PB-IMMO: 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.
PB-IMMO
Largest movements
- Cash +€20,693
up €20,693 (+21.0%), from €98,441 to €119,135
mainly Depreciation (+€10,632) and Net result for the year (+€9,637)
- Tangible fixed assets -€10,632
down €10,632 (-5.6%), from €189,756 to €179,124
of which Plant, machinery and equipment: -€5,970
- Profit (loss) carried forward +€11,576
up €11,576 (+4.0%), from -€286,450 to -€274,874
- Gross operating margin +€5,641
up €5,641 (+28.6%), from €19,710 to €25,351
- Taxes +€1,437
new in 2024: €1,437
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,066 | €299,141 | +€10,075 | +3.5% |
| Fixed assets | 21/28 | €189,756 | €179,124 | -€10,632 | -5.6% |
| Tangible fixed assets | 22/27 | €189,756 | €179,124 | -€10,632 | -5.6% |
| Land and buildings | 22 | €163,928 | €159,266 | -€4,662 | -2.8% |
| Plant, machinery and equipment | 23 | €25,828 | €19,858 | -€5,970 | -23.1% |
| Current assets | 29/58 | €99,310 | €120,017 | +€20,707 | +20.9% |
| Amounts receivable within one year | 40/41 | - | €120 | +€120 | |
| Trade receivables | 40 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €98,441 | €119,135 | +€20,693 | +21.0% |
| Deferred charges and accrued income | 490/1 | €869 | €763 | -€106 | -12.2% |
| Total equity and liabilities | 10/49 | €289,066 | €299,141 | +€10,075 | +3.5% |
| Equity | 10/15 | €155,569 | €165,205 | +€9,637 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,419 | €421,479 | -€1,940 | -0.5% |
| Tax-exempt reserves | 132 | €46,610 | €44,671 | -€1,940 | -4.2% |
| Distributable reserves | 133 | €376,809 | €376,809 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,450 | -€274,874 | +€11,576 | +4.0% |
| Provisions and deferred taxes | 16 | €24,001 | €23,002 | -€999 | -4.2% |
| Deferred taxes | 168 | €24,001 | €23,002 | -€999 | -4.2% |
| Amounts payable | 17/49 | €109,497 | €110,934 | +€1,437 | +1.3% |
| Amounts payable within one year | 42/48 | €109,484 | €110,921 | +€1,437 | +1.3% |
| Taxes, remuneration and social security | 45 | - | €1,437 | +€1,437 | |
| Taxes | 450/3 | - | €1,437 | +€1,437 | |
| Other amounts payable | 47/48 | €109,484 | €109,484 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,632 | €10,632 | = | 0.0% |
| Other operating charges | 640/8 | €4,316 | €4,490 | +€174 | +4.0% |
| Gross operating margin | 9900 | €19,710 | €25,351 | +€5,641 | +28.6% |
| Operating profit (loss) | 9901 | €4,762 | €10,228 | +€5,466 | +114.8% |
| Financial charges | 65/66B | €153 | €153 | -€0 | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,608 | €10,075 | +€5,466 | +118.6% |
| Transfer from deferred taxes | 780 | €999 | €999 | = | 0.0% |
| Income taxes | 67/77 | - | €1,437 | +€1,437 | |
| Profit (loss) for the period | 9904 | €5,607 | €9,637 | +€4,029 | +71.9% |
| Transfer from tax-exempt reserves | 789 | €1,940 | €1,940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,547 | €11,576 | +€4,029 | +53.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.