AGS Trading: 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 Trading
Largest movements
- Cash +€31,031
up €31,031 (+40.4%), from €76,786 to €107,817
mainly Net result for the year (+€20,252) and Depreciation (+€6,232)
- Tangible fixed assets -€6,232
down €6,232 (-19.5%), from €31,971 to €25,738
of which Furniture and vehicles: -€3,957
- Profit (loss) carried forward +€20,252
up €20,252, from -€16,343 to €3,909
- Tax, wage and social debts +€3,315
up €3,315 (+30.3%), from €10,942 to €14,257
of which Remuneration and social security: +€2,875
- Debts after one year +€2,563
up €2,563 (+6.0%), from €42,737 to €45,300
of which Other amounts payable: +€2,563
- Trade debts +€2,228
up €2,228 (+85.6%), from €2,603 to €4,831
- Current portion of long-term debt -€1,609
down €1,609 (-100%), from €1,609 to €0
- Gross operating margin +€33,936
up €33,936 (+47.6%), from €71,238 to €105,175
- Staff costs +€11,008
up €11,008 (+19.8%), from €55,501 to €66,510
- Taxes +€6,648
up €6,648 (+438%), from €1,519 to €8,166
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 | €119,376 | €145,277 | +€25,902 | +21.7% |
| Fixed assets | 21/28 | €31,971 | €25,738 | -€6,232 | -19.5% |
| Tangible fixed assets | 22/27 | €31,971 | €25,738 | -€6,232 | -19.5% |
| Land and buildings | 22 | €13,465 | €11,190 | -€2,275 | -16.9% |
| Furniture and vehicles | 24 | €18,505 | €14,548 | -€3,957 | -21.4% |
| Current assets | 29/58 | €87,405 | €119,539 | +€32,134 | +36.8% |
| Amounts receivable within one year | 40/41 | €9,801 | €10,890 | +€1,089 | +11.1% |
| Trade receivables | 40 | €9,801 | €10,890 | +€1,089 | +11.1% |
| Cash at bank and in hand | 54/58 | €76,786 | €107,817 | +€31,031 | +40.4% |
| Deferred charges and accrued income | 490/1 | €818 | €832 | +€14 | +1.7% |
| Total equity and liabilities | 10/49 | €119,376 | €145,277 | +€25,902 | +21.7% |
| Equity | 10/15 | €57,615 | €77,867 | +€20,252 | +35.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €12,458 | €12,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,123 | €3,123 | = | 0.0% |
| Legal reserve | 130 | €3,123 | €3,123 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,834 | €3,834 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,343 | €3,909 | +€20,252 | |
| Amounts payable | 17/49 | €61,760 | €67,410 | +€5,650 | +9.1% |
| Amounts payable after more than one year | 17 | €42,737 | €45,300 | +€2,563 | +6.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €42,737 | €45,300 | +€2,563 | +6.0% |
| Amounts payable within one year | 42/48 | €15,154 | €19,088 | +€3,934 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €1,609 | €0 | -€1,609 | -100% |
| Trade debts | 44 | €2,603 | €4,831 | +€2,228 | +85.6% |
| Suppliers | 440/4 | €2,603 | €4,831 | +€2,228 | +85.6% |
| Taxes, remuneration and social security | 45 | €10,942 | €14,257 | +€3,315 | +30.3% |
| Taxes | 450/3 | €4,757 | €5,197 | +€440 | +9.3% |
| Remuneration and social security | 454/9 | €6,185 | €9,059 | +€2,875 | +46.5% |
| Accrued charges and deferred income | 492/3 | €3,869 | €3,023 | -€846 | -21.9% |
| Remuneration, social security and pensions | 62 | €55,501 | €66,510 | +€11,008 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,541 | €6,232 | -€308 | -4.7% |
| Other operating charges | 640/8 | €794 | €849 | +€55 | +6.9% |
| Gross operating margin | 9900 | €71,238 | €105,175 | +€33,936 | +47.6% |
| Operating profit (loss) | 9901 | €8,403 | €31,584 | +€23,181 | +276% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,207 | €3,166 | -€1,042 | -24.8% |
| Recurring financial charges | 65 | €4,207 | €3,166 | -€1,042 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €4,195 | €28,418 | +€24,223 | +577% |
| Income taxes | 67/77 | €1,519 | €8,166 | +€6,648 | +438% |
| Profit (loss) for the period | 9904 | €2,676 | €20,252 | +€17,576 | +657% |
| Profit (loss) for the period to be appropriated | 9905 | €2,676 | €20,252 | +€17,576 | +657% |
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 21 October 2026 via checked.be.