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.
What changed
A.G. IMMO
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€488
2024 · €450+€38
Equity
€75,974
2024 · €75,486+€488
Cash
€95
2024 · €432-€337
Balance sheet total
€386,346
2024 · €324,474+€61,873
Largest movements
Assets
- Tangible fixed assets +€55,001
up €55,001 (+17.1%), from €321,571 to €376,573
of which Land and buildings: +€54,438
- Receivables within one year +€8,808
up €8,808, from €0 to €8,808
of which Trade receivables: +€8,539
Equity and liabilities
- Debts after one year +€54,323
up €54,323 (+27.9%), from €194,953 to €249,276
Income statement
- Gross operating margin +€8,039
up €8,039 (+16.2%), from €49,646 to €57,685
- Depreciation +€4,140
up €4,140 (+11.2%), from €36,878 to €41,018
- Financial charges +€978
up €978 (+14.1%), from €6,924 to €7,902
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.
Result 2024
€450
Gross operating margin
+€8,039
Depreciation
-€4,140
Other operating charges
-€386
Financial income
-€1
Financial charges
-€978
Taxes
-€571
Deferred taxes and other
-€1,925
Result 2025
€488
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€35,930
Investment
-€96,016
Financing
+€59,748
Cash 2024
€432
From operations (derived)
+€35,930
Net result for the year
+€488
Depreciation
+€41,018
Receivables within one year
-€8,808
Deferred charges and accrued income
+€1,596
Smaller working-capital items
-€313
Trade debts
+€1,486
Tax, wage and social debts
+€1,381
Other debts
-€917
Investment (derived)
-€96,016
Investment in fixed assets (net)
-€96,019
Current investments
+€4
Financing
+€59,748
Debts after one year
+€54,323
Current portion of long-term debt
+€3,697
Short-term financial debts
+€1,728
Cash 2025
€95
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,474 | €386,346 | +€61,873 | +19.1% |
| Fixed assets | 21/28 | €321,571 | €376,573 | +€55,001 | +17.1% |
| Tangible fixed assets | 22/27 | €321,571 | €376,573 | +€55,001 | +17.1% |
| Land and buildings | 22 | €319,770 | €374,208 | +€54,438 | +17.0% |
| Plant, machinery and equipment | 23 | €1,020 | €2,011 | +€991 | +97.2% |
| Furniture and vehicles | 24 | €782 | €354 | -€428 | -54.7% |
| Current assets | 29/58 | €2,902 | €9,774 | +€6,871 | +237% |
| Amounts receivable within one year | 40/41 | €0 | €8,808 | +€8,808 | |
| Trade receivables | 40 | - | €8,539 | +€8,539 | |
| Other amounts receivable | 41 | €0 | €269 | +€269 | |
| Current investments | 50/53 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €432 | €95 | -€337 | -78.1% |
| Deferred charges and accrued income | 490/1 | €2,467 | €871 | -€1,596 | -64.7% |
| Total equity and liabilities | 10/49 | €324,474 | €386,346 | +€61,873 | +19.1% |
| Equity | 10/15 | €75,486 | €75,974 | +€488 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,286 | €69,774 | +€488 | +0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €27,504 | €26,549 | -€955 | -3.5% |
| Distributable reserves | 133 | €41,782 | €43,225 | +€1,443 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €6,876 | €6,637 | -€239 | -3.5% |
| Deferred taxes | 168 | €6,876 | €6,637 | -€239 | -3.5% |
| Amounts payable | 17/49 | €242,111 | €303,735 | +€61,624 | +25.5% |
| Amounts payable after more than one year | 17 | €194,953 | €249,276 | +€54,323 | +27.9% |
| Financial debts | 170/4 | €194,953 | €249,276 | +€54,323 | +27.9% |
| Amounts payable within one year | 42/48 | €47,084 | €54,459 | +€7,375 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €21,397 | €25,094 | +€3,697 | +17.3% |
| Financial debts | 43 | €828 | €2,556 | +€1,728 | +209% |
| Credit institutions | 430/8 | €828 | €1,942 | +€1,114 | +135% |
| Other loans | 439 | - | €614 | +€614 | |
| Trade debts | 44 | €5,206 | €6,693 | +€1,486 | +28.5% |
| Suppliers | 440/4 | €5,206 | €6,693 | +€1,486 | +28.5% |
| Taxes, remuneration and social security | 45 | €5,020 | €6,401 | +€1,381 | +27.5% |
| Taxes | 450/3 | €5,020 | €6,401 | +€1,381 | +27.5% |
| Other amounts payable | 47/48 | €14,633 | €13,716 | -€917 | -6.3% |
| Accrued charges and deferred income | 492/3 | €75 | €0 | -€75 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,878 | €41,018 | +€4,140 | +11.2% |
| Other operating charges | 640/8 | €4,047 | €4,433 | +€386 | +9.5% |
| Gross operating margin | 9900 | €49,646 | €57,685 | +€8,039 | +16.2% |
| Operating profit (loss) | 9901 | €8,721 | €12,234 | +€3,513 | +40.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €6,924 | €7,902 | +€978 | +14.1% |
| Recurring financial charges | 65 | €6,924 | €7,902 | +€978 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €1,798 | €4,332 | +€2,534 | +141% |
| Transfer from deferred taxes | 780 | €2,164 | €239 | -€1,925 | -89.0% |
| Income taxes | 67/77 | €3,511 | €4,083 | +€571 | +16.3% |
| Profit (loss) for the period | 9904 | €450 | €488 | +€38 | +8.4% |
| Transfer from tax-exempt reserves | 789 | €1,422 | €955 | -€467 | -32.9% |
| Transfer to tax-exempt reserves | 689 | €1,808 | €0 | -€1,808 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €64 | €1,443 | +€1,378 | +2,141% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.