IMMO PONETTE: 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 PONETTE
NACE 55.203, Holiday cottages, homes and apartments
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€115,010
2024 · €58,170-€173,180
Equity
€316,659
2024 · €431,669-€115,010
Cash
€104,817
2024 · €132,359-€27,542
Balance sheet total
€1.6m
2024 · €1.7m-€132,696
Largest movements
Assets
- Tangible fixed assets -€116,948
down €116,948 (-12.4%), from €945,578 to €828,630
of which Land and buildings: -€108,498
- Cash -€27,542
down €27,542 (-20.8%), from €132,359 to €104,817
mainly Net result for the year (-€115,010) and Other debts (-€12,290)
Equity and liabilities
- Profit (loss) carried forward -€115,010
down €115,010 (-52.3%), from -€220,026 to -€335,036
Income statement
- Gross operating margin -€160,245
down €160,245 (-94.7%), from €169,246 to €9,001
- Depreciation +€3,185
up €3,185 (+3.1%), from €103,409 to €106,594
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
€58,170
Gross operating margin
-€160,245
Staff costs
-€603
Depreciation
-€3,185
Other operating charges
-€285
Other operating items
-€8,991
Financial income
+€106
Financial charges
-€17
Taxes
+€40
Result 2025
-€115,010
raises the resultlowers the resultnot broken down further in the accounts
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
-€37,896
Investment
+€10,354
Financing
€0
Cash 2024
€132,359
From operations (derived)
-€37,896
Net result for the year
-€115,010
Depreciation
+€106,594
Stocks and contracts
-€776
Receivables within one year
-€10,820
Deferred charges and accrued income
-€198
Trade debts
-€5,396
Tax, wage and social debts
-€8,397
Other debts
-€12,290
Accrued charges and deferred income
+€8,397
Investment (derived)
+€10,354
Investment in fixed assets (net)
+€10,354
Cash 2025
€104,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,740,573 | €1,607,877 | -€132,696 | -7.6% |
| Fixed assets | 21/28 | €945,578 | €828,630 | -€116,948 | -12.4% |
| Tangible fixed assets | 22/27 | €945,578 | €828,630 | -€116,948 | -12.4% |
| Land and buildings | 22 | €901,211 | €792,713 | -€108,498 | -12.0% |
| Plant, machinery and equipment | 23 | €17,168 | €12,502 | -€4,667 | -27.2% |
| Furniture and vehicles | 24 | €27,199 | €23,416 | -€3,783 | -13.9% |
| Current assets | 29/58 | €794,995 | €779,247 | -€15,748 | -2.0% |
| Stocks and contracts in progress | 3 | €578,360 | €579,136 | +€776 | +0.1% |
| Stocks | 30/36 | €578,360 | €579,136 | +€776 | +0.1% |
| Amounts receivable within one year | 40/41 | €80,041 | €90,861 | +€10,820 | +13.5% |
| Trade receivables | 40 | €80,041 | €90,861 | +€10,820 | +13.5% |
| Cash at bank and in hand | 54/58 | €132,359 | €104,817 | -€27,542 | -20.8% |
| Deferred charges and accrued income | 490/1 | €4,235 | €4,432 | +€198 | +4.7% |
| Total equity and liabilities | 10/49 | €1,740,573 | €1,607,877 | -€132,696 | -7.6% |
| Equity | 10/15 | €431,669 | €316,659 | -€115,010 | -26.6% |
| Contributions | 10/11 | €651,695 | €651,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,026 | -€335,036 | -€115,010 | -52.3% |
| Amounts payable | 17/49 | €1,308,904 | €1,291,218 | -€17,685 | -1.4% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €233,394 | €207,311 | -€26,083 | -11.2% |
| Trade debts | 44 | €10,703 | €5,307 | -€5,396 | -50.4% |
| Suppliers | 440/4 | €10,703 | €5,307 | -€5,396 | -50.4% |
| Taxes, remuneration and social security | 45 | €9,705 | €1,308 | -€8,397 | -86.5% |
| Taxes | 450/3 | €9,705 | €1,308 | -€8,397 | -86.5% |
| Other amounts payable | 47/48 | €212,985 | €200,696 | -€12,290 | -5.8% |
| Accrued charges and deferred income | 492/3 | €75,510 | €83,908 | +€8,397 | +11.1% |
| Non-recurring operating income | 76A | €98,562 | - | -€98,562 | |
| Remuneration, social security and pensions | 62 | -€575 | €28 | +€603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,409 | €106,594 | +€3,185 | +3.1% |
| Other operating charges | 640/8 | €6,662 | €6,948 | +€285 | +4.3% |
| Non-recurring operating charges | 66A | - | €8,991 | +€8,991 | |
| Gross operating margin | 9900 | €169,246 | €9,001 | -€160,245 | -94.7% |
| Operating profit (loss) | 9901 | €59,750 | -€113,560 | -€173,310 | |
| Financial income | 75/76B | €0 | €106 | +€106 | +531,250% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300% |
| Non-recurring financial income | 76B | - | €106 | +€106 | |
| Financial charges | 65/66B | €788 | €804 | +€17 | +2.1% |
| Recurring financial charges | 65 | €788 | €804 | +€17 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €58,963 | -€114,258 | -€173,220 | |
| Income taxes | 67/77 | €793 | €752 | -€40 | -5.1% |
| Profit (loss) for the period | 9904 | €58,170 | -€115,010 | -€173,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,170 | -€115,010 | -€173,180 |
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 15 October 2026 via checked.be.