AGINODE BELGIUM: 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.
What changed
AGINODE BELGIUM
NACE 27.320, Manufacture of electrical equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€2.1m
2023 · €247,366+€1.8m
Equity
€19.6m
2023 · €19.6m-€61,498
Cash
€703,913
2023 · €3.5m-€2.8m
Balance sheet total
€33.7m
2023 · €26.6m+€7.1m
Largest movements
Assets
- Receivables within one year +€8.0m
up €8.0m (+38.0%), from €20.9m to €28.9m
of which Other amounts receivable: +€7.7m
- Cash -€2.8m
down €2.8m (-79.8%), from €3.5m to €703,913
mainly Receivables within one year (-€8.0m) and Contributions, distributions and other (-€2.2m)
- Stocks and contracts +€1.6m
up €1.6m (+93.2%), from €1.7m to €3.3m
- Financial fixed assets +€588,775
up €588,775 (+366%), from €160,843 to €749,618
of which Other financial fixed assets: +€588,775
Equity and liabilities
- Short-term financial debts +€3.4m
new in 2024: €3.4m
- Other debts +€1.5m
new in 2024: €1.5m
- Trade debts +€1.1m
up €1.1m (+22.0%), from €5.2m to €6.4m
- Tax, wage and social debts +€737,761
up €737,761 (+84.3%), from €875,484 to €1.6m
of which Taxes: +€710,678
- Accrued charges and deferred income +€463,317
up €463,317 (+458,730%), from €101 to €463,418
Income statement
- Turnover +€5.9m
up €5.9m (+17.2%), from €34.1m to €40.0m
- Goods and materials +€5.0m
up €5.0m (+21.2%), from €23.7m to €28.7m
of which Purchases: +€6.6m
- Write-downs -€1.3m
down €1.3m, from €491,115 to -€775,746
- Services and other goods +€751,739
up €751,739 (+9.3%), from €8.1m to €8.8m
- Taxes +€537,461
up €537,461 (+344%), from €156,096 to €693,557
of which Taxes: +€508,376
From the 2023 result to the 2024 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 2023
€247,366
Turnover
+€5.9m
Other operating income
+€427,498
Goods and materials
-€5.0m
Services and other goods
-€751,739
Staff costs
+€136,960
Depreciation
+€61,549
Write-downs
+€1.3m
Provisions
+€505,704
Other operating charges
+€2,025
Other operating items
+€27,000
Financial income
+€56,161
Financial charges
-€189,624
Taxes
-€537,461
Result 2024
€2.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3.4m
Investment
-€588,775
Financing
+€1.2m
Cash 2023
€3.5m
From operations (derived)
-€3.4m
Net result for the year
+€2.1m
Depreciation
+€12,981
Stocks and contracts
-€1.6m
Receivables within one year
-€8.0m
Deferred charges and accrued income
+€299,104
Provisions
-€115,702
Trade debts
+€1.1m
Tax, wage and social debts
+€737,761
Other debts
+€1.5m
Accrued charges and deferred income
+€463,317
Investment (derived)
-€588,775
Investment in fixed assets (net)
-€588,775
Financing
+€1.2m
Short-term financial debts
+€3.4m
Contributions, distributions and other
-€2.2m
Cash 2024
€703,913
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,635,436 | €33,688,288 | +€7.1m | +26.5% |
| Fixed assets | 21/28 | €173,824 | €749,618 | +€575,794 | +331% |
| Intangible fixed assets | 21 | €9,214 | €0 | -€9,214 | -100% |
| Tangible fixed assets | 22/27 | €3,767 | €0 | -€3,767 | -100% |
| Plant, machinery and equipment | 23 | €3,767 | €0 | -€3,767 | -100% |
| Financial fixed assets | 28 | €160,843 | €749,618 | +€588,775 | +366% |
| Affiliated companies | 280/1 | €160,843 | €160,843 | -€0 | 0.0% |
| Participating interests | 280 | €160,843 | €160,843 | -€0 | 0.0% |
| Other financial fixed assets | 284/8 | - | €588,775 | +€588,775 | |
| Amounts receivable and cash guarantees | 285/8 | - | €588,775 | +€588,775 | |
| Current assets | 29/58 | €26,461,612 | €32,938,670 | +€6.5m | +24.5% |
| Stocks and contracts in progress | 3 | €1,709,916 | €3,303,808 | +€1.6m | +93.2% |
| Stocks | 30/36 | €1,709,916 | €3,303,808 | +€1.6m | +93.2% |
| Goods purchased for resale | 34 | €1,709,916 | €3,303,808 | +€1.6m | +93.2% |
| Amounts receivable within one year | 40/41 | €20,943,273 | €28,902,933 | +€8.0m | +38.0% |
| Trade receivables | 40 | €6,883,999 | €7,136,419 | +€252,420 | +3.7% |
| Other amounts receivable | 41 | €14,059,274 | €21,766,514 | +€7.7m | +54.8% |
| Cash at bank and in hand | 54/58 | €3,481,302 | €703,913 | -€2.8m | -79.8% |
