P.G.IMMO: 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.
P.G.IMMO
Largest movements
- Tangible fixed assets -€7,657
down €7,657 (-5.1%), from €149,107 to €141,450
of which Land and buildings: -€7,533
- Cash +€6,292
up €6,292 (+22.6%), from €27,784 to €34,076
mainly Depreciation (+€7,657) and Net result for the year (+€790)
- Profit (loss) carried forward +€4,997
up €4,997 (+7.4%), from -€67,401 to -€62,404
- Reserves -€4,207
down €4,207 (-4.8%), from €86,793 to €82,585
of which Tax-exempt reserves: -€4,207
- Provisions -€2,166
down €2,166 (-5.0%), from €43,734 to €41,567
- Purchases and services -€1,714
down €1,714 (-34.3%), from €5,003 to €3,289
- Gross operating margin +€1,652
up €1,652 (+23.4%), from €7,059 to €8,711
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,891 | €175,526 | -€1,365 | -0.8% |
| Fixed assets | 21/28 | €149,107 | €141,450 | -€7,657 | -5.1% |
| Tangible fixed assets | 22/27 | €149,107 | €141,450 | -€7,657 | -5.1% |
| Land and buildings | 22 | €148,235 | €140,703 | -€7,533 | -5.1% |
| Plant, machinery and equipment | 23 | €872 | €747 | -€125 | -14.3% |
| Current assets | 29/58 | €27,784 | €34,076 | +€6,292 | +22.6% |
| Cash at bank and in hand | 54/58 | €27,784 | €34,076 | +€6,292 | +22.6% |
| Total equity and liabilities | 10/49 | €176,891 | €175,526 | -€1,365 | -0.8% |
| Equity | 10/15 | €37,992 | €38,782 | +€790 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,793 | €82,585 | -€4,207 | -4.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,933 | €80,725 | -€4,207 | -5.0% |
| Profit (loss) carried forward | 14 | -€67,401 | -€62,404 | +€4,997 | +7.4% |
| Provisions and deferred taxes | 16 | €43,734 | €41,567 | -€2,166 | -5.0% |
| Deferred taxes | 168 | €43,734 | €41,567 | -€2,166 | -5.0% |
| Amounts payable | 17/49 | €95,166 | €95,177 | +€12 | 0.0% |
| Amounts payable within one year | 42/48 | €94,166 | €94,177 | +€12 | 0.0% |
| Trade debts | 44 | - | €12 | +€12 | |
| Suppliers | 440/4 | - | €12 | +€12 | |
| Other amounts payable | 47/48 | €94,166 | €94,166 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Turnover | 70 | €12,062 | €12,000 | -€62 | -0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,003 | €3,289 | -€1,714 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,657 | €7,657 | = | 0.0% |
| Other operating charges | 640/8 | €2,327 | €2,394 | +€67 | +2.9% |
| Gross operating margin | 9900 | €7,059 | €8,711 | +€1,652 | +23.4% |
| Operating profit (loss) | 9901 | -€2,925 | -€1,341 | +€1,585 | +54.2% |
| Financial charges | 65/66B | €44 | €36 | -€8 | -18.2% |
| Recurring financial charges | 65 | €44 | €36 | -€8 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,969 | -€1,377 | +€1,593 | +53.6% |
| Transfer from deferred taxes | 780 | €2,166 | €2,166 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€803 | €790 | +€1,593 | |
| Transfer from tax-exempt reserves | 789 | €4,207 | €4,207 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,405 | €4,997 | +€1,593 | +46.8% |
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 16 October 2026 via checked.be.