PCS 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.
PCS IMMO
Largest movements
- Tangible fixed assets -€113,430
down €113,430 (-3.9%), from €2.9m to €2.8m
of which Land and buildings: -€113,028
- Debts after one year -€115,556
down €115,556 (-4.3%), from €2.7m to €2.6m
of which Financial debts: -€115,556
- Gross operating margin +€11,728
up €11,728 (+8.0%), from €146,954 to €158,682
- Financial charges +€3,852
up €3,852 (+8.8%), from €43,817 to €47,670
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 | €2,942,149 | €2,849,210 | -€92,939 | -3.2% |
| Fixed assets | 21/28 | €2,938,987 | €2,825,557 | -€113,430 | -3.9% |
| Tangible fixed assets | 22/27 | €2,938,987 | €2,825,557 | -€113,430 | -3.9% |
| Land and buildings | 22 | €2,935,364 | €2,822,337 | -€113,028 | -3.9% |
| Plant, machinery and equipment | 23 | €3,623 | €3,220 | -€403 | -11.1% |
| Current assets | 29/58 | €3,163 | €23,654 | +€20,491 | +647.9% |
| Amounts receivable within one year | 40/41 | €394 | €20,338 | +€19,944 | +5066.9% |
| Trade receivables | 40 | €394 | €20,338 | +€19,944 | +5066.9% |
| Cash at bank and in hand | 54/58 | €2,769 | €3,316 | +€547 | +19.7% |
| Total equity and liabilities | 10/49 | €2,942,149 | €2,849,210 | -€92,939 | -3.2% |
| Equity | 10/15 | €84,505 | €80,800 | -€3,705 | -4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,495 | -€19,200 | -€3,705 | -23.9% |
| Amounts payable | 17/49 | €2,857,644 | €2,768,410 | -€89,234 | -3.1% |
| Amounts payable after more than one year | 17 | €2,670,577 | €2,555,021 | -€115,556 | -4.3% |
| Financial debts | 170/4 | €1,670,577 | €1,555,021 | -€115,556 | -6.9% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €186,953 | €211,010 | +€24,057 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €113,549 | €115,556 | +€2,007 | +1.8% |
| Trade debts | 44 | €240 | €2,630 | +€2,390 | +996.0% |
| Suppliers | 440/4 | €240 | €2,630 | +€2,390 | +996.0% |
| Taxes, remuneration and social security | 45 | €8,043 | €8,716 | +€673 | +8.4% |
| Taxes | 450/3 | €8,043 | €8,716 | +€673 | +8.4% |
| Other amounts payable | 47/48 | €65,121 | €84,107 | +€18,987 | +29.2% |
| Accrued charges and deferred income | 492/3 | €115 | €2,380 | +€2,265 | +1969.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,430 | €113,430 | = | 0.0% |
| Other operating charges | 640/8 | €1,233 | €1,287 | +€55 | +4.5% |
| Gross operating margin | 9900 | €146,954 | €158,682 | +€11,728 | +8.0% |
| Operating profit (loss) | 9901 | €32,292 | €43,965 | +€11,673 | +36.1% |
| Financial charges | 65/66B | €43,817 | €47,670 | +€3,852 | +8.8% |
| Recurring financial charges | 65 | €43,817 | €47,670 | +€3,852 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,526 | -€3,705 | +€7,821 | +67.9% |
| Profit (loss) for the period | 9904 | -€11,526 | -€3,705 | +€7,821 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,526 | -€3,705 | +€7,821 | +67.9% |
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 8 October 2026 via checked.be.