P. REALTY: 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. REALTY
Largest movements
- Cash -€800,684
down €800,684 (-91.4%), from €876,087 to €75,403
mainly Receivables within one year (-€391,426) and Deferred charges and accrued income (-€174,188)
- Receivables within one year +€391,426
up €391,426 (+7.4%), from €5.3m to €5.7m
of which Other amounts receivable: +€244,437
- Deferred charges and accrued income +€174,188
up €174,188 (+16.8%), from €1.0m to €1.2m
- Other debts -€141,638
down €141,638 (-1.6%), from €8.8m to €8.7m
- Gross operating margin -€63,361
down €63,361 (-65.0%), from -€97,518 to -€160,880
- Staff costs +€49,217
up €49,217 (+186.4%), from €26,410 to €75,626
- Taxes -€9,175
down €9,175 (-96.4%), from €9,516 to €341
- Financial income -€2,440
down €2,440 (-1.2%), from €205,579 to €203,139
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 | €9,280,370 | €9,080,224 | -€200,146 | -2.2% |
| Fixed assets | 21/28 | €96,200 | €77,955 | -€18,245 | -19.0% |
| Intangible fixed assets | 21 | €8,788 | €7,335 | -€1,453 | -16.5% |
| Tangible fixed assets | 22/27 | €81,274 | €64,482 | -€16,792 | -20.7% |
| Plant, machinery and equipment | 23 | €3,536 | €2,944 | -€592 | -16.7% |
| Furniture and vehicles | 24 | €75,664 | €57,977 | -€17,686 | -23.4% |
| Other tangible fixed assets | 26 | €2,074 | €3,560 | +€1,486 | +71.6% |
| Financial fixed assets | 28 | €6,138 | €6,138 | = | 0.0% |
| Current assets | 29/58 | €9,184,171 | €9,002,269 | -€181,901 | -2.0% |
| Amounts receivable after more than one year | 29 | €466,540 | €466,540 | = | 0.0% |
| Other amounts receivable | 291 | €466,540 | €466,540 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,318,800 | €5,710,226 | +€391,426 | +7.4% |
| Trade receivables | 40 | €306,364 | €453,354 | +€146,989 | +48.0% |
| Other amounts receivable | 41 | €5,012,436 | €5,256,872 | +€244,437 | +4.9% |
| Current investments | 50/53 | €1,488,152 | €1,541,321 | +€53,169 | +3.6% |
| Cash at bank and in hand | 54/58 | €876,087 | €75,403 | -€800,684 | -91.4% |
| Deferred charges and accrued income | 490/1 | €1,034,591 | €1,208,779 | +€174,188 | +16.8% |
| Total equity and liabilities | 10/49 | €9,280,370 | €9,080,224 | -€200,146 | -2.2% |
| Equity | 10/15 | €478,960 | €416,999 | -€61,962 | -12.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €416,960 | €354,999 | -€61,962 | -14.9% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Legal reserve | 130 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €410,260 | €348,299 | -€61,962 | -15.1% |
| Amounts payable | 17/49 | €8,801,410 | €8,663,225 | -€138,184 | -1.6% |
| Amounts payable within one year | 42/48 | €8,801,410 | €8,663,225 | -€138,184 | -1.6% |
| Trade debts | 44 | €5,935 | €4,312 | -€1,622 | -27.3% |
| Suppliers | 440/4 | €5,935 | €4,312 | -€1,622 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,854 | €7,930 | +€5,076 | +177.9% |
| Taxes | 450/3 | - | €79 | +€79 | |
| Remuneration and social security | 454/9 | €2,854 | €7,851 | +€4,998 | +175.1% |
| Other amounts payable | 47/48 | €8,792,621 | €8,650,983 | -€141,638 | -1.6% |
| Remuneration, social security and pensions | 62 | €26,410 | €75,626 | +€49,217 | +186.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,134 | €20,521 | +€1,387 | +7.2% |
| Other operating charges | 640/8 | €7,149 | €7,056 | -€93 | -1.3% |
| Gross operating margin | 9900 | -€97,518 | -€160,880 | -€63,361 | -65.0% |
| Operating profit (loss) | 9901 | -€150,211 | -€264,083 | -€113,872 | -75.8% |
| Financial income | 75/76B | €205,579 | €203,139 | -€2,440 | -1.2% |
| Recurring financial income | 75 | €205,579 | €203,139 | -€2,440 | -1.2% |
| Financial charges | 65/66B | €1,133 | €677 | -€456 | -40.3% |
| Recurring financial charges | 65 | €1,133 | €677 | -€456 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €54,235 | -€61,621 | -€115,856 | |
| Income taxes | 67/77 | €9,516 | €341 | -€9,175 | -96.4% |
| Profit (loss) for the period | 9904 | €44,719 | -€61,962 | -€106,681 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,719 | -€61,962 | -€106,681 |
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 11 October 2026 via checked.be.