A.I.G.: 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.I.G.
Largest movements
- Current investments +€30,000
up €30,000 (+20.0%), from €150,000 to €180,000
- Cash -€8,030
down €8,030 (-18.0%), from €44,539 to €36,510
mainly Current investments (-€30,000) and Investment in fixed assets (net) (-€11,011)
- Reserves +€13,674
up €13,674 (+18.5%), from €73,934 to €87,608
of which Distributable reserves: +€12,990
- Other debts +€7,077
up €7,077 (+5.1%), from €138,699 to €145,776
- Gross operating margin +€5,945
up €5,945 (+14.5%), from €40,875 to €46,820
- Depreciation +€1,429
up €1,429 (+13.5%), from €10,621 to €12,050
- Financial income -€1,171
down €1,171 (-20.7%), from €5,668 to €4,497
- Taxes +€1,151
up €1,151 (+22.0%), from €5,230 to €6,381
- Financial charges -€685
down €685 (-6.4%), from €10,630 to €9,946
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 | €443,033 | €463,944 | +€20,910 | +4.7% |
| Fixed assets | 21/28 | €246,031 | €244,993 | -€1,039 | -0.4% |
| Tangible fixed assets | 22/27 | €246,031 | €244,993 | -€1,039 | -0.4% |
| Land and buildings | 22 | €246,031 | €244,993 | -€1,039 | -0.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €197,002 | €218,951 | +€21,949 | +11.1% |
| Amounts receivable within one year | 40/41 | €1,833 | €1,467 | -€366 | -19.9% |
| Trade receivables | 40 | €366 | €0 | -€366 | -100% |
| Other amounts receivable | 41 | €1,467 | €1,467 | = | 0.0% |
| Current investments | 50/53 | €150,000 | €180,000 | +€30,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €44,539 | €36,510 | -€8,030 | -18.0% |
| Deferred charges and accrued income | 490/1 | €630 | €974 | +€344 | +54.7% |
| Total equity and liabilities | 10/49 | €443,033 | €463,944 | +€20,910 | +4.7% |
| Equity | 10/15 | €300,086 | €313,760 | +€13,674 | +4.6% |
| Contributions | 10/11 | €157,000 | €157,000 | = | 0.0% |
| Capital | 10 | €157,000 | €157,000 | = | 0.0% |
| Issued capital | 100 | €157,000 | €157,000 | = | 0.0% |
| Reserves | 13 | €73,934 | €87,608 | +€13,674 | +18.5% |
| Non-distributable reserves | 130/1 | €10,144 | €10,828 | +€684 | +6.7% |
| Legal reserve | 130 | €10,144 | €10,828 | +€684 | +6.7% |
| Distributable reserves | 133 | €63,790 | €76,780 | +€12,990 | +20.4% |
| Profit (loss) carried forward | 14 | €69,152 | €69,152 | -€0 | 0.0% |
| Amounts payable | 17/49 | €142,947 | €150,184 | +€7,237 | +5.1% |
| Amounts payable within one year | 42/48 | €141,887 | €149,124 | +€7,237 | +5.1% |
| Trade debts | 44 | €28 | €366 | +€338 | +1,203% |
| Suppliers | 440/4 | €28 | €366 | +€338 | +1,203% |
| Taxes, remuneration and social security | 45 | €3,160 | €2,982 | -€178 | -5.6% |
| Taxes | 450/3 | €3,160 | €2,982 | -€178 | -5.6% |
| Other amounts payable | 47/48 | €138,699 | €145,776 | +€7,077 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,060 | €1,060 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,621 | €12,050 | +€1,429 | +13.5% |
| Other operating charges | 640/8 | €8,856 | €9,267 | +€411 | +4.6% |
| Gross operating margin | 9900 | €40,875 | €46,820 | +€5,945 | +14.5% |
| Operating profit (loss) | 9901 | €21,398 | €25,503 | +€4,105 | +19.2% |
| Financial income | 75/76B | €5,668 | €4,497 | -€1,171 | -20.7% |
| Recurring financial income | 75 | €5,668 | €4,497 | -€1,171 | -20.7% |
| Financial charges | 65/66B | €10,630 | €9,946 | -€685 | -6.4% |
| Recurring financial charges | 65 | €10,630 | €9,946 | -€685 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €16,436 | €20,055 | +€3,619 | +22.0% |
| Income taxes | 67/77 | €5,230 | €6,381 | +€1,151 | +22.0% |
| Profit (loss) for the period | 9904 | €11,206 | €13,674 | +€2,467 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,206 | €13,674 | +€2,467 | +22.0% |
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 24 October 2026 via checked.be.