AG COATING: 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.
AG COATING
Largest movements
- Receivables within one year +€187,295
up €187,295 (+48.8%), from €383,846 to €571,141
of which Other amounts receivable: +€158,994
- Current investments -€102,747
down €102,747 (-100%), from €102,747 to €0
- Cash +€29,725
up €29,725 (+52.5%), from €56,597 to €86,322
mainly Current investments (+€102,747) and Short-term financial debts (+€100,000)
- Tangible fixed assets -€27,431
down €27,431 (-5.5%), from €499,119 to €471,688
of which Land and buildings: -€19,960
- Short-term financial debts +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Debts after one year -€44,765
down €44,765 (-10.9%), from €408,935 to €364,170
- Gross operating margin -€52,776
down €52,776 (-8.5%), from €624,250 to €571,474
- Depreciation -€33,033
down €33,033 (-38.9%), from €84,916 to €51,883
- Financial income +€14,627
up €14,627 (+91.0%), from €16,082 to €30,710
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 | €1,117,715 | €1,201,639 | +€83,924 | +7.5% |
| Fixed assets | 21/28 | €502,832 | €479,929 | -€22,903 | -4.6% |
| Intangible fixed assets | 21 | €3,713 | €8,240 | +€4,527 | +122% |
| Tangible fixed assets | 22/27 | €499,119 | €471,688 | -€27,431 | -5.5% |
| Land and buildings | 22 | €324,904 | €304,944 | -€19,960 | -6.1% |
| Plant, machinery and equipment | 23 | €166,634 | €159,629 | -€7,006 | -4.2% |
| Furniture and vehicles | 24 | €7,581 | €7,116 | -€465 | -6.1% |
| Current assets | 29/58 | €614,883 | €721,710 | +€106,827 | +17.4% |
| Stocks and contracts in progress | 3 | €57,770 | €57,255 | -€515 | -0.9% |
| Stocks | 30/36 | €57,770 | €57,255 | -€515 | -0.9% |
| Amounts receivable within one year | 40/41 | €383,846 | €571,141 | +€187,295 | +48.8% |
| Trade receivables | 40 | €116,362 | €144,663 | +€28,301 | +24.3% |
| Other amounts receivable | 41 | €267,484 | €426,478 | +€158,994 | +59.4% |
| Current investments | 50/53 | €102,747 | €0 | -€102,747 | -100% |
| Cash at bank and in hand | 54/58 | €56,597 | €86,322 | +€29,725 | +52.5% |
| Deferred charges and accrued income | 490/1 | €13,923 | €6,993 | -€6,930 | -49.8% |
| Total equity and liabilities | 10/49 | €1,117,715 | €1,201,639 | +€83,924 | +7.5% |
| Equity | 10/15 | €433,552 | €443,770 | +€10,218 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €289,924 | €289,924 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €289,924 | €289,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,628 | €133,846 | +€10,218 | +8.3% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €684,163 | €757,869 | +€73,706 | +10.8% |
| Amounts payable after more than one year | 17 | €408,935 | €364,170 | -€44,765 | -10.9% |
| Financial debts | 170/4 | €408,935 | €364,170 | -€44,765 | -10.9% |
| Amounts payable within one year | 42/48 | €275,228 | €390,159 | +€114,931 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €46,418 | €48,411 | +€1,993 | +4.3% |
| Financial debts | 43 | €100,000 | €200,000 | +€100,000 | +100% |
| Credit institutions | 430/8 | €100,000 | €200,000 | +€100,000 | +100% |
| Trade debts | 44 | €41,709 | €51,246 | +€9,538 | +22.9% |
| Suppliers | 440/4 | €41,709 | €51,246 | +€9,538 | +22.9% |
| Taxes, remuneration and social security | 45 | €67,913 | €75,476 | +€7,563 | +11.1% |
| Taxes | 450/3 | €8,325 | €21,098 | +€12,773 | +153% |
| Remuneration and social security | 454/9 | €59,588 | €54,378 | -€5,211 | -8.7% |
| Other amounts payable | 47/48 | €19,188 | €15,025 | -€4,163 | -21.7% |
| Accrued charges and deferred income | 492/3 | €0 | €3,540 | +€3,540 | |
| Remuneration, social security and pensions | 62 | €492,441 | €488,764 | -€3,677 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,916 | €51,883 | -€33,033 | -38.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,008 | +€1,008 | |
| Other operating charges | 640/8 | €10,855 | €11,136 | +€282 | +2.6% |
| Gross operating margin | 9900 | €624,250 | €571,474 | -€52,776 | -8.5% |
| Operating profit (loss) | 9901 | €36,038 | €18,683 | -€17,355 | -48.2% |
| Financial income | 75/76B | €16,082 | €30,710 | +€14,627 | +91.0% |
| Recurring financial income | 75 | €16,082 | €30,710 | +€14,627 | +91.0% |
| Financial charges | 65/66B | €43,456 | €38,845 | -€4,610 | -10.6% |
| Recurring financial charges | 65 | €43,456 | €38,845 | -€4,610 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €8,665 | €10,548 | +€1,883 | +21.7% |
| Income taxes | 67/77 | €320 | €330 | +€10 | +3.1% |
| Profit (loss) for the period | 9904 | €8,345 | €10,218 | +€1,873 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,345 | €10,218 | +€1,873 | +22.4% |
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 16 October 2026 via checked.be.