IMMO-PILLEN: 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-PILLEN
Largest movements
- Receivables within one year -€122,390
down €122,390 (-80.6%), from €151,884 to €29,494
- Cash +€92,976
up €92,976 (+228.6%), from €40,673 to €133,649
mainly Receivables within one year (+€122,390) and Other debts (+€16,605)
- Tangible fixed assets -€8,675
down €8,675 (-2.1%), from €404,414 to €395,739
of which Land and buildings: -€7,844
- Tax, wage and social debts -€36,517
down €36,517 (-38.1%), from €95,824 to €59,307
- Other debts +€16,605
up €16,605 (+532.3%), from €3,119 to €19,724
- Reserves -€16,140
down €16,140 (-2.8%), from €576,769 to €560,630
of which Distributable reserves: -€16,140
- Gross operating margin -€175,626
down €175,626, from €170,901 to -€4,725
- Taxes -€58,111
down €58,111 (-99.6%), from €58,358 to €247
- Financial income -€12,171
down €12,171 (-84.3%), from €14,446 to €2,275
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 | €795,314 | €757,868 | -€37,446 | -4.7% |
| Fixed assets | 21/28 | €407,232 | €398,557 | -€8,675 | -2.1% |
| Tangible fixed assets | 22/27 | €404,414 | €395,739 | -€8,675 | -2.1% |
| Land and buildings | 22 | €403,200 | €395,356 | -€7,844 | -1.9% |
| Plant, machinery and equipment | 23 | €48 | - | -€48 | |
| Furniture and vehicles | 24 | €1,166 | €383 | -€783 | -67.1% |
| Financial fixed assets | 28 | €2,819 | €2,819 | = | 0.0% |
| Current assets | 29/58 | €388,082 | €359,311 | -€28,771 | -7.4% |
| Amounts receivable after more than one year | 29 | €194,955 | €194,955 | = | 0.0% |
| Other amounts receivable | 291 | €194,955 | €194,955 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €151,884 | €29,494 | -€122,390 | -80.6% |
| Other amounts receivable | 41 | €151,884 | €29,494 | -€122,390 | -80.6% |
| Cash at bank and in hand | 54/58 | €40,673 | €133,649 | +€92,976 | +228.6% |
| Deferred charges and accrued income | 490/1 | €571 | €1,213 | +€642 | +112.5% |
| Total equity and liabilities | 10/49 | €795,314 | €757,868 | -€37,446 | -4.7% |
| Equity | 10/15 | €693,470 | €677,330 | -€16,140 | -2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €54,700 | €54,700 | = | 0.0% |
| Reserves | 13 | €576,769 | €560,630 | -€16,140 | -2.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €552,069 | €535,930 | -€16,140 | -2.9% |
| Amounts payable | 17/49 | €101,845 | €80,538 | -€21,307 | -20.9% |
| Amounts payable within one year | 42/48 | €101,845 | €80,538 | -€21,307 | -20.9% |
| Trade debts | 44 | €2,901 | €1,506 | -€1,395 | -48.1% |
| Suppliers | 440/4 | €2,901 | €1,506 | -€1,395 | -48.1% |
| Taxes, remuneration and social security | 45 | €95,824 | €59,307 | -€36,517 | -38.1% |
| Taxes | 450/3 | €95,824 | €59,307 | -€36,517 | -38.1% |
| Other amounts payable | 47/48 | €3,119 | €19,724 | +€16,605 | +532.3% |
| Non-recurring operating income | 76A | €181,272 | - | -€181,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,192 | €8,675 | -€517 | -5.6% |
| Other operating charges | 640/8 | €4,365 | €4,618 | +€253 | +5.8% |
| Gross operating margin | 9900 | €170,901 | -€4,725 | -€175,626 | |
| Operating profit (loss) | 9901 | €157,344 | -€18,018 | -€175,362 | |
| Financial income | 75/76B | €14,446 | €2,275 | -€12,171 | -84.3% |
| Recurring financial income | 75 | €14,446 | €2,275 | -€12,171 | -84.3% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €171,655 | -€15,893 | -€187,548 | |
| Income taxes | 67/77 | €58,358 | €247 | -€58,111 | -99.6% |
| Profit (loss) for the period | 9904 | €113,297 | -€16,140 | -€129,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,297 | -€16,140 | -€129,437 |
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 9 October 2026 via checked.be.