IMMO PVM: 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 PVM
Largest movements
- Tangible fixed assets -€4,508
down €4,508 (-4.2%), from €106,238 to €101,730
of which Land and buildings: -€4,011
- Receivables within one year +€2,200
new in 2025: €2,200
- Current portion of long-term debt -€9,818
no longer reported in 2025 (was €9,818)
- Profit (loss) carried forward +€9,222
up €9,222 (+18.6%), from €49,464 to €58,686
- Tax, wage and social debts -€2,002
no longer reported in 2025 (was €2,002)
- Gross operating margin -€8,247
down €8,247 (-28.3%), from €29,175 to €20,928
- Other operating charges -€1,855
down €1,855 (-43.7%), from €4,247 to €2,392
- Taxes -€1,700
down €1,700 (-34.0%), from €5,000 to €3,300
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 | €108,684 | €105,736 | -€2,948 | -2.7% |
| Fixed assets | 21/28 | €106,238 | €101,730 | -€4,508 | -4.2% |
| Tangible fixed assets | 22/27 | €106,238 | €101,730 | -€4,508 | -4.2% |
| Land and buildings | 22 | €76,139 | €72,128 | -€4,011 | -5.3% |
| Plant, machinery and equipment | 23 | €30,099 | €29,602 | -€497 | -1.7% |
| Current assets | 29/58 | €2,446 | €4,006 | +€1,560 | +63.8% |
| Amounts receivable within one year | 40/41 | - | €2,200 | +€2,200 | |
| Other amounts receivable | 41 | - | €2,200 | +€2,200 | |
| Cash at bank and in hand | 54/58 | €2,160 | €1,516 | -€644 | -29.8% |
| Deferred charges and accrued income | 490/1 | €286 | €290 | +€4 | +1.4% |
| Total equity and liabilities | 10/49 | €108,684 | €105,736 | -€2,948 | -2.7% |
| Equity | 10/15 | €94,464 | €103,686 | +€9,222 | +9.8% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,464 | €58,686 | +€9,222 | +18.6% |
| Amounts payable | 17/49 | €14,220 | €2,050 | -€12,170 | -85.6% |
| Amounts payable within one year | 42/48 | €11,820 | - | -€11,820 | |
| Current portion of amounts payable after more than one year | 42 | €9,818 | - | -€9,818 | |
| Taxes, remuneration and social security | 45 | €2,002 | - | -€2,002 | |
| Taxes | 450/3 | €2,002 | - | -€2,002 | |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,050 | -€350 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,800 | €5,830 | +€30 | +0.5% |
| Other operating charges | 640/8 | €4,247 | €2,392 | -€1,855 | -43.7% |
| Gross operating margin | 9900 | €29,175 | €20,928 | -€8,247 | -28.3% |
| Operating profit (loss) | 9901 | €19,128 | €12,706 | -€6,422 | -33.6% |
| Financial charges | 65/66B | €466 | €184 | -€282 | -60.5% |
| Recurring financial charges | 65 | €466 | €184 | -€282 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €18,662 | €12,522 | -€6,140 | -32.9% |
| Income taxes | 67/77 | €5,000 | €3,300 | -€1,700 | -34.0% |
| Profit (loss) for the period | 9904 | €13,662 | €9,222 | -€4,440 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,662 | €9,222 | -€4,440 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.