IMMO PHICAR: 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 PHICAR
Largest movements
- Receivables within one year +€62,569
up €62,569 (+21.7%), from €287,836 to €350,405
of which Other amounts receivable: +€62,570
- Cash -€48,826
down €48,826 (-79.4%), from €61,458 to €12,632
mainly Receivables within one year (-€62,569) and Tax, wage and social debts (-€4,547)
- Tangible fixed assets -€13,871
down €13,871 (-3.7%), from €378,035 to €364,164
of which Land and buildings: -€13,849
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€11,572
up €11,572 (+57.6%), from €20,074 to €31,647
- Other operating charges +€3,016
up €3,016 (+10.8%), from €27,973 to €30,989
- Financial income +€2,337
up €2,337 (+15.3%), from €15,258 to €17,595
- Depreciation -€663
down €663 (-4.6%), from €14,534 to €13,871
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 | €739,296 | €738,661 | -€635 | -0.1% |
| Fixed assets | 21/28 | €384,030 | €370,159 | -€13,871 | -3.6% |
| Tangible fixed assets | 22/27 | €378,035 | €364,164 | -€13,871 | -3.7% |
| Land and buildings | 22 | €378,013 | €364,164 | -€13,849 | -3.7% |
| Plant, machinery and equipment | 23 | €22 | €0 | -€22 | -100.0% |
| Financial fixed assets | 28 | €5,995 | €5,995 | = | 0.0% |
| Current assets | 29/58 | €355,267 | €368,502 | +€13,236 | +3.7% |
| Amounts receivable within one year | 40/41 | €287,836 | €350,405 | +€62,569 | +21.7% |
| Trade receivables | 40 | €1 | €0 | -€1 | -100.0% |
| Other amounts receivable | 41 | €287,834 | €350,405 | +€62,570 | +21.7% |
| Cash at bank and in hand | 54/58 | €61,458 | €12,632 | -€48,826 | -79.4% |
| Deferred charges and accrued income | 490/1 | €5,973 | €5,466 | -€508 | -8.5% |
| Total equity and liabilities | 10/49 | €739,296 | €738,661 | -€635 | -0.1% |
| Equity | 10/15 | €469,781 | €473,320 | +€3,539 | +0.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €404,781 | €408,320 | +€3,539 | +0.9% |
| Non-distributable reserves | 130/1 | €72,385 | €72,385 | = | 0.0% |
| Legal reserve | 130 | €72,385 | €72,385 | = | 0.0% |
| Tax-exempt reserves | 132 | €262,379 | €262,379 | = | 0.0% |
| Distributable reserves | 133 | €70,017 | €73,557 | +€3,539 | +5.1% |
| Provisions and deferred taxes | 16 | €87,460 | €87,460 | = | 0.0% |
| Deferred taxes | 168 | €87,460 | €87,460 | = | 0.0% |
| Amounts payable | 17/49 | €182,056 | €177,881 | -€4,175 | -2.3% |
| Amounts payable after more than one year | 17 | €174,628 | €174,628 | = | 0.0% |
| Other amounts payable | 178/9 | €174,628 | €174,628 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,093 | €2,569 | -€4,525 | -63.8% |
| Trade debts | 44 | €1,346 | €1,369 | +€22 | +1.7% |
| Suppliers | 440/4 | €1,346 | €1,369 | +€22 | +1.7% |
| Taxes, remuneration and social security | 45 | €4,547 | €0 | -€4,547 | -100.0% |
| Taxes | 450/3 | €4,547 | €0 | -€4,547 | -100.0% |
| Other amounts payable | 47/48 | €1,200 | €1,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €335 | €685 | +€350 | +104.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,534 | €13,871 | -€663 | -4.6% |
| Other operating charges | 640/8 | €27,973 | €30,989 | +€3,016 | +10.8% |
| Gross operating margin | 9900 | €20,074 | €31,647 | +€11,572 | +57.6% |
| Operating profit (loss) | 9901 | -€22,433 | -€13,213 | +€9,220 | +41.1% |
| Financial income | 75/76B | €15,258 | €17,595 | +€2,337 | +15.3% |
| Recurring financial income | 75 | €15,258 | €17,595 | +€2,337 | +15.3% |
| Financial charges | 65/66B | €712 | €842 | +€130 | +18.3% |
| Recurring financial charges | 65 | €712 | €842 | +€130 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,887 | €3,539 | +€11,426 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,887 | €3,539 | +€11,426 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,887 | €3,539 | +€11,426 |
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.