PALLA 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.
PALLA IMMO
Largest movements
- Tangible fixed assets -€34,408
down €34,408 (-3.2%), from €1.1m to €1.0m
of which Land and buildings: -€34,068
- Cash -€12,799
down €12,799 (-44.0%), from €29,065 to €16,266
mainly Current portion of long-term debt (-€25,720) and Debts after one year (-€20,000)
- Current portion of long-term debt -€25,720
down €25,720 (-100.0%), from €25,720 to €0
- Debts after one year -€20,000
down €20,000 (-3.9%), from €518,273 to €498,273
- Gross operating margin +€9,539
up €9,539 (+15.3%), from €62,147 to €71,687
- Depreciation +€1,353
up €1,353 (+2.9%), from €45,939 to €47,293
- Financial charges -€1,124
down €1,124 (-6.7%), from €16,711 to €15,588
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 | €1,114,550 | €1,068,374 | -€46,176 | -4.1% |
| Fixed assets | 21/28 | €1,083,321 | €1,048,912 | -€34,408 | -3.2% |
| Tangible fixed assets | 22/27 | €1,081,593 | €1,047,184 | -€34,408 | -3.2% |
| Land and buildings | 22 | €1,081,232 | €1,047,164 | -€34,068 | -3.2% |
| Furniture and vehicles | 24 | €360 | €20 | -€340 | -94.3% |
| Financial fixed assets | 28 | €1,728 | €1,728 | = | 0.0% |
| Current assets | 29/58 | €31,229 | €19,462 | -€11,767 | -37.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,065 | €16,266 | -€12,799 | -44.0% |
| Deferred charges and accrued income | 490/1 | €2,164 | €3,196 | +€1,032 | +47.7% |
| Total equity and liabilities | 10/49 | €1,114,550 | €1,068,374 | -€46,176 | -4.1% |
| Equity | 10/15 | €480,255 | €478,540 | -€1,715 | -0.4% |
| Contributions | 10/11 | €519,800 | €519,800 | = | 0.0% |
| Reserves | 13 | €87,844 | €84,128 | -€3,717 | -4.2% |
| Tax-exempt reserves | 132 | €82,646 | €78,930 | -€3,717 | -4.5% |
| Distributable reserves | 133 | €5,198 | €5,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,389 | -€125,388 | +€2,001 | +1.6% |
| Provisions and deferred taxes | 16 | €27,548 | €26,309 | -€1,239 | -4.5% |
| Deferred taxes | 168 | €27,548 | €26,309 | -€1,239 | -4.5% |
| Amounts payable | 17/49 | €606,746 | €563,525 | -€43,222 | -7.1% |
| Amounts payable after more than one year | 17 | €518,273 | €498,273 | -€20,000 | -3.9% |
| Financial debts | 170/4 | €518,273 | €498,273 | -€20,000 | -3.9% |
| Amounts payable within one year | 42/48 | €83,373 | €63,686 | -€19,687 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €25,720 | €0 | -€25,720 | -100.0% |
| Trade debts | 44 | €76 | €435 | +€359 | +475.4% |
| Suppliers | 440/4 | €76 | €435 | +€359 | +475.4% |
| Taxes, remuneration and social security | 45 | €1,627 | €1,652 | +€25 | +1.5% |
| Taxes | 450/3 | €1,027 | €1,052 | +€25 | +2.5% |
| Remuneration and social security | 454/9 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €55,951 | €61,600 | +€5,649 | +10.1% |
| Accrued charges and deferred income | 492/3 | €5,100 | €1,565 | -€3,535 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,939 | €47,293 | +€1,353 | +2.9% |
| Other operating charges | 640/8 | €11,811 | €11,422 | -€388 | -3.3% |
| Gross operating margin | 9900 | €62,147 | €71,687 | +€9,539 | +15.3% |
| Operating profit (loss) | 9901 | €4,397 | €12,972 | +€8,575 | +195.0% |
| Financial charges | 65/66B | €16,711 | €15,588 | -€1,124 | -6.7% |
| Recurring financial charges | 65 | €16,711 | €15,588 | -€1,124 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,314 | -€2,615 | +€9,699 | +78.8% |
| Transfer from deferred taxes | 780 | €1,239 | €1,239 | = | 0.0% |
| Income taxes | 67/77 | €326 | €339 | +€13 | +4.0% |
| Profit (loss) for the period | 9904 | -€11,401 | -€1,715 | +€9,686 | +85.0% |
| Transfer from tax-exempt reserves | 789 | €3,717 | €3,717 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,684 | €2,001 | +€9,686 |
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 4 October 2026 via checked.be.