PEPIT-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.
PEPIT-IMMO
Largest movements
- Tangible fixed assets +€415,876
new in 2025: €415,876
of which Land and buildings: +€364,458
- Cash +€374,680
up €374,680 (+218.0%), from €171,901 to €546,581
mainly Net result for the year (+€598,555) and Debts after one year (+€210,750)
- Receivables within one year +€81,629
up €81,629 (+107.4%), from €76,026 to €157,655
of which Trade receivables: +€59,463
- Profit (loss) carried forward +€598,555
new in 2025: €598,555
- Debts after one year +€210,750
new in 2025: €210,750
- Tax, wage and social debts +€45,683
up €45,683 (+80.2%), from €56,967 to €102,650
of which Taxes: +€35,108
- Current portion of long-term debt +€14,950
new in 2025: €14,950
- Gross operating margin +€580,750
up €580,750 (+200.5%), from €289,697 to €870,447
- Taxes +€115,917
up €115,917 (+137.3%), from €84,433 to €200,350
- Staff costs +€40,017
up €40,017 (+297.2%), from €13,466 to €53,483
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 | €249,345 | €1,120,112 | +€870,767 | +349.2% |
| Fixed assets | 21/28 | - | €415,876 | +€415,876 | |
| Tangible fixed assets | 22/27 | - | €415,876 | +€415,876 | |
| Land and buildings | 22 | - | €364,458 | +€364,458 | |
| Plant, machinery and equipment | 23 | - | €5,253 | +€5,253 | |
| Furniture and vehicles | 24 | - | €46,166 | +€46,166 | |
| Current assets | 29/58 | €249,345 | €704,236 | +€454,890 | +182.4% |
| Amounts receivable within one year | 40/41 | €76,026 | €157,655 | +€81,629 | +107.4% |
| Trade receivables | 40 | €75,133 | €134,597 | +€59,463 | +79.1% |
| Other amounts receivable | 41 | €892 | €23,058 | +€22,166 | +2483.7% |
| Cash at bank and in hand | 54/58 | €171,901 | €546,581 | +€374,680 | +218.0% |
| Deferred charges and accrued income | 490/1 | €1,419 | - | -€1,419 | |
| Total equity and liabilities | 10/49 | €249,345 | €1,120,112 | +€870,767 | +349.2% |
| Equity | 10/15 | €190,472 | €789,027 | +€598,555 | +314.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €188,472 | €188,472 | = | 0.0% |
| Distributable reserves | 133 | €188,472 | €188,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €598,555 | +€598,555 | |
| Amounts payable | 17/49 | €58,873 | €331,085 | +€272,212 | +462.4% |
| Amounts payable after more than one year | 17 | - | €210,750 | +€210,750 | |
| Financial debts | 170/4 | - | €210,750 | +€210,750 | |
| Amounts payable within one year | 42/48 | €58,873 | €120,335 | +€61,462 | +104.4% |
| Current portion of amounts payable after more than one year | 42 | - | €14,950 | +€14,950 | |
| Trade debts | 44 | €1,906 | €2,736 | +€829 | +43.5% |
| Suppliers | 440/4 | €1,906 | €2,736 | +€829 | +43.5% |
| Taxes, remuneration and social security | 45 | €56,967 | €102,650 | +€45,683 | +80.2% |
| Taxes | 450/3 | €55,780 | €90,888 | +€35,108 | +62.9% |
| Remuneration and social security | 454/9 | €1,187 | €11,762 | +€10,575 | +890.8% |
| Remuneration, social security and pensions | 62 | €13,466 | €53,483 | +€40,017 | +297.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,441 | +€6,441 | |
| Other operating charges | 640/8 | €3,192 | €7,427 | +€4,236 | +132.7% |
| Gross operating margin | 9900 | €289,697 | €870,447 | +€580,750 | +200.5% |
| Operating profit (loss) | 9901 | €273,039 | €803,096 | +€530,056 | +194.1% |
| Financial income | 75/76B | - | €641 | +€641 | |
| Recurring financial income | 75 | - | €641 | +€641 | |
| Financial charges | 65/66B | €134 | €4,832 | +€4,698 | +3499.9% |
| Recurring financial charges | 65 | €134 | €4,832 | +€4,698 | +3499.9% |
| Profit (loss) for the period before taxes | 9903 | €272,905 | €798,905 | +€526,000 | +192.7% |
| Income taxes | 67/77 | €84,433 | €200,350 | +€115,917 | +137.3% |
| Profit (loss) for the period | 9904 | €188,472 | €598,555 | +€410,082 | +217.6% |
| Profit (loss) for the period to be appropriated | 9905 | €188,472 | €598,555 | +€410,082 | +217.6% |
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.