PFR IMMO: 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.
PFR IMMO
Largest movements
- Stocks and contracts +€32,900
up €32,900 (+17.7%), from €186,055 to €218,955
- Trade debts +€30,688
new in 2025: €30,688
- Other debts +€20,977
up €20,977 (+60.9%), from €34,459 to €55,436
- Profit (loss) carried forward -€17,201
down €17,201 (-42.7%), from -€40,292 to -€57,493
- Gross operating margin -€3,979
down €3,979 (-6,237%), from -€64 to -€4,043
- Purchases and services +€3,511
up €3,511 (+661%), from €532 to €4,043
- Financial charges -€2,018
down €2,018 (-13.3%), from €15,177 to €13,159
- Other operating charges -€384
no longer reported in 2025 (was €384)
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 | €193,187 | €227,651 | +€34,464 | +17.8% |
| Current assets | 29/58 | €193,187 | €227,651 | +€34,464 | +17.8% |
| Stocks and contracts in progress | 3 | €186,055 | €218,955 | +€32,900 | +17.7% |
| Stocks | 30/36 | €186,055 | €218,955 | +€32,900 | +17.7% |
| Amounts receivable within one year | 40/41 | €6,948 | €8,160 | +€1,212 | +17.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,948 | €8,160 | +€1,212 | +17.4% |
| Cash at bank and in hand | 54/58 | €184 | €535 | +€351 | +191% |
| Total equity and liabilities | 10/49 | €193,187 | €227,651 | +€34,464 | +17.8% |
| Equity | 10/15 | -€30,272 | -€47,473 | -€17,201 | -56.8% |
| Contributions | 10/11 | €10,020 | €10,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,292 | -€57,493 | -€17,201 | -42.7% |
| Amounts payable | 17/49 | €223,459 | €275,124 | +€51,665 | +23.1% |
| Amounts payable after more than one year | 17 | €189,000 | €189,000 | = | 0.0% |
| Financial debts | 170/4 | €189,000 | €189,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,459 | €86,124 | +€51,665 | +150% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | - | €30,688 | +€30,688 | |
| Suppliers | 440/4 | - | €30,688 | +€30,688 | |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €34,459 | €55,436 | +€20,977 | +60.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €532 | €4,043 | +€3,511 | +661% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€64 | -€4,043 | -€3,979 | -6,237% |
| Operating profit (loss) | 9901 | -€448 | -€4,043 | -€3,594 | -802% |
| Financial charges | 65/66B | €15,177 | €13,159 | -€2,018 | -13.3% |
| Recurring financial charges | 65 | €15,177 | €13,159 | -€2,018 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,625 | -€17,201 | -€1,577 | -10.1% |
| Profit (loss) for the period | 9904 | -€15,625 | -€17,201 | -€1,577 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,625 | -€17,201 | -€1,577 | -10.1% |
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 15 October 2026 via checked.be.