IMMO PIETTE: 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 PIETTE
Largest movements
- Receivables within one year +€49,950
up €49,950, from €0 to €49,950
- Cash -€27,317
down €27,317 (-87.0%), from €31,384 to €4,066
mainly Receivables within one year (-€49,950) and Trade debts (-€2,465)
- Tangible fixed assets -€10,397
down €10,397 (-5.5%), from €190,082 to €179,686
of which Land and buildings: -€8,526
- Reserves +€17,237
up €17,237 (+22.5%), from €76,639 to €93,877
of which Distributable reserves: +€17,237
- Trade debts -€2,465
down €2,465 (-19.3%), from €12,804 to €10,339
- Tax, wage and social debts -€2,413
down €2,413 (-36.0%), from €6,708 to €4,296
- Gross operating margin +€8,451
up €8,451 (+28.3%), from €29,835 to €38,286
- Taxes +€1,886
up €1,886 (+44.8%), from €4,205 to €6,091
- Other operating charges +€679
up €679 (+17.7%), from €3,837 to €4,516
- Depreciation +€591
up €591 (+6.0%), from €9,806 to €10,397
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 | €223,364 | €235,084 | +€11,720 | +5.2% |
| Fixed assets | 21/28 | €190,082 | €179,686 | -€10,397 | -5.5% |
| Tangible fixed assets | 22/27 | €190,082 | €179,686 | -€10,397 | -5.5% |
| Land and buildings | 22 | €182,009 | €173,483 | -€8,526 | -4.7% |
| Furniture and vehicles | 24 | €8,073 | €6,202 | -€1,871 | -23.2% |
| Current assets | 29/58 | €33,281 | €55,398 | +€22,117 | +66.5% |
| Amounts receivable within one year | 40/41 | €0 | €49,950 | +€49,950 | |
| Other amounts receivable | 41 | €0 | €49,950 | +€49,950 | |
| Cash at bank and in hand | 54/58 | €31,384 | €4,066 | -€27,317 | -87.0% |
| Deferred charges and accrued income | 490/1 | €1,897 | €1,382 | -€516 | -27.2% |
| Total equity and liabilities | 10/49 | €223,364 | €235,084 | +€11,720 | +5.2% |
| Equity | 10/15 | €132,169 | €149,407 | +€17,237 | +13.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €76,639 | €93,877 | +€17,237 | +22.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €73,541 | €90,778 | +€17,237 | +23.4% |
| Profit (loss) carried forward | 14 | €24,543 | €24,543 | = | 0.0% |
| Amounts payable | 17/49 | €91,194 | €85,677 | -€5,517 | -6.0% |
| Amounts payable within one year | 42/48 | €87,124 | €81,496 | -€5,628 | -6.5% |
| Trade debts | 44 | €12,804 | €10,339 | -€2,465 | -19.3% |
| Suppliers | 440/4 | €12,804 | €10,339 | -€2,465 | -19.3% |
| Taxes, remuneration and social security | 45 | €6,708 | €4,296 | -€2,413 | -36.0% |
| Taxes | 450/3 | €6,708 | €4,296 | -€2,413 | -36.0% |
| Other amounts payable | 47/48 | €67,612 | €66,862 | -€750 | -1.1% |
| Accrued charges and deferred income | 492/3 | €4,070 | €4,181 | +€111 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,806 | €10,397 | +€591 | +6.0% |
| Other operating charges | 640/8 | €3,837 | €4,516 | +€679 | +17.7% |
| Gross operating margin | 9900 | €29,835 | €38,286 | +€8,451 | +28.3% |
| Operating profit (loss) | 9901 | €16,192 | €23,373 | +€7,181 | +44.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €101 | €45 | -€56 | -55.3% |
| Recurring financial charges | 65 | €101 | €45 | -€56 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €16,091 | €23,328 | +€7,237 | +45.0% |
| Income taxes | 67/77 | €4,205 | €6,091 | +€1,886 | +44.8% |
| Profit (loss) for the period | 9904 | €11,886 | €17,237 | +€5,351 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,886 | €17,237 | +€5,351 | +45.0% |
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 22 October 2026 via checked.be.