AGX GROUP: 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.
What changed
AGX GROUP
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€63,643
2024 · €428,471-€364,828
Equity
€208,993
2024 · €145,351+€63,643
Cash
€38,694
2024 · €23,973+€14,721
Balance sheet total
€6.2m
2024 · €3.0m+€3.3m
Largest movements
Assets
- Financial fixed assets +€2.3m
up €2.3m (+198%), from €1.1m to €3.4m
- Receivables after one year +€871,521
up €871,521 (+504%), from €173,009 to €1.0m
- Receivables within one year +€190,941
up €190,941 (+15.4%), from €1.2m to €1.4m
of which Trade receivables: +€204,867
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+181%), from €645,912 to €1.8m
of which Other amounts payable: +€1.6m
- Trade debts +€847,964
up €847,964 (+74.9%), from €1.1m to €2.0m
- Other debts +€758,155
up €758,155 (+156%), from €485,021 to €1.2m
- Short-term financial debts +€400,000
up €400,000 (+400%), from €100,000 to €500,000
- Profit (loss) carried forward +€63,643
up €63,643, from €0 to €63,643
Income statement
- Turnover +€2.1m
up €2.1m (+21.5%), from €9.9m to €12.1m
- Purchases and services +€2.1m
up €2.1m (+24.3%), from €8.7m to €10.8m
- Staff costs +€256,325
up €256,325 (+33.3%), from €770,821 to €1.0m
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.
Result 2024
€428,471
Gross operating margin
-€95,949
Staff costs
-€256,325
Depreciation
-€27,339
Other operating charges
+€3,458
Other operating items
+€3,428
Financial income
-€100,163
Financial charges
+€24,377
Taxes
+€83,684
Result 2025
€63,643
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€838,206
Investment
-€2.4m
Financing
+€1.6m
Cash 2024
€23,973
From operations (derived)
+€838,206
Net result for the year
+€63,643
Depreciation
+€139,893
Receivables after one year
-€871,521
Receivables within one year
-€190,941
Deferred charges and accrued income
+€53,977
Trade debts
+€847,964
Tax, wage and social debts
+€37,037
Other debts
+€758,155
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€1.6m
Debts after one year
+€1.2m
Current portion of long-term debt
+€2,586
Short-term financial debts
+€400,000
Cash 2025
€38,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,951,180 | €6,228,352 | +€3.3m | +111% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,409,060 | €3,663,025 | +€2.3m | +160% |
| Intangible fixed assets | 21 | €58,827 | €38,055 | -€20,772 | -35.3% |
| Tangible fixed assets | 22/27 | €207,498 | €214,585 | +€7,087 | +3.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €26,304 | €20,142 | -€6,162 | -23.4% |
| Furniture and vehicles | 24 | €145,962 | €91,057 | -€54,905 | -37.6% |
| Other tangible fixed assets | 26 | €35,232 | €103,386 | +€68,154 | +193% |
| Financial fixed assets | 28 | €1,142,735 | €3,410,385 | +€2.3m | +198% |
| Current assets | 29/58 | €1,542,120 | €2,565,327 | +€1.0m | +66.4% |
| Amounts receivable after more than one year | 29 | €173,009 | €1,044,530 | +€871,521 | +504% |
| Other amounts receivable | 291 | €173,009 | €1,044,530 | +€871,521 | +504% |
| Amounts receivable within one year | 40/41 | €1,237,214 | €1,428,155 | +€190,941 | +15.4% |
| Trade receivables | 40 | €1,209,363 | €1,414,230 | +€204,867 | +16.9% |
| Other amounts receivable | 41 | €27,851 | €13,925 | -€13,926 | -50.0% |
| Cash at bank and in hand | 54/58 | €23,973 | €38,694 | +€14,721 | +61.4% |
| Deferred charges and accrued income | 490/1 | €107,924 | €53,948 | -€53,977 | -50.0% |
| Total equity and liabilities | 10/49 | €2,951,180 | €6,228,352 | +€3.3m | +111% |
| Equity | 10/15 | €145,351 | €208,993 | +€63,643 | +43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,751 | €126,751 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,891 | €124,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €63,643 | +€63,643 | |
| Amounts payable | 17/49 | €2,805,830 | €6,019,359 | +€3.2m | +115% |
| Amounts payable after more than one year | 17 | €645,912 | €1,813,699 | +€1.2m | +181% |
| Financial debts | 170/4 | €645,552 | €218,729 | -€426,823 | -66.1% |
| Other amounts payable | 178/9 | €360 | €1,594,970 | +€1.6m | +442,947% |
| Amounts payable within one year | 42/48 | €2,159,918 | €4,205,660 | +€2.0m | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €365,961 | €368,547 | +€2,586 | +0.7% |
| Financial debts | 43 | €100,000 | €500,000 | +€400,000 | +400% |
| Credit institutions | 430/8 | €100,000 | €500,000 | +€400,000 | +400% |
| Trade debts | 44 | €1,132,199 | €1,980,162 | +€847,964 | +74.9% |
| Suppliers | 440/4 | €1,132,199 | €1,980,162 | +€847,964 | +74.9% |
| Taxes, remuneration and social security | 45 | €76,737 | €113,774 | +€37,037 | +48.3% |
| Taxes | 450/3 | €7,600 | €12,999 | +€5,399 | +71.0% |
| Remuneration and social security | 454/9 | €69,137 | €100,775 | +€31,638 | +45.8% |
| Other amounts payable | 47/48 | €485,021 | €1,243,176 | +€758,155 | +156% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €9,940,471 | €12,076,354 | +€2.1m | +21.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,709,587 | €10,825,234 | +€2.1m | +24.3% |
| Remuneration, social security and pensions | 62 | €770,821 | €1,027,145 | +€256,325 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,554 | €139,893 | +€27,339 | +24.3% |
| Other operating charges | 640/8 | €9,240 | €5,782 | -€3,458 | -37.4% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €3,428 | - | -€3,428 | |
| Gross operating margin | 9900 | €1,434,970 | €1,339,021 | -€95,949 | -6.7% |
| Operating profit (loss) | 9901 | €538,928 | €166,201 | -€372,727 | -69.2% |
| Financial income | 75/76B | €132,330 | €32,167 | -€100,163 | -75.7% |
| Recurring financial income | 75 | €132,330 | €32,167 | -€100,163 | -75.7% |
| Financial charges | 65/66B | €106,398 | €82,021 | -€24,377 | -22.9% |
| Recurring financial charges | 65 | €106,398 | €77,812 | -€28,587 | -26.9% |
| Non-recurring financial charges | 66B | - | €4,210 | +€4,210 | |
| Profit (loss) for the period before taxes | 9903 | €564,860 | €116,347 | -€448,513 | -79.4% |
| Income taxes | 67/77 | €136,388 | €52,704 | -€83,684 | -61.4% |
| Profit (loss) for the period | 9904 | €428,471 | €63,643 | -€364,828 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €428,471 | €63,643 | -€364,828 | -85.1% |
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 18 October 2026 via checked.be.