PIMMOVET: 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.
PIMMOVET
Largest movements
- Cash +€45,077
up €45,077 (+23.6%), from €191,286 to €236,363
mainly Net result for the year (+€67,308) and Depreciation (+€24,076)
- Tangible fixed assets -€18,296
down €18,296 (-3.3%), from €558,120 to €539,824
of which Land and buildings: -€20,815
- Reserves +€67,250
up €67,250 (+13.6%), from €492,803 to €560,053
- Debts after one year -€30,051
down €30,051 (-32.7%), from €91,823 to €61,772
- Other debts -€11,451
no longer reported in 2025 (was €11,451)
- Financial income -€81,622
down €81,622 (-98.3%), from €83,018 to €1,396
of which Non-recurring financial income: -€82,273
- Gross operating margin +€20,652
up €20,652 (+19.5%), from €105,748 to €126,400
- Other operating charges -€12,379
down €12,379 (-69.3%), from €17,851 to €5,472
- Depreciation +€4,051
up €4,051 (+20.2%), from €20,025 to €24,076
- Financial charges -€2,832
down €2,832 (-35.5%), from €7,979 to €5,147
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 | €765,623 | €791,407 | +€25,784 | +3.4% |
| Fixed assets | 21/28 | €558,300 | €540,004 | -€18,296 | -3.3% |
| Tangible fixed assets | 22/27 | €558,120 | €539,824 | -€18,296 | -3.3% |
| Land and buildings | 22 | €553,964 | €533,149 | -€20,815 | -3.8% |
| Plant, machinery and equipment | 23 | €1,787 | €1,100 | -€688 | -38.5% |
| Furniture and vehicles | 24 | €2,369 | €5,576 | +€3,207 | +135% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €207,323 | €251,403 | +€44,080 | +21.3% |
| Amounts receivable within one year | 40/41 | €13,810 | €13,320 | -€490 | -3.5% |
| Trade receivables | 40 | €13,810 | €13,320 | -€490 | -3.5% |
| Cash at bank and in hand | 54/58 | €191,286 | €236,363 | +€45,077 | +23.6% |
| Deferred charges and accrued income | 490/1 | €2,227 | €1,720 | -€507 | -22.8% |
| Total equity and liabilities | 10/49 | €765,623 | €791,407 | +€25,784 | +3.4% |
| Equity | 10/15 | €618,994 | €686,303 | +€67,308 | +10.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €492,803 | €560,053 | +€67,250 | +13.6% |
| Distributable reserves | 133 | €492,803 | €560,053 | +€67,250 | +13.6% |
| Profit (loss) carried forward | 14 | €1,191 | €1,249 | +€58 | +4.9% |
| Amounts payable | 17/49 | €146,629 | €105,104 | -€41,525 | -28.3% |
| Amounts payable after more than one year | 17 | €91,823 | €61,772 | -€30,051 | -32.7% |
| Financial debts | 170/4 | €91,823 | €61,772 | -€30,051 | -32.7% |
| Amounts payable within one year | 42/48 | €54,316 | €42,956 | -€11,360 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €30,974 | €32,491 | +€1,517 | +4.9% |
| Trade debts | 44 | - | €181 | +€181 | |
| Suppliers | 440/4 | - | €181 | +€181 | |
| Taxes, remuneration and social security | 45 | €11,890 | €10,284 | -€1,606 | -13.5% |
| Taxes | 450/3 | €11,890 | €10,284 | -€1,606 | -13.5% |
| Other amounts payable | 47/48 | €11,451 | - | -€11,451 | |
| Accrued charges and deferred income | 492/3 | €490 | €376 | -€114 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,025 | €24,076 | +€4,051 | +20.2% |
| Other operating charges | 640/8 | €17,851 | €5,472 | -€12,379 | -69.3% |
| Gross operating margin | 9900 | €105,748 | €126,400 | +€20,652 | +19.5% |
| Operating profit (loss) | 9901 | €67,871 | €96,852 | +€28,981 | +42.7% |
| Financial income | 75/76B | €83,018 | €1,396 | -€81,622 | -98.3% |
| Recurring financial income | 75 | €745 | €1,396 | +€651 | +87.3% |
| Non-recurring financial income | 76B | €82,273 | - | -€82,273 | |
| Financial charges | 65/66B | €7,979 | €5,147 | -€2,832 | -35.5% |
| Recurring financial charges | 65 | €7,979 | €5,147 | -€2,832 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €142,910 | €93,101 | -€49,810 | -34.9% |
| Income taxes | 67/77 | €23,978 | €25,792 | +€1,814 | +7.6% |
| Profit (loss) for the period | 9904 | €118,933 | €67,308 | -€51,624 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,933 | €67,308 | -€51,624 | -43.4% |
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 25 October 2026 via checked.be.