AGTech: 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.
AGTech
Largest movements
- Receivables within one year +€511,324
up €511,324 (+165%), from €309,857 to €821,181
of which Other amounts receivable: +€331,826
- Cash +€361,450
up €361,450 (+108%), from €335,239 to €696,690
mainly Net result for the year (+€915,979) and Other debts (+€400,089)
- Current investments -€200,015
down €200,015 (-100%), from €200,015 to €0
- Tangible fixed assets +€155,426
up €155,426 (+27.1%), from €574,338 to €729,765
of which Plant, machinery and equipment: +€102,572
- Reserves +€520,949
up €520,949 (+182%), from €285,750 to €806,699
of which Distributable reserves: +€542,949
- Other debts +€400,089
new in 2025: €400,089
- Trade debts +€63,537
up €63,537 (+45.2%), from €140,498 to €204,034
- Debts after one year -€62,761
down €62,761 (-9.6%), from €652,913 to €590,152
- Tax, wage and social debts -€61,676
down €61,676 (-88.4%), from €69,793 to €8,117
of which Taxes: -€65,841
- Gross operating margin +€806,438
up €806,438 (+118%), from €685,012 to €1.5m
- Taxes +€81,329
up €81,329 (+94.7%), from €85,848 to €167,177
- Staff costs +€45,112
up €45,112 (+37.1%), from €121,705 to €166,817
- Depreciation +€17,915
up €17,915 (+8.7%), from €206,090 to €224,005
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 | €1,440,012 | €2,292,556 | +€852,544 | +59.2% |
| Fixed assets | 21/28 | €574,338 | €740,423 | +€166,085 | +28.9% |
| Intangible fixed assets | 21 | - | €10,659 | +€10,659 | |
| Tangible fixed assets | 22/27 | €574,338 | €729,765 | +€155,426 | +27.1% |
| Plant, machinery and equipment | 23 | €426,133 | €528,705 | +€102,572 | +24.1% |
| Furniture and vehicles | 24 | €148,206 | €201,060 | +€52,854 | +35.7% |
| Current assets | 29/58 | €865,673 | €1,552,133 | +€686,459 | +79.3% |
| Stocks and contracts in progress | 3 | €11,808 | €22,636 | +€10,829 | +91.7% |
| Stocks | 30/36 | €11,808 | €22,636 | +€10,829 | +91.7% |
| Amounts receivable within one year | 40/41 | €309,857 | €821,181 | +€511,324 | +165% |
| Trade receivables | 40 | €277,185 | €456,682 | +€179,498 | +64.8% |
| Other amounts receivable | 41 | €32,672 | €364,499 | +€331,826 | +1,016% |
| Current investments | 50/53 | €200,015 | €0 | -€200,015 | -100% |
| Cash at bank and in hand | 54/58 | €335,239 | €696,690 | +€361,450 | +108% |
| Deferred charges and accrued income | 490/1 | €8,754 | €11,626 | +€2,872 | +32.8% |
| Total equity and liabilities | 10/49 | €1,440,012 | €2,292,556 | +€852,544 | +59.2% |
| Equity | 10/15 | €340,720 | €856,699 | +€515,979 | +151% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €285,750 | €806,699 | +€520,949 | +182% |
| Tax-exempt reserves | 132 | €40,750 | €18,750 | -€22,000 | -54.0% |
| Distributable reserves | 133 | €245,000 | €787,949 | +€542,949 | +222% |
| Profit (loss) carried forward | 14 | €4,970 | €0 | -€4,970 | -100% |
| Amounts payable | 17/49 | €1,099,292 | €1,435,857 | +€336,565 | +30.6% |
| Amounts payable after more than one year | 17 | €652,913 | €590,152 | -€62,761 | -9.6% |
| Financial debts | 170/4 | €652,913 | €590,152 | -€62,761 | -9.6% |
| Amounts payable within one year | 42/48 | €446,380 | €845,705 | +€399,326 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €235,289 | €232,256 | -€3,033 | -1.3% |
| Financial debts | 43 | €800 | €1,209 | +€409 | +51.1% |
| Credit institutions | 430/8 | €800 | €1,209 | +€409 | +51.1% |
| Trade debts | 44 | €140,498 | €204,034 | +€63,537 | +45.2% |
| Suppliers | 440/4 | €140,498 | €204,034 | +€63,537 | +45.2% |
| Taxes, remuneration and social security | 45 | €69,793 | €8,117 | -€61,676 | -88.4% |
| Taxes | 450/3 | €65,841 | €0 | -€65,841 | -100% |
| Remuneration and social security | 454/9 | €3,952 | €8,117 | +€4,165 | +105% |
| Other amounts payable | 47/48 | - | €400,089 | +€400,089 | |
| Non-recurring operating income | 76A | €3,082 | €2,479 | -€604 | -19.6% |
| Remuneration, social security and pensions | 62 | €121,705 | €166,817 | +€45,112 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,090 | €224,005 | +€17,915 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,779 | €0 | -€2,779 | -100% |
| Other operating charges | 640/8 | €12,893 | €15,942 | +€3,049 | +23.6% |
| Non-recurring operating charges | 66A | €2,441 | €0 | -€2,441 | -100% |
| Gross operating margin | 9900 | €685,012 | €1,491,449 | +€806,438 | +118% |
| Operating profit (loss) | 9901 | €339,103 | €1,084,685 | +€745,581 | +220% |
| Financial income | 75/76B | €276 | €2,328 | +€2,052 | +744% |
| Recurring financial income | 75 | €276 | €2,328 | +€2,052 | +744% |
| Financial charges | 65/66B | €3,562 | €3,857 | +€295 | +8.3% |
| Recurring financial charges | 65 | €3,562 | €3,857 | +€295 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €335,817 | €1,083,156 | +€747,338 | +223% |
| Income taxes | 67/77 | €85,848 | €167,177 | +€81,329 | +94.7% |
| Profit (loss) for the period | 9904 | €249,970 | €915,979 | +€666,010 | +266% |
| Transfer from tax-exempt reserves | 789 | - | €22,000 | +€22,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €249,970 | €937,979 | +€688,010 | +275% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.