AG Immobilier: 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 Immobilier
Largest movements
- Tangible fixed assets -€8,783
down €8,783 (-3.7%), from €234,610 to €225,826
- Cash -€3,723
down €3,723 (-58.8%), from €6,336 to €2,613
mainly Debts after one year (-€21,579) and Accrued charges and deferred income (-€4,242)
- Debts after one year -€21,579
down €21,579 (-17.1%), from €125,969 to €104,390
- Profit (loss) carried forward +€14,979
up €14,979 (+815%), from €1,837 to €16,816
- Accrued charges and deferred income -€4,242
no longer reported in 2025 (was €4,242)
- Taxes +€4,343
up €4,343 (+649%), from €669 to €5,012
- Gross operating margin +€1,217
up €1,217 (+3.3%), from €36,808 to €38,025
- Financial charges -€408
down €408 (-12.8%), from €3,196 to €2,788
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 | €240,946 | €229,846 | -€11,100 | -4.6% |
| Fixed assets | 21/28 | €234,610 | €225,826 | -€8,783 | -3.7% |
| Tangible fixed assets | 22/27 | €234,610 | €225,826 | -€8,783 | -3.7% |
| Land and buildings | 22 | €234,610 | €225,826 | -€8,783 | -3.7% |
| Current assets | 29/58 | €6,336 | €4,020 | -€2,316 | -36.6% |
| Amounts receivable within one year | 40/41 | - | €1,407 | +€1,407 | |
| Other amounts receivable | 41 | - | €1,407 | +€1,407 | |
| Cash at bank and in hand | 54/58 | €6,336 | €2,613 | -€3,723 | -58.8% |
| Total equity and liabilities | 10/49 | €240,946 | €229,846 | -€11,100 | -4.6% |
| Equity | 10/15 | €20,437 | €35,416 | +€14,979 | +73.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,837 | €16,816 | +€14,979 | +815% |
| Amounts payable | 17/49 | €220,509 | €194,431 | -€26,078 | -11.8% |
| Amounts payable after more than one year | 17 | €125,969 | €104,390 | -€21,579 | -17.1% |
| Financial debts | 170/4 | €125,969 | €104,390 | -€21,579 | -17.1% |
| Amounts payable within one year | 42/48 | €90,298 | €90,040 | -€257 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €21,167 | €21,579 | +€411 | +1.9% |
| Taxes, remuneration and social security | 45 | €669 | - | -€669 | |
| Taxes | 450/3 | €669 | - | -€669 | |
| Other amounts payable | 47/48 | €68,461 | €68,461 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,242 | - | -€4,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,783 | €8,783 | = | 0.0% |
| Other operating charges | 640/8 | €6,273 | €6,463 | +€190 | +3.0% |
| Gross operating margin | 9900 | €36,808 | €38,025 | +€1,217 | +3.3% |
| Operating profit (loss) | 9901 | €21,752 | €22,778 | +€1,027 | +4.7% |
| Financial charges | 65/66B | €3,196 | €2,788 | -€408 | -12.8% |
| Recurring financial charges | 65 | €3,196 | €2,788 | -€408 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €18,556 | €19,990 | +€1,435 | +7.7% |
| Income taxes | 67/77 | €669 | €5,012 | +€4,343 | +649% |
| Profit (loss) for the period | 9904 | €17,887 | €14,979 | -€2,908 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,887 | €14,979 | -€2,908 | -16.3% |
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 31 October 2026 via checked.be.