PCG 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.
PCG IMMO
Largest movements
- Cash -€187,289
down €187,289 (-78.7%), from €237,903 to €50,614
mainly Other debts (-€194,361) and Contributions, distributions and other (-€68,571)
- Tangible fixed assets -€46,200
down €46,200 (-4.8%), from €971,600 to €925,400
- Receivables within one year +€14,729
new in 2025: €14,729
- Other debts -€194,361
down €194,361 (-73.9%), from €262,933 to €68,571
- Tax, wage and social debts -€25,738
down €25,738 (-49.5%), from €51,965 to €26,227
- Gross operating margin +€1,865
up €1,865 (+1.2%), from €156,602 to €158,467
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 | €1,238,661 | €1,021,147 | -€217,514 | -17.6% |
| Fixed assets | 21/28 | €971,600 | €925,400 | -€46,200 | -4.8% |
| Tangible fixed assets | 22/27 | €971,600 | €925,400 | -€46,200 | -4.8% |
| Land and buildings | 22 | €971,600 | €925,400 | -€46,200 | -4.8% |
| Current assets | 29/58 | €267,061 | €95,747 | -€171,314 | -64.1% |
| Amounts receivable within one year | 40/41 | - | €14,729 | +€14,729 | |
| Trade receivables | 40 | - | €14,729 | +€14,729 | |
| Current investments | 50/53 | €28,656 | €29,755 | +€1,099 | +3.8% |
| Cash at bank and in hand | 54/58 | €237,903 | €50,614 | -€187,289 | -78.7% |
| Deferred charges and accrued income | 490/1 | €502 | €650 | +€148 | +29.5% |
| Total equity and liabilities | 10/49 | €1,238,661 | €1,021,147 | -€217,514 | -17.6% |
| Equity | 10/15 | €910,296 | €913,800 | +€3,504 | +0.4% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €10,296 | €13,800 | +€3,504 | +34.0% |
| Non-distributable reserves | 130/1 | €10,296 | €10,296 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,296 | €10,296 | = | 0.0% |
| Distributable reserves | 133 | - | €3,504 | +€3,504 | |
| Amounts payable | 17/49 | €328,365 | €107,347 | -€221,018 | -67.3% |
| Amounts payable within one year | 42/48 | €315,865 | €94,847 | -€221,018 | -70.0% |
| Trade debts | 44 | €968 | €49 | -€918 | -94.9% |
| Suppliers | 440/4 | €968 | €49 | -€918 | -94.9% |
| Taxes, remuneration and social security | 45 | €51,965 | €26,227 | -€25,738 | -49.5% |
| Taxes | 450/3 | €51,965 | €26,227 | -€25,738 | -49.5% |
| Other amounts payable | 47/48 | €262,933 | €68,571 | -€194,361 | -73.9% |
| Accrued charges and deferred income | 492/3 | €12,500 | €12,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,200 | €46,200 | = | 0.0% |
| Other operating charges | 640/8 | €14,567 | €15,269 | +€702 | +4.8% |
| Gross operating margin | 9900 | €156,602 | €158,467 | +€1,865 | +1.2% |
| Operating profit (loss) | 9901 | €95,835 | €96,998 | +€1,163 | +1.2% |
| Financial income | 75/76B | €1,157 | €738 | -€419 | -36.2% |
| Recurring financial income | 75 | €1,157 | €738 | -€419 | -36.2% |
| Financial charges | 65/66B | €626 | -€787 | -€1,413 | |
| Recurring financial charges | 65 | €626 | -€787 | -€1,413 | |
| Profit (loss) for the period before taxes | 9903 | €96,365 | €98,524 | +€2,158 | +2.2% |
| Income taxes | 67/77 | €26,487 | €26,448 | -€39 | -0.1% |
| Profit (loss) for the period | 9904 | €69,879 | €72,075 | +€2,197 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,879 | €72,075 | +€2,197 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.