PB IMMOBILIER: 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.
PB IMMOBILIER
Largest movements
- Receivables within one year +€60,845
up €60,845 (+284%), from €21,417 to €82,262
of which Other amounts receivable: +€36,343
- Tangible fixed assets +€59,490
new in 2025: €59,490
- Cash -€3,812
down €3,812 (-16.7%), from €22,842 to €19,030
mainly Contributions, distributions and other (-€70,588) and Receivables within one year (-€60,845)
- Other debts +€70,588
new in 2025: €70,588
- Debts after one year +€54,000
new in 2025: €54,000
- Profit (loss) carried forward -€29,349
down €29,349 (-91.9%), from €31,929 to €2,580
- Tax, wage and social debts +€14,564
up €14,564 (+377%), from €3,864 to €18,428
- Trade debts +€6,720
up €6,720 (+123%), from €5,466 to €12,186
- Gross operating margin +€21,823
up €21,823 (+51.2%), from €42,637 to €64,460
- Financial charges -€9,780
down €9,780 (-79.0%), from €12,379 to €2,600
- Other operating charges +€5,343
up €5,343 (+205%), from €2,608 to €7,952
- Taxes +€2,766
up €2,766 (+25.6%), from €10,815 to €13,580
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 | €44,258 | €160,782 | +€116,524 | +263% |
| Fixed assets | 21/28 | - | €59,490 | +€59,490 | |
| Tangible fixed assets | 22/27 | - | €59,490 | +€59,490 | |
| Land and buildings | 22 | - | €59,490 | +€59,490 | |
| Current assets | 29/58 | €44,258 | €101,292 | +€57,033 | +129% |
| Amounts receivable within one year | 40/41 | €21,417 | €82,262 | +€60,845 | +284% |
| Trade receivables | 40 | €1,434 | €25,936 | +€24,502 | +1,709% |
| Other amounts receivable | 41 | €19,983 | €56,326 | +€36,343 | +182% |
| Cash at bank and in hand | 54/58 | €22,842 | €19,030 | -€3,812 | -16.7% |
| Total equity and liabilities | 10/49 | €44,258 | €160,782 | +€116,524 | +263% |
| Equity | 10/15 | €34,929 | €5,580 | -€29,349 | -84.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,929 | €2,580 | -€29,349 | -91.9% |
| Amounts payable | 17/49 | €9,330 | €155,202 | +€145,872 | +1,564% |
| Amounts payable after more than one year | 17 | - | €54,000 | +€54,000 | |
| Financial debts | 170/4 | - | €54,000 | +€54,000 | |
| Amounts payable within one year | 42/48 | €9,330 | €101,202 | +€91,872 | +985% |
| Trade debts | 44 | €5,466 | €12,186 | +€6,720 | +123% |
| Suppliers | 440/4 | €5,466 | €12,186 | +€6,720 | +123% |
| Taxes, remuneration and social security | 45 | €3,864 | €18,428 | +€14,564 | +377% |
| Taxes | 450/3 | €3,864 | €18,428 | +€14,564 | +377% |
| Other amounts payable | 47/48 | - | €70,588 | +€70,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €510 | +€316 | +164% |
| Other operating charges | 640/8 | €2,608 | €7,952 | +€5,343 | +205% |
| Gross operating margin | 9900 | €42,637 | €64,460 | +€21,823 | +51.2% |
| Operating profit (loss) | 9901 | €39,835 | €55,998 | +€16,163 | +40.6% |
| Financial income | 75/76B | €835 | €1,421 | +€587 | +70.3% |
| Recurring financial income | 75 | €835 | €1,421 | +€587 | +70.3% |
| Financial charges | 65/66B | €12,379 | €2,600 | -€9,780 | -79.0% |
| Recurring financial charges | 65 | €12,379 | €2,600 | -€9,780 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €28,291 | €54,820 | +€26,529 | +93.8% |
| Income taxes | 67/77 | €10,815 | €13,580 | +€2,766 | +25.6% |
| Profit (loss) for the period | 9904 | €17,476 | €41,239 | +€23,763 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €17,476 | €41,239 | +€23,763 | +136% |
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 14 October 2026 via checked.be.