AGRE-IMMO: what changed
Two fiscal 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.
AGRE-IMMO
Largest movements
- Tangible fixed assets +€479,712
up €479,712 (+27.2%), from €1.8m to €2.2m
of which Land and buildings: +€1.3m
- Receivables within one year -€55,987
down €55,987 (-56.2%), from €99,612 to €43,625
of which Trade receivables: -€56,048
- Debts after one year +€262,092
up €262,092 (+25.9%), from €1.0m to €1.3m
- Profit (loss) carried forward +€94,037
up €94,037, from -€51,558 to €42,479
- Current portion of long-term debt +€60,286
new in 2025: €60,286
- Tax, wage and social debts -€26,023
down €26,023 (-29.0%), from €89,648 to €63,624
- Turnover -€180,000
no longer reported in 2025 (was €180,000)
- Gross operating margin +€153,039
up €153,039 (+313.5%), from €48,815 to €201,854
- Purchases and services -€131,185
no longer reported in 2025 (was €131,185)
- Taxes +€16,521
up €16,521, from -€1,521 to €15,000
- Financial charges +€6,453
up €6,453 (+15.4%), from €41,882 to €48,334
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.
Cash bridge derived
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 | €1,975,392 | €2,380,642 | +€405,250 | +20.5% |
| Fixed assets | 21/28 | €1,841,699 | €2,321,411 | +€479,712 | +26.0% |
| Tangible fixed assets | 22/27 | €1,761,194 | €2,240,906 | +€479,712 | +27.2% |
| Land and buildings | 22 | €896,834 | €2,198,332 | +€1.3m | +145.1% |
| Plant, machinery and equipment | 23 | €454 | - | -€454 | |
| Other tangible fixed assets | 26 | €5,521 | €42,574 | +€37,054 | +671.2% |
| Assets under construction and advance payments | 27 | €858,385 | - | -€858,385 | |
| Financial fixed assets | 28 | €80,505 | €80,505 | = | 0.0% |
| Current assets | 29/58 | €133,693 | €59,231 | -€74,462 | -55.7% |
| Amounts receivable within one year | 40/41 | €99,612 | €43,625 | -€55,987 | -56.2% |
| Trade receivables | 40 | €96,200 | €40,152 | -€56,048 | -58.3% |
| Other amounts receivable | 41 | €3,412 | €3,473 | +€61 | +1.8% |
| Cash at bank and in hand | 54/58 | €31,860 | €13,116 | -€18,745 | -58.8% |
| Deferred charges and accrued income | 490/1 | €2,220 | €2,490 | +€270 | +12.2% |
| Total equity and liabilities | 10/49 | €1,975,392 | €2,380,642 | +€405,250 | +20.5% |
| Equity | 10/15 | €856,442 | €950,479 | +€94,037 | +11.0% |
| Contributions | 10/11 | €898,000 | €898,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Other | 1319 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,558 | €42,479 | +€94,037 | |
| Amounts payable | 17/49 | €1,118,950 | €1,430,163 | +€311,213 | +27.8% |
| Amounts payable after more than one year | 17 | €1,011,305 | €1,273,397 | +€262,092 | +25.9% |
| Financial debts | 170/4 | €1,011,305 | €1,273,397 | +€262,092 | +25.9% |
| Amounts payable within one year | 42/48 | €107,254 | €156,766 | +€49,512 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | - | €60,286 | +€60,286 | |
| Trade debts | 44 | €17,606 | €32,856 | +€15,250 | +86.6% |
| Suppliers | 440/4 | €17,606 | €32,856 | +€15,250 | +86.6% |
| Taxes, remuneration and social security | 45 | €89,648 | €63,624 | -€26,023 | -29.0% |
| Taxes | 450/3 | €89,648 | €63,624 | -€26,023 | -29.0% |
| Accrued charges and deferred income | 492/3 | €391 | - | -€391 | |
| Turnover | 70 | €180,000 | - | -€180,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €131,185 | - | -€131,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,165 | €41,130 | -€3,035 | -6.9% |
| Other operating charges | 640/8 | €8,302 | €8,310 | +€8 | +0.1% |
| Gross operating margin | 9900 | €48,815 | €201,854 | +€153,039 | +313.5% |
| Operating profit (loss) | 9901 | -€3,652 | €152,414 | +€156,066 | |
| Financial income | 75/76B | €5,757 | €4,957 | -€800 | -13.9% |
| Recurring financial income | 75 | €5,757 | €4,957 | -€800 | -13.9% |
| Financial charges | 65/66B | €41,882 | €48,334 | +€6,453 | +15.4% |
| Recurring financial charges | 65 | €41,882 | €48,334 | +€6,453 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,777 | €109,037 | +€148,814 | |
| Income taxes | 67/77 | -€1,521 | €15,000 | +€16,521 | |
| Profit (loss) for the period | 9904 | -€38,256 | €94,037 | +€132,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,256 | €94,037 | +€132,293 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.