AGIMMO: 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.
What changed
AGIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,493
2024 · €60,312-€69,805
Equity
€952,779
2024 · €962,272-€9,493
Cash
€11,686
2024 · €1,955+€9,731
Balance sheet total
€2.5m
2024 · €2.5m-€9,048
Largest movements
Assets
- Tangible fixed assets -€83,053
down €83,053 (-3.4%), from €2.4m to €2.3m
- Deferred charges and accrued income +€64,422
up €64,422 (+134.5%), from €47,900 to €112,322
Equity and liabilities
- Debts after one year -€91,800
down €91,800 (-9.1%), from €1.0m to €915,750
of which Financial debts: -€91,800
- Other debts +€90,235
up €90,235 (+16.9%), from €535,340 to €625,575
Income statement
- Gross operating margin -€89,832
down €89,832 (-35.6%), from €252,497 to €162,665
- Taxes -€21,893
no longer reported in 2025 (was €21,893)
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.
Result 2024
€60,312
Gross operating margin
-€89,832
Depreciation
-€352
Other operating charges
+€563
Financial income
+€36
Financial charges
-€2,113
Taxes
+€21,893
Result 2025
-€9,493
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.
From operations
+€115,446
Investment
-€13,915
Financing
-€91,800
Cash 2024
€1,955
From operations (derived)
+€115,446
Net result for the year
-€9,493
Depreciation
+€97,616
Receivables within one year
-€500
Deferred charges and accrued income
-€64,422
Trade debts
+€13,868
Other debts
+€90,235
Accrued charges and deferred income
-€11,858
Investment (derived)
-€13,915
Investment in fixed assets (net)
-€13,915
Financing
-€91,800
Debts after one year
-€91,800
Cash 2025
€11,686
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,530,703 | €2,521,655 | -€9,048 | -0.4% |
| Formation expenses | 20 | €63,710 | €59,463 | -€4,247 | -6.7% |
| Fixed assets | 21/28 | €2,415,250 | €2,335,797 | -€79,453 | -3.3% |
| Tangible fixed assets | 22/27 | €2,415,250 | €2,332,197 | -€83,053 | -3.4% |
| Land and buildings | 22 | €2,415,250 | €2,332,197 | -€83,053 | -3.4% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €51,743 | €126,395 | +€74,652 | +144.3% |
| Amounts receivable within one year | 40/41 | €1,888 | €2,388 | +€500 | +26.5% |
| Trade receivables | 40 | €1,888 | €2,388 | +€500 | +26.5% |
| Cash at bank and in hand | 54/58 | €1,955 | €11,686 | +€9,731 | +497.7% |
| Deferred charges and accrued income | 490/1 | €47,900 | €112,322 | +€64,422 | +134.5% |
| Total equity and liabilities | 10/49 | €2,530,703 | €2,521,655 | -€9,048 | -0.4% |
| Equity | 10/15 | €962,272 | €952,779 | -€9,493 | -1.0% |
| Contributions | 10/11 | €1,068,600 | €1,068,600 | = | 0.0% |
| Capital | 10 | €1,068,600 | - | -€1.1m | |
| Issued capital | 100 | €1,068,600 | - | -€1.1m | |
| Outside capital | 11 | - | €1,068,600 | +€1.1m | |
| Other | 1109/19 | - | €1,068,600 | +€1.1m | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€108,188 | -€117,681 | -€9,493 | -8.8% |
| Amounts payable | 17/49 | €1,568,432 | €1,568,876 | +€445 | 0.0% |
| Amounts payable after more than one year | 17 | €1,007,550 | €915,750 | -€91,800 | -9.1% |
| Financial debts | 170/4 | €807,550 | €715,750 | -€91,800 | -11.4% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €549,024 | €653,126 | +€104,103 | +19.0% |
| Trade debts | 44 | €13,684 | €27,551 | +€13,868 | +101.3% |
| Suppliers | 440/4 | €13,684 | €27,551 | +€13,868 | +101.3% |
| Other amounts payable | 47/48 | €535,340 | €625,575 | +€90,235 | +16.9% |
| Accrued charges and deferred income | 492/3 | €11,858 | - | -€11,858 | |
| Non-recurring operating income | 76A | €82,586 | - | -€82,586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,264 | €97,616 | +€352 | +0.4% |
| Other operating charges | 640/8 | €13,195 | €12,632 | -€563 | -4.3% |
| Gross operating margin | 9900 | €252,497 | €162,665 | -€89,832 | -35.6% |
| Operating profit (loss) | 9901 | €142,038 | €52,417 | -€89,620 | -63.1% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €59,833 | €61,946 | +€2,113 | +3.5% |
| Recurring financial charges | 65 | €59,833 | €61,946 | +€2,113 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €82,205 | -€9,493 | -€91,698 | |
| Income taxes | 67/77 | €21,893 | - | -€21,893 | |
| Profit (loss) for the period | 9904 | €60,312 | -€9,493 | -€69,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,312 | -€9,493 | -€69,805 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.