Pk 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.
Pk Immo
Largest movements
- Receivables within one year +€266,429
up €266,429 (+64.7%), from €411,901 to €678,330
of which Other amounts receivable: +€225,585
- Cash -€34,894
down €34,894 (-80.2%), from €43,489 to €8,595
mainly Debts after one year (-€352,969) and Receivables within one year (-€266,429)
- Profit (loss) carried forward +€430,448
up €430,448, from -€29,158 to €401,290
- Debts after one year -€352,969
down €352,969 (-22.3%), from €1.6m to €1.2m
- Tax, wage and social debts +€156,373
up €156,373 (+1,058%), from €14,786 to €171,159
- Reserves -€59,695
down €59,695 (-55.7%), from €107,133 to €47,437
- Other debts +€59,695
up €59,695 (+42,072%), from €142 to €59,837
- Gross operating margin +€531,544
up €531,544 (+611%), from €87,014 to €618,558
- Taxes +€139,758
new in 2025: €139,758
- Financial charges -€24,572
down €24,572 (-40.8%), from €60,247 to €35,675
- Financial income +€9,052
up €9,052 (+281%), from €3,217 to €12,269
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 | €1,754,466 | €1,978,400 | +€223,934 | +12.8% |
| Fixed assets | 21/28 | €1,299,076 | €1,290,256 | -€8,820 | -0.7% |
| Tangible fixed assets | 22/27 | €1,299,076 | €1,290,256 | -€8,820 | -0.7% |
| Land and buildings | 22 | €1,299,076 | €1,285,153 | -€13,922 | -1.1% |
| Furniture and vehicles | 24 | - | €5,103 | +€5,103 | |
| Current assets | 29/58 | €455,390 | €688,144 | +€232,754 | +51.1% |
| Amounts receivable within one year | 40/41 | €411,901 | €678,330 | +€266,429 | +64.7% |
| Trade receivables | 40 | €86,956 | €127,800 | +€40,844 | +47.0% |
| Other amounts receivable | 41 | €324,945 | €550,530 | +€225,585 | +69.4% |
| Cash at bank and in hand | 54/58 | €43,489 | €8,595 | -€34,894 | -80.2% |
| Deferred charges and accrued income | 490/1 | - | €1,219 | +€1,219 | |
| Total equity and liabilities | 10/49 | €1,754,466 | €1,978,400 | +€223,934 | +12.8% |
| Equity | 10/15 | €84,174 | €454,927 | +€370,753 | +440% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,133 | €47,437 | -€59,695 | -55.7% |
| Distributable reserves | 133 | €107,133 | €47,437 | -€59,695 | -55.7% |
| Profit (loss) carried forward | 14 | -€29,158 | €401,290 | +€430,448 | |
| Amounts payable | 17/49 | €1,670,292 | €1,523,473 | -€146,819 | -8.8% |
| Amounts payable after more than one year | 17 | €1,586,193 | €1,233,224 | -€352,969 | -22.3% |
| Financial debts | 170/4 | €1,586,193 | €1,233,224 | -€352,969 | -22.3% |
| Amounts payable within one year | 42/48 | €68,947 | €288,950 | +€220,002 | +319% |
| Current portion of amounts payable after more than one year | 42 | €52,324 | €54,327 | +€2,002 | +3.8% |
| Trade debts | 44 | €1,696 | €3,627 | +€1,932 | +114% |
| Suppliers | 440/4 | €1,696 | €3,627 | +€1,932 | +114% |
| Taxes, remuneration and social security | 45 | €14,786 | €171,159 | +€156,373 | +1,058% |
| Taxes | 450/3 | €14,786 | €171,159 | +€156,373 | +1,058% |
| Other amounts payable | 47/48 | €142 | €59,837 | +€59,695 | +42,072% |
| Accrued charges and deferred income | 492/3 | €15,151 | €1,299 | -€13,852 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,591 | €22,981 | +€5,389 | +30.6% |
| Other operating charges | 640/8 | €1,820 | €1,965 | +€145 | +8.0% |
| Gross operating margin | 9900 | €87,014 | €618,558 | +€531,544 | +611% |
| Operating profit (loss) | 9901 | €67,603 | €593,612 | +€526,009 | +778% |
| Financial income | 75/76B | €3,217 | €12,269 | +€9,052 | +281% |
| Recurring financial income | 75 | €3,217 | €12,269 | +€9,052 | +281% |
| Financial charges | 65/66B | €60,247 | €35,675 | -€24,572 | -40.8% |
| Recurring financial charges | 65 | €60,247 | €35,675 | -€24,572 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €10,574 | €570,206 | +€559,633 | +5,293% |
| Income taxes | 67/77 | - | €139,758 | +€139,758 | |
| Profit (loss) for the period | 9904 | €10,574 | €430,448 | +€419,875 | +3,971% |
| Profit (loss) for the period to be appropriated | 9905 | €10,574 | €430,448 | +€419,875 | +3,971% |
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.