IMMO P&Y: 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&Y
Largest movements
- Tangible fixed assets -€43,589
down €43,589 (-10.6%), from €411,348 to €367,759
- Deferred charges and accrued income +€7,340
up €7,340 (+147%), from €5,000 to €12,340
- Debts after one year -€30,000
down €30,000 (-13.3%), from €225,000 to €195,000
- Other debts -€21,001
down €21,001 (-33.6%), from €62,445 to €41,444
- Reserves +€11,687
up €11,687 (+8.2%), from €142,481 to €154,168
of which Distributable reserves: +€11,687
- Tax, wage and social debts +€11,355
up €11,355 (+26.9%), from €42,275 to €53,630
of which Remuneration and social security: +€10,211
- Gross operating margin -€7,179
down €7,179 (-7.9%), from €91,417 to €84,238
- Financial charges -€4,470
down €4,470 (-26.8%), from €16,697 to €12,227
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 | €526,304 | €493,242 | -€33,062 | -6.3% |
| Fixed assets | 21/28 | €411,348 | €367,759 | -€43,589 | -10.6% |
| Tangible fixed assets | 22/27 | €411,348 | €367,759 | -€43,589 | -10.6% |
| Land and buildings | 22 | €411,348 | €367,759 | -€43,589 | -10.6% |
| Current assets | 29/58 | €114,956 | €125,483 | +€10,527 | +9.2% |
| Amounts receivable within one year | 40/41 | €20,953 | €19,453 | -€1,500 | -7.2% |
| Other amounts receivable | 41 | €20,953 | €19,453 | -€1,500 | -7.2% |
| Cash at bank and in hand | 54/58 | €89,003 | €93,690 | +€4,687 | +5.3% |
| Deferred charges and accrued income | 490/1 | €5,000 | €12,340 | +€7,340 | +147% |
| Total equity and liabilities | 10/49 | €526,304 | €493,242 | -€33,062 | -6.3% |
| Equity | 10/15 | €161,481 | €173,168 | +€11,687 | +7.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €142,481 | €154,168 | +€11,687 | +8.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €140,581 | €152,268 | +€11,687 | +8.3% |
| Amounts payable | 17/49 | €364,823 | €320,074 | -€44,749 | -12.3% |
| Amounts payable after more than one year | 17 | €225,000 | €195,000 | -€30,000 | -13.3% |
| Financial debts | 170/4 | €225,000 | €195,000 | -€30,000 | -13.3% |
| Amounts payable within one year | 42/48 | €134,720 | €125,074 | -€9,646 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,275 | €53,630 | +€11,355 | +26.9% |
| Taxes | 450/3 | €10,336 | €11,479 | +€1,143 | +11.1% |
| Remuneration and social security | 454/9 | €31,939 | €42,150 | +€10,211 | +32.0% |
| Other amounts payable | 47/48 | €62,445 | €41,444 | -€21,001 | -33.6% |
| Accrued charges and deferred income | 492/3 | €5,103 | €0 | -€5,103 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,588 | €43,589 | +€1 | 0.0% |
| Other operating charges | 640/8 | €10,562 | €10,876 | +€314 | +3.0% |
| Gross operating margin | 9900 | €91,417 | €84,238 | -€7,179 | -7.9% |
| Operating profit (loss) | 9901 | €37,267 | €29,774 | -€7,493 | -20.1% |
| Financial income | 75/76B | - | €264 | +€264 | |
| Recurring financial income | 75 | - | €264 | +€264 | |
| Financial charges | 65/66B | €16,697 | €12,227 | -€4,470 | -26.8% |
| Recurring financial charges | 65 | €16,697 | €12,227 | -€4,470 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €20,570 | €17,810 | -€2,760 | -13.4% |
| Income taxes | 67/77 | €6,827 | €6,123 | -€704 | -10.3% |
| Profit (loss) for the period | 9904 | €13,743 | €11,688 | -€2,055 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,743 | €11,688 | -€2,055 | -15.0% |
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.