PXP 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.
PXP Immo
Largest movements
- Stocks and contracts +€54,623
up €54,623 (+16.0%), from €341,829 to €396,452
- Tangible fixed assets -€52,549
down €52,549 (-2.7%), from €2.0m to €1.9m
of which Land and buildings: -€51,576
- Cash +€37,316
up €37,316 (+232.4%), from €16,057 to €53,374
mainly Other debts (+€276,819) and Debts after one year (+€266,528)
- Current portion of long-term debt -€575,694
down €575,694 (-83.9%), from €686,226 to €110,532
- Other debts +€276,819
up €276,819 (+359.5%), from €77,001 to €353,820
- Debts after one year +€266,528
up €266,528 (+17.0%), from €1.6m to €1.8m
- Trade debts +€52,619
up €52,619 (+104.6%), from €50,282 to €102,901
- Profit (loss) carried forward +€24,137
up €24,137 (+38.6%), from -€62,584 to -€38,446
- Gross operating margin +€3,832
up €3,832 (+2.6%), from €147,251 to €151,082
- Financial charges -€3,775
down €3,775 (-5.5%), from €68,846 to €65,071
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,336,900 | €2,382,071 | +€45,170 | +1.9% |
| Fixed assets | 21/28 | €1,977,996 | €1,927,726 | -€50,270 | -2.5% |
| Tangible fixed assets | 22/27 | €1,973,090 | €1,920,540 | -€52,549 | -2.7% |
| Land and buildings | 22 | €1,966,360 | €1,914,784 | -€51,576 | -2.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,730 | €5,757 | -€973 | -14.5% |
| Financial fixed assets | 28 | €4,906 | €7,185 | +€2,279 | +46.5% |
| Current assets | 29/58 | €358,904 | €454,345 | +€95,441 | +26.6% |
| Stocks and contracts in progress | 3 | €341,829 | €396,452 | +€54,623 | +16.0% |
| Stocks | 30/36 | €341,829 | €396,452 | +€54,623 | +16.0% |
| Amounts receivable within one year | 40/41 | €59 | €2,068 | +€2,009 | +3399.8% |
| Trade receivables | 40 | €0 | €2,068 | +€2,068 | |
| Other amounts receivable | 41 | €59 | €0 | -€59 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,057 | €53,374 | +€37,316 | +232.4% |
| Deferred charges and accrued income | 490/1 | €959 | €2,451 | +€1,492 | +155.6% |
| Total equity and liabilities | 10/49 | €2,336,900 | €2,382,071 | +€45,170 | +1.9% |
| Equity | 10/15 | -€56,384 | -€32,246 | +€24,137 | +42.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,584 | -€38,446 | +€24,137 | +38.6% |
| Amounts payable | 17/49 | €2,393,284 | €2,414,317 | +€21,033 | +0.9% |
| Amounts payable after more than one year | 17 | €1,564,408 | €1,830,936 | +€266,528 | +17.0% |
| Financial debts | 170/4 | €1,564,408 | €1,830,936 | +€266,528 | +17.0% |
| Amounts payable within one year | 42/48 | €813,509 | €567,747 | -€245,761 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €686,226 | €110,532 | -€575,694 | -83.9% |
| Trade debts | 44 | €50,282 | €102,901 | +€52,619 | +104.6% |
| Suppliers | 440/4 | €50,282 | €102,901 | +€52,619 | +104.6% |
| Taxes, remuneration and social security | 45 | - | €495 | +€495 | |
| Taxes | 450/3 | - | €495 | +€495 | |
| Other amounts payable | 47/48 | €77,001 | €353,820 | +€276,819 | +359.5% |
| Accrued charges and deferred income | 492/3 | €15,368 | €15,634 | +€266 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,840 | €52,549 | -€291 | -0.6% |
| Other operating charges | 640/8 | €9,053 | €9,333 | +€280 | +3.1% |
| Gross operating margin | 9900 | €147,251 | €151,082 | +€3,832 | +2.6% |
| Operating profit (loss) | 9901 | €85,357 | €89,200 | +€3,842 | +4.5% |
| Financial income | 75/76B | €197 | €11 | -€186 | -94.3% |
| Recurring financial income | 75 | €197 | €11 | -€186 | -94.3% |
| Financial charges | 65/66B | €68,846 | €65,071 | -€3,775 | -5.5% |
| Recurring financial charges | 65 | €68,846 | €65,071 | -€3,775 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €16,708 | €24,140 | +€7,432 | +44.5% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €16,708 | €24,137 | +€7,430 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,708 | €24,137 | +€7,430 | +44.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.