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
- Financial fixed assets -€950,000
down €950,000 (-100%), from €950,000 to €0
- Tangible fixed assets +€822,442
up €822,442 (+856%), from €96,085 to €918,527
of which Land and buildings: +€836,016
- Current investments +€66,394
up €66,394 (+56.0%), from €118,606 to €185,000
- Receivables within one year -€38,430
down €38,430 (-99.8%), from €38,494 to €64
of which Other amounts receivable: -€38,494
- Debts after one year -€144,760
down €144,760 (-13.5%), from €1.1m to €929,887
of which Financial debts: -€144,760
- Other debts -€106,072
no longer reported in 2025 (was €106,072)
- Profit (loss) carried forward +€98,402
up €98,402 (+150%), from €65,614 to €164,017
- Short-term financial debts +€55,068
up €55,068 (+420%), from €13,116 to €68,183
- Gross operating margin -€339,427
down €339,427 (-68.0%), from €499,133 to €159,706
- Financial income +€35,478
up €35,478 (+1,457%), from €2,435 to €37,912
of which Non-recurring financial income: +€34,747
- Taxes -€21,461
down €21,461 (-47.7%), from €44,987 to €23,526
- Depreciation +€7,515
up €7,515 (+23.3%), from €32,278 to €39,793
- Other operating charges -€6,315
down €6,315 (-37.7%), from €16,746 to €10,432
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 | €1,621,555 | €1,522,750 | -€98,805 | -6.1% |
| Fixed assets | 21/28 | €1,452,612 | €1,309,999 | -€142,613 | -9.8% |
| Intangible fixed assets | 21 | €406,528 | €391,473 | -€15,055 | -3.7% |
| Tangible fixed assets | 22/27 | €96,085 | €918,527 | +€822,442 | +856% |
| Land and buildings | 22 | €60,674 | €896,690 | +€836,016 | +1,378% |
| Other tangible fixed assets | 26 | €35,411 | €21,837 | -€13,574 | -38.3% |
| Financial fixed assets | 28 | €950,000 | €0 | -€950,000 | -100% |
| Current assets | 29/58 | €168,943 | €212,751 | +€43,808 | +25.9% |
| Amounts receivable within one year | 40/41 | €38,494 | €64 | -€38,430 | -99.8% |
| Trade receivables | 40 | - | €64 | +€64 | |
| Other amounts receivable | 41 | €38,494 | - | -€38,494 | |
| Current investments | 50/53 | €118,606 | €185,000 | +€66,394 | +56.0% |
| Cash at bank and in hand | 54/58 | €11,843 | €27,688 | +€15,844 | +134% |
| Total equity and liabilities | 10/49 | €1,621,555 | €1,522,750 | -€98,805 | -6.1% |
| Equity | 10/15 | €322,821 | €421,223 | +€98,402 | +30.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €197,207 | €197,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,696 | €120,696 | = | 0.0% |
| Distributable reserves | 133 | €70,511 | €70,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,614 | €164,017 | +€98,402 | +150% |
| Provisions and deferred taxes | 16 | €40,232 | €40,232 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,232 | €40,232 | = | 0.0% |
| Pensions and similar obligations | 160 | €40,232 | €40,232 | = | 0.0% |
| Amounts payable | 17/49 | €1,258,502 | €1,061,295 | -€197,207 | -15.7% |
| Amounts payable after more than one year | 17 | €1,074,647 | €929,887 | -€144,760 | -13.5% |
| Financial debts | 170/4 | €1,072,927 | €928,167 | -€144,760 | -13.5% |
| Other amounts payable | 178/9 | €1,720 | €1,720 | = | 0.0% |
| Amounts payable within one year | 42/48 | €183,855 | €131,408 | -€52,447 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €55,534 | €56,579 | +€1,045 | +1.9% |
| Financial debts | 43 | €13,116 | €68,183 | +€55,068 | +420% |
| Credit institutions | 430/8 | €13,116 | €68,183 | +€55,068 | +420% |
| Trade debts | 44 | €1,019 | €5,192 | +€4,173 | +410% |
| Suppliers | 440/4 | €1,019 | €5,192 | +€4,173 | +410% |
| Advances received on contracts in progress | 46 | €1,374 | - | -€1,374 | |
| Taxes, remuneration and social security | 45 | €6,741 | €1,453 | -€5,288 | -78.4% |
| Taxes | 450/3 | €6,741 | €1,453 | -€5,288 | -78.4% |
| Other amounts payable | 47/48 | €106,072 | - | -€106,072 | |
| Non-recurring operating income | 76A | €392,758 | - | -€392,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,278 | €39,793 | +€7,515 | +23.3% |
| Other operating charges | 640/8 | €16,746 | €10,432 | -€6,315 | -37.7% |
| Non-recurring operating charges | 66A | €119,409 | €0 | -€119,409 | -100% |
| Gross operating margin | 9900 | €499,133 | €159,706 | -€339,427 | -68.0% |
| Operating profit (loss) | 9901 | €330,700 | €109,481 | -€221,219 | -66.9% |
| Financial income | 75/76B | €2,435 | €37,912 | +€35,478 | +1,457% |
| Recurring financial income | 75 | €2,435 | €3,166 | +€731 | +30.0% |
| Non-recurring financial income | 76B | - | €34,747 | +€34,747 | |
| Financial charges | 65/66B | €19,352 | €25,465 | +€6,113 | +31.6% |
| Recurring financial charges | 65 | €19,352 | €25,465 | +€6,113 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €313,782 | €121,928 | -€191,854 | -61.1% |
| Transfer to deferred taxes | 680 | €40,232 | - | -€40,232 | |
| Income taxes | 67/77 | €44,987 | €23,526 | -€21,461 | -47.7% |
| Profit (loss) for the period | 9904 | €228,563 | €98,402 | -€130,161 | -56.9% |
| Transfer to tax-exempt reserves | 689 | €120,696 | €0 | -€120,696 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €107,867 | €98,402 | -€9,465 | -8.8% |
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.