IMMO PHILIVET: 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 PHILIVET
Largest movements
- Tangible fixed assets -€69,619
down €69,619 (-4.8%), from €1.5m to €1.4m
- Receivables within one year -€15,152
down €15,152 (-80.6%), from €18,792 to €3,640
of which Trade receivables: -€15,257
- Debts after one year -€162,333
down €162,333 (-17.2%), from €943,848 to €781,515
of which Other amounts payable: -€110,552
- Reserves +€73,000
up €73,000 (+21.3%), from €343,000 to €416,000
of which Distributable reserves: +€73,000
- Gross operating margin -€17,414
down €17,414 (-7.5%), from €233,698 to €216,284
- Financial charges -€10,636
down €10,636 (-24.3%), from €43,772 to €33,136
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 | €1,515,148 | €1,420,988 | -€94,159 | -6.2% |
| Fixed assets | 21/28 | €1,461,788 | €1,392,169 | -€69,619 | -4.8% |
| Tangible fixed assets | 22/27 | €1,461,788 | €1,392,169 | -€69,619 | -4.8% |
| Land and buildings | 22 | €1,461,788 | €1,392,169 | -€69,619 | -4.8% |
| Current assets | 29/58 | €53,359 | €28,819 | -€24,540 | -46.0% |
| Amounts receivable within one year | 40/41 | €18,792 | €3,640 | -€15,152 | -80.6% |
| Trade receivables | 40 | €18,792 | €3,535 | -€15,257 | -81.2% |
| Other amounts receivable | 41 | - | €104 | +€104 | |
| Cash at bank and in hand | 54/58 | €33,890 | €25,165 | -€8,726 | -25.7% |
| Deferred charges and accrued income | 490/1 | €677 | €15 | -€662 | -97.8% |
| Total equity and liabilities | 10/49 | €1,515,148 | €1,420,988 | -€94,159 | -6.2% |
| Equity | 10/15 | €383,852 | €456,661 | +€72,810 | +19.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €343,000 | €416,000 | +€73,000 | +21.3% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €339,000 | €412,000 | +€73,000 | +21.5% |
| Profit (loss) carried forward | 14 | €852 | €661 | -€190 | -22.3% |
| Amounts payable | 17/49 | €1,131,296 | €964,327 | -€166,969 | -14.8% |
| Amounts payable after more than one year | 17 | €943,848 | €781,515 | -€162,333 | -17.2% |
| Financial debts | 170/4 | €833,296 | €781,515 | -€51,781 | -6.2% |
| Other amounts payable | 178/9 | €110,552 | - | -€110,552 | |
| Amounts payable within one year | 42/48 | €170,854 | €181,269 | +€10,415 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €151,761 | €150,660 | -€1,101 | -0.7% |
| Trade debts | 44 | €462 | €9,496 | +€9,035 | +1,956% |
| Suppliers | 440/4 | €462 | €9,496 | +€9,035 | +1,956% |
| Taxes, remuneration and social security | 45 | €18,631 | €21,113 | +€2,482 | +13.3% |
| Taxes | 450/3 | €18,631 | €21,113 | +€2,482 | +13.3% |
| Accrued charges and deferred income | 492/3 | €16,594 | €1,543 | -€15,051 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,004 | €69,619 | -€385 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€440 | -€440 | |
| Other operating charges | 640/8 | €16,090 | €16,595 | +€505 | +3.1% |
| Gross operating margin | 9900 | €233,698 | €216,284 | -€17,414 | -7.5% |
| Operating profit (loss) | 9901 | €147,604 | €130,509 | -€17,095 | -11.6% |
| Financial income | 75/76B | €256 | €97 | -€160 | -62.3% |
| Recurring financial income | 75 | €256 | €97 | -€160 | -62.3% |
| Financial charges | 65/66B | €43,772 | €33,136 | -€10,636 | -24.3% |
| Recurring financial charges | 65 | €43,772 | €33,136 | -€10,636 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €104,088 | €97,470 | -€6,618 | -6.4% |
| Income taxes | 67/77 | €26,557 | €24,660 | -€1,897 | -7.1% |
| Profit (loss) for the period | 9904 | €77,531 | €72,810 | -€4,721 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,531 | €72,810 | -€4,721 | -6.1% |
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 16 October 2026 via checked.be.