IMMO PINO: 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 PINO
Largest movements
- Tangible fixed assets -€9,608
down €9,608 (-12.3%), from €77,952 to €68,345
of which Land and buildings: -€8,414
- Receivables within one year +€5,975
up €5,975 (+4.3%), from €139,550 to €145,525
of which Other amounts receivable: +€10,285
- Tax, wage and social debts -€7,710
no longer reported in 2025 (was €7,710)
- Other debts +€3,490
new in 2025: €3,490
- Other operating charges -€1,518
down €1,518 (-48.1%), from €3,153 to €1,635
- Depreciation +€1,201
up €1,201 (+14.3%), from €8,406 to €9,608
- Financial charges -€721
down €721 (-93.0%), from €775 to €54
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 | €218,089 | €214,002 | -€4,087 | -1.9% |
| Fixed assets | 21/28 | €77,952 | €68,345 | -€9,608 | -12.3% |
| Tangible fixed assets | 22/27 | €77,952 | €68,345 | -€9,608 | -12.3% |
| Land and buildings | 22 | €72,294 | €63,880 | -€8,414 | -11.6% |
| Plant, machinery and equipment | 23 | €5,659 | €4,465 | -€1,194 | -21.1% |
| Current assets | 29/58 | €140,137 | €145,657 | +€5,520 | +3.9% |
| Amounts receivable within one year | 40/41 | €139,550 | €145,525 | +€5,975 | +4.3% |
| Trade receivables | 40 | €4,310 | - | -€4,310 | |
| Other amounts receivable | 41 | €135,240 | €145,525 | +€10,285 | +7.6% |
| Cash at bank and in hand | 54/58 | €587 | €132 | -€455 | -77.5% |
| Total equity and liabilities | 10/49 | €218,089 | €214,002 | -€4,087 | -1.9% |
| Equity | 10/15 | €209,998 | €210,511 | +€514 | +0.2% |
| Revaluation surpluses | 12 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €119,542 | €119,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €119,542 | €119,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,820 | €6,820 | = | 0.0% |
| Other | 1319 | €112,722 | €112,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,255 | €22,769 | +€514 | +2.3% |
| Amounts payable | 17/49 | €8,091 | €3,490 | -€4,601 | -56.9% |
| Amounts payable within one year | 42/48 | €8,091 | €3,490 | -€4,601 | -56.9% |
| Trade debts | 44 | €381 | - | -€381 | |
| Suppliers | 440/4 | €381 | - | -€381 | |
| Taxes, remuneration and social security | 45 | €7,710 | - | -€7,710 | |
| Taxes | 450/3 | €7,710 | - | -€7,710 | |
| Other amounts payable | 47/48 | - | €3,490 | +€3,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,406 | €9,608 | +€1,201 | +14.3% |
| Other operating charges | 640/8 | €3,153 | €1,635 | -€1,518 | -48.1% |
| Gross operating margin | 9900 | €11,867 | €11,810 | -€57 | -0.5% |
| Operating profit (loss) | 9901 | €308 | €568 | +€259 | +84.1% |
| Financial charges | 65/66B | €775 | €54 | -€721 | -93.0% |
| Recurring financial charges | 65 | €775 | €54 | -€721 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | -€467 | €514 | +€981 | |
| Profit (loss) for the period | 9904 | -€467 | €514 | +€981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€467 | €514 | +€981 |
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 23 October 2026 via checked.be.