AGW Solutions: 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.
AGW Solutions
Largest movements
- Current investments +€288,717
up €288,717 (+867%), from €33,317 to €322,035
- Cash -€260,738
down €260,738 (-56.1%), from €464,400 to €203,662
mainly Current investments (-€288,717) and Contributions, distributions and other (-€30,000)
- Receivables within one year -€15,112
down €15,112 (-32.7%), from €46,241 to €31,129
of which Trade receivables: -€15,122
- Other debts +€33,965
up €33,965 (+14.7%), from €230,781 to €264,746
- Tax, wage and social debts -€11,123
down €11,123 (-49.4%), from €22,513 to €11,390
of which Taxes: -€10,644
- Financial charges +€23,706
up €23,706 (+35.9%), from €65,959 to €89,665
- Gross operating margin +€21,005
up €21,005 (+25.5%), from €82,458 to €103,463
- Financial income +€16,365
up €16,365 (+322%), from €5,089 to €21,454
- Other operating charges -€2,373
down €2,373 (-69.2%), from €3,432 to €1,058
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 | €545,424 | €560,996 | +€15,572 | +2.9% |
| Fixed assets | 21/28 | €1,467 | €4,171 | +€2,704 | +184% |
| Tangible fixed assets | 22/27 | €1,467 | €4,171 | +€2,704 | +184% |
| Furniture and vehicles | 24 | - | €3,818 | +€3,818 | |
| Other tangible fixed assets | 26 | €1,467 | €353 | -€1,113 | -75.9% |
| Current assets | 29/58 | €543,958 | €556,825 | +€12,868 | +2.4% |
| Amounts receivable within one year | 40/41 | €46,241 | €31,129 | -€15,112 | -32.7% |
| Trade receivables | 40 | €46,241 | €31,118 | -€15,122 | -32.7% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Current investments | 50/53 | €33,317 | €322,035 | +€288,717 | +867% |
| Cash at bank and in hand | 54/58 | €464,400 | €203,662 | -€260,738 | -56.1% |
| Total equity and liabilities | 10/49 | €545,424 | €560,996 | +€15,572 | +2.9% |
| Equity | 10/15 | €246,727 | €242,941 | -€3,786 | -1.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €90,000 | €85,000 | -€5,000 | -5.6% |
| Distributable reserves | 133 | €90,000 | €85,000 | -€5,000 | -5.6% |
| Profit (loss) carried forward | 14 | €142,467 | €143,681 | +€1,214 | +0.9% |
| Amounts payable | 17/49 | €298,697 | €318,055 | +€19,358 | +6.5% |
| Amounts payable within one year | 42/48 | €298,697 | €318,055 | +€19,358 | +6.5% |
| Trade debts | 44 | €9,103 | €5,618 | -€3,485 | -38.3% |
| Suppliers | 440/4 | €9,103 | €5,618 | -€3,485 | -38.3% |
| Advances received on contracts in progress | 46 | €36,300 | €36,300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,513 | €11,390 | -€11,123 | -49.4% |
| Taxes | 450/3 | €21,369 | €10,725 | -€10,644 | -49.8% |
| Remuneration and social security | 454/9 | €1,144 | €665 | -€479 | -41.9% |
| Other amounts payable | 47/48 | €230,781 | €264,746 | +€33,965 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €1,723 | +€555 | +47.5% |
| Other operating charges | 640/8 | €3,432 | €1,058 | -€2,373 | -69.2% |
| Gross operating margin | 9900 | €82,458 | €103,463 | +€21,005 | +25.5% |
| Operating profit (loss) | 9901 | €77,858 | €100,681 | +€22,824 | +29.3% |
| Financial income | 75/76B | €5,089 | €21,454 | +€16,365 | +322% |
| Recurring financial income | 75 | €5,089 | €21,454 | +€16,365 | +322% |
| Financial charges | 65/66B | €65,959 | €89,665 | +€23,706 | +35.9% |
| Recurring financial charges | 65 | €65,959 | €89,665 | +€23,706 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €16,988 | €32,471 | +€15,483 | +91.1% |
| Income taxes | 67/77 | €6,662 | €6,256 | -€406 | -6.1% |
| Profit (loss) for the period | 9904 | €10,325 | €26,214 | +€15,889 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €10,325 | €26,214 | +€15,889 | +154% |
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 19 October 2026 via checked.be.