PILORIMMO R.E.: 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.
PILORIMMO R.E.
Largest movements
- Tangible fixed assets -€159,861
down €159,861 (-4.0%), from €4.0m to €3.8m
of which Land and buildings: -€148,136
- Cash +€48,162
up €48,162 (+79.6%), from €60,475 to €108,637
mainly Depreciation (+€178,581) and Trade debts (+€8,522)
- Other debts -€52,533
no longer reported in 2025 (was €52,533)
- Reserves -€46,419
down €46,419 (-5.4%), from €855,049 to €808,631
of which Tax-exempt reserves: -€46,419
- Financial charges -€7,269
down €7,269 (-96.8%), from €7,512 to €243
- Depreciation +€6,648
up €6,648 (+3.9%), from €171,933 to €178,581
- Gross operating margin -€3,610
down €3,610 (-2.4%), from €151,875 to €148,265
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 | €4,037,141 | €3,929,328 | -€107,813 | -2.7% |
| Fixed assets | 21/28 | €3,961,055 | €3,801,194 | -€159,861 | -4.0% |
| Tangible fixed assets | 22/27 | €3,961,055 | €3,801,194 | -€159,861 | -4.0% |
| Land and buildings | 22 | €3,799,849 | €3,651,713 | -€148,136 | -3.9% |
| Plant, machinery and equipment | 23 | €594 | €338 | -€256 | -43.1% |
| Furniture and vehicles | 24 | €66,844 | €52,994 | -€13,850 | -20.7% |
| Other tangible fixed assets | 26 | €93,768 | €96,149 | +€2,381 | +2.5% |
| Current assets | 29/58 | €76,085 | €128,134 | +€52,049 | +68.4% |
| Amounts receivable within one year | 40/41 | €13,946 | €17,673 | +€3,727 | +26.7% |
| Trade receivables | 40 | €13,946 | - | -€13,946 | |
| Other amounts receivable | 41 | - | €17,673 | +€17,673 | |
| Cash at bank and in hand | 54/58 | €60,475 | €108,637 | +€48,162 | +79.6% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,824 | +€160 | +9.6% |
| Total equity and liabilities | 10/49 | €4,037,141 | €3,929,328 | -€107,813 | -2.7% |
| Equity | 10/15 | €3,675,106 | €3,641,775 | -€33,331 | -0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €855,049 | €808,631 | -€46,419 | -5.4% |
| Tax-exempt reserves | 132 | €853,190 | €806,771 | -€46,419 | -5.4% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,801,465 | €2,814,552 | +€13,088 | +0.5% |
| Provisions and deferred taxes | 16 | €284,397 | €268,924 | -€15,473 | -5.4% |
| Deferred taxes | 168 | €284,397 | €268,924 | -€15,473 | -5.4% |
| Amounts payable | 17/49 | €77,638 | €18,630 | -€59,009 | -76.0% |
| Amounts payable after more than one year | 17 | €3,191 | - | -€3,191 | |
| Financial debts | 170/4 | €3,191 | - | -€3,191 | |
| Amounts payable within one year | 42/48 | €74,448 | €18,630 | -€55,818 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | €12,762 | €3,191 | -€9,571 | -75.0% |
| Trade debts | 44 | €6,583 | €15,104 | +€8,522 | +129% |
| Suppliers | 440/4 | €6,583 | €15,104 | +€8,522 | +129% |
| Taxes, remuneration and social security | 45 | €2,571 | €335 | -€2,236 | -87.0% |
| Taxes | 450/3 | €2,571 | €335 | -€2,236 | -87.0% |
| Other amounts payable | 47/48 | €52,533 | - | -€52,533 | |
| Non-recurring operating income | 76A | €1,507 | - | -€1,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,933 | €178,581 | +€6,648 | +3.9% |
| Other operating charges | 640/8 | €17,428 | €18,095 | +€668 | +3.8% |
| Non-recurring operating charges | 66A | €2,452 | €97 | -€2,355 | -96.1% |
| Gross operating margin | 9900 | €151,875 | €148,265 | -€3,610 | -2.4% |
| Operating profit (loss) | 9901 | -€39,938 | -€48,508 | -€8,570 | -21.5% |
| Financial income | 75/76B | €261 | €247 | -€14 | -5.2% |
| Recurring financial income | 75 | €261 | €247 | -€14 | -5.2% |
| Financial charges | 65/66B | €7,512 | €243 | -€7,269 | -96.8% |
| Recurring financial charges | 65 | €7,512 | €243 | -€7,269 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,189 | -€48,503 | -€1,314 | -2.8% |
| Transfer from deferred taxes | 780 | €15,473 | €15,473 | = | 0.0% |
| Income taxes | 67/77 | €282 | €301 | +€19 | +6.7% |
| Profit (loss) for the period | 9904 | -€31,998 | -€33,331 | -€1,333 | -4.2% |
| Transfer from tax-exempt reserves | 789 | €46,419 | €46,419 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,421 | €13,088 | -€1,333 | -9.2% |
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 17 October 2026 via checked.be.