AG Elektro-techniek: what changed
What changed
AG Elektro-techniek
NACE 33.120, Repair and maintenance of machinery
filed annual accounts (NBB)
Net result for the year
€75,995
2024 · €44,006+€31,989
Equity
€32,495
2024 · €175,926-€143,431
Cash
€142,459
2024 · €144,148-€1,689
Balance sheet total
€238,981
2024 · €223,996+€14,985
Largest movements
Assets
- Receivables within one year +€6,500
up €6,500 (+27.3%), from €23,826 to €30,327
of which Other amounts receivable: +€8,290
- Tangible fixed assets +€5,634
up €5,634 (+14.2%), from €39,626 to €45,260
of which Land and buildings: +€21,966
- Stocks and contracts +€4,606
up €4,606 (+29.0%), from €15,864 to €20,470
Equity and liabilities
- Other debts +€175,330
up €175,330 (+1,466%), from €11,961 to €187,291
- Reserves -€143,431
down €143,431 (-82.2%), from €174,426 to €30,995
- Debts after one year -€11,574
down €11,574 (-84.9%), from €13,640 to €2,066
- Tax, wage and social debts -€8,020
down €8,020 (-81.7%), from €9,820 to €1,800
- Trade debts +€2,793
up €2,793 (+324%), from €862 to €3,655
Income statement
- Gross operating margin +€44,303
up €44,303 (+59.9%), from €73,948 to €118,250
- Taxes +€8,069
up €8,069 (+69.8%), from €11,561 to €19,630
- Depreciation +€5,554
up €5,554 (+32.2%), from €17,234 to €22,787
Change in the result, 2024 to 2025
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 2024
€44,006
Gross operating margin
+€44,303
Depreciation
-€5,554
Other operating charges
-€151
Financial income
+€1,049
Financial charges
+€412
Taxes
-€8,069
Result 2025
€75,995
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€257,488
Investment
-€28,421
Financing
-€230,756
Cash 2024
€144,148
From operations (derived)
+€257,488
Net result for the year
+€75,995
Depreciation
+€22,787
Stocks and contracts
-€4,606
Receivables within one year
-€6,500
Smaller working-capital items
-€291
Trade debts
+€2,793
Tax, wage and social debts
-€8,020
Other debts
+€175,330
Investment (derived)
-€28,421
Investment in fixed assets (net)
-€28,421
Financing
-€230,756
Debts after one year
-€11,574
Current portion of long-term debt
+€244
Contributions, distributions and other
-€219,426
Cash 2025
€142,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,996 | €238,981 | +€14,985 | +6.7% |
| Fixed assets | 21/28 | €39,626 | €45,260 | +€5,634 | +14.2% |
| Tangible fixed assets | 22/27 | €39,626 | €45,260 | +€5,634 | +14.2% |
| Land and buildings | 22 | - | €21,966 | +€21,966 | |
| Plant, machinery and equipment | 23 | €3,617 | €3,034 | -€582 | -16.1% |
| Furniture and vehicles | 24 | €36,009 | €20,259 | -€15,750 | -43.7% |
| Current assets | 29/58 | €184,370 | €193,721 | +€9,351 | +5.1% |
| Stocks and contracts in progress | 3 | €15,864 | €20,470 | +€4,606 | +29.0% |
| Stocks | 30/36 | €15,864 | €20,470 | +€4,606 | +29.0% |
| Amounts receivable within one year | 40/41 | €23,826 | €30,327 | +€6,500 | +27.3% |
| Trade receivables | 40 | €16,491 | €14,701 | -€1,790 | -10.9% |
| Other amounts receivable | 41 | €7,335 | €15,625 | +€8,290 | +113% |
| Cash at bank and in hand | 54/58 | €144,148 | €142,459 | -€1,689 | -1.2% |
| Deferred charges and accrued income | 490/1 | €531 | €465 | -€66 | -12.5% |
| Total equity and liabilities | 10/49 | €223,996 | €238,981 | +€14,985 | +6.7% |
| Equity | 10/15 | €175,926 | €32,495 | -€143,431 | -81.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €174,426 | €30,995 | -€143,431 | -82.2% |
| Distributable reserves | 133 | €174,426 | €30,995 | -€143,431 | -82.2% |
| Amounts payable | 17/49 | €48,070 | €206,486 | +€158,416 | +330% |
| Amounts payable after more than one year | 17 | €13,640 | €2,066 | -€11,574 | -84.9% |
| Financial debts | 170/4 | €13,640 | €2,066 | -€11,574 | -84.9% |
| Amounts payable within one year | 42/48 | €34,430 | €204,420 | +€169,990 | +494% |
| Current portion of amounts payable after more than one year | 42 | €11,330 | €11,574 | +€244 | +2.2% |
| Trade debts | 44 | €862 | €3,655 | +€2,793 | +324% |
| Suppliers | 440/4 | €862 | €3,655 | +€2,793 | +324% |
| Advances received on contracts in progress | 46 | €457 | €100 | -€357 | -78.1% |
| Taxes, remuneration and social security | 45 | €9,820 | €1,800 | -€8,020 | -81.7% |
| Taxes | 450/3 | €9,820 | €1,800 | -€8,020 | -81.7% |
| Other amounts payable | 47/48 | €11,961 | €187,291 | +€175,330 | +1,466% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,234 | €22,787 | +€5,554 | +32.2% |
| Other operating charges | 640/8 | €1,014 | €1,165 | +€151 | +14.9% |
| Gross operating margin | 9900 | €73,948 | €118,250 | +€44,303 | +59.9% |
| Operating profit (loss) | 9901 | €55,700 | €94,298 | +€38,598 | +69.3% |
| Financial income | 75/76B | €1,244 | €2,293 | +€1,049 | +84.3% |
| Recurring financial income | 75 | €1,244 | €2,293 | +€1,049 | +84.3% |
| Financial charges | 65/66B | €1,378 | €966 | -€412 | -29.9% |
| Recurring financial charges | 65 | €1,378 | €966 | -€412 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €55,566 | €95,625 | +€40,058 | +72.1% |
| Income taxes | 67/77 | €11,561 | €19,630 | +€8,069 | +69.8% |
| Profit (loss) for the period | 9904 | €44,006 | €75,995 | +€31,989 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,006 | €75,995 | +€31,989 | +72.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.