IMMO POTTELBERG: 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.
What changed
IMMO POTTELBERG
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,028
2024 · -€19,405+€9,377
Equity
€1.4m
2024 · €1.4m-€10,028
Cash
€279,547
2024 · €600,746-€321,199
Balance sheet total
€9.3m
2024 · €9.3m-€47,687
Largest movements
Assets
- Cash -€321,199
down €321,199 (-53.5%), from €600,746 to €279,547
mainly Investment in fixed assets (net) (-€535,400) and Trade debts (-€530,668)
- Receivables within one year +€225,273
up €225,273 (+10.9%), from €2.1m to €2.3m
of which Other amounts receivable: +€298,737
Equity and liabilities
- Other debts +€866,201
up €866,201 (+22.5%), from €3.8m to €4.7m
- Trade debts -€530,668
down €530,668 (-57.1%), from €929,972 to €399,304
- Debts after one year -€358,750
down €358,750 (-16.1%), from €2.2m to €1.9m
of which Financial debts: -€366,060
- Reserves -€115,973
down €115,973 (-14.5%), from €798,378 to €682,405
of which Tax-exempt reserves: -€117,738
- Profit (loss) carried forward +€105,945
up €105,945 (+59.9%), from €176,862 to €282,807
Income statement
- Gross operating margin +€161,455
up €161,455 (+18.5%), from €872,920 to €1.0m
- Financial charges +€68,641
up €68,641 (+32.9%), from €208,751 to €277,392
of which Financial charges: +€72,620
- Staff costs -€59,409
down €59,409 (-34.9%), from €170,322 to €110,913
- Depreciation +€53,221
up €53,221 (+12.8%), from €416,888 to €470,109
- Taxes +€45,253
up €45,253 (+171.1%), from €26,444 to €71,697
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
-€19,405
Gross operating margin
+€161,455
Staff costs
+€59,409
Depreciation
-€53,221
Write-downs
+€7,241
Other operating charges
-€44,403
Other operating items
+€3,128
Financial income
-€9,474
Financial charges
-€68,641
Taxes
-€45,253
Deferred taxes and other
-€864
Result 2025
-€10,028
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.
From operations
+€541,599
Investment
-€535,400
Financing
-€327,398
Cash 2024
€600,746
From operations (derived)
+€541,599
Net result for the year
-€10,028
Depreciation
+€470,109
Receivables after one year
+€94
Receivables within one year
-€225,273
Deferred charges and accrued income
+€16,959
Provisions
-€39,246
Trade debts
-€530,668
Tax, wage and social debts
-€6,727
Advances received
+€13,281
Other debts
+€866,201
Accrued charges and deferred income
-€13,103
Investment (derived)
-€535,400
Investment in fixed assets (net)
-€535,400
Financing
-€327,398
Debts after one year
-€358,750
Current portion of long-term debt
+€91,671
Short-term financial debts
-€60,318
Cash 2025
€279,547
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,339,518 | €9,291,831 | -€47,687 | -0.5% |
| Fixed assets | 21/28 | €6,513,114 | €6,578,405 | +€65,292 | +1.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,513,114 | €6,578,405 | +€65,292 | +1.0% |
| Land and buildings | 22 | €6,355,347 | €6,457,635 | +€102,289 | +1.6% |
| Furniture and vehicles | 24 | €157,767 | €120,770 | -€36,997 | -23.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,826,405 | €2,713,426 | -€112,979 | -4.0% |
| Amounts receivable after more than one year | 29 | €2,603 | €2,509 | -€94 | -3.6% |
| Other amounts receivable | 291 | €2,603 | €2,509 | -€94 | -3.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,075,748 | €2,301,022 | +€225,273 | +10.9% |
| Trade receivables | 40 | €212,531 | €139,067 | -€73,463 | -34.6% |
| Other amounts receivable | 41 | €1,863,218 | €2,161,955 | +€298,737 | +16.0% |
| Cash at bank and in hand | 54/58 | €600,746 | €279,547 | -€321,199 | -53.5% |
| Deferred charges and accrued income | 490/1 | €147,308 | €130,348 | -€16,959 | -11.5% |
