045 | €36,038 | +€31,994 | +791% |
| Amounts payable | 17/49 | €72,156 | €54,395 | -€17,761 | -24.6% |
| Amounts payable after more than one year | 17 | €6,969 | €1,007 | -€5,961 | -85.5% |
| Financial debts | 170/4 | €6,969 | €1,007 | -€5,961 | -85.5% |
| Amounts payable within one year | 42/48 | €59,303 | €53,388 | -€5,916 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €5,822 | €5,961 | +€139 | +2.4% |
| Trade debts | 44 | €14,067 | €2,764 | -€11,303 | -80.4% |
| Suppliers | 440/4 | €14,067 | €2,764 | -€11,303 | -80.4% |
| Taxes, remuneration and social security | 45 | €1,188 | €11,993 | +€10,805 | +910% |
| Taxes | 450/3 | €1,188 | €11,993 | +€10,805 | +910% |
| Other amounts payable | 47/48 | €38,226 | €32,670 | -€5,556 | -14.5% |
| Accrued charges and deferred income | 492/3 | €5,884 | - | -€5,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,658 | €19,284 | +€3,626 | +23.2% |
| Other operating charges | 640/8 | €6,343 | €26,554 | +€20,212 | +319% |
| Gross operating margin | 9900 | €33,443 | €90,749 | +€57,306 | +171% |
| Operating profit (loss) | 9901 | €11,442 | €44,911 | +€33,468 | +292% |
| Financial income | 75/76B | €88 | €22 | -€65 | -74.4% |
| Recurring financial income | 75 | €88 | €22 | -€65 | -74.4% |
| Financial charges | 65/66B | €1,169 | €2,615 | +€1,446 | +124% |
| Recurring financial charges | 65 | €1,169 | €2,615 | +€1,446 | +124% |
| Profit (loss) for the period before taxes | 9903 | €10,361 | €42,319 | +€31,957 | +308% |
| Income taxes | 67/77 | €668 | €10,325 | +€9,657 | +1,446% |
| Profit (loss) for the period | 9904 | €9,693 | €31,994 | +€22,300 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €9,693 | €31,994 | +€22,300 | +230% |
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 24 October 2026 via checked.be.