Immo-Puyhoek: what changed
What changed
Immo-Puyhoek
filed annual accounts (NBB)
Net result for the year
€51,047
2024 · €1.5m-€1.4m
Equity
€8.1m
2024 · €8.1m+€51,047
Cash
-
2024 · €0
Balance sheet total
€23.0m
2024 · €22.6m+€352,922
Largest movements
Assets
- Financial fixed assets +€1.4m
up €1.4m (+15.0%), from €9.3m to €10.7m
of which Affiliated companies: +€1.4m
- Stocks and contracts -€1.1m
down €1.1m (-7.9%), from €13.3m to €12.3m
Equity and liabilities
- Trade debts +€709,640
up €709,640 (+1,759%), from €40,345 to €749,985
- Tax, wage and social debts -€452,554
down €452,554 (-92.4%), from €489,845 to €37,292
Income statement
- Turnover -€9.6m
down €9.6m (-82.4%), from €11.6m to €2.0m
- Financial income +€461,789
up €461,789, from €0 to €461,789
- Taxes -€400,318
down €400,318 (-81.9%), from €489,004 to €88,687
of which Taxes: -€400,481
- Financial charges -€240,235
down €240,235 (-30.9%), from €777,801 to €537,566
- Goods and materials -€211,603
down €211,603 (-65.7%), from €321,852 to €110,249
of which Change in stocks: decrease (increase): -€650,083
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.5m
Turnover
-€9.6m
Other operating income
-€6,683
Goods and materials
+€211,603
Services and other goods
-€712
Other operating charges
+€12,446
Other operating items
+€6.8m
Financial income
+€461,789
Financial charges
+€240,235
Taxes
+€400,318
Result 2025
€51,047
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
-€1.4m
Financing
€0
Cash 2024
€0
From operations (derived)
+€1.4m
Net result for the year
+€51,047
Stocks and contracts
+€1.1m
Receivables within one year
-€17,525
Trade debts
+€709,640
Tax, wage and social debts
-€452,554
Accrued charges and deferred income
+€44,788
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,629,434 | €22,982,356 | +€352,922 | +1.6% |
| Fixed assets | 21/28 | €9,282,549 | €10,677,187 | +€1.4m | +15.0% |
| Financial fixed assets | 28 | €9,282,549 | €10,677,187 | +€1.4m | +15.0% |
| Affiliated companies | 280/1 | €9,257,549 | €10,652,187 | +€1.4m | +15.1% |
| Amounts receivable | 281 | €9,257,549 | €10,652,187 | +€1.4m | +15.1% |
| Other financial fixed assets | 284/8 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €13,346,885 | €12,305,168 | -€1.0m | -7.8% |
| Stocks and contracts in progress | 3 | €13,346,885 | €12,287,644 | -€1.1m | -7.9% |
| Stocks | 30/36 | €13,346,885 | €12,287,644 | -€1.1m | -7.9% |
| Property held for sale | 35 | €13,346,885 | €12,287,644 | -€1.1m | -7.9% |
| Amounts receivable within one year | 40/41 | - | €17,525 | +€17,525 | |
| Trade receivables | 40 | - | €17,525 | +€17,525 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €22,629,434 | €22,982,356 | +€352,922 | +1.6% |
| Equity | 10/15 | €8,080,849 | €8,131,896 | +€51,047 | +0.6% |
| Contributions | 10/11 | €2,460,000 | €2,460,000 | = | 0.0% |
| Capital | 10 | €2,460,000 | €2,460,000 | = | 0.0% |
| Issued capital | 100 | €2,460,000 | €2,460,000 | = | 0.0% |
| Reserves | 13 | €1,175,160 | €1,175,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €246,000 | €246,000 | = | 0.0% |
| Legal reserve | 130 | €246,000 | €246,000 | = | 0.0% |
| Distributable reserves | 133 | €929,160 | €929,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,445,689 | €4,496,736 | +€51,047 | +1.1% |
| Amounts payable | 17/49 | €14,548,585 | €14,850,460 | +€301,874 | +2.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,548,585 | €14,805,671 | +€257,086 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €14,000,000 | €14,000,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €40,345 | €749,985 | +€709,640 | +1,759% |
| Suppliers | 440/4 | €40,345 | €749,985 | +€709,640 | +1,759% |
| Advances received on contracts in progress | 46 | €18,395 | €18,395 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €489,845 | €37,292 | -€452,554 | -92.4% |
| Taxes | 450/3 | €489,845 | €37,292 | -€452,554 | -92.4% |
| Accrued charges and deferred income | 492/3 | - | €44,788 | +€44,788 | |
| Operating income | 70/76A | €3,110,731 | €341,388 | -€2.8m | -89.0% |
| Turnover | 70 | €11,596,171 | €2,042,026 | -€9.6m | -82.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€8,500,809 | -€1,709,324 | +€6.8m | +79.9% |
| Other operating income | 74 | €15,368 | €8,686 | -€6,683 | -43.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €349,214 | €125,877 | -€223,337 | -64.0% |
| Goods for resale, raw materials and consumables | 60 | €321,852 | €110,249 | -€211,603 | -65.7% |
| Purchases | 600/8 | €321,852 | €760,332 | +€438,480 | +136% |
| Change in stocks: decrease (increase) | 609 | €0 | -€650,083 | -€650,083 | |
| Services and other goods | 61 | €6,461 | €7,174 | +€712 | +11.0% |
| Other operating charges | 640/8 | €20,900 | €8,454 | -€12,446 | -59.6% |
| Operating profit (loss) | 9901 | €2,761,517 | €215,511 | -€2.5m | -92.2% |
| Financial income | 75/76B | €0 | €461,789 | +€461,789 | |
| Recurring financial income | 75 | €0 | €461,789 | +€461,789 | |
| Income from financial fixed assets | 750 | - | €461,789 | +€461,789 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €777,801 | €537,566 | -€240,235 | -30.9% |
| Recurring financial charges | 65 | €777,801 | €537,566 | -€240,235 | -30.9% |
| Debt charges | 650 | €776,434 | €535,690 | -€240,744 | -31.0% |
| Other financial charges | 652/9 | €1,367 | €1,877 | +€509 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €1,983,716 | €139,734 | -€1.8m | -93.0% |
| Income taxes | 67/77 | €489,004 | €88,687 | -€400,318 | -81.9% |
| Taxes | 670/3 | €489,167 | €88,687 | -€400,481 | -81.9% |
| Tax adjustments and reversals of tax provisions | 77 | €163 | €0 | -€163 | -100% |
| Profit (loss) for the period | 9904 | €1,494,712 | €51,047 | -€1.4m | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,494,712 | €51,047 | -€1.4m | -96.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.