PRINVEST: what changed
What changed
PRINVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€31,225
2024 · -€35,400+€4,174
Equity
€560,659
2024 · €591,884-€31,225
Cash
€61,329
2024 · €59,705+€1,623
Balance sheet total
€1.2m
2024 · €1.2m-€77,728
Largest movements
Assets
- Tangible fixed assets -€86,003
down €86,003 (-7.2%), from €1.2m to €1.1m
of which Land and buildings: -€85,780
Equity and liabilities
- Debts after one year -€55,000
down €55,000 (-9.9%), from €555,000 to €500,000
- Reserves -€24,430
down €24,430 (-5.4%), from €452,779 to €428,349
of which Tax-exempt reserves: -€24,430
- Other debts +€20,108
up €20,108 (+808%), from €2,488 to €22,595
Income statement
- Gross operating margin +€3,444
up €3,444 (+3.9%), from €87,319 to €90,763
- Other operating charges -€2,204
down €2,204 (-11.8%), from €18,756 to €16,551
- Financial income -€2,186
down €2,186 (-97.7%), from €2,238 to €52
- Financial charges -€2,109
down €2,109 (-9.4%), from €22,492 to €20,383
- Depreciation +€1,322
up €1,322 (+1.4%), from €91,928 to €93,250
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€35,400
Gross operating margin
+€3,444
Depreciation
-€1,322
Other operating charges
+€2,204
Financial income
-€2,186
Financial charges
+€2,109
Taxes
-€76
Result 2025
-€31,225
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€63,870
Investment
-€7,246
Financing
-€55,000
Cash 2024
€59,705
From operations (derived)
+€63,870
Net result for the year
-€31,225
Depreciation
+€93,250
Receivables within one year
-€6,652
Provisions
-€8,143
Trade debts
-€5,407
Advances received
+€3,940
Other debts
+€20,108
Accrued charges and deferred income
-€2,000
Investment (derived)
-€7,246
Investment in fixed assets (net)
-€7,246
Financing
-€55,000
Debts after one year
-€55,000
Cash 2025
€61,329
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,248,826 | €1,171,099 | -€77,728 | -6.2% |
| Fixed assets | 21/28 | €1,189,121 | €1,103,118 | -€86,003 | -7.2% |
| Tangible fixed assets | 22/27 | €1,188,844 | €1,102,841 | -€86,003 | -7.2% |
| Land and buildings | 22 | €1,188,621 | €1,102,841 | -€85,780 | -7.2% |
| Furniture and vehicles | 24 | €224 | €0 | -€224 | -100% |
| Financial fixed assets | 28 | €277 | €277 | = | 0.0% |
| Current assets | 29/58 | €59,705 | €67,981 | +€8,275 | +13.9% |
| Amounts receivable within one year | 40/41 | - | €6,652 | +€6,652 | |
| Other amounts receivable | 41 | - | €6,652 | +€6,652 | |
| Cash at bank and in hand | 54/58 | €59,705 | €61,329 | +€1,623 | +2.7% |
| Total equity and liabilities | 10/49 | €1,248,826 | €1,171,099 | -€77,728 | -6.2% |
| Equity | 10/15 | €591,884 | €560,659 | -€31,225 | -5.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | - | €150,000 | +€150,000 | |
| Issued capital | 100 | - | €150,000 | +€150,000 | |
| Reserves | 13 | €452,779 | €428,349 | -€24,430 | -5.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | - | €15,000 | +€15,000 | |
| Reserves not available under the articles | 1311 | €15,000 | - | -€15,000 | |
| Tax-exempt reserves | 132 | €242,129 | €217,699 | -€24,430 | -10.1% |
| Distributable reserves | 133 | €195,650 | €195,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,894 | -€17,690 | -€6,796 | -62.4% |
| Provisions and deferred taxes | 16 | €67,008 | €58,864 | -€8,143 | -12.2% |
| Deferred taxes | 168 | €67,008 | €58,864 | -€8,143 | -12.2% |
| Amounts payable | 17/49 | €589,935 | €551,575 | -€38,359 | -6.5% |
| Amounts payable after more than one year | 17 | €555,000 | €500,000 | -€55,000 | -9.9% |
| Financial debts | 170/4 | €555,000 | €500,000 | -€55,000 | -9.9% |
| Amounts payable within one year | 42/48 | €12,935 | €31,575 | +€18,641 | +144% |
| Trade debts | 44 | €10,447 | €5,040 | -€5,407 | -51.8% |
| Suppliers | 440/4 | €10,447 | €5,040 | -€5,407 | -51.8% |
| Advances received on contracts in progress | 46 | - | €3,940 | +€3,940 | |
| Other amounts payable | 47/48 | €2,488 | €22,595 | +€20,108 | +808% |
| Accrued charges and deferred income | 492/3 | €22,000 | €20,000 | -€2,000 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,928 | €93,250 | +€1,322 | +1.4% |
| Other operating charges | 640/8 | €18,756 | €16,551 | -€2,204 | -11.8% |
| Gross operating margin | 9900 | €87,319 | €90,763 | +€3,444 | +3.9% |
| Operating profit (loss) | 9901 | -€23,364 | -€19,038 | +€4,326 | +18.5% |
| Financial income | 75/76B | €2,238 | €52 | -€2,186 | -97.7% |
| Recurring financial income | 75 | €2,238 | €52 | -€2,186 | -97.7% |
| Financial charges | 65/66B | €22,492 | €20,383 | -€2,109 | -9.4% |
| Recurring financial charges | 65 | €22,492 | €20,383 | -€2,109 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,619 | -€39,368 | +€4,250 | +9.7% |
| Transfer from deferred taxes | 780 | €8,143 | €8,143 | = | 0.0% |
| Income taxes | 67/77 | -€76 | - | +€76 | |
| Profit (loss) for the period | 9904 | -€35,400 | -€31,225 | +€4,174 | +11.8% |
| Transfer from tax-exempt reserves | 789 | €24,430 | €24,430 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,970 | -€6,796 | +€4,174 | +38.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.