IMMO PA44 2: 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.
IMMO PA44 2
Largest movements
- Receivables within one year -€485,245
down €485,245 (-88.2%), from €550,202 to €64,956
- Other debts -€500,000
no longer reported in 2025 (was €500,000)
- Profit (loss) carried forward +€6,958
up €6,958 (+25.4%), from €27,361 to €34,320
- Financial income -€93,202
down €93,202 (-86.3%), from €107,957 to €14,755
- Taxes -€23,043
down €23,043 (-90.1%), from €25,576 to €2,533
- Other operating charges -€6,289
down €6,289 (-91.4%), from €6,884 to €595
- Gross operating margin +€2,488
up €2,488 (+38.8%), from -€6,417 to -€3,929
- Purchases and services +€891
up €891 (+13.9%), from €6,417 to €7,309
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.
Derived cash bridge
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 | €626,684 | €136,532 | -€490,152 | -78.2% |
| Current assets | 29/58 | €626,684 | €136,532 | -€490,152 | -78.2% |
| Amounts receivable within one year | 40/41 | €550,202 | €64,956 | -€485,245 | -88.2% |
| Other amounts receivable | 41 | €550,202 | €64,956 | -€485,245 | -88.2% |
| Cash at bank and in hand | 54/58 | €76,482 | €71,576 | -€4,906 | -6.4% |
| Total equity and liabilities | 10/49 | €626,684 | €136,532 | -€490,152 | -78.2% |
| Equity | 10/15 | €95,011 | €101,970 | +€6,958 | +7.3% |
| 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 | €27,361 | €34,320 | +€6,958 | +25.4% |
| Amounts payable | 17/49 | €531,672 | €34,562 | -€497,110 | -93.5% |
| Amounts payable within one year | 42/48 | €531,672 | €34,562 | -€497,110 | -93.5% |
| Trade debts | 44 | €6,097 | €6,454 | +€357 | +5.9% |
| Suppliers | 440/4 | €6,097 | €6,454 | +€357 | +5.9% |
| Taxes, remuneration and social security | 45 | €25,576 | €28,109 | +€2,533 | +9.9% |
| Taxes | 450/3 | €25,576 | €28,109 | +€2,533 | +9.9% |
| Other amounts payable | 47/48 | €500,000 | - | -€500,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,417 | €7,309 | +€891 | +13.9% |
| Other operating charges | 640/8 | €6,884 | €595 | -€6,289 | -91.4% |
| Gross operating margin | 9900 | -€6,417 | -€3,929 | +€2,488 | +38.8% |
| Operating profit (loss) | 9901 | -€13,302 | -€4,524 | +€8,778 | +66.0% |
| Financial income | 75/76B | €107,957 | €14,755 | -€93,202 | -86.3% |
| Recurring financial income | 75 | €107,957 | €14,755 | -€93,202 | -86.3% |
| Financial charges | 65/66B | €800 | €739 | -€60 | -7.6% |
| Recurring financial charges | 65 | €800 | €739 | -€60 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €93,856 | €9,492 | -€84,364 | -89.9% |
| Income taxes | 67/77 | €25,576 | €2,533 | -€23,043 | -90.1% |
| Profit (loss) for the period | 9904 | €68,280 | €6,958 | -€61,321 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,280 | €6,958 | -€61,321 | -89.8% |
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 19 October 2026 via checked.be.