PIRET IMMO GESTION: 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.
PIRET IMMO GESTION
Largest movements
- Cash -€489,006
down €489,006 (-96.6%), from €506,227 to €17,220
mainly Trade debts (-€398,880) and Investment in fixed assets (net) (-€180,469)
- Tangible fixed assets +€126,761
up €126,761 (+13.0%), from €977,067 to €1.1m
of which Land and buildings: +€127,117
- Receivables within one year -€36,597
down €36,597 (-15.5%), from €236,022 to €199,425
of which Other amounts receivable: -€36,588
- Trade debts -€398,880
down €398,880 (-95.2%), from €419,081 to €20,202
- Other debts +€187,670
up €187,670 (+241%), from €77,771 to €265,440
- Tax, wage and social debts -€69,389
down €69,389 (-55.2%), from €125,762 to €56,373
- Reserves -€54,982
down €54,982 (-6.0%), from €919,979 to €864,997
of which Distributable reserves: -€65,850
- Provisions -€29,937
down €29,937 (-22.9%), from €130,617 to €100,680
- Other operating charges -€67,848
down €67,848 (-54.1%), from €125,484 to €57,637
- Gross operating margin -€45,173
down €45,173 (-37.2%), from €121,566 to €76,393
- Depreciation +€20,581
up €20,581 (+62.1%), from €33,128 to €53,709
- Financial charges +€15,097
up €15,097 (+40.4%), from €37,402 to €52,499
- Financial income -€3,533
down €3,533 (-56.5%), from €6,257 to €2,724
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 | €1,720,429 | €1,321,857 | -€398,572 | -23.2% |
| Fixed assets | 21/28 | €977,292 | €1,104,053 | +€126,761 | +13.0% |
| Tangible fixed assets | 22/27 | €977,067 | €1,103,828 | +€126,761 | +13.0% |
| Land and buildings | 22 | €960,493 | €1,087,611 | +€127,117 | +13.2% |
| Plant, machinery and equipment | 23 | €1,574 | €1,217 | -€357 | -22.7% |
| Other tangible fixed assets | 26 | €15,000 | €15,000 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €743,137 | €217,804 | -€525,333 | -70.7% |
| Amounts receivable within one year | 40/41 | €236,022 | €199,425 | -€36,597 | -15.5% |
| Trade receivables | 40 | €12,500 | €12,491 | -€9 | -0.1% |
| Other amounts receivable | 41 | €223,522 | €186,934 | -€36,588 | -16.4% |
| Cash at bank and in hand | 54/58 | €506,227 | €17,220 | -€489,006 | -96.6% |
| Deferred charges and accrued income | 490/1 | €889 | €1,159 | +€271 | +30.5% |
| Total equity and liabilities | 10/49 | €1,720,429 | €1,321,857 | -€398,572 | -23.2% |
| Equity | 10/15 | €926,179 | €871,197 | -€54,982 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €919,979 | €864,997 | -€54,982 | -6.0% |
| Tax-exempt reserves | 132 | €391,850 | €402,719 | +€10,869 | +2.8% |
| Distributable reserves | 133 | €528,129 | €462,278 | -€65,850 | -12.5% |
| Provisions and deferred taxes | 16 | €130,617 | €100,680 | -€29,937 | -22.9% |
| Deferred taxes | 168 | €130,617 | €100,680 | -€29,937 | -22.9% |
| Amounts payable | 17/49 | €663,634 | €349,980 | -€313,653 | -47.3% |
| Amounts payable after more than one year | 17 | €5,967 | - | -€5,967 | |
| Financial debts | 170/4 | €5,967 | - | -€5,967 | |
| Amounts payable within one year | 42/48 | €657,667 | €349,967 | -€307,700 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €35,052 | €7,952 | -€27,100 | -77.3% |
| Trade debts | 44 | €419,081 | €20,202 | -€398,880 | -95.2% |
| Suppliers | 440/4 | €419,081 | €20,202 | -€398,880 | -95.2% |
| Taxes, remuneration and social security | 45 | €125,762 | €56,373 | -€69,389 | -55.2% |
| Taxes | 450/3 | €125,762 | €56,373 | -€69,389 | -55.2% |
| Other amounts payable | 47/48 | €77,771 | €265,440 | +€187,670 | +241% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,128 | €53,709 | +€20,581 | +62.1% |
| Other operating charges | 640/8 | €125,484 | €57,637 | -€67,848 | -54.1% |
| Non-recurring operating charges | 66A | €29 | - | -€29 | |
| Gross operating margin | 9900 | €121,566 | €76,393 | -€45,173 | -37.2% |
| Operating profit (loss) | 9901 | -€37,075 | -€34,952 | +€2,123 | +5.7% |
| Financial income | 75/76B | €6,257 | €2,724 | -€3,533 | -56.5% |
| Recurring financial income | 75 | €6,257 | €2,724 | -€3,533 | -56.5% |
| Financial charges | 65/66B | €37,402 | €52,499 | +€15,097 | +40.4% |
| Recurring financial charges | 65 | €37,402 | €52,499 | +€15,097 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€68,220 | -€84,727 | -€16,507 | -24.2% |
| Transfer from deferred taxes | 780 | €859 | €3,814 | +€2,954 | +344% |
| Income taxes | 67/77 | €182 | €192 | +€10 | +5.3% |
| Profit (loss) for the period | 9904 | -€67,543 | -€81,105 | -€13,562 | -20.1% |
| Transfer from tax-exempt reserves | 789 | €2,578 | €15,255 | +€12,677 | +492% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,966 | -€65,850 | -€885 | -1.4% |
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 29 October 2026 via checked.be.