PUT-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.
What changed
PUT-IMMO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€240,098
2024 · €363,929-€123,831
Equity
€2.6m
2024 · €2.4m+€240,098
Cash
€1.6m
2024 · €1.5m+€120,822
Balance sheet total
€3.5m
2024 · €3.3m+€280,505
Largest movements
Assets
- Receivables within one year +€283,024
up €283,024 (+14167.1%), from €1,998 to €285,022
of which Trade receivables: +€283,024
- Cash +€120,822
up €120,822 (+8.1%), from €1.5m to €1.6m
mainly Net result for the year (+€240,098) and Depreciation (+€119,575)
- Tangible fixed assets -€119,575
down €119,575 (-6.8%), from €1.8m to €1.6m
Equity and liabilities
- Profit (loss) carried forward +€268,238
up €268,238 (+19.5%), from €1.4m to €1.6m
Income statement
- Gross operating margin -€167,024
down €167,024 (-26.6%), from €627,649 to €460,625
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.
Result 2024
€363,929
Gross operating margin
-€167,024
Other operating charges
-€31
Financial income
-€0
Financial charges
+€1,948
Taxes
-€5,489
Deferred taxes and other
+€46,766
Result 2025
€240,098
Cash bridge derived
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.
From operations
+€120,822
Investment
€0
Financing
€0
Cash 2024
€1.5m
From operations (derived)
+€120,822
Net result for the year
+€240,098
Depreciation
+€119,575
Receivables within one year
-€283,024
Deferred charges and accrued income
+€3,767
Provisions
-€9,380
Trade debts
+€2,652
Tax, wage and social debts
+€34,549
Other debts
+€14,523
Accrued charges and deferred income
-€1,939
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,258,368 | €3,538,873 | +€280,505 | +8.6% |
| Fixed assets | 21/28 | €1,769,389 | €1,649,814 | -€119,575 | -6.8% |
| Tangible fixed assets | 22/27 | €1,769,389 | €1,649,814 | -€119,575 | -6.8% |
| Land and buildings | 22 | €1,769,389 | €1,649,814 | -€119,575 | -6.8% |
| Current assets | 29/58 | €1,488,980 | €1,889,060 | +€400,080 | +26.9% |
| Amounts receivable within one year | 40/41 | €1,998 | €285,022 | +€283,024 | +14167.1% |
| Trade receivables | 40 | €1,887 | €284,911 | +€283,024 | +15000.9% |
| Other amounts receivable | 41 | €111 | €111 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,483,215 | €1,604,038 | +€120,822 | +8.1% |
| Deferred charges and accrued income | 490/1 | €3,767 | - | -€3,767 | |
| Total equity and liabilities | 10/49 | €3,258,368 | €3,538,873 | +€280,505 | +8.6% |
| Equity | 10/15 | €2,407,410 | €2,647,508 | +€240,098 | +10.0% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Capital | 10 | €205,000 | €205,000 | = | 0.0% |
| Issued capital | 100 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €827,628 | €799,488 | -€28,140 | -3.4% |
| Non-distributable reserves | 130/1 | €20,500 | €20,500 | = | 0.0% |
| Legal reserve | 130 | €20,500 | €20,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €484,825 | €456,686 | -€28,140 | -5.8% |
| Distributable reserves | 133 | €322,303 | €322,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,374,782 | €1,643,020 | +€268,238 | +19.5% |
| Provisions and deferred taxes | 16 | €161,608 | €152,229 | -€9,380 | -5.8% |
| Deferred taxes | 168 | €161,608 | €152,229 | -€9,380 | -5.8% |
| Amounts payable | 17/49 | €689,350 | €739,136 | +€49,786 | +7.2% |
| Amounts payable within one year | 42/48 | €668,042 | €719,767 | +€51,725 | +7.7% |
| Trade debts | 44 | €1,765 | €4,417 | +€2,652 | +150.3% |
| Suppliers | 440/4 | €1,765 | €4,417 | +€2,652 | +150.3% |
| Taxes, remuneration and social security | 45 | €13,463 | €48,013 | +€34,549 | +256.6% |
| Taxes | 450/3 | €13,463 | €13 | -€13,451 | -99.9% |
| Remuneration and social security | 454/9 | - | €48,000 | +€48,000 | |
| Other amounts payable | 47/48 | €652,814 | €667,337 | +€14,523 | +2.2% |
| Accrued charges and deferred income | 492/3 | €21,308 | €19,369 | -€1,939 | -9.1% |
| Non-recurring operating income | 76A | €187,065 | - | -€187,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,575 | €119,575 | = | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €627,649 | €460,625 | -€167,024 | -26.6% |
| Operating profit (loss) | 9901 | €507,045 | €339,990 | -€167,055 | -32.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €21,806 | €19,859 | -€1,948 | -8.9% |
| Recurring financial charges | 65 | €21,806 | €19,859 | -€1,948 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €485,239 | €320,131 | -€165,107 | -34.0% |
| Transfer from deferred taxes | 780 | €9,380 | €9,380 | = | 0.0% |
| Transfer to deferred taxes | 680 | €46,766 | - | -€46,766 | |
| Income taxes | 67/77 | €83,923 | €89,413 | +€5,489 | +6.5% |
| Profit (loss) for the period | 9904 | €363,929 | €240,098 | -€123,831 | -34.0% |
| Transfer from tax-exempt reserves | 789 | €28,140 | €28,140 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €140,299 | - | -€140,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €251,770 | €268,238 | +€16,468 | +6.5% |
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 10 October 2026 via checked.be.