P&V 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&V Immo
Largest movements
- Tangible fixed assets +€4.9m
up €4.9m (+1,551%), from €318,360 to €5.3m
- Revaluation surpluses +€5.0m
new in 2025: €5.0m
- Reserves +€267,102
up €267,102 (+67.0%), from €398,668 to €665,770
of which Distributable reserves: +€267,102
- Other debts -€199,692
down €199,692 (-99.7%), from €200,356 to €663
- Debts after one year -€79,992
down €79,992 (-40.0%), from €200,060 to €120,068
- Gross operating margin -€26,945
down €26,945 (-6.4%), from €423,601 to €396,656
- Taxes -€8,315
down €8,315 (-8.5%), from €97,349 to €89,034
- Financial income -€6,012
down €6,012 (-26.9%), from €22,358 to €16,347
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 | €1,022,248 | €5,989,272 | +€5.0m | +486% |
| Fixed assets | 21/28 | €318,360 | €5,255,000 | +€4.9m | +1,551% |
| Tangible fixed assets | 22/27 | €318,360 | €5,255,000 | +€4.9m | +1,551% |
| Land and buildings | 22 | €318,360 | €5,255,000 | +€4.9m | +1,551% |
| Current assets | 29/58 | €703,888 | €734,272 | +€30,383 | +4.3% |
| Amounts receivable within one year | 40/41 | €525,081 | €507,439 | -€17,642 | -3.4% |
| Other amounts receivable | 41 | €525,081 | €507,439 | -€17,642 | -3.4% |
| Cash at bank and in hand | 54/58 | €177,175 | €225,494 | +€48,319 | +27.3% |
| Deferred charges and accrued income | 490/1 | €1,633 | €1,339 | -€293 | -18.0% |
| Total equity and liabilities | 10/49 | €1,022,248 | €5,989,272 | +€5.0m | +486% |
| Equity | 10/15 | €534,492 | €5,775,919 | +€5.2m | +981% |
| Contributions | 10/11 | €135,824 | €135,824 | = | 0.0% |
| Capital | 10 | €130,629 | €130,629 | = | 0.0% |
| Issued capital | 100 | €130,629 | €130,629 | = | 0.0% |
| Contributions outside capital | 11 | €5,195 | €5,195 | = | 0.0% |
| Share premium | 1100/10 | €5,195 | €5,195 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,974,326 | +€5.0m | |
| Reserves | 13 | €398,668 | €665,770 | +€267,102 | +67.0% |
| Non-distributable reserves | 130/1 | €13,063 | €13,063 | = | 0.0% |
| Legal reserve | 130 | €13,063 | €13,063 | = | 0.0% |
| Distributable reserves | 133 | €385,605 | €652,707 | +€267,102 | +69.3% |
| Amounts payable | 17/49 | €487,757 | €213,352 | -€274,404 | -56.3% |
| Amounts payable after more than one year | 17 | €200,060 | €120,068 | -€79,992 | -40.0% |
| Financial debts | 170/4 | €200,060 | €120,068 | -€79,992 | -40.0% |
| Amounts payable within one year | 42/48 | €287,697 | €93,284 | -€194,412 | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €79,992 | €79,992 | = | 0.0% |
| Trade debts | 44 | - | €2,948 | +€2,948 | |
| Suppliers | 440/4 | - | €2,948 | +€2,948 | |
| Taxes, remuneration and social security | 45 | €7,349 | €9,681 | +€2,332 | +31.7% |
| Taxes | 450/3 | €7,349 | €9,681 | +€2,332 | +31.7% |
| Other amounts payable | 47/48 | €200,356 | €663 | -€199,692 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,966 | €53,111 | +€146 | +0.3% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €423,601 | €396,656 | -€26,945 | -6.4% |
| Operating profit (loss) | 9901 | €370,573 | €343,482 | -€27,091 | -7.3% |
| Financial income | 75/76B | €22,358 | €16,347 | -€6,012 | -26.9% |
| Recurring financial income | 75 | €22,358 | €16,347 | -€6,012 | -26.9% |
| Financial charges | 65/66B | €4,311 | €3,693 | -€618 | -14.3% |
| Recurring financial charges | 65 | €4,311 | €3,693 | -€618 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €388,620 | €356,136 | -€32,484 | -8.4% |
| Income taxes | 67/77 | €97,349 | €89,034 | -€8,315 | -8.5% |
| Profit (loss) for the period | 9904 | €291,271 | €267,102 | -€24,169 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €291,271 | €267,102 | -€24,169 | -8.3% |
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 17 October 2026 via checked.be.