IMMO PAN H: 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 PAN H
Largest movements
- Receivables within one year -€11,145
down €11,145 (-3.9%), from €288,557 to €277,412
of which Other amounts receivable: -€11,145
- Tax, wage and social debts -€11,603
no longer reported in 2025 (was €11,603)
- Gross operating margin +€2,518
up €2,518 (+77.6%), from -€3,247 to -€729
- Financial charges -€348
down €348 (-19.3%), from €1,802 to €1,454
- Financial income +€90
new in 2025: €90
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 | €297,631 | €286,525 | -€11,106 | -3.7% |
| Fixed assets | 21/28 | €9,000 | €9,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €288,631 | €277,525 | -€11,106 | -3.8% |
| Amounts receivable within one year | 40/41 | €288,557 | €277,412 | -€11,145 | -3.9% |
| Trade receivables | 40 | €27,420 | €27,420 | = | 0.0% |
| Other amounts receivable | 41 | €261,137 | €249,992 | -€11,145 | -4.3% |
| Cash at bank and in hand | 54/58 | €74 | €113 | +€39 | +53.0% |
| Total equity and liabilities | 10/49 | €297,631 | €286,525 | -€11,106 | -3.7% |
| Equity | 10/15 | €285,607 | €283,514 | -€2,093 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,407 | €277,314 | -€2,093 | -0.7% |
| Amounts payable | 17/49 | €12,025 | €3,011 | -€9,013 | -75.0% |
| Amounts payable within one year | 42/48 | €12,025 | €3,011 | -€9,013 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,590 | +€2,590 | |
| Taxes, remuneration and social security | 45 | €11,603 | - | -€11,603 | |
| Taxes | 450/3 | €11,603 | - | -€11,603 | |
| Other amounts payable | 47/48 | €421 | €421 | = | 0.0% |
| Gross operating margin | 9900 | -€3,247 | -€729 | +€2,518 | +77.6% |
| Operating profit (loss) | 9901 | -€3,247 | -€729 | +€2,518 | +77.6% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €1,802 | €1,454 | -€348 | -19.3% |
| Recurring financial charges | 65 | €1,802 | €1,454 | -€348 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,049 | -€2,093 | +€2,956 | +58.6% |
| Profit (loss) for the period | 9904 | -€5,049 | -€2,093 | +€2,956 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,049 | -€2,093 | +€2,956 | +58.6% |
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 6 October 2026 via checked.be.