IMMO P.L.W.: 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.
IMMO P.L.W.
Largest movements
- Receivables within one year +€19,806
up €19,806 (+11.5%), from €171,552 to €191,358
- Tangible fixed assets -€11,609
down €11,609 (-8.6%), from €134,571 to €122,963
of which Land and buildings: -€10,778
- Profit (loss) carried forward +€7,418
up €7,418 (+10.0%), from -€74,342 to -€66,923
- Financial charges +€7,097
up €7,097 (+199%), from €3,565 to €10,662
- Gross operating margin +€5,573
up €5,573 (+30.7%), from €18,128 to €23,701
- Other operating charges +€574
up €574 (+17.5%), from €3,271 to €3,845
- Depreciation -€418
down €418 (-3.5%), from €12,027 to €11,609
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,174 | €315,358 | +€9,184 | +3.0% |
| Fixed assets | 21/28 | €134,571 | €122,963 | -€11,609 | -8.6% |
| Tangible fixed assets | 22/27 | €134,571 | €122,963 | -€11,609 | -8.6% |
| Land and buildings | 22 | €131,195 | €120,417 | -€10,778 | -8.2% |
| Furniture and vehicles | 24 | €3,376 | €2,545 | -€831 | -24.6% |
| Current assets | 29/58 | €171,602 | €192,395 | +€20,793 | +12.1% |
| Amounts receivable within one year | 40/41 | €171,552 | €191,358 | +€19,806 | +11.5% |
| Other amounts receivable | 41 | €171,552 | €191,358 | +€19,806 | +11.5% |
| Deferred charges and accrued income | 490/1 | €50 | €1,037 | +€987 | +1,959% |
| Total equity and liabilities | 10/49 | €306,174 | €315,358 | +€9,184 | +3.0% |
| Equity | 10/15 | -€3,342 | €4,077 | +€7,418 | |
| Contributions | 10/11 | €71,000 | €71,000 | = | 0.0% |
| Capital | 10 | €71,000 | €71,000 | = | 0.0% |
| Issued capital | 100 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,342 | -€66,923 | +€7,418 | +10.0% |
| Amounts payable | 17/49 | €309,515 | €311,281 | +€1,766 | +0.6% |
| Amounts payable after more than one year | 17 | €299,866 | €299,866 | = | 0.0% |
| Financial debts | 170/4 | €299,866 | €299,866 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,650 | €11,415 | +€1,766 | +18.3% |
| Financial debts | 43 | €125 | €411 | +€286 | +229% |
| Credit institutions | 430/8 | €125 | €411 | +€286 | +229% |
| Trade debts | 44 | €9,525 | €11,004 | +€1,480 | +15.5% |
| Suppliers | 440/4 | €9,525 | €11,004 | +€1,480 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,027 | €11,609 | -€418 | -3.5% |
| Other operating charges | 640/8 | €3,271 | €3,845 | +€574 | +17.5% |
| Gross operating margin | 9900 | €18,128 | €23,701 | +€5,573 | +30.7% |
| Operating profit (loss) | 9901 | €2,829 | €8,247 | +€5,418 | +191% |
| Financial income | 75/76B | €9,741 | €9,833 | +€92 | +0.9% |
| Recurring financial income | 75 | €9,741 | €9,833 | +€92 | +0.9% |
| Financial charges | 65/66B | €3,565 | €10,662 | +€7,097 | +199% |
| Recurring financial charges | 65 | €3,565 | €10,662 | +€7,097 | +199% |
| Profit (loss) for the period before taxes | 9903 | €9,006 | €7,418 | -€1,587 | -17.6% |
| Profit (loss) for the period | 9904 | €9,006 | €7,418 | -€1,587 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,006 | €7,418 | -€1,587 | -17.6% |
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 29 October 2026 via checked.be.