IMMO PINSONS: 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.
What changed
IMMO PINSONS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,941
2024 · €48,613+€28,328
Equity
€430,934
2024 · €383,993+€46,941
Cash
€549
2024 · €13,736-€13,187
Balance sheet total
€990,582
2024 · €1.4m-€362,274
Largest movements
Assets
- Financial fixed assets -€289,318
down €289,318 (-100%), from €289,318 to €0
- Tangible fixed assets -€57,011
down €57,011 (-5.5%), from €1.0m to €988,110
Equity and liabilities
- Debts after one year -€451,903
down €451,903 (-48.9%), from €924,710 to €472,807
of which Other amounts payable: -€416,217
- Profit (loss) carried forward +€46,941
up €46,941 (+16.2%), from €290,493 to €337,434
- Other debts +€30,000
new in 2025: €30,000
Income statement
- Financial income +€14,682
up €14,682 (+27.6%), from €53,200 to €67,882
- Financial charges -€7,799
down €7,799 (-31.8%), from €24,556 to €16,757
- Gross operating margin +€7,199
up €7,199 (+8.5%), from €84,264 to €91,464
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.
Result 2024
€48,613
Gross operating margin
+€7,199
Depreciation
-€726
Other operating charges
-€626
Financial income
+€14,682
Financial charges
+€7,799
Result 2025
€76,941
raises the resultlowers the result
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.
From operations
+€179,013
Investment
+€289,318
Financing
-€481,518
Cash 2024
€13,736
From operations (derived)
+€179,013
Net result for the year
+€76,941
Depreciation
+€57,011
Receivables within one year
+€377
Deferred charges and accrued income
+€2,381
Trade debts
+€5,611
Tax, wage and social debts
-€3,840
Other debts
+€30,000
Accrued charges and deferred income
+€10,531
Investment (derived)
+€289,318
Investment in fixed assets (net)
+€289,318
Financing
-€481,518
Debts after one year
-€451,903
Current portion of long-term debt
+€385
Contributions, distributions and other
-€30,000
Cash 2025
€549
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,352,856 | €990,582 | -€362,274 | -26.8% |
| Fixed assets | 21/28 | €1,334,439 | €988,110 | -€346,329 | -26.0% |
| Tangible fixed assets | 22/27 | €1,045,121 | €988,110 | -€57,011 | -5.5% |
| Land and buildings | 22 | €1,045,121 | €988,110 | -€57,011 | -5.5% |
| Financial fixed assets | 28 | €289,318 | €0 | -€289,318 | -100% |
| Current assets | 29/58 | €18,417 | €2,472 | -€15,945 | -86.6% |
| Amounts receivable within one year | 40/41 | €377 | €0 | -€377 | -100% |
| Trade receivables | 40 | €375 | €0 | -€375 | -100% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Cash at bank and in hand | 54/58 | €13,736 | €549 | -€13,187 | -96.0% |
| Deferred charges and accrued income | 490/1 | €4,303 | €1,922 | -€2,381 | -55.3% |
| Total equity and liabilities | 10/49 | €1,352,856 | €990,582 | -€362,274 | -26.8% |
| Equity | 10/15 | €383,993 | €430,934 | +€46,941 | +12.2% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,493 | €337,434 | +€46,941 | +16.2% |
| Amounts payable | 17/49 | €968,863 | €559,647 | -€409,215 | -42.2% |
| Amounts payable after more than one year | 17 | €924,710 | €472,807 | -€451,903 | -48.9% |
| Financial debts | 170/4 | €132,760 | €97,075 | -€35,685 | -26.9% |
| Other amounts payable | 178/9 | €791,950 | €375,733 | -€416,217 | -52.6% |
| Amounts payable within one year | 42/48 | €39,545 | €71,701 | +€32,156 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | €35,301 | €35,685 | +€385 | +1.1% |
| Trade debts | 44 | €404 | €6,016 | +€5,611 | +1,388% |
| Suppliers | 440/4 | €404 | €6,016 | +€5,611 | +1,388% |
| Taxes, remuneration and social security | 45 | €3,840 | €0 | -€3,840 | -100% |
| Taxes | 450/3 | €3,840 | €0 | -€3,840 | -100% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €4,608 | €15,139 | +€10,531 | +229% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,285 | €57,011 | +€726 | +1.3% |
| Other operating charges | 640/8 | €8,010 | €8,636 | +€626 | +7.8% |
| Gross operating margin | 9900 | €84,264 | €91,464 | +€7,199 | +8.5% |
| Operating profit (loss) | 9901 | €19,969 | €25,817 | +€5,848 | +29.3% |
| Financial income | 75/76B | €53,200 | €67,882 | +€14,682 | +27.6% |
| Recurring financial income | 75 | €53,200 | €67,882 | +€14,682 | +27.6% |
| Financial charges | 65/66B | €24,556 | €16,757 | -€7,799 | -31.8% |
| Recurring financial charges | 65 | €24,556 | €16,757 | -€7,799 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €48,613 | €76,941 | +€28,328 | +58.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €48,613 | €76,941 | +€28,328 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,613 | €76,941 | +€28,328 | +58.3% |
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 13 October 2026 via checked.be.