PPI Real Estate: 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.
PPI Real Estate
Largest movements
- Tangible fixed assets -€135,989
down €135,989 (-5.4%), from €2.5m to €2.4m
- Cash -€56,238
down €56,238 (-31.3%), from €179,745 to €123,507
mainly Debts after one year (-€175,037) and Receivables within one year (-€45,344)
- Receivables within one year +€45,344
up €45,344 (+29.6%), from €153,230 to €198,574
of which Trade receivables: +€50,430
- Debts after one year -€175,037
down €175,037 (-10.2%), from €1.7m to €1.5m
of which Financial debts: -€175,037
- Profit (loss) carried forward +€33,051
up €33,051 (+8.0%), from €414,126 to €447,176
- Taxes -€21,045
down €21,045 (-63.0%), from €33,425 to €12,380
- Gross operating margin -€13,380
down €13,380 (-5.3%), from €253,433 to €240,054
- Other operating charges -€5,801
down €5,801 (-24.0%), from €24,209 to €18,408
- Financial charges -€4,572
down €4,572 (-10.2%), from €44,798 to €40,226
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,878,339 | €2,731,456 | -€146,883 | -5.1% |
| Fixed assets | 21/28 | €2,545,364 | €2,409,375 | -€135,989 | -5.3% |
| Tangible fixed assets | 22/27 | €2,540,364 | €2,404,375 | -€135,989 | -5.4% |
| Land and buildings | 22 | €2,540,364 | €2,404,375 | -€135,989 | -5.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €332,975 | €322,081 | -€10,894 | -3.3% |
| Amounts receivable within one year | 40/41 | €153,230 | €198,574 | +€45,344 | +29.6% |
| Trade receivables | 40 | €105,524 | €155,954 | +€50,430 | +47.8% |
| Other amounts receivable | 41 | €47,706 | €42,620 | -€5,086 | -10.7% |
| Cash at bank and in hand | 54/58 | €179,745 | €123,507 | -€56,238 | -31.3% |
| Total equity and liabilities | 10/49 | €2,878,339 | €2,731,456 | -€146,883 | -5.1% |
| Equity | 10/15 | €434,126 | €467,176 | +€33,051 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €414,126 | €447,176 | +€33,051 | +8.0% |
| Amounts payable | 17/49 | €2,444,213 | €2,264,280 | -€179,933 | -7.4% |
| Amounts payable after more than one year | 17 | €1,718,767 | €1,543,730 | -€175,037 | -10.2% |
| Financial debts | 170/4 | €1,635,017 | €1,459,980 | -€175,037 | -10.7% |
| Other amounts payable | 178/9 | €83,750 | €83,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €725,446 | €720,550 | -€4,896 | -0.7% |
| Trade debts | 44 | €250 | €550 | +€300 | +120% |
| Suppliers | 440/4 | €250 | €550 | +€300 | +120% |
| Taxes, remuneration and social security | 45 | €5,196 | - | -€5,196 | |
| Taxes | 450/3 | €5,196 | - | -€5,196 | |
| Other amounts payable | 47/48 | €720,000 | €720,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,989 | €135,989 | = | 0.0% |
| Other operating charges | 640/8 | €24,209 | €18,408 | -€5,801 | -24.0% |
| Gross operating margin | 9900 | €253,433 | €240,054 | -€13,380 | -5.3% |
| Operating profit (loss) | 9901 | €93,235 | €85,657 | -€7,579 | -8.1% |
| Financial charges | 65/66B | €44,798 | €40,226 | -€4,572 | -10.2% |
| Recurring financial charges | 65 | €44,798 | €40,226 | -€4,572 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €48,437 | €45,431 | -€3,007 | -6.2% |
| Income taxes | 67/77 | €33,425 | €12,380 | -€21,045 | -63.0% |
| Profit (loss) for the period | 9904 | €15,012 | €33,051 | +€18,038 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €15,012 | €33,051 | +€18,038 | +120% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.