AGT ENGINEERING: 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.
AGT ENGINEERING
Largest movements
- Receivables within one year +€186,789
up €186,789 (+128%), from €146,278 to €333,067
of which Trade receivables: +€203,413
- Cash +€110,647
up €110,647 (+77.7%), from €142,437 to €253,084
mainly Net result for the year (+€253,621) and Other debts (+€71,007)
- Tangible fixed assets -€27,456
down €27,456 (-19.6%), from €140,294 to €112,838
- Deferred charges and accrued income +€24,975
up €24,975 (+394%), from €6,345 to €31,320
- Reserves +€160,500
up €160,500 (+97.1%), from €165,360 to €325,860
- Other debts +€71,007
up €71,007 (+1,586%), from €4,478 to €75,485
- Tax, wage and social debts +€41,785
up €41,785 (+143%), from €29,241 to €71,026
of which Taxes: +€46,664
- Trade debts +€23,338
up €23,338 (+30.5%), from €76,418 to €99,755
- Debts after one year -€16,920
down €16,920 (-21.5%), from €78,725 to €61,805
- Gross operating margin +€250,051
up €250,051 (+69.1%), from €361,862 to €611,913
- Taxes +€74,721
up €74,721 (+178%), from €42,010 to €116,731
- Other operating charges -€7,328
down €7,328 (-33.2%), from €22,079 to €14,752
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 | €441,463 | €733,482 | +€292,019 | +66.1% |
| Fixed assets | 21/28 | €140,294 | €112,838 | -€27,456 | -19.6% |
| Tangible fixed assets | 22/27 | €140,294 | €112,838 | -€27,456 | -19.6% |
| Land and buildings | 22 | €66,871 | €62,154 | -€4,718 | -7.1% |
| Plant, machinery and equipment | 23 | €18,800 | €9,273 | -€9,527 | -50.7% |
| Furniture and vehicles | 24 | €54,623 | €41,411 | -€13,212 | -24.2% |
| Current assets | 29/58 | €301,168 | €620,644 | +€319,475 | +106% |
| Stocks and contracts in progress | 3 | €6,108 | €3,172 | -€2,936 | -48.1% |
| Stocks | 30/36 | €6,108 | €3,172 | -€2,936 | -48.1% |
| Amounts receivable within one year | 40/41 | €146,278 | €333,067 | +€186,789 | +128% |
| Trade receivables | 40 | €108,005 | €311,418 | +€203,413 | +188% |
| Other amounts receivable | 41 | €38,273 | €21,649 | -€16,625 | -43.4% |
| Cash at bank and in hand | 54/58 | €142,437 | €253,084 | +€110,647 | +77.7% |
| Deferred charges and accrued income | 490/1 | €6,345 | €31,320 | +€24,975 | +394% |
| Total equity and liabilities | 10/49 | €441,463 | €733,482 | +€292,019 | +66.1% |
| Equity | 10/15 | €171,788 | €332,109 | +€160,321 | +93.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,360 | €325,860 | +€160,500 | +97.1% |
| Distributable reserves | 133 | €165,360 | €325,860 | +€160,500 | +97.1% |
| Profit (loss) carried forward | 14 | €228 | €49 | -€179 | -78.6% |
| Amounts payable | 17/49 | €269,675 | €401,373 | +€131,698 | +48.8% |
| Amounts payable after more than one year | 17 | €78,725 | €61,805 | -€16,920 | -21.5% |
| Financial debts | 170/4 | €78,725 | €61,805 | -€16,920 | -21.5% |
| Amounts payable within one year | 42/48 | €190,913 | €339,531 | +€148,618 | +77.8% |
| Current portion of amounts payable after more than one year | 42 | €16,266 | €16,920 | +€654 | +4.0% |
| Financial debts | 43 | €26,771 | €38,606 | +€11,835 | +44.2% |
| Credit institutions | 430/8 | €26,771 | €38,606 | +€11,835 | +44.2% |
| Trade debts | 44 | €76,418 | €99,755 | +€23,338 | +30.5% |
| Suppliers | 440/4 | €76,418 | €99,755 | +€23,338 | +30.5% |
| Advances received on contracts in progress | 46 | €37,738 | €37,738 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €29,241 | €71,026 | +€41,785 | +143% |
| Taxes | 450/3 | €8,722 | €55,386 | +€46,664 | +535% |
| Remuneration and social security | 454/9 | €20,519 | €15,640 | -€4,879 | -23.8% |
| Other amounts payable | 47/48 | €4,478 | €75,485 | +€71,007 | +1,586% |
| Accrued charges and deferred income | 492/3 | €38 | €38 | = | 0.0% |
| Non-recurring operating income | 76A | €123 | - | -€123 | |
| Remuneration, social security and pensions | 62 | €193,210 | €191,037 | -€2,173 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,069 | €31,570 | +€2,500 | +8.6% |
| Other operating charges | 640/8 | €22,079 | €14,752 | -€7,328 | -33.2% |
| Gross operating margin | 9900 | €361,862 | €611,913 | +€250,051 | +69.1% |
| Operating profit (loss) | 9901 | €117,503 | €374,555 | +€257,052 | +219% |
| Financial income | 75/76B | €372 | €1,541 | +€1,169 | +314% |
| Recurring financial income | 75 | €372 | €1,541 | +€1,169 | +314% |
| Financial charges | 65/66B | €5,798 | €5,744 | -€54 | -0.9% |
| Recurring financial charges | 65 | €5,798 | €5,744 | -€54 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €112,077 | €370,352 | +€258,275 | +230% |
| Income taxes | 67/77 | €42,010 | €116,731 | +€74,721 | +178% |
| Profit (loss) for the period | 9904 | €70,067 | €253,621 | +€183,554 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €70,067 | €253,621 | +€183,554 | +262% |
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 16 October 2026 via checked.be.