IMMO P&V: 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&V
Largest movements
- Receivables within one year -€96,684
down €96,684 (-100%), from €96,684 to €0
- Cash +€50,435
up €50,435 (+141%), from €35,833 to €86,268
mainly Receivables within one year (+€96,684) and Depreciation (+€48,684)
- Tangible fixed assets -€48,684
down €48,684 (-6.2%), from €779,030 to €730,346
- Debts after one year -€121,070
down €121,070 (-17.0%), from €710,264 to €589,195
- Profit (loss) carried forward +€32,704
up €32,704 (+55.6%), from €58,847 to €91,551
- Other debts -€10,000
down €10,000 (-69.0%), from €14,500 to €4,500
- Gross operating margin -€22,157
down €22,157 (-16.1%), from €137,667 to €115,511
- Taxes -€4,871
down €4,871 (-18.0%), from €27,000 to €22,129
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
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 | €911,845 | €816,912 | -€94,933 | -10.4% |
| Fixed assets | 21/28 | €779,030 | €730,346 | -€48,684 | -6.2% |
| Tangible fixed assets | 22/27 | €779,030 | €730,346 | -€48,684 | -6.2% |
| Land and buildings | 22 | €779,030 | €730,346 | -€48,684 | -6.2% |
| Current assets | 29/58 | €132,815 | €86,566 | -€46,249 | -34.8% |
| Amounts receivable within one year | 40/41 | €96,684 | €0 | -€96,684 | -100% |
| Other amounts receivable | 41 | €96,684 | €0 | -€96,684 | -100% |
| Cash at bank and in hand | 54/58 | €35,833 | €86,268 | +€50,435 | +141% |
| Deferred charges and accrued income | 490/1 | €298 | €298 | = | 0.0% |
| Total equity and liabilities | 10/49 | €911,845 | €816,912 | -€94,933 | -10.4% |
| Equity | 10/15 | €98,629 | €131,334 | +€32,704 | +33.2% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €2,283 | €2,283 | = | 0.0% |
| Distributable reserves | 133 | €2,283 | €2,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,847 | €91,551 | +€32,704 | +55.6% |
| Amounts payable | 17/49 | €813,215 | €685,578 | -€127,637 | -15.7% |
| Amounts payable after more than one year | 17 | €710,264 | €589,195 | -€121,070 | -17.0% |
| Financial debts | 170/4 | €710,264 | €589,195 | -€121,070 | -17.0% |
| Amounts payable within one year | 42/48 | €50,540 | €43,973 | -€6,567 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €36,040 | €36,545 | +€505 | +1.4% |
| Trade debts | 44 | €0 | €2,928 | +€2,928 | |
| Suppliers | 440/4 | €0 | €2,928 | +€2,928 | |
| Other amounts payable | 47/48 | €14,500 | €4,500 | -€10,000 | -69.0% |
| Accrued charges and deferred income | 492/3 | €52,411 | €52,411 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,684 | €48,684 | = | 0.0% |
| Other operating charges | 640/8 | €6,362 | €7,549 | +€1,187 | +18.7% |
| Gross operating margin | 9900 | €137,667 | €115,511 | -€22,157 | -16.1% |
| Operating profit (loss) | 9901 | €82,621 | €59,278 | -€23,343 | -28.3% |
| Financial charges | 65/66B | €4,747 | €4,445 | -€302 | -6.4% |
| Recurring financial charges | 65 | €4,747 | €4,445 | -€302 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €77,874 | €54,833 | -€23,041 | -29.6% |
| Income taxes | 67/77 | €27,000 | €22,129 | -€4,871 | -18.0% |
| Profit (loss) for the period | 9904 | €50,874 | €32,704 | -€18,170 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,874 | €32,704 | -€18,170 | -35.7% |
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 15 October 2026 via checked.be.