IMMO PELZER: 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 PELZER
Largest movements
- Cash -€28,300
down €28,300 (-34.5%), from €82,045 to €53,745
mainly Debts after one year (-€29,779) and Investment in fixed assets (net) (-€16,736)
- Tangible fixed assets -€6,123
down €6,123 (-1.6%), from €392,380 to €386,257
of which Land and buildings: -€5,813
- Debts after one year -€29,779
down €29,779 (-13.8%), from €215,687 to €185,908
- Profit (loss) carried forward -€7,035
down €7,035 (-133.6%), from -€5,266 to -€12,301
- Gross operating margin -€2,423
down €2,423 (-8.9%), from €27,238 to €24,815
- Depreciation +€641
up €641 (+2.9%), from €22,218 to €22,859
- Financial charges -€631
down €631 (-10.6%), from €5,965 to €5,334
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 | €474,737 | €440,003 | -€34,734 | -7.3% |
| Fixed assets | 21/28 | €392,380 | €386,257 | -€6,123 | -1.6% |
| Tangible fixed assets | 22/27 | €392,380 | €386,257 | -€6,123 | -1.6% |
| Land and buildings | 22 | €392,071 | €386,257 | -€5,813 | -1.5% |
| Furniture and vehicles | 24 | €310 | - | -€310 | |
| Current assets | 29/58 | €82,356 | €53,745 | -€28,611 | -34.7% |
| Cash at bank and in hand | 54/58 | €82,045 | €53,745 | -€28,300 | -34.5% |
| Deferred charges and accrued income | 490/1 | €311 | - | -€311 | |
| Total equity and liabilities | 10/49 | €474,737 | €440,003 | -€34,734 | -7.3% |
| Equity | 10/15 | €13,334 | €6,299 | -€7,035 | -52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,266 | -€12,301 | -€7,035 | -133.6% |
| Amounts payable | 17/49 | €461,403 | €433,704 | -€27,699 | -6.0% |
| Amounts payable after more than one year | 17 | €215,687 | €185,908 | -€29,779 | -13.8% |
| Financial debts | 170/4 | €215,687 | €185,908 | -€29,779 | -13.8% |
| Amounts payable within one year | 42/48 | €245,716 | €247,796 | +€2,080 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €29,178 | €29,779 | +€601 | +2.1% |
| Other amounts payable | 47/48 | €216,538 | €218,017 | +€1,479 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,218 | €22,859 | +€641 | +2.9% |
| Other operating charges | 640/8 | €3,686 | €3,658 | -€29 | -0.8% |
| Gross operating margin | 9900 | €27,238 | €24,815 | -€2,423 | -8.9% |
| Operating profit (loss) | 9901 | €1,334 | -€1,701 | -€3,035 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,965 | €5,334 | -€631 | -10.6% |
| Recurring financial charges | 65 | €5,965 | €5,334 | -€631 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,631 | -€7,035 | -€2,404 | -51.9% |
| Profit (loss) for the period | 9904 | -€4,631 | -€7,035 | -€2,404 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,631 | -€7,035 | -€2,404 | -51.9% |
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 1 October 2026 via checked.be.