IMMO - PIMA: 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 - PIMA
Largest movements
- Tangible fixed assets -€92,328
down €92,328 (-17.5%), from €527,650 to €435,321
of which Land and buildings: -€75,604
- Cash -€50,411
down €50,411 (-93.3%), from €54,056 to €3,645
mainly Short-term financial debts (-€150,000) and Deferred charges and accrued income (-€25,192)
- Deferred charges and accrued income +€25,192
up €25,192 (+1,104%), from €2,283 to €27,474
- Receivables within one year +€14,123
up €14,123 (+3.2%), from €440,360 to €454,482
- Short-term financial debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Reserves +€45,192
up €45,192 (+9.4%), from €478,802 to €523,994
of which Distributable reserves: +€45,192
- Gross operating margin -€140,293
down €140,293 (-51.5%), from €272,483 to €132,190
- Taxes -€11,881
down €11,881 (-72.4%), from €16,400 to €4,519
- Financial charges -€3,840
down €3,840 (-30.9%), from €12,430 to €8,591
- Financial income +€3,389
up €3,389 (+16.4%), from €20,721 to €24,109
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 | €1,024,348 | €920,923 | -€103,425 | -10.1% |
| Fixed assets | 21/28 | €527,650 | €435,321 | -€92,328 | -17.5% |
| Tangible fixed assets | 22/27 | €527,650 | €435,321 | -€92,328 | -17.5% |
| Land and buildings | 22 | €480,289 | €404,686 | -€75,604 | -15.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €47,360 | €30,636 | -€16,724 | -35.3% |
| Current assets | 29/58 | €496,699 | €485,602 | -€11,097 | -2.2% |
| Amounts receivable within one year | 40/41 | €440,360 | €454,482 | +€14,123 | +3.2% |
| Other amounts receivable | 41 | €440,360 | €454,482 | +€14,123 | +3.2% |
| Cash at bank and in hand | 54/58 | €54,056 | €3,645 | -€50,411 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,283 | €27,474 | +€25,192 | +1,104% |
| Total equity and liabilities | 10/49 | €1,024,348 | €920,923 | -€103,425 | -10.1% |
| Equity | 10/15 | €866,572 | €911,764 | +€45,192 | +5.2% |
| Contributions | 10/11 | €402,579 | €402,579 | = | 0.0% |
| Capital | 10 | €402,579 | €402,579 | = | 0.0% |
| Issued capital | 100 | €402,579 | €402,579 | = | 0.0% |
| Revaluation surpluses | 12 | €124,961 | €124,961 | = | 0.0% |
| Reserves | 13 | €478,802 | €523,994 | +€45,192 | +9.4% |
| Non-distributable reserves | 130/1 | €40,258 | €40,258 | = | 0.0% |
| Legal reserve | 130 | €40,258 | €40,258 | = | 0.0% |
| Distributable reserves | 133 | €438,544 | €483,736 | +€45,192 | +10.3% |
| Profit (loss) carried forward | 14 | -€139,769 | -€139,769 | = | 0.0% |
| Amounts payable | 17/49 | €157,776 | €9,159 | -€148,617 | -94.2% |
| Amounts payable within one year | 42/48 | €157,776 | €9,159 | -€148,617 | -94.2% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Trade debts | 44 | €2,451 | €2,825 | +€375 | +15.3% |
| Suppliers | 440/4 | €2,451 | €2,825 | +€375 | +15.3% |
| Taxes, remuneration and social security | 45 | €5,326 | €6,334 | +€1,008 | +18.9% |
| Taxes | 450/3 | €5,326 | €6,334 | +€1,008 | +18.9% |
| Non-recurring operating income | 76A | €7,986 | €0 | -€7,986 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,720 | €91,385 | -€336 | -0.4% |
| Other operating charges | 640/8 | €4,360 | €6,613 | +€2,252 | +51.7% |
| Gross operating margin | 9900 | €272,483 | €132,190 | -€140,293 | -51.5% |
| Operating profit (loss) | 9901 | €176,402 | €34,192 | -€142,210 | -80.6% |
| Financial income | 75/76B | €20,721 | €24,109 | +€3,389 | +16.4% |
| Recurring financial income | 75 | €20,721 | €24,109 | +€3,389 | +16.4% |
| Financial charges | 65/66B | €12,430 | €8,591 | -€3,840 | -30.9% |
| Recurring financial charges | 65 | €12,430 | €8,591 | -€3,840 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €184,692 | €49,711 | -€134,981 | -73.1% |
| Income taxes | 67/77 | €16,400 | €4,519 | -€11,881 | -72.4% |
| Profit (loss) for the period | 9904 | €168,292 | €45,192 | -€123,101 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €168,292 | €45,192 | -€123,101 | -73.1% |
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.