AG TECH CHAUFFAGE: 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 TECH CHAUFFAGE
Largest movements
- Tangible fixed assets +€190,233
up €190,233 (+5,700%), from €3,337 to €193,570
of which Land and buildings: +€182,636
- Receivables within one year -€38,927
down €38,927 (-26.1%), from €149,197 to €110,270
of which Other amounts receivable: -€19,748
- Cash +€17,463
up €17,463 (+11.5%), from €151,225 to €168,687
mainly Debts after one year (+€163,494) and Net result for the year (+€92,696)
- Stocks and contracts -€7,500
down €7,500 (-62.5%), from €12,000 to €4,500
- Debts after one year +€163,494
new in 2025: €163,494
- Accrued charges and deferred income -€23,782
down €23,782 (-59.2%), from €40,143 to €16,361
- Tax, wage and social debts +€10,029
up €10,029 (+46.8%), from €21,432 to €31,461
of which Taxes: +€10,000
- Reserves +€9,194
up €9,194 (+4.0%), from €227,333 to €236,527
of which Distributable reserves: +€9,194
- Trade debts +€8,047
up €8,047 (+393%), from €2,050 to €10,097
- Gross operating margin +€28,677
up €28,677 (+22.7%), from €126,563 to €155,240
- Financial charges +€13,579
up €13,579 (+702%), from €1,934 to €15,513
- Other operating charges -€10,572
down €10,572 (-79.2%), from €13,348 to €2,776
- Depreciation +€4,607
up €4,607 (+205%), from €2,243 to €6,850
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 | €315,759 | €477,027 | +€161,268 | +51.1% |
| Fixed assets | 21/28 | €3,337 | €193,570 | +€190,233 | +5,700% |
| Tangible fixed assets | 22/27 | €3,337 | €193,570 | +€190,233 | +5,700% |
| Land and buildings | 22 | - | €182,636 | +€182,636 | |
| Plant, machinery and equipment | 23 | €99 | - | -€99 | |
| Furniture and vehicles | 24 | €3,238 | €10,934 | +€7,696 | +238% |
| Current assets | 29/58 | €312,422 | €283,457 | -€28,965 | -9.3% |
| Stocks and contracts in progress | 3 | €12,000 | €4,500 | -€7,500 | -62.5% |
| Stocks | 30/36 | €12,000 | €4,500 | -€7,500 | -62.5% |
| Amounts receivable within one year | 40/41 | €149,197 | €110,270 | -€38,927 | -26.1% |
| Trade receivables | 40 | €42,166 | €22,987 | -€19,179 | -45.5% |
| Other amounts receivable | 41 | €107,031 | €87,283 | -€19,748 | -18.5% |
| Cash at bank and in hand | 54/58 | €151,225 | €168,687 | +€17,463 | +11.5% |
| Total equity and liabilities | 10/49 | €315,759 | €477,027 | +€161,268 | +51.1% |
| Equity | 10/15 | €245,178 | €246,372 | +€1,194 | +0.5% |
| Contributions | 10/11 | €8,000 | - | -€8,000 | |
| Reserves | 13 | €227,333 | €236,527 | +€9,194 | +4.0% |
| 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 | €225,473 | €234,667 | +€9,194 | +4.1% |
| Profit (loss) carried forward | 14 | €9,844 | €9,844 | = | 0.0% |
| Amounts payable | 17/49 | €70,582 | €230,656 | +€160,074 | +227% |
| Amounts payable after more than one year | 17 | - | €163,494 | +€163,494 | |
| Financial debts | 170/4 | - | €163,494 | +€163,494 | |
| Amounts payable within one year | 42/48 | €30,439 | €50,800 | +€20,361 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €6,957 | €9,242 | +€2,285 | +32.8% |
| Trade debts | 44 | €2,050 | €10,097 | +€8,047 | +393% |
| Suppliers | 440/4 | €2,050 | €10,097 | +€8,047 | +393% |
| Taxes, remuneration and social security | 45 | €21,432 | €31,461 | +€10,029 | +46.8% |
| Taxes | 450/3 | €19,000 | €29,000 | +€10,000 | +52.6% |
| Remuneration and social security | 454/9 | €2,432 | €2,461 | +€29 | +1.2% |
| Accrued charges and deferred income | 492/3 | €40,143 | €16,361 | -€23,782 | -59.2% |
| Remuneration, social security and pensions | 62 | €1,317 | - | -€1,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,243 | €6,850 | +€4,607 | +205% |
| Other operating charges | 640/8 | €13,348 | €2,776 | -€10,572 | -79.2% |
| Gross operating margin | 9900 | €126,563 | €155,240 | +€28,677 | +22.7% |
| Operating profit (loss) | 9901 | €109,655 | €145,614 | +€35,959 | +32.8% |
| Financial income | 75/76B | €5,252 | €5,095 | -€157 | -3.0% |
| Recurring financial income | 75 | €5,252 | €5,095 | -€157 | -3.0% |
| Financial charges | 65/66B | €1,934 | €15,513 | +€13,579 | +702% |
| Recurring financial charges | 65 | €1,934 | €15,513 | +€13,579 | +702% |
| Profit (loss) for the period before taxes | 9903 | €112,973 | €135,196 | +€22,223 | +19.7% |
| Income taxes | 67/77 | €42,650 | €42,500 | -€150 | -0.4% |
| Profit (loss) for the period | 9904 | €70,323 | €92,696 | +€22,373 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,323 | €92,696 | +€22,373 | +31.8% |
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 14 October 2026 via checked.be.