AG IMMO CONSTRUCT: 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.
AG IMMO CONSTRUCT
Largest movements
- Cash -€1.7m
down €1.7m (-100.0%), from €1.7m to €599
mainly Short-term financial debts (-€1.9m) and Stocks and contracts (-€193,588)
- Receivables within one year -€599,128
down €599,128 (-94.0%), from €637,141 to €38,013
of which Trade receivables: -€495,165
- Stocks and contracts +€193,588
up €193,588 (+194%), from €99,838 to €293,426
- Short-term financial debts -€1.9m
no longer reported in 2025 (was €1.9m)
- Trade debts -€185,340
down €185,340 (-81.5%), from €227,407 to €42,067
- Other debts +€72,330
up €72,330 (+28.7%), from €252,102 to €324,432
- Profit (loss) carried forward -€46,885
new in 2025: -€46,885
- Tax, wage and social debts -€43,365
down €43,365 (-94.7%), from €45,788 to €2,423
- Gross operating margin -€66,986
down €66,986, from €30,117 to -€36,869
- Other operating charges +€2,563
up €2,563 (+662%), from €387 to €2,950
- Financial charges +€2,552
up €2,552 (+16.9%), from €15,119 to €17,672
- Taxes -€2,423
no longer reported in 2025 (was €2,423)
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 | €2,424,600 | €332,037 | -€2.1m | -86.3% |
| Current assets | 29/58 | €2,424,600 | €332,037 | -€2.1m | -86.3% |
| Stocks and contracts in progress | 3 | €99,838 | €293,426 | +€193,588 | +194% |
| Stocks | 30/36 | €99,838 | €293,426 | +€193,588 | +194% |
| Amounts receivable within one year | 40/41 | €637,141 | €38,013 | -€599,128 | -94.0% |
| Trade receivables | 40 | €498,133 | €2,968 | -€495,165 | -99.4% |
| Other amounts receivable | 41 | €139,008 | €35,045 | -€103,963 | -74.8% |
| Cash at bank and in hand | 54/58 | €1,687,621 | €599 | -€1.7m | -100.0% |
| Total equity and liabilities | 10/49 | €2,424,600 | €332,037 | -€2.1m | -86.3% |
| Equity | 10/15 | €19,692 | -€36,885 | -€56,576 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,692 | - | -€9,692 | |
| Distributable reserves | 133 | €9,692 | - | -€9,692 | |
| Profit (loss) carried forward | 14 | - | -€46,885 | -€46,885 | |
| Amounts payable | 17/49 | €2,404,908 | €368,922 | -€2.0m | -84.7% |
| Amounts payable within one year | 42/48 | €2,404,908 | €368,922 | -€2.0m | -84.7% |
| Financial debts | 43 | €1,879,611 | - | -€1.9m | |
| Credit institutions | 430/8 | €1,879,611 | - | -€1.9m | |
| Trade debts | 44 | €227,407 | €42,067 | -€185,340 | -81.5% |
| Suppliers | 440/4 | €227,407 | €42,067 | -€185,340 | -81.5% |
| Taxes, remuneration and social security | 45 | €45,788 | €2,423 | -€43,365 | -94.7% |
| Taxes | 450/3 | €45,788 | €2,423 | -€43,365 | -94.7% |
| Other amounts payable | 47/48 | €252,102 | €324,432 | +€72,330 | +28.7% |
| Other operating charges | 640/8 | €387 | €2,950 | +€2,563 | +662% |
| Gross operating margin | 9900 | €30,117 | -€36,869 | -€66,986 | |
| Operating profit (loss) | 9901 | €29,730 | -€39,819 | -€69,549 | |
| Financial income | 75/76B | €855 | €914 | +€59 | +6.9% |
| Recurring financial income | 75 | €855 | €914 | +€59 | +6.9% |
| Financial charges | 65/66B | €15,119 | €17,672 | +€2,552 | +16.9% |
| Recurring financial charges | 65 | €15,119 | €17,672 | +€2,552 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €15,466 | -€56,576 | -€72,042 | |
| Income taxes | 67/77 | €2,423 | - | -€2,423 | |
| Profit (loss) for the period | 9904 | €13,043 | -€56,576 | -€69,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,043 | -€56,576 | -€69,619 |
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 21 October 2026 via checked.be.