IMMO PATHI: 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 PATHI
Largest movements
- Receivables within one year +€71,106
up €71,106 (+93.0%), from €76,469 to €147,575
- Tangible fixed assets -€56,101
down €56,101 (-3.6%), from €1.6m to €1.5m
- Cash -€47,282
down €47,282 (-74.1%), from €63,773 to €16,491
mainly Debts after one year (-€90,521) and Receivables within one year (-€71,106)
- Debts after one year -€90,521
down €90,521 (-28.3%), from €319,920 to €229,399
- Profit (loss) carried forward +€49,592
up €49,592 (+17.5%), from €284,006 to €333,598
- Gross operating margin +€27,434
up €27,434 (+21.4%), from €127,978 to €155,412
- Taxes +€13,073
up €13,073 (+233.2%), from €5,606 to €18,679
- Financial charges -€2,352
down €2,352 (-20.2%), from €11,629 to €9,277
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,724,946 | €1,693,989 | -€30,957 | -1.8% |
| Fixed assets | 21/28 | €1,576,051 | €1,519,950 | -€56,101 | -3.6% |
| Tangible fixed assets | 22/27 | €1,569,863 | €1,513,762 | -€56,101 | -3.6% |
| Land and buildings | 22 | €1,569,863 | €1,513,762 | -€56,101 | -3.6% |
| Financial fixed assets | 28 | €6,188 | €6,188 | = | 0.0% |
| Current assets | 29/58 | €148,895 | €174,039 | +€25,144 | +16.9% |
| Amounts receivable within one year | 40/41 | €76,469 | €147,575 | +€71,106 | +93.0% |
| Other amounts receivable | 41 | €76,469 | €147,575 | +€71,106 | +93.0% |
| Cash at bank and in hand | 54/58 | €63,773 | €16,491 | -€47,282 | -74.1% |
| Deferred charges and accrued income | 490/1 | €8,653 | €9,973 | +€1,320 | +15.3% |
| Total equity and liabilities | 10/49 | €1,724,946 | €1,693,989 | -€30,957 | -1.8% |
| Equity | 10/15 | €864,362 | €916,337 | +€51,975 | +6.0% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €250,356 | €252,739 | +€2,383 | +1.0% |
| Non-distributable reserves | 130/1 | €27,439 | €33,000 | +€5,561 | +20.3% |
| Legal reserve | 130 | €27,439 | €33,000 | +€5,561 | +20.3% |
| Tax-exempt reserves | 132 | €90,030 | €86,852 | -€3,178 | -3.5% |
| Distributable reserves | 133 | €132,887 | €132,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | €284,006 | €333,598 | +€49,592 | +17.5% |
| Provisions and deferred taxes | 16 | €46,358 | €44,722 | -€1,636 | -3.5% |
| Deferred taxes | 168 | €46,358 | €44,722 | -€1,636 | -3.5% |
| Amounts payable | 17/49 | €814,226 | €732,930 | -€81,296 | -10.0% |
| Amounts payable after more than one year | 17 | €319,920 | €229,399 | -€90,521 | -28.3% |
| Financial debts | 170/4 | €319,920 | €229,399 | -€90,521 | -28.3% |
| Amounts payable within one year | 42/48 | €494,306 | €503,531 | +€9,225 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €87,976 | €90,521 | +€2,545 | +2.9% |
| Trade debts | 44 | €2,000 | €2,000 | = | 0.0% |
| Suppliers | 440/4 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €6,680 | +€6,680 | |
| Taxes | 450/3 | - | €6,680 | +€6,680 | |
| Other amounts payable | 47/48 | €404,330 | €404,330 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,101 | €56,101 | = | 0.0% |
| Other operating charges | 640/8 | €20,230 | €21,016 | +€786 | +3.9% |
| Non-recurring operating charges | 66A | €22,409 | - | -€22,409 | |
| Gross operating margin | 9900 | €127,978 | €155,412 | +€27,434 | +21.4% |
| Operating profit (loss) | 9901 | €29,238 | €78,295 | +€49,057 | +167.8% |
| Financial charges | 65/66B | €11,629 | €9,277 | -€2,352 | -20.2% |
| Recurring financial charges | 65 | €11,629 | €9,277 | -€2,352 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €17,609 | €69,018 | +€51,409 | +291.9% |
| Transfer from deferred taxes | 780 | €1,636 | €1,636 | = | 0.0% |
| Income taxes | 67/77 | €5,606 | €18,679 | +€13,073 | +233.2% |
| Profit (loss) for the period | 9904 | €13,639 | €51,975 | +€38,336 | +281.1% |
| Transfer from tax-exempt reserves | 789 | €3,178 | €3,178 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,817 | €55,153 | +€38,336 | +228.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.