PCPB 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.
PCPB IMMO
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+130.6%), from €925,549 to €2.1m
- Cash +€107,429
up €107,429 (+137.7%), from €78,041 to €185,470
mainly Debts after one year (+€1.1m) and Depreciation (+€127,907)
- Debts after one year +€1.1m
up €1.1m (+154.9%), from €690,405 to €1.8m
- Other debts +€124,070
up €124,070 (+2703.4%), from €4,589 to €128,659
- Current portion of long-term debt +€61,659
up €61,659 (+70.7%), from €87,166 to €148,824
- Accrued charges and deferred income +€45,075
up €45,075 (+1434.6%), from €3,142 to €48,217
- Reserves -€41,552
down €41,552 (-19.9%), from €209,097 to €167,545
of which Distributable reserves: -€41,552
- Gross operating margin +€162,802
up €162,802 (+130.1%), from €125,178 to €287,980
- Depreciation +€66,296
up €66,296 (+107.6%), from €61,610 to €127,907
- Taxes +€27,747
up €27,747 (+316.2%), from €8,774 to €36,521
- Financial charges +€8,377
up €8,377 (+49.9%), from €16,775 to €25,152
- Other operating charges +€3,142
up €3,142 (+42.5%), from €7,399 to €10,541
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 | €1,026,179 | €2,319,767 | +€1.3m | +126.1% |
| Fixed assets | 21/28 | €925,912 | €2,134,297 | +€1.2m | +130.5% |
| Tangible fixed assets | 22/27 | €925,549 | €2,133,934 | +€1.2m | +130.6% |
| Land and buildings | 22 | €925,549 | €2,133,934 | +€1.2m | +130.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €100,267 | €185,470 | +€85,203 | +85.0% |
| Amounts receivable within one year | 40/41 | €16,226 | - | -€16,226 | |
| Other amounts receivable | 41 | €16,226 | - | -€16,226 | |
| Cash at bank and in hand | 54/58 | €78,041 | €185,470 | +€107,429 | +137.7% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €1,026,179 | €2,319,767 | +€1.3m | +126.1% |
| Equity | 10/15 | €227,697 | €186,145 | -€41,552 | -18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,097 | €167,545 | -€41,552 | -19.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €207,237 | €165,685 | -€41,552 | -20.1% |
| Amounts payable | 17/49 | €798,483 | €2,133,623 | +€1.3m | +167.2% |
| Amounts payable after more than one year | 17 | €690,405 | €1,759,649 | +€1.1m | +154.9% |
| Financial debts | 170/4 | €690,405 | €1,759,649 | +€1.1m | +154.9% |
| Amounts payable within one year | 42/48 | €104,936 | €325,756 | +€220,820 | +210.4% |
| Current portion of amounts payable after more than one year | 42 | €87,166 | €148,824 | +€61,659 | +70.7% |
| Trade debts | 44 | €13,181 | €29,385 | +€16,204 | +122.9% |
| Suppliers | 440/4 | €13,181 | €29,385 | +€16,204 | +122.9% |
| Taxes, remuneration and social security | 45 | - | €18,887 | +€18,887 | |
| Taxes | 450/3 | - | €18,887 | +€18,887 | |
| Other amounts payable | 47/48 | €4,589 | €128,659 | +€124,070 | +2703.4% |
| Accrued charges and deferred income | 492/3 | €3,142 | €48,217 | +€45,075 | +1434.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,610 | €127,907 | +€66,296 | +107.6% |
| Other operating charges | 640/8 | €7,399 | €10,541 | +€3,142 | +42.5% |
| Gross operating margin | 9900 | €125,178 | €287,980 | +€162,802 | +130.1% |
| Operating profit (loss) | 9901 | €56,169 | €149,533 | +€93,363 | +166.2% |
| Financial charges | 65/66B | €16,775 | €25,152 | +€8,377 | +49.9% |
| Recurring financial charges | 65 | €16,775 | €25,152 | +€8,377 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €39,395 | €124,381 | +€84,986 | +215.7% |
| Income taxes | 67/77 | €8,774 | €36,521 | +€27,747 | +316.2% |
| Profit (loss) for the period | 9904 | €30,621 | €87,860 | +€57,239 | +186.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,621 | €87,860 | +€57,239 | +186.9% |
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 9 October 2026 via checked.be.