IMMO PAT: 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.
IMMO PAT
Largest movements
- Tangible fixed assets -€30,492
down €30,492 (-8.1%), from €378,155 to €347,663
- Debts after one year -€31,033
down €31,033 (-15.3%), from €202,908 to €171,875
of which Financial debts: -€31,033
- Gross operating margin +€7,021
up €7,021 (+18.4%), from €38,190 to €45,211
- Financial charges -€557
down €557 (-11.8%), from €4,723 to €4,166
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 | €413,574 | €386,556 | -€27,018 | -6.5% |
| Fixed assets | 21/28 | €378,155 | €347,663 | -€30,492 | -8.1% |
| Tangible fixed assets | 22/27 | €378,155 | €347,663 | -€30,492 | -8.1% |
| Land and buildings | 22 | €378,155 | €347,663 | -€30,492 | -8.1% |
| Current assets | 29/58 | €35,419 | €38,893 | +€3,474 | +9.8% |
| Cash at bank and in hand | 54/58 | €35,419 | €38,893 | +€3,474 | +9.8% |
| Total equity and liabilities | 10/49 | €413,574 | €386,556 | -€27,018 | -6.5% |
| Equity | 10/15 | -€52,217 | -€49,076 | +€3,141 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,817 | -€67,676 | +€3,141 | +4.4% |
| Amounts payable | 17/49 | €465,791 | €435,632 | -€30,159 | -6.5% |
| Amounts payable after more than one year | 17 | €202,908 | €171,875 | -€31,033 | -15.3% |
| Financial debts | 170/4 | €199,710 | €168,677 | -€31,033 | -15.5% |
| Other amounts payable | 178/9 | €3,198 | €3,198 | = | 0.0% |
| Amounts payable within one year | 42/48 | €262,883 | €263,757 | +€874 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €30,456 | €31,033 | +€577 | +1.9% |
| Other amounts payable | 47/48 | €232,427 | €232,724 | +€297 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,492 | €30,492 | = | 0.0% |
| Other operating charges | 640/8 | €7,198 | €7,412 | +€214 | +3.0% |
| Gross operating margin | 9900 | €38,190 | €45,211 | +€7,021 | +18.4% |
| Operating profit (loss) | 9901 | €500 | €7,307 | +€6,807 | +1361.4% |
| Financial charges | 65/66B | €4,723 | €4,166 | -€557 | -11.8% |
| Recurring financial charges | 65 | €4,723 | €4,166 | -€557 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,223 | €3,141 | +€7,364 | |
| Profit (loss) for the period | 9904 | -€4,223 | €3,141 | +€7,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,223 | €3,141 | +€7,364 |
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 12 October 2026 via checked.be.