AGV TECHNICS: 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.
AGV TECHNICS
Largest movements
- Receivables within one year +€29,210
up €29,210 (+51.5%), from €56,680 to €85,889
of which Trade receivables: +€25,826
- Cash -€6,522
down €6,522 (-39.9%), from €16,336 to €9,815
mainly Receivables within one year (-€29,210) and Trade debts (-€13,943)
- Tangible fixed assets -€3,268
down €3,268 (-21.0%), from €15,556 to €12,287
- Reserves +€25,786
up €25,786 (+82.5%), from €31,274 to €57,060
- Trade debts -€13,943
down €13,943 (-45.1%), from €30,912 to €16,969
- Tax, wage and social debts +€8,519
up €8,519 (+45.8%), from €18,583 to €27,103
of which Remuneration and social security: +€14,041
- Staff costs +€21,651
up €21,651 (+65.9%), from €32,849 to €54,500
- Gross operating margin +€17,666
up €17,666 (+22.0%), from €80,263 to €97,928
- Depreciation +€2,922
up €2,922 (+845%), from €346 to €3,268
- Taxes -€2,594
down €2,594 (-17.0%), from €15,226 to €12,631
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 | €88,572 | €107,991 | +€19,420 | +21.9% |
| Fixed assets | 21/28 | €15,556 | €12,287 | -€3,268 | -21.0% |
| Tangible fixed assets | 22/27 | €15,556 | €12,287 | -€3,268 | -21.0% |
| Furniture and vehicles | 24 | €15,556 | €12,287 | -€3,268 | -21.0% |
| Current assets | 29/58 | €73,016 | €95,704 | +€22,688 | +31.1% |
| Amounts receivable within one year | 40/41 | €56,680 | €85,889 | +€29,210 | +51.5% |
| Trade receivables | 40 | €56,680 | €82,505 | +€25,826 | +45.6% |
| Other amounts receivable | 41 | - | €3,384 | +€3,384 | |
| Cash at bank and in hand | 54/58 | €16,336 | €9,815 | -€6,522 | -39.9% |
| Total equity and liabilities | 10/49 | €88,572 | €107,991 | +€19,420 | +21.9% |
| Equity | 10/15 | €33,774 | €59,560 | +€25,786 | +76.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,274 | €57,060 | +€25,786 | +82.5% |
| Distributable reserves | 133 | €31,274 | €57,060 | +€25,786 | +82.5% |
| Amounts payable | 17/49 | €54,798 | €48,432 | -€6,366 | -11.6% |
| Amounts payable within one year | 42/48 | €54,798 | €48,432 | -€6,366 | -11.6% |
| Trade debts | 44 | €30,912 | €16,969 | -€13,943 | -45.1% |
| Suppliers | 440/4 | €30,912 | €16,969 | -€13,943 | -45.1% |
| Taxes, remuneration and social security | 45 | €18,583 | €27,103 | +€8,519 | +45.8% |
| Taxes | 450/3 | €18,583 | €13,062 | -€5,522 | -29.7% |
| Remuneration and social security | 454/9 | - | €14,041 | +€14,041 | |
| Other amounts payable | 47/48 | €5,302 | €4,360 | -€942 | -17.8% |
| Remuneration, social security and pensions | 62 | €32,849 | €54,500 | +€21,651 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €3,268 | +€2,922 | +845% |
| Other operating charges | 640/8 | €331 | €534 | +€203 | +61.2% |
| Gross operating margin | 9900 | €80,263 | €97,928 | +€17,666 | +22.0% |
| Operating profit (loss) | 9901 | €46,737 | €39,626 | -€7,111 | -15.2% |
| Financial charges | 65/66B | €237 | €1,209 | +€972 | +410% |
| Recurring financial charges | 65 | €237 | €1,209 | +€972 | +410% |
| Profit (loss) for the period before taxes | 9903 | €46,499 | €38,417 | -€8,082 | -17.4% |
| Income taxes | 67/77 | €15,226 | €12,631 | -€2,594 | -17.0% |
| Profit (loss) for the period | 9904 | €31,274 | €25,786 | -€5,488 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,274 | €25,786 | -€5,488 | -17.5% |
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.