AG-TEC: 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.
What changed
AG-TEC
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.8m+€251,558
Equity
€10.1m
2024 · €8.1m+€2.0m
Cash
€3.5m
2024 · €369,218+€3.1m
Balance sheet total
€16.7m
2024 · €11.1m+€5.6m
Largest movements
Assets
- Cash +€3.1m
up €3.1m (+852.0%), from €369,218 to €3.5m
mainly Trade debts (+€3.0m) and Net result for the year (+€2.0m)
- Receivables within one year +€1.4m
up €1.4m (+72.8%), from €1.9m to €3.3m
of which Trade receivables: +€1.4m
- Stocks and contracts +€862,910
up €862,910 (+10.0%), from €8.6m to €9.5m
Equity and liabilities
- Trade debts +€3.0m
up €3.0m (+289.1%), from €1.0m to €4.0m
- Profit (loss) carried forward +€1.6m
up €1.6m (+31.0%), from €5.1m to €6.7m
- Reserves +€421,000
up €421,000 (+24.2%), from €1.7m to €2.2m
of which Tax-exempt reserves: +€421,000
- Tax, wage and social debts +€297,676
up €297,676 (+33.9%), from €876,898 to €1.2m
of which Taxes: +€210,857
- Advances received +€239,683
up €239,683 (+39.0%), from €614,272 to €853,955
Income statement
- Turnover +€5.8m
up €5.8m (+15.3%), from €37.8m to €43.6m
- Goods and materials +€5.1m
up €5.1m (+16.2%), from €31.7m to €36.8m
of which Purchases: +€5.3m
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.
Result 2024
€1.8m
Turnover
+€5.8m
Other operating income
+€217,998
Goods and materials
-€5.1m
Services and other goods
-€340,128
Staff costs
-€267,045
Depreciation
+€100,590
Write-downs
+€27,960
Provisions
-€47,392
Other operating charges
-€10,058
Financial income
+€18,848
Financial charges
-€15,290
Taxes
-€85,007
Result 2025
€2.0m
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.
From operations
+€3.3m
Investment
-€130,312
Financing
-€24,000
Cash 2024
€369,218
From operations (derived)
+€3.3m
Net result for the year
+€2.0m
Depreciation
+€76,659
Stocks and contracts
-€862,910
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€106,943
Provisions
+€65,534
Trade debts
+€3.0m
Tax, wage and social debts
+€297,676
Advances received
+€239,683
Accrued charges and deferred income
+€929
Investment (derived)
-€130,312
Investment in fixed assets (net)
-€87,704
Current investments
-€42,607
Financing
-€24,000
Contributions, distributions and other
-€24,000
Cash 2025
€3.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,112,468 | €16,689,599 | +€5.6m | +50.2% |
| Fixed assets | 21/28 | €135,689 | €146,735 | +€11,046 | +8.1% |
| Intangible fixed assets | 21 | €1,219 | €174 | -€1,045 | -85.7% |
| Tangible fixed assets | 22/27 | €134,470 | €146,561 | +€12,090 | +9.0% |
| Plant, machinery and equipment | 23 | €96,537 | €89,466 | -€7,071 | -7.3% |
| Furniture and vehicles | 24 | €35,590 | €55,762 | +€20,172 | +56.7% |
| Other tangible fixed assets | 26 | €2,343 | €1,333 | -€1,011 | -43.1% |
| Current assets | 29/58 | €10,976,779 | €16,542,864 | +€5.6m | +50.7% |
| Stocks and contracts in progress | 3 | €8,642,240 | €9,505,150 | +€862,910 | +10.0% |
| Stocks | 30/36 | €8,642,240 | €9,505,150 | +€862,910 | +10.0% |
| Goods purchased for resale | 34 | €8,642,240 | €9,505,150 | +€862,910 | +10.0% |
| Amounts receivable within one year | 40/41 | €1,934,772 | €3,342,565 | +€1.4m | +72.8% |
| Trade receivables | 40 | €1,902,891 | €3,340,664 | +€1.4m | +75.6% |
| Other amounts receivable | 41 | €31,881 | €1,900 | -€29,981 | -94.0% |
| Current investments | 50/53 | €566 | €43,174 | +€42,607 | +7523.3% |
| Other investments | 51/53 | €566 | €43,174 | +€42,607 | +7523.3% |
| Cash at bank and in hand | 54/58 | €369,218 | €3,515,051 | +€3.1m | +852.0% |
| Deferred charges and accrued income | 490/1 | €29,982 | €136,925 | +€106,943 | +356.7% |
