IMMOBILIERE DES PAGODES: 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.
IMMOBILIERE DES PAGODES
Largest movements
- Cash +€32,374
up €32,374 (+35.1%), from €92,135 to €124,509
mainly Net result for the year (+€36,851) and Tax, wage and social debts (+€11,179)
- Tangible fixed assets +€16,441
up €16,441 (+199%), from €8,243 to €24,684
- Reserves +€36,851
up €36,851 (+15.1%), from €243,496 to €280,347
- Tax, wage and social debts +€11,179
up €11,179 (+15.5%), from €72,139 to €83,318
- Gross operating margin -€255,742
down €255,742 (-89.5%), from €285,827 to €30,085
- Taxes -€115,094
down €115,094, from €105,338 to -€9,756
- Other operating charges -€13,562
down €13,562 (-54.8%), from €24,742 to €11,180
- Financial charges -€10,899
down €10,899 (-98.0%), from €11,125 to €226
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.
Derived cash bridge
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 | €298,315 | €347,928 | +€49,613 | +16.6% |
| Fixed assets | 21/28 | €8,243 | €24,684 | +€16,441 | +199% |
| Tangible fixed assets | 22/27 | €8,243 | €24,684 | +€16,441 | +199% |
| Land and buildings | 22 | €8,243 | €24,684 | +€16,441 | +199% |
| Current assets | 29/58 | €290,072 | €323,244 | +€33,172 | +11.4% |
| Amounts receivable within one year | 40/41 | €197,540 | €196,985 | -€555 | -0.3% |
| Trade receivables | 40 | €23,531 | - | -€23,531 | |
| Other amounts receivable | 41 | €174,009 | €196,985 | +€22,976 | +13.2% |
| Cash at bank and in hand | 54/58 | €92,135 | €124,509 | +€32,374 | +35.1% |
| Deferred charges and accrued income | 490/1 | €397 | €1,750 | +€1,353 | +341% |
| Total equity and liabilities | 10/49 | €298,315 | €347,928 | +€49,613 | +16.6% |
| Equity | 10/15 | €225,476 | €262,327 | +€36,851 | +16.3% |
| Contributions | 10/11 | €54,973 | €54,973 | +€0 | 0.0% |
| Reserves | 13 | €243,496 | €280,347 | +€36,851 | +15.1% |
| Distributable reserves | 133 | €243,496 | €280,347 | +€36,851 | +15.1% |
| Profit (loss) carried forward | 14 | -€72,993 | -€72,993 | +€0 | 0.0% |
| Amounts payable | 17/49 | €72,839 | €85,601 | +€12,762 | +17.5% |
| Amounts payable within one year | 42/48 | €72,139 | €84,901 | +€12,762 | +17.7% |
| Trade debts | 44 | - | €1,583 | +€1,583 | |
| Suppliers | 440/4 | - | €1,583 | +€1,583 | |
| Taxes, remuneration and social security | 45 | €72,139 | €83,318 | +€11,179 | +15.5% |
| Taxes | 450/3 | €72,139 | €83,318 | +€11,179 | +15.5% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €1,328 | +€1,106 | +498% |
| Other operating charges | 640/8 | €24,742 | €11,180 | -€13,562 | -54.8% |
| Gross operating margin | 9900 | €285,827 | €30,085 | -€255,742 | -89.5% |
| Operating profit (loss) | 9901 | €260,863 | €17,577 | -€243,286 | -93.3% |
| Financial income | 75/76B | €10,155 | €9,744 | -€411 | -4.1% |
| Recurring financial income | 75 | €10,155 | €9,744 | -€411 | -4.1% |
| Financial charges | 65/66B | €11,125 | €226 | -€10,899 | -98.0% |
| Recurring financial charges | 65 | €11,125 | €226 | -€10,899 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €259,893 | €27,095 | -€232,798 | -89.6% |
| Income taxes | 67/77 | €105,338 | -€9,756 | -€115,094 | |
| Profit (loss) for the period | 9904 | €154,555 | €36,851 | -€117,704 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,555 | €36,851 | -€117,704 | -76.2% |
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 16 October 2026 via checked.be.