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IMMO Palmina: 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.

What changed

IMMO Palmina

BE 0759.945.807
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,986
2024 · -€2,511+€8,497
Equity
€40,477
2024 · €34,491+€5,986
Cash
€31,966
2024 · €13,513+€18,453
Balance sheet total
€61,582
2024 · €53,586+€7,996

Largest movements

2024 to 2025
Assets
  • Cash +€18,453

    up €18,453 (+136.6%), from €13,513 to €31,966

    mainly Receivables within one year (+€9,241) and Net result for the year (+€5,986)

  • Receivables within one year -€9,241

    down €9,241 (-32.5%), from €28,445 to €19,204

    of which Trade receivables: -€12,989

  • Tangible fixed assets -€3,105

    down €3,105 (-29.3%), from €10,588 to €7,483

  • Deferred charges and accrued income +€1,889

    up €1,889 (+181.7%), from €1,039 to €2,928

Equity and liabilities
  • Other debts -€6,856

    no longer reported in 2025 (was €6,856)

  • Profit (loss) carried forward +€5,986

    up €5,986 (+19.0%), from €31,491 to €37,477

  • Trade debts +€5,290

    up €5,290 (+248.9%), from €2,126 to €7,416

  • Tax, wage and social debts +€3,576

    up €3,576 (+35.4%), from €10,113 to €13,688

Income statement
  • Staff costs -€20,667

    down €20,667 (-99.5%), from €20,760 to €94

  • Gross operating margin -€14,167

    down €14,167 (-50.1%), from €28,266 to €14,099

  • Other operating charges -€3,068

    down €3,068 (-52.3%), from €5,864 to €2,796

  • Taxes +€1,829

    up €1,829 (+3002.6%), from €61 to €1,890

  • Financial charges -€753

    down €753 (-75.0%), from €1,003 to €250

From the 2024 result to the 2025 result

effect on the 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 -€2,511
Gross operating margin -€14,167
Staff costs +€20,667
Depreciation +€88
Other operating charges +€3,068
Financial income -€83
Financial charges +€753
Taxes -€1,829
Result 2025 €5,986

Cash bridge derived

cash 2024 to 2025

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 +€18,453
Investment €0
Financing €0
Cash 2024 €13,513
Net result for the year +€5,986
Depreciation +€3,105
Receivables within one year +€9,241
Deferred charges and accrued income -€1,889
Trade debts +€5,290
Tax, wage and social debts +€3,576
Other debts -€6,856
Cash 2025 €31,966
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €53,586 €61,582 +€7,996 +14.9%
Fixed assets 21/28 €10,588 €7,483 -€3,105 -29.3%
Tangible fixed assets 22/27 €10,588 €7,483 -€3,105 -29.3%
Plant, machinery and equipment 23 €3,640 €3,080 -€560 -15.4%
Furniture and vehicles 24 €3,293 €1,792 -€1,501 -45.6%
Other tangible fixed assets 26 €3,655 €2,611 -€1,044 -28.6%
Current assets 29/58 €42,998 €54,098 +€11,101 +25.8%
Amounts receivable within one year 40/41 €28,445 €19,204 -€9,241 -32.5%
Trade receivables 40 €24,506 €11,517 -€12,989 -53.0%
Other amounts receivable 41 €3,939 €7,687 +€3,748 +95.1%
Cash at bank and in hand 54/58 €13,513 €31,966 +€18,453 +136.6%
Deferred charges and accrued income 490/1 €1,039 €2,928 +€1,889 +181.7%
Total equity and liabilities 10/49 €53,586 €61,582 +€7,996 +14.9%
Equity 10/15 €34,491 €40,477 +€5,986 +17.4%
Contributions 10/11 €3,000 €3,000 = 0.0%
Profit (loss) carried forward 14 €31,491 €37,477 +€5,986 +19.0%
Amounts payable 17/49 €19,095 €21,105 +€2,010 +10.5%
Amounts payable within one year 42/48 €19,095 €21,105 +€2,010 +10.5%
Trade debts 44 €2,126 €7,416 +€5,290 +248.9%
Suppliers 440/4 €2,126 €7,416 +€5,290 +248.9%
Taxes, remuneration and social security 45 €10,113 €13,688 +€3,576 +35.4%
Taxes 450/3 €10,113 €13,688 +€3,576 +35.4%
Other amounts payable 47/48 €6,856 - -€6,856
Remuneration, social security and pensions 62 €20,760 €94 -€20,667 -99.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,193 €3,105 -€88 -2.8%
Other operating charges 640/8 €5,864 €2,796 -€3,068 -52.3%
Gross operating margin 9900 €28,266 €14,099 -€14,167 -50.1%
Operating profit (loss) 9901 -€1,551 €8,104 +€9,655
Financial income 75/76B €105 €22 -€83 -79.0%
Recurring financial income 75 €105 €22 -€83 -79.0%
Financial charges 65/66B €1,003 €250 -€753 -75.0%
Recurring financial charges 65 €1,003 €250 -€753 -75.0%
Profit (loss) for the period before taxes 9903 -€2,450 €7,876 +€10,326
Income taxes 67/77 €61 €1,890 +€1,829 +3002.6%
Profit (loss) for the period 9904 -€2,511 €5,986 +€8,497
Profit (loss) for the period to be appropriated 9905 -€2,511 €5,986 +€8,497

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.