PIEROM 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.
PIEROM IMMO
Largest movements
- Tangible fixed assets -€8,574
down €8,574 (-6.0%), from €143,015 to €134,441
- Profit (loss) carried forward -€16,368
down €16,368 (-17.5%), from -€93,711 to -€110,079
- Other debts +€14,757
up €14,757 (+11.8%), from €125,539 to €140,295
- Debts after one year -€8,136
down €8,136 (-10.2%), from €79,526 to €71,389
- Gross operating margin +€1,069
up €1,069 (+22.2%), from -€4,814 to -€3,745
- Financial charges +€834
up €834 (+49.3%), from €1,691 to €2,525
- Depreciation -€459
down €459 (-5.1%), from €9,033 to €8,574
- Other operating charges +€90
up €90 (+6.2%), from €1,438 to €1,527
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 | €149,762 | €139,775 | -€9,987 | -6.7% |
| Fixed assets | 21/28 | €143,015 | €134,441 | -€8,574 | -6.0% |
| Tangible fixed assets | 22/27 | €143,015 | €134,441 | -€8,574 | -6.0% |
| Land and buildings | 22 | €143,015 | €134,441 | -€8,574 | -6.0% |
| Current assets | 29/58 | €6,747 | €5,334 | -€1,413 | -20.9% |
| Amounts receivable within one year | 40/41 | €4,845 | €4,831 | -€13 | -0.3% |
| Other amounts receivable | 41 | €4,845 | €4,831 | -€13 | -0.3% |
| Cash at bank and in hand | 54/58 | €1,840 | €416 | -€1,424 | -77.4% |
| Deferred charges and accrued income | 490/1 | €63 | €87 | +€24 | +38.1% |
| Total equity and liabilities | 10/49 | €149,762 | €139,775 | -€9,987 | -6.7% |
| Equity | 10/15 | -€63,711 | -€80,079 | -€16,368 | -25.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,711 | -€110,079 | -€16,368 | -17.5% |
| Amounts payable | 17/49 | €213,473 | €219,854 | +€6,381 | +3.0% |
| Amounts payable after more than one year | 17 | €79,526 | €71,389 | -€8,136 | -10.2% |
| Financial debts | 170/4 | €79,526 | €71,389 | -€8,136 | -10.2% |
| Amounts payable within one year | 42/48 | €133,947 | €148,464 | +€14,517 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €7,992 | €8,136 | +€144 | +1.8% |
| Trade debts | 44 | €416 | €33 | -€384 | -92.1% |
| Suppliers | 440/4 | €416 | €33 | -€384 | -92.1% |
| Other amounts payable | 47/48 | €125,539 | €140,295 | +€14,757 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,033 | €8,574 | -€459 | -5.1% |
| Other operating charges | 640/8 | €1,438 | €1,527 | +€90 | +6.2% |
| Gross operating margin | 9900 | -€4,814 | -€3,745 | +€1,069 | +22.2% |
| Operating profit (loss) | 9901 | -€15,284 | -€13,846 | +€1,438 | +9.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,691 | €2,525 | +€834 | +49.3% |
| Recurring financial charges | 65 | €1,691 | €2,525 | +€834 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,975 | -€16,368 | +€607 | +3.6% |
| Profit (loss) for the period | 9904 | -€16,975 | -€16,368 | +€607 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,975 | -€16,368 | +€607 | +3.6% |
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 22 October 2026 via checked.be.