AG IMMOBILIERE: 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 IMMOBILIERE
Largest movements
- Cash +€85,302
up €85,302 (+38.4%), from €221,924 to €307,226
mainly Net result for the year (+€292,288) and Tax, wage and social debts (+€63,987)
- Debts after one year -€335,550
down €335,550 (-22.1%), from €1.5m to €1.2m
of which Other amounts payable: -€227,077
- Profit (loss) carried forward +€292,288
up €292,288 (+179%), from €163,202 to €455,490
- Tax, wage and social debts +€63,987
up €63,987 (+54.3%), from €117,881 to €181,868
of which Taxes: +€68,045
- Current portion of long-term debt +€61,037
up €61,037 (+75.4%), from €81,000 to €142,037
- Trade debts +€22,696
up €22,696 (+87.7%), from €25,891 to €48,588
- Gross operating margin +€291,374
up €291,374 (+83.5%), from €348,851 to €640,226
- Taxes +€61,239
up €61,239 (+105%), from €58,509 to €119,748
- Staff costs +€56,289
up €56,289 (+48.2%), from €116,896 to €173,186
- Financial charges +€22,722
up €22,722 (+520%), from €4,367 to €27,089
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 | €1,923,758 | €2,032,467 | +€108,709 | +5.7% |
| Fixed assets | 21/28 | €1,669,789 | €1,677,203 | +€7,414 | +0.4% |
| Intangible fixed assets | 21 | €376 | €88 | -€288 | -76.7% |
| Tangible fixed assets | 22/27 | €69,414 | €77,116 | +€7,702 | +11.1% |
| Plant, machinery and equipment | 23 | €7,888 | €11,926 | +€4,039 | +51.2% |
| Furniture and vehicles | 24 | €2,262 | €14,611 | +€12,349 | +546% |
| Other tangible fixed assets | 26 | €59,264 | €50,578 | -€8,686 | -14.7% |
| Financial fixed assets | 28 | €1,600,000 | €1,600,000 | = | 0.0% |
| Current assets | 29/58 | €253,968 | €355,264 | +€101,295 | +39.9% |
| Amounts receivable within one year | 40/41 | €28,001 | €40,398 | +€12,396 | +44.3% |
| Trade receivables | 40 | €28,001 | €40,398 | +€12,396 | +44.3% |
| Cash at bank and in hand | 54/58 | €221,924 | €307,226 | +€85,302 | +38.4% |
| Deferred charges and accrued income | 490/1 | €4,043 | €7,640 | +€3,597 | +89.0% |
| Total equity and liabilities | 10/49 | €1,923,758 | €2,032,467 | +€108,709 | +5.7% |
| Equity | 10/15 | €173,202 | €465,490 | +€292,288 | +169% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,202 | €455,490 | +€292,288 | +179% |
| Amounts payable | 17/49 | €1,750,556 | €1,566,977 | -€183,579 | -10.5% |
| Amounts payable after more than one year | 17 | €1,519,000 | €1,183,450 | -€335,550 | -22.1% |
| Financial debts | 170/4 | €669,000 | €560,526 | -€108,474 | -16.2% |
| Other amounts payable | 178/9 | €850,000 | €622,923 | -€227,077 | -26.7% |
| Amounts payable within one year | 42/48 | €231,556 | €372,493 | +€140,936 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €81,000 | €142,037 | +€61,037 | +75.4% |
| Trade debts | 44 | €25,891 | €48,588 | +€22,696 | +87.7% |
| Suppliers | 440/4 | €25,891 | €48,588 | +€22,696 | +87.7% |
| Taxes, remuneration and social security | 45 | €117,881 | €181,868 | +€63,987 | +54.3% |
| Taxes | 450/3 | €92,051 | €160,096 | +€68,045 | +73.9% |
| Remuneration and social security | 454/9 | €25,831 | €21,772 | -€4,059 | -15.7% |
| Other amounts payable | 47/48 | €6,783 | - | -€6,783 | |
| Accrued charges and deferred income | 492/3 | - | €11,034 | +€11,034 | |
| Remuneration, social security and pensions | 62 | €116,896 | €173,186 | +€56,289 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,338 | €22,886 | +€1,548 | +7.3% |
| Other operating charges | 640/8 | €10,642 | €5,030 | -€5,613 | -52.7% |
| Gross operating margin | 9900 | €348,851 | €640,226 | +€291,374 | +83.5% |
| Operating profit (loss) | 9901 | €199,975 | €439,125 | +€239,149 | +120% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.7% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.7% |
| Financial charges | 65/66B | €4,367 | €27,089 | +€22,722 | +520% |
| Recurring financial charges | 65 | €4,367 | €27,089 | +€22,722 | +520% |
| Profit (loss) for the period before taxes | 9903 | €195,631 | €412,036 | +€216,405 | +111% |
| Income taxes | 67/77 | €58,509 | €119,748 | +€61,239 | +105% |
| Profit (loss) for the period | 9904 | €137,122 | €292,288 | +€155,166 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €137,122 | €292,288 | +€155,166 | +113% |
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 26 October 2026 via checked.be.