AGC: what changed
What changed
AGC
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
€64,576
2023 · €48,566+€16,010
Equity
-€468,649
2023 · -€533,225+€64,576
Cash
€42,654
2023 · €27,704+€14,950
Balance sheet total
€353,889
2023 · €358,179-€4,291
Largest movements
Assets
- Tangible fixed assets -€20,504
down €20,504 (-12.2%), from €168,570 to €148,066
- Cash +€14,950
up €14,950 (+54.0%), from €27,704 to €42,654
mainly Net result for the year (+€64,576) and Depreciation (+€20,504)
Equity and liabilities
- Profit (loss) carried forward +€64,576
up €64,576 (+7.6%), from -€853,791 to -€789,215
- Other debts -€59,548
down €59,548 (-38.4%), from €155,106 to €95,558
- Debts after one year -€5,500
down €5,500 (-0.8%), from €730,934 to €725,434
Income statement
- Other operating charges -€9,817
down €9,817 (-61.7%), from €15,902 to €6,085
- Financial charges -€5,311
down €5,311 (-67.0%), from €7,923 to €2,611
- Gross operating margin +€1,045
up €1,045 (+1.1%), from €94,464 to €95,509
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€48,566
Gross operating margin
+€1,045
Staff costs
-€163
Other operating charges
+€9,817
Financial charges
+€5,311
Result 2024
€64,576
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,650
Investment
-€200
Financing
-€5,500
Cash 2023
€27,704
From operations (derived)
+€20,650
Net result for the year
+€64,576
Depreciation
+€20,504
Receivables within one year
-€1,064
Trade debts
-€3,444
Other debts
-€59,548
Accrued charges and deferred income
-€375
Investment (derived)
-€200
Investment in fixed assets (net)
-€200
Financing
-€5,500
Debts after one year
-€5,500
Cash 2024
€42,654
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,179 | €353,889 | -€4,291 | -1.2% |
| Fixed assets | 21/28 | €168,570 | €148,266 | -€20,304 | -12.0% |
| Tangible fixed assets | 22/27 | €168,570 | €148,066 | -€20,504 | -12.2% |
| Land and buildings | 22 | €168,570 | €148,066 | -€20,504 | -12.2% |
| Financial fixed assets | 28 | €0 | €200 | +€200 | |
| Current assets | 29/58 | €189,609 | €205,623 | +€16,014 | +8.4% |
| Amounts receivable within one year | 40/41 | €161,905 | €162,969 | +€1,064 | +0.7% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €161,405 | €162,469 | +€1,064 | +0.7% |
| Cash at bank and in hand | 54/58 | €27,704 | €42,654 | +€14,950 | +54.0% |
| Total equity and liabilities | 10/49 | €358,179 | €353,889 | -€4,291 | -1.2% |
| Equity | 10/15 | -€533,225 | -€468,649 | +€64,576 | +12.1% |
| Contributions | 10/11 | €309,000 | €309,000 | = | 0.0% |
| Capital | 10 | €309,000 | €309,000 | = | 0.0% |
| Issued capital | 100 | €309,000 | €309,000 | = | 0.0% |
| Reserves | 13 | €11,566 | €11,566 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €7,848 | €7,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€853,791 | -€789,215 | +€64,576 | +7.6% |
| Amounts payable | 17/49 | €891,405 | €822,538 | -€68,867 | -7.7% |
| Amounts payable after more than one year | 17 | €730,934 | €725,434 | -€5,500 | -0.8% |
| Financial debts | 170/4 | €730,934 | €725,434 | -€5,500 | -0.8% |
| Amounts payable within one year | 42/48 | €160,095 | €97,104 | -€62,992 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,990 | €1,546 | -€3,444 | -69.0% |
| Suppliers | 440/4 | €4,990 | €1,546 | -€3,444 | -69.0% |
| Other amounts payable | 47/48 | €155,106 | €95,558 | -€59,548 | -38.4% |
| Accrued charges and deferred income | 492/3 | €375 | - | -€375 | |
| Remuneration, social security and pensions | 62 | €1,570 | €1,733 | +€163 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,504 | €20,504 | = | 0.0% |
| Other operating charges | 640/8 | €15,902 | €6,085 | -€9,817 | -61.7% |
| Gross operating margin | 9900 | €94,464 | €95,509 | +€1,045 | +1.1% |
| Operating profit (loss) | 9901 | €56,488 | €67,187 | +€10,699 | +18.9% |
| Financial charges | 65/66B | €7,923 | €2,611 | -€5,311 | -67.0% |
| Recurring financial charges | 65 | €7,923 | €2,611 | -€5,311 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €48,566 | €64,576 | +€16,010 | +33.0% |
| Profit (loss) for the period | 9904 | €48,566 | €64,576 | +€16,010 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,566 | €64,576 | +€16,010 | +33.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.