PAGE IMMO: 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.
PAGE IMMO
Largest movements
- Deferred charges and accrued income +€15,000
up €15,000 (+131.6%), from €11,400 to €26,400
- Tangible fixed assets -€14,223
down €14,223 (-3.9%), from €365,583 to €351,361
- Debts after one year +€5,755
up €5,755 (+4.3%), from €133,668 to €139,423
- Gross operating margin +€2,127
up €2,127 (+22.1%), from €9,604 to €11,731
- Other operating charges -€1,808
down €1,808 (-81.6%), from €2,216 to €408
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 | €377,784 | €378,515 | +€731 | +0.2% |
| Fixed assets | 21/28 | €365,583 | €351,361 | -€14,223 | -3.9% |
| Tangible fixed assets | 22/27 | €365,583 | €351,361 | -€14,223 | -3.9% |
| Land and buildings | 22 | €365,583 | €351,361 | -€14,223 | -3.9% |
| Current assets | 29/58 | €12,200 | €27,154 | +€14,954 | +122.6% |
| Cash at bank and in hand | 54/58 | €800 | €754 | -€46 | -5.7% |
| Deferred charges and accrued income | 490/1 | €11,400 | €26,400 | +€15,000 | +131.6% |
| Total equity and liabilities | 10/49 | €377,784 | €378,515 | +€731 | +0.2% |
| Equity | 10/15 | €236,601 | €233,654 | -€2,946 | -1.2% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,399 | -€131,346 | -€2,946 | -2.3% |
| Amounts payable | 17/49 | €141,183 | €144,861 | +€3,678 | +2.6% |
| Amounts payable after more than one year | 17 | €133,668 | €139,423 | +€5,755 | +4.3% |
| Financial debts | 170/4 | €133,668 | €139,423 | +€5,755 | +4.3% |
| Amounts payable within one year | 42/48 | €7,515 | €5,438 | -€2,078 | -27.6% |
| Trade debts | 44 | €7,399 | €5,322 | -€2,078 | -28.1% |
| Suppliers | 440/4 | €7,399 | €5,322 | -€2,078 | -28.1% |
| Other amounts payable | 47/48 | €116 | €116 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,223 | €14,223 | = | 0.0% |
| Other operating charges | 640/8 | €2,216 | €408 | -€1,808 | -81.6% |
| Gross operating margin | 9900 | €9,604 | €11,731 | +€2,127 | +22.1% |
| Operating profit (loss) | 9901 | -€6,835 | -€2,900 | +€3,935 | +57.6% |
| Financial charges | 65/66B | €42 | €46 | +€4 | +8.4% |
| Recurring financial charges | 65 | €42 | €46 | +€4 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,877 | -€2,946 | +€3,931 | +57.2% |
| Profit (loss) for the period | 9904 | -€6,877 | -€2,946 | +€3,931 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,877 | -€2,946 | +€3,931 | +57.2% |
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.