| Total equity and liabilities | 10/49 | €11,112,468 | €16,689,599 | +€5.6m | +50.2% |
| Equity | 10/15 | €8,072,250 | €10,067,486 | +€2.0m | +24.7% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €1,737,031 | €2,158,031 | +€421,000 | +24.2% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €842,000 | +€421,000 | +100.0% |
| Distributable reserves | 133 | €1,191,031 | €1,191,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,085,218 | €6,659,455 | +€1.6m | +31.0% |
| Provisions and deferred taxes | 16 | €376,345 | €441,878 | +€65,534 | +17.4% |
| Provisions for liabilities and charges | 160/5 | €376,345 | €441,878 | +€65,534 | +17.4% |
| Other liabilities and charges | 164/5 | €376,345 | €441,878 | +€65,534 | +17.4% |
| Amounts payable | 17/49 | €2,663,873 | €6,180,234 | +€3.5m | +132.0% |
| Amounts payable within one year | 42/48 | €2,645,298 | €6,160,730 | +€3.5m | +132.9% |
| Trade debts | 44 | €1,030,128 | €4,008,201 | +€3.0m | +289.1% |
| Suppliers | 440/4 | €1,030,128 | €4,008,201 | +€3.0m | +289.1% |
| Advances received on contracts in progress | 46 | €614,272 | €853,955 | +€239,683 | +39.0% |
| Taxes, remuneration and social security | 45 | €876,898 | €1,174,574 | +€297,676 | +33.9% |
| Taxes | 450/3 | €508,204 | €719,062 | +€210,857 | +41.5% |
| Remuneration and social security | 454/9 | €368,694 | €455,513 | +€86,819 | +23.5% |
| Other amounts payable | 47/48 | €124,000 | €124,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,575 | €19,504 | +€929 | +5.0% |
| Operating income | 70/76A | €38,545,763 | €44,540,852 | +€6.0m | +15.6% |
| Turnover | 70 | €37,820,708 | €43,597,800 | +€5.8m | +15.3% |
| Other operating income | 74 | €725,054 | €943,052 | +€217,998 | +30.1% |
| Operating charges | 60/66A | €35,927,675 | €41,589,758 | +€5.7m | +15.8% |
| Goods for resale, raw materials and consumables | 60 | €31,665,500 | €36,791,510 | +€5.1m | +16.2% |
| Purchases | 600/8 | €32,716,967 | €37,968,274 | +€5.3m | +16.1% |
| Change in stocks: decrease (increase) | 609 | -€1,051,467 | -€1,176,764 | -€125,297 | -11.9% |
| Services and other goods | 61 | €1,657,848 | €1,997,975 | +€340,128 | +20.5% |
| Remuneration, social security and pensions | 62 | €2,069,458 | €2,336,504 | +€267,045 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,249 | €76,659 | -€100,590 | -56.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €344,634 | €316,674 | -€27,960 | -8.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,528 | €58,921 | +€47,392 | +411.1% |
| Other operating charges | 640/8 | €1,458 | €11,516 | +€10,058 | +689.8% |
| Operating profit (loss) | 9901 | €2,618,088 | €2,951,094 | +€333,007 | +12.7% |
| Financial income | 75/76B | €5,076 | €23,924 | +€18,848 | +371.3% |
| Recurring financial income | 75 | €5,076 | €23,924 | +€18,848 | +371.3% |
| Income from current assets | 751 | €5,074 | €23,902 | +€18,828 | +371.1% |
| Other financial income | 752/9 | €2 | €23 | +€21 | +857.5% |
| Financial charges | 65/66B | €257,542 | €272,832 | +€15,290 | +5.9% |
| Recurring financial charges | 65 | €257,542 | €272,832 | +€15,290 | +5.9% |
| Debt charges | 650 | €11,311 | €3,211 | -€8,100 | -71.6% |
| Other financial charges | 652/9 | €246,231 | €269,621 | +€23,390 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €2,365,622 | €2,702,187 | +€336,565 | +14.2% |
| Income taxes | 67/77 | €597,943 | €682,950 | +€85,007 | +14.2% |
| Taxes | 670/3 | €597,943 | €682,950 | +€85,007 | +14.2% |
| Profit (loss) for the period | 9904 | €1,767,679 | €2,019,237 | +€251,558 | +14.2% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,346,679 | €1,598,237 | +€251,558 | +18.7% |
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 2 October 2026 via checked.be.