A.G. IMMO: 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.
A.G. IMMO
Largest movements
- Tangible fixed assets +€709,786
up €709,786 (+10.6%), from €6.7m to €7.4m
of which Other tangible fixed assets: +€908,219
- Cash +€93,650
up €93,650 (+308%), from €30,419 to €124,069
mainly Debts after one year (+€836,247) and Depreciation (+€198,432)
- Debts after one year +€836,247
up €836,247 (+20.2%), from €4.1m to €5.0m
of which Other amounts payable: +€1.0m
- Gross operating margin -€41,197
down €41,197 (-11.9%), from €346,669 to €305,472
- Purchases and services +€30,580
up €30,580 (+234%), from €13,068 to €43,648
- Turnover -€10,617
down €10,617 (-3.0%), from €359,737 to €349,120
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 | €6,734,668 | €7,538,104 | +€803,436 | +11.9% |
| Fixed assets | 21/28 | €6,704,249 | €7,414,035 | +€709,786 | +10.6% |
| Tangible fixed assets | 22/27 | €6,704,249 | €7,414,035 | +€709,786 | +10.6% |
| Land and buildings | 22 | €5,916,431 | €5,717,998 | -€198,433 | -3.4% |
| Leasing and similar rights | 25 | €200,000 | €200,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €587,818 | €1,496,037 | +€908,219 | +155% |
| Current assets | 29/58 | €30,419 | €124,069 | +€93,650 | +308% |
| Cash at bank and in hand | 54/58 | €30,419 | €124,069 | +€93,650 | +308% |
| Total equity and liabilities | 10/49 | €6,734,668 | €7,538,104 | +€803,436 | +11.9% |
| Equity | 10/15 | €1,918,211 | €1,906,603 | -€11,608 | -0.6% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €1,620,737 | €1,548,936 | -€71,801 | -4.4% |
| Non-distributable reserves | 130/1 | €47,262 | €47,262 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Other | 1319 | €10,078 | €10,078 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,573,475 | €1,501,674 | -€71,801 | -4.6% |
| Profit (loss) carried forward | 14 | -€74,366 | -€14,173 | +€60,193 | +80.9% |
| Provisions and deferred taxes | 16 | €521,425 | €497,491 | -€23,934 | -4.6% |
| Deferred taxes | 168 | €521,425 | €497,491 | -€23,934 | -4.6% |
| Amounts payable | 17/49 | €4,295,032 | €5,134,010 | +€838,978 | +19.5% |
| Amounts payable after more than one year | 17 | €4,134,009 | €4,970,256 | +€836,247 | +20.2% |
| Financial debts | 170/4 | €2,028,576 | €1,864,823 | -€163,753 | -8.1% |
| Other amounts payable | 178/9 | €2,105,433 | €3,105,433 | +€1.0m | +47.5% |
| Amounts payable within one year | 42/48 | €161,023 | €163,754 | +€2,731 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €161,023 | €163,754 | +€2,731 | +1.7% |
| Turnover | 70 | €359,737 | €349,120 | -€10,617 | -3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,068 | €43,648 | +€30,580 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,432 | €198,432 | = | 0.0% |
| Other operating charges | 640/8 | €88,202 | €90,884 | +€2,682 | +3.0% |
| Gross operating margin | 9900 | €346,669 | €305,472 | -€41,197 | -11.9% |
| Operating profit (loss) | 9901 | €60,035 | €16,156 | -€43,879 | -73.1% |
| Financial charges | 65/66B | €55,267 | €51,697 | -€3,570 | -6.5% |
| Recurring financial charges | 65 | €55,267 | €51,697 | -€3,570 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €4,768 | -€35,541 | -€40,309 | |
| Transfer from deferred taxes | 780 | €23,933 | €23,933 | = | 0.0% |
| Profit (loss) for the period | 9904 | €28,701 | -€11,608 | -€40,309 | |
| Transfer from tax-exempt reserves | 789 | €71,801 | €71,801 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,502 | €60,193 | -€40,309 | -40.1% |
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.