Immo Paermentier: 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.
What changed
Immo Paermentier
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€51,892
2024 · €1.1m-€1.1m
Equity
€2.4m
2024 · €2.5m-€51,892
Cash
€1.9m
2024 · €1.9m-€20,790
Balance sheet total
€3.3m
2024 · €3.4m-€60,714
Largest movements
Assets
- Tangible fixed assets -€41,942
down €41,942 (-2.9%), from €1.4m to €1.4m
of which Land and buildings: -€38,336
Equity and liabilities
- Short-term financial debts -€40,290
down €40,290 (-100%), from €40,290 to €0
- Accrued charges and deferred income +€36,387
up €36,387, from €0 to €36,387
Income statement
- Gross operating margin -€1.6m
down €1.6m (-98.7%), from €1.7m to €21,839
- Taxes -€535,499
down €535,499 (-100%), from €535,499 to €0
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.
Result 2024
€1.1m
Gross operating margin
-€1.6m
Depreciation
-€1,185
Other operating charges
+€3,962
Financial income
+€1,122
Financial charges
+€4,334
Taxes
+€535,499
Deferred taxes and other
-€44,591
Result 2025
-€51,892
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€29,769
Investment
-€5,269
Financing
-€45,290
Cash 2024
€1.9m
From operations (derived)
+€29,769
Net result for the year
-€51,892
Depreciation
+€47,210
Receivables within one year
-€2,326
Deferred charges and accrued income
+€309
Provisions
-€9,965
Trade debts
-€878
Tax, wage and social debts
-€5,388
Other debts
+€16,312
Accrued charges and deferred income
+€36,387
Investment (derived)
-€5,269
Investment in fixed assets (net)
-€5,269
Financing
-€45,290
Debts after one year
-€5,000
Short-term financial debts
-€40,290
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,363,108 | €3,302,394 | -€60,714 | -1.8% |
| Fixed assets | 21/28 | €1,428,705 | €1,386,764 | -€41,942 | -2.9% |
| Tangible fixed assets | 22/27 | €1,428,705 | €1,386,764 | -€41,942 | -2.9% |
| Land and buildings | 22 | €1,409,155 | €1,370,819 | -€38,336 | -2.7% |
| Plant, machinery and equipment | 23 | €19,550 | €15,945 | -€3,606 | -18.4% |
| Current assets | 29/58 | €1,934,403 | €1,915,630 | -€18,773 | -1.0% |
| Amounts receivable within one year | 40/41 | €13,514 | €15,840 | +€2,326 | +17.2% |
| Other amounts receivable | 41 | €13,514 | €15,840 | +€2,326 | +17.2% |
| Cash at bank and in hand | 54/58 | €1,918,142 | €1,897,352 | -€20,790 | -1.1% |
| Deferred charges and accrued income | 490/1 | €2,747 | €2,438 | -€309 | -11.2% |
| Total equity and liabilities | 10/49 | €3,363,108 | €3,302,394 | -€60,714 | -1.8% |
| Equity | 10/15 | €2,467,702 | €2,415,809 | -€51,892 | -2.1% |
| Contributions | 10/11 | €653,199 | €653,199 | = | 0.0% |
| Capital | 10 | €653,199 | €653,199 | = | 0.0% |
| Issued capital | 100 | €653,199 | €653,199 | = | 0.0% |
| Reserves | 13 | €1,814,502 | €1,793,695 | -€20,807 | -1.1% |
| Non-distributable reserves | 130/1 | €65,320 | €65,320 | = | 0.0% |
| Legal reserve | 130 | €65,320 | €65,320 | = | 0.0% |
| Tax-exempt reserves | 132 | €443,825 | €423,017 | -€20,807 | -4.7% |
| Distributable reserves | 133 | €1,305,358 | €1,305,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,085 | -€31,085 | |
| Provisions and deferred taxes | 16 | €215,718 | €205,753 | -€9,965 | -4.6% |
| Deferred taxes | 168 | €215,718 | €205,753 | -€9,965 | -4.6% |
| Amounts payable | 17/49 | €679,688 | €680,832 | +€1,143 | +0.2% |
| Amounts payable after more than one year | 17 | €6,249 | €1,249 | -€5,000 | -80.0% |
| Financial debts | 170/4 | €6,249 | €1,249 | -€5,000 | -80.0% |
| Amounts payable within one year | 42/48 | €673,439 | €643,195 | -€30,244 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 43 | €40,290 | €0 | -€40,290 | -100% |
| Credit institutions | 430/8 | €40,290 | €0 | -€40,290 | -100% |
| Trade debts | 44 | €4,688 | €3,811 | -€878 | -18.7% |
| Suppliers | 440/4 | €4,688 | €3,811 | -€878 | -18.7% |
| Taxes, remuneration and social security | 45 | €121,978 | €116,589 | -€5,388 | -4.4% |
| Taxes | 450/3 | €121,978 | €116,589 | -€5,388 | -4.4% |
| Other amounts payable | 47/48 | €501,483 | €517,795 | +€16,312 | +3.3% |
| Accrued charges and deferred income | 492/3 | €0 | €36,387 | +€36,387 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,026 | €47,210 | +€1,185 | +2.6% |
| Other operating charges | 640/8 | €11,372 | €7,410 | -€3,962 | -34.8% |
| Gross operating margin | 9900 | €1,653,419 | €21,839 | -€1.6m | -98.7% |
| Operating profit (loss) | 9901 | €1,596,021 | -€32,782 | -€1.6m | |
| Financial income | 75/76B | €6,632 | €7,753 | +€1,122 | +16.9% |
| Recurring financial income | 75 | €6,632 | €7,753 | +€1,122 | +16.9% |
| Financial charges | 65/66B | €41,163 | €36,829 | -€4,334 | -10.5% |
| Recurring financial charges | 65 | €41,163 | €36,829 | -€4,334 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €1,561,490 | -€61,857 | -€1.6m | |
| Transfer from deferred taxes | 780 | €54,556 | €9,965 | -€44,591 | -81.7% |
| Income taxes | 67/77 | €535,499 | €0 | -€535,499 | -100% |
| Profit (loss) for the period | 9904 | €1,080,547 | -€51,892 | -€1.1m | |
| Transfer from tax-exempt reserves | 789 | €95,403 | €20,807 | -€74,596 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,175,950 | -€31,085 | -€1.2m |
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 28 October 2026 via checked.be.