IMMO PACHA: 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 PACHA
Largest movements
- Cash +€26,401
up €26,401 (+51.0%), from €51,764 to €78,165
mainly Net result for the year (+€33,560) and Receivables within one year (+€19,000)
- Receivables within one year -€19,000
no longer reported in 2025 (was €19,000)
of which Trade receivables: -€10,000
- Tangible fixed assets -€14,571
down €14,571 (-4.1%), from €352,963 to €338,392
of which Land and buildings: -€14,360
- Debts after one year -€35,614
down €35,614 (-22.5%), from €157,991 to €122,377
- Profit (loss) carried forward +€33,560
up €33,560 (+22.5%), from €149,041 to €182,602
- Other debts -€7,870
no longer reported in 2025 (was €7,870)
- Gross operating margin +€3,188
up €3,188 (+4.5%), from €70,605 to €73,793
- Other operating charges -€906
down €906 (-11.7%), from €7,721 to €6,815
- Taxes +€780
up €780 (+6.8%), from €11,437 to €12,217
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 | €423,894 | €416,729 | -€7,165 | -1.7% |
| Fixed assets | 21/28 | €352,963 | €338,392 | -€14,571 | -4.1% |
| Tangible fixed assets | 22/27 | €352,963 | €338,392 | -€14,571 | -4.1% |
| Land and buildings | 22 | €352,360 | €338,000 | -€14,360 | -4.1% |
| Furniture and vehicles | 24 | €603 | €392 | -€211 | -35.1% |
| Current assets | 29/58 | €70,931 | €78,338 | +€7,406 | +10.4% |
| Amounts receivable within one year | 40/41 | €19,000 | - | -€19,000 | |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €9,000 | - | -€9,000 | |
| Cash at bank and in hand | 54/58 | €51,764 | €78,165 | +€26,401 | +51.0% |
| Deferred charges and accrued income | 490/1 | €167 | €172 | +€5 | +3.0% |
| Total equity and liabilities | 10/49 | €423,894 | €416,729 | -€7,165 | -1.7% |
| Equity | 10/15 | €204,041 | €237,602 | +€33,560 | +16.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,041 | €182,602 | +€33,560 | +22.5% |
| Provisions and deferred taxes | 16 | €8,000 | €8,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,000 | €8,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable | 17/49 | €211,853 | €171,128 | -€40,725 | -19.2% |
| Amounts payable after more than one year | 17 | €157,991 | €122,377 | -€35,614 | -22.5% |
| Financial debts | 170/4 | €157,991 | €122,377 | -€35,614 | -22.5% |
| Amounts payable within one year | 42/48 | €53,862 | €48,750 | -€5,111 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €34,405 | €35,614 | +€1,209 | +3.5% |
| Trade debts | 44 | €150 | €920 | +€770 | +513.1% |
| Suppliers | 440/4 | €150 | €920 | +€770 | +513.1% |
| Taxes, remuneration and social security | 45 | €11,437 | €12,217 | +€780 | +6.8% |
| Taxes | 450/3 | €11,437 | €12,217 | +€780 | +6.8% |
| Other amounts payable | 47/48 | €7,870 | - | -€7,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,571 | €14,571 | = | 0.0% |
| Other operating charges | 640/8 | €7,721 | €6,815 | -€906 | -11.7% |
| Gross operating margin | 9900 | €70,605 | €73,793 | +€3,188 | +4.5% |
| Operating profit (loss) | 9901 | €48,313 | €52,406 | +€4,094 | +8.5% |
| Financial charges | 65/66B | €6,342 | €6,629 | +€287 | +4.5% |
| Recurring financial charges | 65 | €6,342 | €6,629 | +€287 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €41,971 | €45,777 | +€3,807 | +9.1% |
| Income taxes | 67/77 | €11,437 | €12,217 | +€780 | +6.8% |
| Profit (loss) for the period | 9904 | €30,534 | €33,560 | +€3,027 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,534 | €33,560 | +€3,027 | +9.9% |
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 7 October 2026 via checked.be.