AGST: 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.
AGST
Largest movements
- Receivables within one year -€69,988
down €69,988 (-20.7%), from €337,891 to €267,903
of which Trade receivables: -€69,988
- Stocks and contracts +€54,000
up €54,000 (+31.8%), from €170,000 to €224,000
- Cash +€8,386
up €8,386 (+81.0%), from €10,357 to €18,743
mainly Net result for the year (+€86,700) and Receivables within one year (+€69,988)
- Trade debts -€98,532
down €98,532 (-21.3%), from €462,953 to €364,421
- Profit (loss) carried forward +€86,700
up €86,700 (+303%), from €28,640 to €115,340
- Other debts -€20,426
down €20,426 (-63.9%), from €31,986 to €11,560
- Tax, wage and social debts +€20,245
up €20,245 (+461%), from €4,395 to €24,639
of which Remuneration and social security: +€11,057
- Purchases and services -€1.4m
down €1.4m (-48.9%), from €2.8m to €1.4m
- Turnover -€1.2m
down €1.2m (-41.7%), from €2.9m to €1.7m
- Gross operating margin +€179,286
up €179,286 (+299%), from €59,997 to €239,283
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 | €550,406 | €536,419 | -€13,987 | -2.5% |
| Fixed assets | 21/28 | €29,562 | €25,773 | -€3,789 | -12.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,072 | €7,283 | -€3,789 | -34.2% |
| Land and buildings | 22 | €2,902 | €1,451 | -€1,451 | -50.0% |
| Plant, machinery and equipment | 23 | €6,702 | €4,674 | -€2,028 | -30.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,468 | €1,158 | -€310 | -21.1% |
| Financial fixed assets | 28 | €18,490 | €18,490 | = | 0.0% |
| Current assets | 29/58 | €520,844 | €510,647 | -€10,198 | -2.0% |
| Stocks and contracts in progress | 3 | €170,000 | €224,000 | +€54,000 | +31.8% |
| Stocks | 30/36 | €170,000 | €224,000 | +€54,000 | +31.8% |
| Amounts receivable within one year | 40/41 | €337,891 | €267,903 | -€69,988 | -20.7% |
| Trade receivables | 40 | €337,891 | €267,903 | -€69,988 | -20.7% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €10,357 | €18,743 | +€8,386 | +81.0% |
| Deferred charges and accrued income | 490/1 | €2,597 | €0 | -€2,597 | -100% |
| Total equity and liabilities | 10/49 | €550,406 | €536,419 | -€13,987 | -2.5% |
| Equity | 10/15 | €49,100 | €135,800 | +€86,700 | +177% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €28,640 | €115,340 | +€86,700 | +303% |
| Amounts payable | 17/49 | €501,307 | €400,620 | -€100,687 | -20.1% |
| Amounts payable within one year | 42/48 | €499,334 | €400,620 | -€98,714 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €462,953 | €364,421 | -€98,532 | -21.3% |
| Suppliers | 440/4 | €462,953 | €364,421 | -€98,532 | -21.3% |
| Taxes, remuneration and social security | 45 | €4,395 | €24,639 | +€20,245 | +461% |
| Taxes | 450/3 | €4,395 | €13,582 | +€9,187 | +209% |
| Remuneration and social security | 454/9 | €0 | €11,057 | +€11,057 | |
| Other amounts payable | 47/48 | €31,986 | €11,560 | -€20,426 | -63.9% |
| Accrued charges and deferred income | 492/3 | €1,973 | - | -€1,973 | |
| Turnover | 70 | €2,873,837 | €1,676,621 | -€1.2m | -41.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,832,667 | €1,446,665 | -€1.4m | -48.9% |
| Remuneration, social security and pensions | 62 | €129,665 | €135,892 | +€6,227 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,130 | €3,789 | -€3,341 | -46.9% |
| Other operating charges | 640/8 | €1,224 | €440 | -€784 | -64.0% |
| Non-recurring operating charges | 66A | €3,103 | - | -€3,103 | |
| Gross operating margin | 9900 | €59,997 | €239,283 | +€179,286 | +299% |
| Operating profit (loss) | 9901 | -€81,125 | €99,162 | +€180,287 | |
| Financial income | 75/76B | €1,388 | €7 | -€1,381 | -99.5% |
| Recurring financial income | 75 | €1,388 | €7 | -€1,381 | -99.5% |
| Financial charges | 65/66B | €5,322 | €4,272 | -€1,050 | -19.7% |
| Recurring financial charges | 65 | €5,322 | €4,272 | -€1,050 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,058 | €94,897 | +€179,956 | |
| Income taxes | 67/77 | €7 | €8,198 | +€8,191 | +122,805% |
| Profit (loss) for the period | 9904 | -€85,065 | €86,700 | +€171,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,065 | €86,700 | +€171,765 |
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 15 October 2026 via checked.be.