AG-PLATING: what changed
Two fiscal 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-PLATING
Largest movements
- Receivables within one year +€61,859
up €61,859 (+60.9%), from €101,643 to €163,502
of which Trade receivables: +€59,913
- Cash +€33,406
up €33,406 (+10.1%), from €329,310 to €362,716
mainly Net result for the year (+€103,959) and Tax, wage and social debts (+€19,529)
- Tangible fixed assets +€29,493
up €29,493 (+136.9%), from €21,547 to €51,040
of which Furniture and vehicles: +€32,235
- Reserves +€103,959
up €103,959 (+31.1%), from €333,746 to €437,704
of which Distributable reserves: +€103,959
- Tax, wage and social debts +€19,529
up €19,529 (+32.9%), from €59,374 to €78,903
- Gross operating margin +€20,680
up €20,680 (+14.4%), from €143,618 to €164,298
- Taxes -€10,094
down €10,094 (-18.6%), from €54,198 to €44,104
- Depreciation +€6,219
up €6,219 (+113.5%), from €5,480 to €11,699
- Other operating charges +€2,513
up €2,513 (+153.4%), from €1,638 to €4,151
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.
Cash bridge derived
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 | €463,481 | €590,071 | +€126,590 | +27.3% |
| Fixed assets | 21/28 | €21,547 | €51,040 | +€29,493 | +136.9% |
| Tangible fixed assets | 22/27 | €21,547 | €51,040 | +€29,493 | +136.9% |
| Land and buildings | 22 | €9,011 | €7,005 | -€2,005 | -22.3% |
| Plant, machinery and equipment | 23 | €7,516 | €7,069 | -€447 | -5.9% |
| Furniture and vehicles | 24 | €2,094 | €34,329 | +€32,235 | +1539.5% |
| Other tangible fixed assets | 26 | €2,927 | €2,637 | -€290 | -9.9% |
| Current assets | 29/58 | €441,934 | €539,031 | +€97,097 | +22.0% |
| Amounts receivable after more than one year | 29 | €10,054 | €10,054 | = | 0.0% |
| Other amounts receivable | 291 | €10,054 | €10,054 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,643 | €163,502 | +€61,859 | +60.9% |
| Trade receivables | 40 | €55,782 | €115,695 | +€59,913 | +107.4% |
| Other amounts receivable | 41 | €45,861 | €47,807 | +€1,946 | +4.2% |
| Current investments | 50/53 | - | €2,543 | +€2,543 | |
| Cash at bank and in hand | 54/58 | €329,310 | €362,716 | +€33,406 | +10.1% |
| Deferred charges and accrued income | 490/1 | €927 | €217 | -€711 | -76.6% |
| Total equity and liabilities | 10/49 | €463,481 | €590,071 | +€126,590 | +27.3% |
| Equity | 10/15 | €352,346 | €456,304 | +€103,959 | +29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,746 | €437,704 | +€103,959 | +31.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €331,886 | €435,844 | +€103,959 | +31.3% |
| Amounts payable | 17/49 | €111,135 | €133,767 | +€22,632 | +20.4% |
| Amounts payable within one year | 42/48 | €111,135 | €132,708 | +€21,573 | +19.4% |
| Trade debts | 44 | €1,458 | €371 | -€1,087 | -74.6% |
| Suppliers | 440/4 | €1,458 | €371 | -€1,087 | -74.6% |
| Taxes, remuneration and social security | 45 | €59,374 | €78,903 | +€19,529 | +32.9% |
| Taxes | 450/3 | €59,374 | €78,903 | +€19,529 | +32.9% |
| Other amounts payable | 47/48 | €50,303 | €53,434 | +€3,131 | +6.2% |
| Accrued charges and deferred income | 492/3 | - | €1,059 | +€1,059 | |
| Non-recurring operating income | 76A | - | €9,200 | +€9,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,480 | €11,699 | +€6,219 | +113.5% |
| Other operating charges | 640/8 | €1,638 | €4,151 | +€2,513 | +153.4% |
| Gross operating margin | 9900 | €143,618 | €164,298 | +€20,680 | +14.4% |
| Operating profit (loss) | 9901 | €136,500 | €148,447 | +€11,948 | +8.8% |
| Financial income | 75/76B | €15 | €148 | +€132 | +857.5% |
| Recurring financial income | 75 | €15 | €148 | +€132 | +857.5% |
| Financial charges | 65/66B | €90 | €532 | +€441 | +487.8% |
| Recurring financial charges | 65 | €90 | €532 | +€441 | +487.8% |
| Profit (loss) for the period before taxes | 9903 | €136,424 | €148,063 | +€11,639 | +8.5% |
| Income taxes | 67/77 | €54,198 | €44,104 | -€10,094 | -18.6% |
| Profit (loss) for the period | 9904 | €82,226 | €103,959 | +€21,732 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,226 | €103,959 | +€21,732 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.