Immo Paso: 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 Paso
Largest movements
- Tangible fixed assets -€9,638
down €9,638 (-6.8%), from €140,885 to €131,247
of which Land and buildings: -€8,737
- Debts after one year -€14,520
down €14,520 (-44.8%), from €32,439 to €17,920
- Profit (loss) carried forward +€2,282
up €2,282 (+22.8%), from €10,027 to €12,309
- Gross operating margin +€6,154
up €6,154 (+51.9%), from €11,857 to €18,010
- Other operating charges +€879
up €879 (+32.9%), from €2,674 to €3,553
- Financial charges -€707
down €707 (-23.8%), from €2,972 to €2,265
- Depreciation -€339
down €339 (-3.4%), from €9,976 to €9,638
- Taxes +€273
new in 2025: €273
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 | €149,655 | €138,885 | -€10,771 | -7.2% |
| Fixed assets | 21/28 | €140,885 | €131,247 | -€9,638 | -6.8% |
| Tangible fixed assets | 22/27 | €140,885 | €131,247 | -€9,638 | -6.8% |
| Land and buildings | 22 | €135,773 | €127,036 | -€8,737 | -6.4% |
| Plant, machinery and equipment | 23 | €5,112 | €4,211 | -€901 | -17.6% |
| Current assets | 29/58 | €8,771 | €7,638 | -€1,133 | -12.9% |
| Cash at bank and in hand | 54/58 | €6,794 | €5,943 | -€851 | -12.5% |
| Deferred charges and accrued income | 490/1 | €1,976 | €1,695 | -€282 | -14.3% |
| Total equity and liabilities | 10/49 | €149,655 | €138,885 | -€10,771 | -7.2% |
| Equity | 10/15 | €87,707 | €89,989 | +€2,282 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,680 | €15,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €9,480 | €9,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,027 | €12,309 | +€2,282 | +22.8% |
| Amounts payable | 17/49 | €61,948 | €48,896 | -€13,053 | -21.1% |
| Amounts payable after more than one year | 17 | €32,439 | €17,920 | -€14,520 | -44.8% |
| Financial debts | 170/4 | €32,439 | €17,920 | -€14,520 | -44.8% |
| Amounts payable within one year | 42/48 | €29,509 | €30,976 | +€1,467 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €13,786 | €14,520 | +€734 | +5.3% |
| Trade debts | 44 | €223 | €683 | +€460 | +206.3% |
| Suppliers | 440/4 | €223 | €683 | +€460 | +206.3% |
| Taxes, remuneration and social security | 45 | - | €273 | +€273 | |
| Taxes | 450/3 | - | €273 | +€273 | |
| Other amounts payable | 47/48 | €15,501 | €15,501 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,976 | €9,638 | -€339 | -3.4% |
| Other operating charges | 640/8 | €2,674 | €3,553 | +€879 | +32.9% |
| Gross operating margin | 9900 | €11,857 | €18,010 | +€6,154 | +51.9% |
| Operating profit (loss) | 9901 | -€794 | €4,820 | +€5,614 | |
| Financial charges | 65/66B | €2,972 | €2,265 | -€707 | -23.8% |
| Recurring financial charges | 65 | €2,972 | €2,265 | -€707 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,766 | €2,555 | +€6,320 | |
| Income taxes | 67/77 | - | €273 | +€273 | |
| Profit (loss) for the period | 9904 | -€3,766 | €2,282 | +€6,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,766 | €2,282 | +€6,048 |
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.