LE PAC IMMO: 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.
LE PAC IMMO
Largest movements
- Receivables within one year +€175,693
up €175,693 (+83.8%), from €209,616 to €385,309
- Tangible fixed assets -€121,763
down €121,763 (-4.4%), from €2.8m to €2.6m
of which Land and buildings: -€118,815
- Deferred charges and accrued income -€52,120
no longer reported in 2025 (was €52,120)
- Debts after one year -€170,993
down €170,993 (-8.1%), from €2.1m to €2.0m
- Profit (loss) carried forward +€121,196
up €121,196 (+21.0%), from €576,375 to €697,571
- Reserves +€63,150
up €63,150 (+107%), from €58,940 to €122,090
- Gross operating margin +€20,392
up €20,392 (+5.2%), from €390,009 to €410,401
- Taxes +€5,228
up €5,228 (+8.8%), from €59,353 to €64,582
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 | €3,041,148 | €3,038,969 | -€2,180 | -0.1% |
| Fixed assets | 21/28 | €2,763,355 | €2,641,593 | -€121,763 | -4.4% |
| Tangible fixed assets | 22/27 | €2,763,355 | €2,641,593 | -€121,763 | -4.4% |
| Land and buildings | 22 | €2,758,433 | €2,639,618 | -€118,815 | -4.3% |
| Furniture and vehicles | 24 | €4,923 | €1,974 | -€2,948 | -59.9% |
| Current assets | 29/58 | €277,793 | €397,376 | +€119,583 | +43.0% |
| Amounts receivable within one year | 40/41 | €209,616 | €385,309 | +€175,693 | +83.8% |
| Other amounts receivable | 41 | €209,616 | €385,309 | +€175,693 | +83.8% |
| Cash at bank and in hand | 54/58 | €16,057 | €12,067 | -€3,990 | -24.8% |
| Deferred charges and accrued income | 490/1 | €52,120 | - | -€52,120 | |
| Total equity and liabilities | 10/49 | €3,041,148 | €3,038,969 | -€2,180 | -0.1% |
| Equity | 10/15 | €655,315 | €839,661 | +€184,346 | +28.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €58,940 | €122,090 | +€63,150 | +107% |
| Tax-exempt reserves | 132 | €58,940 | €122,090 | +€63,150 | +107% |
| Profit (loss) carried forward | 14 | €576,375 | €697,571 | +€121,196 | +21.0% |
| Amounts payable | 17/49 | €2,385,833 | €2,199,308 | -€186,526 | -7.8% |
| Amounts payable after more than one year | 17 | €2,122,249 | €1,951,256 | -€170,993 | -8.1% |
| Financial debts | 170/4 | €2,122,249 | €1,951,256 | -€170,993 | -8.1% |
| Amounts payable within one year | 42/48 | €253,965 | €238,979 | -€14,986 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €168,227 | €170,993 | +€2,766 | +1.6% |
| Trade debts | 44 | €7,451 | €3,405 | -€4,046 | -54.3% |
| Suppliers | 440/4 | €7,451 | €3,405 | -€4,046 | -54.3% |
| Taxes, remuneration and social security | 45 | €78,287 | €49,582 | -€28,705 | -36.7% |
| Taxes | 450/3 | €78,287 | €49,582 | -€28,705 | -36.7% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €9,619 | €9,072 | -€547 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,570 | €121,763 | -€2,808 | -2.3% |
| Other operating charges | 640/8 | €8,041 | €9,525 | +€1,484 | +18.4% |
| Gross operating margin | 9900 | €390,009 | €410,401 | +€20,392 | +5.2% |
| Operating profit (loss) | 9901 | €257,397 | €279,113 | +€21,716 | +8.4% |
| Financial income | 75/76B | €8,330 | €7,463 | -€867 | -10.4% |
| Recurring financial income | 75 | €8,330 | €7,463 | -€867 | -10.4% |
| Financial charges | 65/66B | €40,708 | €37,648 | -€3,060 | -7.5% |
| Recurring financial charges | 65 | €40,708 | €37,648 | -€3,060 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €225,019 | €248,928 | +€23,909 | +10.6% |
| Income taxes | 67/77 | €59,353 | €64,582 | +€5,228 | +8.8% |
| Profit (loss) for the period | 9904 | €165,665 | €184,346 | +€18,681 | +11.3% |
| Transfer to tax-exempt reserves | 689 | €58,940 | €63,150 | +€4,210 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,725 | €121,196 | +€14,471 | +13.6% |
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 17 October 2026 via checked.be.