PS IMMOBILIERE: 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.
PS IMMOBILIERE
Largest movements
- Receivables within one year +€13,455
up €13,455 (+17.5%), from €76,911 to €90,366
- Debts after one year -€65,346
down €65,346 (-19.1%), from €341,402 to €276,056
of which Financial debts: -€65,346
- Other debts +€41,040
up €41,040 (+31.5%), from €130,290 to €171,330
- Profit (loss) carried forward +€36,207
up €36,207 (+17.6%), from €205,393 to €241,600
- Gross operating margin -€17,163
down €17,163 (-17.3%), from €99,060 to €81,897
- Taxes -€7,070
down €7,070 (-34.9%), from €20,250 to €13,180
- Financial charges -€5,796
down €5,796 (-29.4%), from €19,736 to €13,940
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €826,048 | €838,259 | +€12,211 | +1.5% |
| Fixed assets | 21/28 | €749,135 | €742,453 | -€6,683 | -0.9% |
| Tangible fixed assets | 22/27 | €269,135 | €262,453 | -€6,683 | -2.5% |
| Land and buildings | 22 | €269,135 | €262,453 | -€6,683 | -2.5% |
| Financial fixed assets | 28 | €480,000 | €480,000 | = | 0.0% |
| Current assets | 29/58 | €76,913 | €95,806 | +€18,893 | +24.6% |
| Amounts receivable within one year | 40/41 | €76,911 | €90,366 | +€13,455 | +17.5% |
| Other amounts receivable | 41 | €76,911 | €90,366 | +€13,455 | +17.5% |
| Cash at bank and in hand | 54/58 | €2 | €5,440 | +€5,438 | +316,176% |
| Total equity and liabilities | 10/49 | €826,048 | €838,259 | +€12,211 | +1.5% |
| Equity | 10/15 | €273,593 | €309,800 | +€36,207 | +13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,393 | €241,600 | +€36,207 | +17.6% |
| Amounts payable | 17/49 | €552,455 | €528,459 | -€23,996 | -4.3% |
| Amounts payable after more than one year | 17 | €341,402 | €276,056 | -€65,346 | -19.1% |
| Financial debts | 170/4 | €336,402 | €271,056 | -€65,346 | -19.4% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,053 | €249,856 | +€38,803 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €64,300 | €65,346 | +€1,046 | +1.6% |
| Taxes, remuneration and social security | 45 | €16,463 | €13,180 | -€3,283 | -19.9% |
| Taxes | 450/3 | €16,463 | €13,180 | -€3,283 | -19.9% |
| Other amounts payable | 47/48 | €130,290 | €171,330 | +€41,040 | +31.5% |
| Accrued charges and deferred income | 492/3 | - | €2,547 | +€2,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,683 | €6,683 | = | 0.0% |
| Other operating charges | 640/8 | €12,225 | €11,887 | -€337 | -2.8% |
| Gross operating margin | 9900 | €99,060 | €81,897 | -€17,163 | -17.3% |
| Operating profit (loss) | 9901 | €80,153 | €63,327 | -€16,826 | -21.0% |
| Financial charges | 65/66B | €19,736 | €13,940 | -€5,796 | -29.4% |
| Recurring financial charges | 65 | €19,736 | €13,940 | -€5,796 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €60,416 | €49,387 | -€11,030 | -18.3% |
| Income taxes | 67/77 | €20,250 | €13,180 | -€7,070 | -34.9% |
| Profit (loss) for the period | 9904 | €40,167 | €36,207 | -€3,960 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,167 | €36,207 | -€3,960 | -9.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.