AGS TRANSPORT: 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 TRANSPORT
Largest movements
- Receivables within one year +€6,013
up €6,013 (+9.3%), from €64,789 to €70,802
of which Trade receivables: +€9,013
- Tangible fixed assets -€3,437
down €3,437 (-3.3%), from €103,468 to €100,031
of which Furniture and vehicles: -€8,653
- Cash -€2,638
down €2,638 (-7.9%), from €33,341 to €30,704
mainly Investment in fixed assets (net) (-€10,713) and Current portion of long-term debt (-€7,953)
- Current portion of long-term debt -€7,953
down €7,953 (-58.3%), from €13,646 to €5,692
- Trade debts +€5,750
up €5,750 (+10.3%), from €55,591 to €61,341
- Debts after one year -€5,692
down €5,692 (-32.9%), from €17,321 to €11,628
- Reserves +€4,609
up €4,609 (+8.9%), from €51,791 to €56,400
- Accrued charges and deferred income +€3,920
new in 2025: €3,920
- Gross operating margin -€28,925
down €28,925 (-44.5%), from €64,992 to €36,067
- Taxes -€10,584
down €10,584 (-77.4%), from €13,682 to €3,098
- Depreciation +€1,930
up €1,930 (+15.8%), from €12,219 to €14,149
- Other operating charges -€1,502
down €1,502 (-12.6%), from €11,895 to €10,394
- Financial charges +€1,495
up €1,495 (+68.1%), from €2,195 to €3,690
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 | €204,324 | €202,578 | -€1,746 | -0.9% |
| Fixed assets | 21/28 | €103,468 | €100,031 | -€3,437 | -3.3% |
| Tangible fixed assets | 22/27 | €103,468 | €100,031 | -€3,437 | -3.3% |
| Land and buildings | 22 | €66,748 | €66,516 | -€232 | -0.3% |
| Plant, machinery and equipment | 23 | €3,556 | €4,421 | +€865 | +24.3% |
| Furniture and vehicles | 24 | €19,275 | €10,622 | -€8,653 | -44.9% |
| Leasing and similar rights | 25 | €13,889 | €18,473 | +€4,584 | +33.0% |
| Current assets | 29/58 | €100,856 | €102,547 | +€1,691 | +1.7% |
| Amounts receivable within one year | 40/41 | €64,789 | €70,802 | +€6,013 | +9.3% |
| Trade receivables | 40 | €54,789 | €63,802 | +€9,013 | +16.5% |
| Other amounts receivable | 41 | €10,000 | €7,000 | -€3,000 | -30.0% |
| Cash at bank and in hand | 54/58 | €33,341 | €30,704 | -€2,638 | -7.9% |
| Deferred charges and accrued income | 490/1 | €2,727 | €1,042 | -€1,685 | -61.8% |
| Total equity and liabilities | 10/49 | €204,324 | €202,578 | -€1,746 | -0.9% |
| Equity | 10/15 | €70,391 | €75,000 | +€4,609 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,791 | €56,400 | +€4,609 | +8.9% |
| Distributable reserves | 133 | €51,791 | €56,400 | +€4,609 | +8.9% |
| Amounts payable | 17/49 | €133,933 | €127,578 | -€6,355 | -4.7% |
| Amounts payable after more than one year | 17 | €17,321 | €11,628 | -€5,692 | -32.9% |
| Financial debts | 170/4 | €17,321 | €11,628 | -€5,692 | -32.9% |
| Amounts payable within one year | 42/48 | €116,612 | €112,029 | -€4,583 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €13,646 | €5,692 | -€7,953 | -58.3% |
| Financial debts | 43 | - | €639 | +€639 | |
| Credit institutions | 430/8 | - | €639 | +€639 | |
| Trade debts | 44 | €55,591 | €61,341 | +€5,750 | +10.3% |
| Suppliers | 440/4 | €55,591 | €61,341 | +€5,750 | +10.3% |
| Taxes, remuneration and social security | 45 | €19,937 | €16,877 | -€3,061 | -15.4% |
| Taxes | 450/3 | €19,937 | €16,877 | -€3,061 | -15.4% |
| Other amounts payable | 47/48 | €27,439 | €27,481 | +€42 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €3,920 | +€3,920 | |
| Non-recurring operating income | 76A | - | €5,526 | +€5,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,219 | €14,149 | +€1,930 | +15.8% |
| Other operating charges | 640/8 | €11,895 | €10,394 | -€1,502 | -12.6% |
| Gross operating margin | 9900 | €64,992 | €36,067 | -€28,925 | -44.5% |
| Operating profit (loss) | 9901 | €40,878 | €11,524 | -€29,354 | -71.8% |
| Financial income | 75/76B | €0 | €706 | +€706 | +543,023% |
| Recurring financial income | 75 | €0 | €706 | +€706 | +543,023% |
| Financial charges | 65/66B | €2,195 | €3,690 | +€1,495 | +68.1% |
| Recurring financial charges | 65 | €2,195 | €3,690 | +€1,495 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €38,683 | €8,540 | -€30,143 | -77.9% |
| Income taxes | 67/77 | €13,682 | €3,098 | -€10,584 | -77.4% |
| Profit (loss) for the period | 9904 | €25,001 | €5,442 | -€19,559 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,001 | €5,442 | -€19,559 | -78.2% |
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 23 October 2026 via checked.be.