IMMO PADIVA: what changed
IMMO PADIVA
Largest movements
- Receivables within one year +€40,839
up €40,839 (+25.9%), from €157,924 to €198,762
of which Trade receivables: +€22,373
- Tangible fixed assets -€35,048
down €35,048 (-3.4%), from €1.0m to €1.0m
of which Land and buildings: -€20,228
- Cash +€22,108
up €22,108 (+856%), from €2,582 to €24,690
mainly Depreciation (+€47,074) and Tax, wage and social debts (+€43,896)
- Debts after one year -€49,154
down €49,154 (-4.8%), from €1.0m to €968,128
- Tax, wage and social debts +€43,896
up €43,896 (+268%), from €16,382 to €60,278
of which Taxes: +€43,494
- Trade debts +€42,461
up €42,461 (+58.4%), from €72,703 to €115,164
- Profit (loss) carried forward +€27,897
up €27,897 (+15.9%), from -€174,953 to -€147,056
- Other debts -€22,399
down €22,399 (-12.8%), from €174,752 to €152,353
- Gross operating margin +€165,092
up €165,092 (+1,188%), from €13,897 to €178,989
- Staff costs +€13,125
up €13,125 (+27.0%), from €48,544 to €61,669
- Financial charges -€9,039
down €9,039 (-20.9%), from €43,256 to €34,217
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,204,799 | €1,229,864 | +€25,065 | +2.1% |
| Fixed assets | 21/28 | €1,037,885 | €1,002,460 | -€35,424 | -3.4% |
| Intangible fixed assets | 21 | €783 | €407 | -€376 | -48.0% |
| Tangible fixed assets | 22/27 | €1,037,101 | €1,002,053 | -€35,048 | -3.4% |
| Land and buildings | 22 | €904,386 | €884,158 | -€20,228 | -2.2% |
| Plant, machinery and equipment | 23 | €26,387 | €21,466 | -€4,921 | -18.6% |
| Furniture and vehicles | 24 | €10,154 | €13,877 | +€3,722 | +36.7% |
| Other tangible fixed assets | 26 | €96,174 | €82,552 | -€13,622 | -14.2% |
| Current assets | 29/58 | €166,915 | €227,404 | +€60,489 | +36.2% |
| Amounts receivable within one year | 40/41 | €157,924 | €198,762 | +€40,839 | +25.9% |
| Trade receivables | 40 | - | €22,373 | +€22,373 | |
| Other amounts receivable | 41 | €157,924 | €176,389 | +€18,466 | +11.7% |
| Cash at bank and in hand | 54/58 | €2,582 | €24,690 | +€22,108 | +856% |
| Deferred charges and accrued income | 490/1 | €6,409 | €3,952 | -€2,457 | -38.3% |
| Total equity and liabilities | 10/49 | €1,204,799 | €1,229,864 | +€25,065 | +2.1% |
| Equity | 10/15 | -€169,953 | -€142,056 | +€27,897 | +16.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,953 | -€147,056 | +€27,897 | +15.9% |
| Amounts payable | 17/49 | €1,374,753 | €1,371,920 | -€2,832 | -0.2% |
| Amounts payable after more than one year | 17 | €1,017,282 | €968,128 | -€49,154 | -4.8% |
| Financial debts | 170/4 | €1,017,282 | €968,128 | -€49,154 | -4.8% |
| Amounts payable within one year | 42/48 | €356,770 | €403,793 | +€47,022 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €92,933 | €75,998 | -€16,935 | -18.2% |
| Trade debts | 44 | €72,703 | €115,164 | +€42,461 | +58.4% |
| Suppliers | 440/4 | €72,703 | €115,164 | +€42,461 | +58.4% |
| Taxes, remuneration and social security | 45 | €16,382 | €60,278 | +€43,896 | +268% |
| Taxes | 450/3 | €8,774 | €52,268 | +€43,494 | +496% |
| Remuneration and social security | 454/9 | €7,608 | €8,010 | +€402 | +5.3% |
| Other amounts payable | 47/48 | €174,752 | €152,353 | -€22,399 | -12.8% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Non-recurring operating income | 76A | €1,950 | - | -€1,950 | |
| Remuneration, social security and pensions | 62 | €48,544 | €61,669 | +€13,125 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,119 | €47,074 | +€955 | +2.1% |
| Other operating charges | 640/8 | €9,334 | €7,978 | -€1,356 | -14.5% |
| Gross operating margin | 9900 | €13,897 | €178,989 | +€165,092 | +1,188% |
| Operating profit (loss) | 9901 | -€90,100 | €62,268 | +€152,368 | |
| Financial income | 75/76B | €35 | €22 | -€13 | -37.7% |
| Recurring financial income | 75 | €35 | €22 | -€13 | -37.7% |
| Financial charges | 65/66B | €43,256 | €34,217 | -€9,039 | -20.9% |
| Recurring financial charges | 65 | €43,256 | €34,217 | -€9,039 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€133,321 | €28,073 | +€161,394 | |
| Income taxes | 67/77 | €98 | €176 | +€78 | +79.1% |
| Profit (loss) for the period | 9904 | -€133,420 | €27,897 | +€161,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,420 | €27,897 | +€161,317 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.