A.R.G. IMMO: what changed
A.R.G. IMMO
Largest movements
- Deferred charges and accrued income +€129,600
new in 2025: €129,600
- Receivables within one year -€41,507
down €41,507 (-89.0%), from €46,637 to €5,130
- Accrued charges and deferred income +€108,000
up €108,000 (+500%), from €21,600 to €129,600
- Reserves -€11,863
no longer reported in 2025 (was €11,863)
- Profit (loss) carried forward -€7,130
new in 2025: -€7,130
- Tax, wage and social debts -€2,322
down €2,322 (-37.6%), from €6,175 to €3,853
- Gross operating margin -€41,880
down €41,880, from €40,606 to -€1,275
- Taxes -€4,034
no longer reported in 2025 (was €4,034)
- Other operating charges +€547
up €547 (+3.2%), from €16,853 to €17,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,240 | €146,355 | +€88,115 | +151% |
| Current assets | 29/58 | €58,240 | €146,355 | +€88,115 | +151% |
| Amounts receivable within one year | 40/41 | €46,637 | €5,130 | -€41,507 | -89.0% |
| Trade receivables | 40 | €46,637 | €5,130 | -€41,507 | -89.0% |
| Cash at bank and in hand | 54/58 | €11,603 | €11,625 | +€22 | +0.2% |
| Deferred charges and accrued income | 490/1 | - | €129,600 | +€129,600 | |
| Total equity and liabilities | 10/49 | €58,240 | €146,355 | +€88,115 | +151% |
| Equity | 10/15 | €12,863 | -€6,130 | -€18,993 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €11,863 | - | -€11,863 | |
| Distributable reserves | 133 | €11,863 | - | -€11,863 | |
| Profit (loss) carried forward | 14 | - | -€7,130 | -€7,130 | |
| Amounts payable | 17/49 | €45,378 | €152,485 | +€107,107 | +236% |
| Amounts payable within one year | 42/48 | €23,778 | €22,885 | -€893 | -3.8% |
| Trade debts | 44 | €17,603 | €19,032 | +€1,429 | +8.1% |
| Suppliers | 440/4 | €17,603 | €19,032 | +€1,429 | +8.1% |
| Taxes, remuneration and social security | 45 | €6,175 | €3,853 | -€2,322 | -37.6% |
| Taxes | 450/3 | €6,175 | €3,853 | -€2,322 | -37.6% |
| Accrued charges and deferred income | 492/3 | €21,600 | €129,600 | +€108,000 | +500% |
| Other operating charges | 640/8 | €16,853 | €17,400 | +€547 | +3.2% |
| Gross operating margin | 9900 | €40,606 | -€1,275 | -€41,880 | |
| Operating profit (loss) | 9901 | €23,753 | -€18,674 | -€42,428 | |
| Financial charges | 65/66B | €277 | €318 | +€42 | +15.0% |
| Recurring financial charges | 65 | €277 | €318 | +€42 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €23,477 | -€18,993 | -€42,469 | |
| Income taxes | 67/77 | €4,034 | - | -€4,034 | |
| Profit (loss) for the period | 9904 | €19,443 | -€18,993 | -€38,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,443 | -€18,993 | -€38,435 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.