TEAM AGP: 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.
TEAM AGP
Largest movements
- Tangible fixed assets -€49,674
down €49,674 (-60.6%), from €82,021 to €32,348
of which Furniture and vehicles: -€44,998
- Receivables within one year -€22,389
down €22,389 (-38.0%), from €58,956 to €36,566
of which Trade receivables: -€26,328
- Cash +€2,687
up €2,687 (+20.1%), from €13,359 to €16,046
mainly Investment in fixed assets (net) (+€34,273) and Receivables within one year (+€22,389)
- Debts after one year -€23,548
down €23,548 (-55.6%), from €42,321 to €18,773
- Trade debts -€21,110
down €21,110 (-37.3%), from €56,646 to €35,537
- Reserves -€14,467
no longer reported in 2025 (was €14,467)
- Tax, wage and social debts -€8,128
no longer reported in 2025 (was €8,128)
- Profit (loss) carried forward -€2,063
new in 2025: -€2,063
- Gross operating margin -€43,311
down €43,311 (-95.3%), from €45,438 to €2,127
- Depreciation -€5,933
down €5,933 (-27.8%), from €21,334 to €15,401
- Taxes -€4,882
no longer reported in 2025 (was €4,882)
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 | €163,122 | €92,908 | -€70,214 | -43.0% |
| Fixed assets | 21/28 | €82,021 | €32,348 | -€49,674 | -60.6% |
| Tangible fixed assets | 22/27 | €82,021 | €32,348 | -€49,674 | -60.6% |
| Plant, machinery and equipment | 23 | €20,242 | €15,566 | -€4,676 | -23.1% |
| Furniture and vehicles | 24 | €61,780 | €16,782 | -€44,998 | -72.8% |
| Current assets | 29/58 | €81,101 | €60,560 | -€20,541 | -25.3% |
| Stocks and contracts in progress | 3 | €7,948 | €7,948 | = | 0.0% |
| Stocks | 30/36 | €7,948 | €7,948 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,956 | €36,566 | -€22,389 | -38.0% |
| Trade receivables | 40 | €58,939 | €32,610 | -€26,328 | -44.7% |
| Other amounts receivable | 41 | €17 | €3,956 | +€3,939 | +23,281% |
| Cash at bank and in hand | 54/58 | €13,359 | €16,046 | +€2,687 | +20.1% |
| Deferred charges and accrued income | 490/1 | €838 | - | -€838 | |
| Total equity and liabilities | 10/49 | €163,122 | €92,908 | -€70,214 | -43.0% |
| Equity | 10/15 | €26,867 | €10,337 | -€16,530 | -61.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,467 | - | -€14,467 | |
| Distributable reserves | 133 | €14,467 | - | -€14,467 | |
| Profit (loss) carried forward | 14 | - | -€2,063 | -€2,063 | |
| Amounts payable | 17/49 | €136,255 | €82,571 | -€53,685 | -39.4% |
| Amounts payable after more than one year | 17 | €42,321 | €18,773 | -€23,548 | -55.6% |
| Financial debts | 170/4 | €42,321 | €18,773 | -€23,548 | -55.6% |
| Amounts payable within one year | 42/48 | €93,935 | €63,798 | -€30,137 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €25,962 | €25,962 | = | 0.0% |
| Trade debts | 44 | €56,646 | €35,537 | -€21,110 | -37.3% |
| Suppliers | 440/4 | €56,646 | €35,537 | -€21,110 | -37.3% |
| Taxes, remuneration and social security | 45 | €8,128 | - | -€8,128 | |
| Taxes | 450/3 | €8,128 | - | -€8,128 | |
| Other amounts payable | 47/48 | €3,199 | €2,299 | -€899 | -28.1% |
| Non-recurring operating income | 76A | - | €6,409 | +€6,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,334 | €15,401 | -€5,933 | -27.8% |
| Other operating charges | 640/8 | €1,245 | €1,086 | -€160 | -12.8% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €45,438 | €2,127 | -€43,311 | -95.3% |
| Operating profit (loss) | 9901 | €21,359 | -€14,359 | -€35,719 | |
| Financial income | 75/76B | €756 | €811 | +€55 | +7.3% |
| Recurring financial income | 75 | €756 | €811 | +€55 | +7.3% |
| Financial charges | 65/66B | €3,385 | €2,981 | -€404 | -11.9% |
| Recurring financial charges | 65 | €3,385 | €2,981 | -€404 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €18,730 | -€16,530 | -€35,259 | |
| Income taxes | 67/77 | €4,882 | - | -€4,882 | |
| Profit (loss) for the period | 9904 | €13,847 | -€16,530 | -€30,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,847 | -€16,530 | -€30,377 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.