IMMO PUBLIECK: 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 PUBLIECK
Largest movements
- Cash +€15,834
up €15,834 (+64.7%), from €24,459 to €40,293
mainly Net result for the year (+€12,133) and Receivables within one year (+€2,469)
- Receivables within one year -€2,469
down €2,469 (-77.1%), from €3,201 to €732
of which Trade receivables: -€2,190
- Profit (loss) carried forward +€12,133
up €12,133 (+39.6%), from €30,672 to €42,805
- Gross operating margin -€961
down €961 (-4.2%), from €22,723 to €21,763
- Taxes -€334
down €334 (-7.6%), from €4,379 to €4,044
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 | €118,716 | €131,012 | +€12,296 | +10.4% |
| Fixed assets | 21/28 | €91,056 | €89,988 | -€1,068 | -1.2% |
| Tangible fixed assets | 22/27 | €91,056 | €89,988 | -€1,068 | -1.2% |
| Land and buildings | 22 | €88,600 | €88,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,456 | €1,388 | -€1,068 | -43.5% |
| Current assets | 29/58 | €27,660 | €41,025 | +€13,365 | +48.3% |
| Amounts receivable within one year | 40/41 | €3,201 | €732 | -€2,469 | -77.1% |
| Trade receivables | 40 | €2,190 | €0 | -€2,190 | -100.0% |
| Other amounts receivable | 41 | €1,011 | €732 | -€279 | -27.6% |
| Cash at bank and in hand | 54/58 | €24,459 | €40,293 | +€15,834 | +64.7% |
| Total equity and liabilities | 10/49 | €118,716 | €131,012 | +€12,296 | +10.4% |
| Equity | 10/15 | €118,388 | €130,521 | +€12,133 | +10.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €67,716 | €67,716 | = | 0.0% |
| Distributable reserves | 133 | €67,716 | €67,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,672 | €42,805 | +€12,133 | +39.6% |
| Amounts payable | 17/49 | €328 | €492 | +€163 | +49.8% |
| Amounts payable within one year | 42/48 | €328 | €492 | +€163 | +49.8% |
| Trade debts | 44 | €126 | €447 | +€321 | +255.0% |
| Suppliers | 440/4 | €126 | €447 | +€321 | +255.0% |
| Taxes, remuneration and social security | 45 | €202 | €44 | -€158 | -78.1% |
| Taxes | 450/3 | €202 | €44 | -€158 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €1,068 | = | 0.0% |
| Other operating charges | 640/8 | €4,484 | €4,517 | +€33 | +0.7% |
| Gross operating margin | 9900 | €22,723 | €21,763 | -€961 | -4.2% |
| Operating profit (loss) | 9901 | €17,171 | €16,177 | -€993 | -5.8% |
| Financial charges | 65/66B | €2 | €0 | -€2 | -100.0% |
| Recurring financial charges | 65 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €17,169 | €16,177 | -€992 | -5.8% |
| Income taxes | 67/77 | €4,379 | €4,044 | -€334 | -7.6% |
| Profit (loss) for the period | 9904 | €12,790 | €12,133 | -€657 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,790 | €12,133 | -€657 | -5.1% |
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 8 October 2026 via checked.be.