AGO TECHNIQUES: 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.
AGO TECHNIQUES
Largest movements
- Tangible fixed assets -€40,017
down €40,017 (-16.5%), from €241,878 to €201,861
- Cash +€23,450
up €23,450 (+40.9%), from €57,361 to €80,811
mainly Depreciation (+€58,731) and Receivables within one year (+€23,050)
- Receivables within one year -€23,050
down €23,050 (-15.2%), from €151,623 to €128,572
of which Trade receivables: -€35,805
- Stocks and contracts -€20,203
down €20,203 (-23.5%), from €85,867 to €65,664
- Current portion of long-term debt -€24,191
down €24,191 (-51.5%), from €46,997 to €22,806
- Debts after one year -€22,806
down €22,806 (-75.7%), from €30,145 to €7,339
- Trade debts -€12,141
down €12,141 (-19.9%), from €60,918 to €48,777
- Tax, wage and social debts -€12,089
down €12,089 (-54.5%), from €22,163 to €10,074
- Profit (loss) carried forward +€8,977
up €8,977 (+262%), from €3,429 to €12,406
- Turnover -€119,818
down €119,818 (-15.5%), from €774,545 to €654,727
- Purchases and services -€108,565
down €108,565 (-16.1%), from €676,388 to €567,823
- Gross operating margin -€30,742
down €30,742 (-29.6%), from €103,919 to €73,177
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 | €539,579 | €476,908 | -€62,671 | -11.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €242,051 | €201,861 | -€40,190 | -16.6% |
| Intangible fixed assets | 21 | €173 | €0 | -€173 | -100% |
| Tangible fixed assets | 22/27 | €241,878 | €201,861 | -€40,017 | -16.5% |
| Land and buildings | 22 | €60,785 | €57,777 | -€3,008 | -4.9% |
| Plant, machinery and equipment | 23 | €128,371 | €109,131 | -€19,241 | -15.0% |
| Furniture and vehicles | 24 | €52,722 | €34,954 | -€17,769 | -33.7% |
| Current assets | 29/58 | €297,528 | €275,047 | -€22,481 | -7.6% |
| Stocks and contracts in progress | 3 | €85,867 | €65,664 | -€20,203 | -23.5% |
| Stocks | 30/36 | €85,867 | €65,664 | -€20,203 | -23.5% |
| Amounts receivable within one year | 40/41 | €151,623 | €128,572 | -€23,050 | -15.2% |
| Trade receivables | 40 | €150,995 | €115,190 | -€35,805 | -23.7% |
| Other amounts receivable | 41 | €628 | €13,382 | +€12,755 | +2,031% |
| Cash at bank and in hand | 54/58 | €57,361 | €80,811 | +€23,450 | +40.9% |
| Deferred charges and accrued income | 490/1 | €2,677 | €0 | -€2,677 | -100% |
| Total equity and liabilities | 10/49 | €539,579 | €476,908 | -€62,671 | -11.6% |
| Equity | 10/15 | €373,929 | €382,906 | +€8,977 | +2.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €365,500 | €365,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €365,000 | €365,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,429 | €12,406 | +€8,977 | +262% |
| Amounts payable | 17/49 | €165,650 | €94,002 | -€71,647 | -43.3% |
| Amounts payable after more than one year | 17 | €30,145 | €7,339 | -€22,806 | -75.7% |
| Financial debts | 170/4 | €30,145 | €7,339 | -€22,806 | -75.7% |
| Amounts payable within one year | 42/48 | €135,086 | €86,664 | -€48,422 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €46,997 | €22,806 | -€24,191 | -51.5% |
| Trade debts | 44 | €60,918 | €48,777 | -€12,141 | -19.9% |
| Suppliers | 440/4 | €60,918 | €48,777 | -€12,141 | -19.9% |
| Taxes, remuneration and social security | 45 | €22,163 | €10,074 | -€12,089 | -54.5% |
| Taxes | 450/3 | €22,163 | €10,074 | -€12,089 | -54.5% |
| Other amounts payable | 47/48 | €5,007 | €5,007 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €420 | €0 | -€420 | -100% |
| Turnover | 70 | €774,545 | €654,727 | -€119,818 | -15.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €676,388 | €567,823 | -€108,565 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,962 | €58,731 | -€7,231 | -11.0% |
| Other operating charges | 640/8 | €5,137 | €1,486 | -€3,651 | -71.1% |
| Gross operating margin | 9900 | €103,919 | €73,177 | -€30,742 | -29.6% |
| Operating profit (loss) | 9901 | €32,820 | €12,960 | -€19,860 | -60.5% |
| Financial income | 75/76B | €220 | €250 | +€30 | +13.6% |
| Recurring financial income | 75 | €220 | €250 | +€30 | +13.6% |
| Financial charges | 65/66B | €2,972 | €1,869 | -€1,103 | -37.1% |
| Recurring financial charges | 65 | €2,972 | €1,869 | -€1,103 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €30,068 | €11,341 | -€18,727 | -62.3% |
| Income taxes | 67/77 | €6,062 | €2,364 | -€3,698 | -61.0% |
| Profit (loss) for the period | 9904 | €24,006 | €8,977 | -€15,029 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,006 | €8,977 | -€15,029 | -62.6% |
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 25 October 2026 via checked.be.