IMMO PIRAUX: what changed
Two fiscal 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 PIRAUX
Largest movements
- Cash +€58,557
up €58,557 (+67.2%), from €87,174 to €145,731
mainly Depreciation (+€43,398) and Net result for the year (+€22,959)
- Tangible fixed assets -€42,757
down €42,757 (-11.8%), from €362,845 to €320,088
of which Land and buildings: -€36,046
- Profit (loss) carried forward +€22,959
up €22,959 (+12.0%), from €191,797 to €214,756
- Other operating charges +€6,212
new in 2025: €6,212
- Gross operating margin -€5,950
down €5,950 (-6.9%), from €86,252 to €80,302
- Taxes -€2,971
down €2,971 (-28.0%), from €10,611 to €7,640
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 | €451,547 | €471,215 | +€19,667 | +4.4% |
| Formation expenses | 20 | €641 | €0 | -€641 | -100.0% |
| Fixed assets | 21/28 | €362,845 | €320,088 | -€42,757 | -11.8% |
| Tangible fixed assets | 22/27 | €362,845 | €320,088 | -€42,757 | -11.8% |
| Land and buildings | 22 | €356,134 | €320,088 | -€36,046 | -10.1% |
| Plant, machinery and equipment | 23 | €6,711 | €0 | -€6,711 | -100.0% |
| Current assets | 29/58 | €88,061 | €151,126 | +€63,065 | +71.6% |
| Amounts receivable within one year | 40/41 | €887 | €1,959 | +€1,072 | +120.9% |
| Other amounts receivable | 41 | €887 | €1,959 | +€1,072 | +120.9% |
| Cash at bank and in hand | 54/58 | €87,174 | €145,731 | +€58,557 | +67.2% |
| Deferred charges and accrued income | 490/1 | - | €3,437 | +€3,437 | |
| Total equity and liabilities | 10/49 | €451,547 | €471,215 | +€19,667 | +4.4% |
| Equity | 10/15 | €438,587 | €461,545 | +€22,959 | +5.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €236,790 | €236,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €915 | €915 | = | 0.0% |
| Reserves not available under the articles | 1311 | €915 | €915 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,836 | €16,836 | = | 0.0% |
| Distributable reserves | 133 | €219,038 | €219,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,797 | €214,756 | +€22,959 | +12.0% |
| Amounts payable | 17/49 | €12,961 | €9,669 | -€3,291 | -25.4% |
| Amounts payable within one year | 42/48 | €12,961 | €9,669 | -€3,291 | -25.4% |
| Trade debts | 44 | €549 | €227 | -€322 | -58.7% |
| Suppliers | 440/4 | €549 | €227 | -€322 | -58.7% |
| Taxes, remuneration and social security | 45 | €12,411 | €9,442 | -€2,969 | -23.9% |
| Taxes | 450/3 | €11,811 | €8,842 | -€2,969 | -25.1% |
| Remuneration and social security | 454/9 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,804 | €43,398 | -€405 | -0.9% |
| Other operating charges | 640/8 | - | €6,212 | +€6,212 | |
| Gross operating margin | 9900 | €86,252 | €80,302 | -€5,950 | -6.9% |
| Operating profit (loss) | 9901 | €42,449 | €30,693 | -€11,756 | -27.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3 | €93 | +€90 | +2615.4% |
| Recurring financial charges | 65 | €3 | €93 | +€90 | +2615.4% |
| Profit (loss) for the period before taxes | 9903 | €42,445 | €30,599 | -€11,846 | -27.9% |
| Income taxes | 67/77 | €10,611 | €7,640 | -€2,971 | -28.0% |
| Profit (loss) for the period | 9904 | €31,834 | €22,959 | -€8,875 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,834 | €22,959 | -€8,875 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.