| Total equity and liabilities | 10/49 | €9,339,518 | €9,291,831 | -€47,687 | -0.5% |
| Equity | 10/15 | €1,409,080 | €1,399,052 | -€10,028 | -0.7% |
| Contributions | 10/11 | €433,840 | €433,840 | = | 0.0% |
| Capital | 10 | €433,840 | €433,840 | = | 0.0% |
| Issued capital | 100 | €433,840 | €433,840 | = | 0.0% |
| Reserves | 13 | €798,378 | €682,405 | -€115,973 | -14.5% |
| Non-distributable reserves | 130/1 | €41,620 | €43,384 | +€1,764 | +4.2% |
| Legal reserve | 130 | €41,620 | €43,384 | +€1,764 | +4.2% |
| Tax-exempt reserves | 132 | €749,729 | €631,992 | -€117,738 | -15.7% |
| Distributable reserves | 133 | €7,029 | €7,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,862 | €282,807 | +€105,945 | +59.9% |
| Provisions and deferred taxes | 16 | €249,910 | €210,664 | -€39,246 | -15.7% |
| Deferred taxes | 168 | €249,910 | €210,664 | -€39,246 | -15.7% |
| Amounts payable | 17/49 | €7,680,529 | €7,682,115 | +€1,586 | 0.0% |
| Amounts payable after more than one year | 17 | €2,223,426 | €1,864,676 | -€358,750 | -16.1% |
| Financial debts | 170/4 | €2,201,601 | €1,835,541 | -€366,060 | -16.6% |
| Other amounts payable | 178/9 | €21,825 | €29,135 | +€7,310 | +33.5% |
| Amounts payable within one year | 42/48 | €5,284,346 | €5,657,786 | +€373,440 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €396,821 | €488,492 | +€91,671 | +23.1% |
| Financial debts | 43 | €60,318 | €0 | -€60,318 | -100.0% |
| Credit institutions | 430/8 | €60,318 | €0 | -€60,318 | -100.0% |
| Trade debts | 44 | €929,972 | €399,304 | -€530,668 | -57.1% |
| Suppliers | 440/4 | €929,972 | €399,304 | -€530,668 | -57.1% |
| Advances received on contracts in progress | 46 | €25,431 | €38,712 | +€13,281 | +52.2% |
| Taxes, remuneration and social security | 45 | €29,240 | €22,514 | -€6,727 | -23.0% |
| Taxes | 450/3 | €4,442 | €3,970 | -€472 | -10.6% |
| Remuneration and social security | 454/9 | €24,798 | €18,543 | -€6,255 | -25.2% |
| Other amounts payable | 47/48 | €3,842,563 | €4,708,764 | +€866,201 | +22.5% |
| Accrued charges and deferred income | 492/3 | €172,756 | €159,653 | -€13,103 | -7.6% |
| Non-recurring operating income | 76A | €122,473 | €25,708 | -€96,765 | -79.0% |
| Remuneration, social security and pensions | 62 | €170,322 | €110,913 | -€59,409 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416,888 | €470,109 | +€53,221 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,533 | -€3,708 | -€7,241 | |
| Other operating charges | 640/8 | €191,244 | €235,646 | +€44,403 | +23.2% |
| Non-recurring operating charges | 66A | €3,128 | €0 | -€3,128 | -100.0% |
| Gross operating margin | 9900 | €872,920 | €1,034,375 | +€161,455 | +18.5% |
| Operating profit (loss) | 9901 | €87,805 | €221,414 | +€133,609 | +152.2% |
| Financial income | 75/76B | €87,876 | €78,401 | -€9,474 | -10.8% |
| Recurring financial income | 75 | €87,876 | €78,401 | -€9,474 | -10.8% |
| Financial charges | 65/66B | €208,751 | €277,392 | +€68,641 | +32.9% |
| Recurring financial charges | 65 | €204,772 | €277,392 | +€72,620 | +35.5% |
| Non-recurring financial charges | 66B | €3,979 | €0 | -€3,979 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,070 | €22,424 | +€55,494 | |
| Transfer from deferred taxes | 780 | €40,110 | €39,246 | -€864 | -2.2% |
| Income taxes | 67/77 | €26,444 | €71,697 | +€45,253 | +171.1% |
| Profit (loss) for the period | 9904 | -€19,405 | -€10,028 | +€9,377 | +48.3% |
| Transfer from tax-exempt reserves | 789 | €120,329 | €117,738 | -€2,592 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,924 | €107,710 | +€6,785 | +6.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.