IMMO 3PW: 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.
IMMO 3PW
Largest movements
- Tangible fixed assets -€53,747
down €53,747 (-6.9%), from €776,543 to €722,796
of which Land and buildings: -€42,813
- Debts after one year -€64,960
down €64,960 (-9.2%), from €705,592 to €640,632
- Other debts +€46,822
up €46,822 (+247.9%), from €18,885 to €65,707
- Profit (loss) carried forward -€32,900
down €32,900 (-11.4%), from -€287,887 to -€320,787
- Gross operating margin +€8,462
up €8,462 (+12.1%), from €70,117 to €78,579
- Financial charges +€1,464
up €1,464 (+7.5%), from €19,441 to €20,904
- Depreciation -€1,413
down €1,413 (-1.7%), from €83,838 to €82,425
- Other operating charges -€1,125
down €1,125 (-12.3%), from €9,106 to €7,981
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 | €789,182 | €736,516 | -€52,667 | -6.7% |
| Fixed assets | 21/28 | €776,543 | €722,796 | -€53,747 | -6.9% |
| Tangible fixed assets | 22/27 | €776,543 | €722,796 | -€53,747 | -6.9% |
| Land and buildings | 22 | €731,159 | €688,346 | -€42,813 | -5.9% |
| Furniture and vehicles | 24 | €45,384 | €34,451 | -€10,934 | -24.1% |
| Current assets | 29/58 | €12,639 | €13,719 | +€1,080 | +8.5% |
| Amounts receivable within one year | 40/41 | - | €163 | +€163 | |
| Trade receivables | 40 | - | €104 | +€104 | |
| Other amounts receivable | 41 | - | €59 | +€59 | |
| Cash at bank and in hand | 54/58 | €12,400 | €13,303 | +€903 | +7.3% |
| Deferred charges and accrued income | 490/1 | €239 | €253 | +€14 | +6.1% |
| Total equity and liabilities | 10/49 | €789,182 | €736,516 | -€52,667 | -6.7% |
| Equity | 10/15 | -€2,887 | -€35,787 | -€32,900 | -1139.8% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,887 | -€320,787 | -€32,900 | -11.4% |
| Amounts payable | 17/49 | €792,069 | €772,303 | -€19,766 | -2.5% |
| Amounts payable after more than one year | 17 | €705,592 | €640,632 | -€64,960 | -9.2% |
| Financial debts | 170/4 | €705,592 | €640,632 | -€64,960 | -9.2% |
| Amounts payable within one year | 42/48 | €86,477 | €131,670 | +€45,193 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €64,623 | €64,960 | +€337 | +0.5% |
| Trade debts | 44 | €2,681 | - | -€2,681 | |
| Suppliers | 440/4 | €2,681 | - | -€2,681 | |
| Taxes, remuneration and social security | 45 | €289 | €1,004 | +€715 | +247.7% |
| Taxes | 450/3 | €289 | €1,004 | +€715 | +247.7% |
| Other amounts payable | 47/48 | €18,885 | €65,707 | +€46,822 | +247.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,838 | €82,425 | -€1,413 | -1.7% |
| Other operating charges | 640/8 | €9,106 | €7,981 | -€1,125 | -12.3% |
| Gross operating margin | 9900 | €70,117 | €78,579 | +€8,462 | +12.1% |
| Operating profit (loss) | 9901 | -€22,827 | -€11,828 | +€10,999 | +48.2% |
| Financial income | 75/76B | €1 | €3 | +€2 | +385.5% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +385.5% |
| Financial charges | 65/66B | €19,441 | €20,904 | +€1,464 | +7.5% |
| Recurring financial charges | 65 | €19,441 | €20,904 | +€1,464 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,267 | -€32,729 | +€9,537 | +22.6% |
| Income taxes | 67/77 | €182 | €171 | -€11 | -5.9% |
| Profit (loss) for the period | 9904 | -€42,448 | -€32,900 | +€9,548 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,448 | -€32,900 | +€9,548 | +22.5% |
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 7 October 2026 via checked.be.