| Deferred charges and accrued income | 490/1 | €327,121 | €28,017 | -€299,104 | -91.4% |
| Total equity and liabilities | 10/49 | €26,635,436 | €33,688,288 | +€7.1m | +26.5% |
| Equity | 10/15 | €19,643,544 | €19,582,046 | -€61,498 | -0.3% |
| Contributions | 10/11 | €19,278,778 | €19,278,778 | +€0 | 0.0% |
| Capital | 10 | €19,278,778 | €19,278,778 | +€0 | 0.0% |
| Issued capital | 100 | €19,278,778 | €19,278,778 | +€0 | 0.0% |
| Reserves | 13 | €129,441 | €221,888 | +€92,447 | +71.4% |
| Non-distributable reserves | 130/1 | €129,441 | €221,888 | +€92,447 | +71.4% |
| Legal reserve | 130 | €129,441 | €221,888 | +€92,447 | +71.4% |
| Profit (loss) carried forward | 14 | €235,325 | €81,380 | -€153,945 | -65.4% |
| Provisions and deferred taxes | 16 | €883,324 | €767,622 | -€115,702 | -13.1% |
| Provisions for liabilities and charges | 160/5 | €883,324 | €767,622 | -€115,702 | -13.1% |
| Other liabilities and charges | 164/5 | €883,324 | €767,622 | -€115,702 | -13.1% |
| Amounts payable | 17/49 | €6,108,568 | €13,338,620 | +€7.2m | +118% |
| Amounts payable within one year | 42/48 | €6,108,467 | €12,875,202 | +€6.8m | +111% |
| Financial debts | 43 | - | €3,379,721 | +€3.4m | |
| Credit institutions | 430/8 | - | €3,379,721 | +€3.4m | |
| Trade debts | 44 | €5,232,983 | €6,382,236 | +€1.1m | +22.0% |
| Suppliers | 440/4 | €5,232,983 | €6,382,236 | +€1.1m | +22.0% |
| Taxes, remuneration and social security | 45 | €875,484 | €1,613,245 | +€737,761 | +84.3% |
| Taxes | 450/3 | €261,897 | €972,575 | +€710,678 | +271% |
| Remuneration and social security | 454/9 | €613,587 | €640,671 | +€27,084 | +4.4% |
| Other amounts payable | 47/48 | - | €1,500,000 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | €101 | €463,418 | +€463,317 | +458,730% |
| Operating income | 70/76A | €35,326,677 | €41,612,547 | +€6.3m | +17.8% |
| Turnover | 70 | €34,120,411 | €39,978,783 | +€5.9m | +17.2% |
| Other operating income | 74 | €1,206,266 | €1,633,764 | +€427,498 | +35.4% |
| Operating charges | 60/66A | €35,389,795 | €39,155,445 | +€3.8m | +10.6% |
| Goods for resale, raw materials and consumables | 60 | €23,687,993 | €28,702,002 | +€5.0m | +21.2% |
| Purchases | 600/8 | €22,098,755 | €28,673,662 | +€6.6m | +29.8% |
| Change in stocks: decrease (increase) | 609 | €1,589,238 | €28,340 | -€1.6m | -98.2% |
| Services and other goods | 61 | €8,050,687 | €8,802,426 | +€751,739 | +9.3% |
| Remuneration, social security and pensions | 62 | €2,648,153 | €2,511,193 | -€136,960 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,530 | €12,981 | -€61,549 | -82.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €491,115 | -€775,746 | -€1.3m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €390,002 | -€115,702 | -€505,704 | |
| Other operating charges | 640/8 | €20,315 | €18,290 | -€2,025 | -10.0% |
| Non-recurring operating charges | 66A | €27,000 | - | -€27,000 | |
| Operating profit (loss) | 9901 | -€63,118 | €2,457,102 | +€2.5m | |
| Financial income | 75/76B | €951,364 | €1,007,525 | +€56,161 | +5.9% |
| Recurring financial income | 75 | €951,364 | €1,007,525 | +€56,161 | +5.9% |
| Income from current assets | 751 | €600,942 | €585,265 | -€15,677 | -2.6% |
| Other financial income | 752/9 | €350,422 | €422,260 | +€71,838 | +20.5% |
| Financial charges | 65/66B | €484,784 | €674,408 | +€189,624 | +39.1% |
| Recurring financial charges | 65 | €484,784 | €674,408 | +€189,624 | +39.1% |
| Debt charges | 650 | €19,341 | €16,020 | -€3,321 | -17.2% |
| Other financial charges | 652/9 | €465,443 | €658,388 | +€192,945 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €403,462 | €2,790,219 | +€2.4m | +592% |
| Income taxes | 67/77 | €156,096 | €693,557 | +€537,461 | +344% |
| Taxes | 670/3 | €185,181 | €693,557 | +€508,376 | +275% |
| Tax adjustments and reversals of tax provisions | 77 | €29,085 | - | -€29,085 | |
| Profit (loss) for the period | 9904 | €247,366 | €2,096,662 | +€1.8m | +748% |
| Profit (loss) for the period to be appropriated | 9905 | €247,366 | €2,096,662 | +€1.8m | +748% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.