AGS IMMO CONSTRUCT: 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.
AGS IMMO CONSTRUCT
Largest movements
- Receivables within one year -€48,394
down €48,394 (-82.7%), from €58,519 to €10,125
of which Other amounts receivable: -€45,006
- Stocks and contracts -€4,535
down €4,535 (-31.8%), from €14,270 to €9,735
- Debts after one year -€35,900
down €35,900 (-34.2%), from €105,000 to €69,100
- Profit (loss) carried forward -€16,263
down €16,263 (-36.4%), from -€44,732 to -€60,995
- Other debts +€1,671
up €1,671 (+36.2%), from €4,611 to €6,282
- Tax, wage and social debts -€1,380
down €1,380 (-54.8%), from €2,517 to €1,137
of which Remuneration and social security: -€1,000
- Trade debts -€1,057
down €1,057 (-24.7%), from €4,277 to €3,220
- Gross operating margin +€3,804
up €3,804 (+22.4%), from -€17,006 to -€13,201
- Staff costs -€3,159
down €3,159 (-97.7%), from €3,233 to €75
- Financial income +€717
up €717 (+1556.3%), from €46 to €763
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 | €76,826 | €23,744 | -€53,082 | -69.1% |
| Fixed assets | 21/28 | €1,101 | €944 | -€157 | -14.3% |
| Tangible fixed assets | 22/27 | €386 | €229 | -€157 | -40.7% |
| Plant, machinery and equipment | 23 | - | €229 | +€229 | |
| Furniture and vehicles | 24 | €386 | - | -€386 | |
| Financial fixed assets | 28 | €715 | €715 | = | 0.0% |
| Current assets | 29/58 | €75,725 | €22,800 | -€52,925 | -69.9% |
| Stocks and contracts in progress | 3 | €14,270 | €9,735 | -€4,535 | -31.8% |
| Stocks | 30/36 | €14,270 | €9,735 | -€4,535 | -31.8% |
| Amounts receivable within one year | 40/41 | €58,519 | €10,125 | -€48,394 | -82.7% |
| Trade receivables | 40 | €12,824 | €9,437 | -€3,387 | -26.4% |
| Other amounts receivable | 41 | €45,695 | €688 | -€45,006 | -98.5% |
| Cash at bank and in hand | 54/58 | €908 | €875 | -€33 | -3.6% |
| Deferred charges and accrued income | 490/1 | €2,028 | €2,065 | +€37 | +1.8% |
| Total equity and liabilities | 10/49 | €76,826 | €23,744 | -€53,082 | -69.1% |
| Equity | 10/15 | -€39,732 | -€55,995 | -€16,263 | -40.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,732 | -€60,995 | -€16,263 | -36.4% |
| Amounts payable | 17/49 | €116,558 | €79,739 | -€36,819 | -31.6% |
| Amounts payable after more than one year | 17 | €105,000 | €69,100 | -€35,900 | -34.2% |
| Other amounts payable | 178/9 | €105,000 | €69,100 | -€35,900 | -34.2% |
| Amounts payable within one year | 42/48 | €11,405 | €10,639 | -€766 | -6.7% |
| Trade debts | 44 | €4,277 | €3,220 | -€1,057 | -24.7% |
| Suppliers | 440/4 | €4,277 | €3,220 | -€1,057 | -24.7% |
| Taxes, remuneration and social security | 45 | €2,517 | €1,137 | -€1,380 | -54.8% |
| Taxes | 450/3 | €578 | €198 | -€380 | -65.8% |
| Remuneration and social security | 454/9 | €1,939 | €939 | -€1,000 | -51.6% |
| Other amounts payable | 47/48 | €4,611 | €6,282 | +€1,671 | +36.2% |
| Accrued charges and deferred income | 492/3 | €153 | - | -€153 | |
| Remuneration, social security and pensions | 62 | €3,233 | €75 | -€3,159 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €412 | +€54 | +15.2% |
| Other operating charges | 640/8 | €1,299 | €1,143 | -€155 | -12.0% |
| Gross operating margin | 9900 | -€17,006 | -€13,201 | +€3,804 | +22.4% |
| Operating profit (loss) | 9901 | -€21,896 | -€14,831 | +€7,064 | +32.3% |
| Financial income | 75/76B | €46 | €763 | +€717 | +1556.3% |
| Recurring financial income | 75 | €46 | €763 | +€717 | +1556.3% |
| Financial charges | 65/66B | €2,095 | €1,996 | -€99 | -4.7% |
| Recurring financial charges | 65 | €2,095 | €1,996 | -€99 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,945 | -€16,065 | +€7,880 | +32.9% |
| Income taxes | 67/77 | €192 | €198 | +€6 | +3.1% |
| Profit (loss) for the period | 9904 | -€24,137 | -€16,263 | +€7,874 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,137 | -€16,263 | +€7,874 | +32.6% |
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 3 October 2026 via checked.be.