IMMO PA44 1: what changed
Two fiscal 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.
IMMO PA44 1
Largest movements
- Receivables within one year -€269,293
down €269,293 (-74.4%), from €361,912 to €92,619
- Cash -€6,773
down €6,773 (-28.3%), from €23,896 to €17,123
mainly Other debts (-€280,000) and Trade debts (-€108)
- Other debts -€280,000
no longer reported in 2025 (was €280,000)
- Financial income -€32,643
down €32,643 (-74.6%), from €43,761 to €11,118
- Taxes -€7,405
down €7,405 (-87.3%), from €8,483 to €1,079
- Other operating charges -€5,410
down €5,410 (-98.4%), from €5,498 to €88
- Financial charges -€85
down €85 (-10.6%), from €800 to €715
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 | €385,808 | €109,742 | -€276,066 | -71.6% |
| Current assets | 29/58 | €385,808 | €109,742 | -€276,066 | -71.6% |
| Amounts receivable within one year | 40/41 | €361,912 | €92,619 | -€269,293 | -74.4% |
| Other amounts receivable | 41 | €361,912 | €92,619 | -€269,293 | -74.4% |
| Cash at bank and in hand | 54/58 | €23,896 | €17,123 | -€6,773 | -28.3% |
| Total equity and liabilities | 10/49 | €385,808 | €109,742 | -€276,066 | -71.6% |
| Equity | 10/15 | €89,248 | €92,211 | +€2,963 | +3.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,598 | €24,561 | +€2,963 | +13.7% |
| Amounts payable | 17/49 | €296,560 | €17,531 | -€279,029 | -94.1% |
| Amounts payable within one year | 42/48 | €296,560 | €17,531 | -€279,029 | -94.1% |
| Trade debts | 44 | €8,077 | €7,969 | -€108 | -1.3% |
| Suppliers | 440/4 | €8,077 | €7,969 | -€108 | -1.3% |
| Taxes, remuneration and social security | 45 | €8,483 | €9,562 | +€1,079 | +12.7% |
| Taxes | 450/3 | €8,483 | €9,562 | +€1,079 | +12.7% |
| Other amounts payable | 47/48 | €280,000 | - | -€280,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,332 | €6,274 | -€58 | -0.9% |
| Other operating charges | 640/8 | €5,498 | €88 | -€5,410 | -98.4% |
| Gross operating margin | 9900 | -€6,332 | -€6,274 | +€58 | +0.9% |
| Operating profit (loss) | 9901 | -€11,829 | -€6,362 | +€5,468 | +46.2% |
| Financial income | 75/76B | €43,761 | €11,118 | -€32,643 | -74.6% |
| Recurring financial income | 75 | €43,761 | €11,118 | -€32,643 | -74.6% |
| Financial charges | 65/66B | €800 | €715 | -€85 | -10.6% |
| Recurring financial charges | 65 | €800 | €715 | -€85 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €31,132 | €4,041 | -€27,091 | -87.0% |
| Income taxes | 67/77 | €8,483 | €1,079 | -€7,405 | -87.3% |
| Profit (loss) for the period | 9904 | €22,649 | €2,963 | -€19,686 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,649 | €2,963 | -€19,686 | -86.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.