PARK 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.
PARK IMMO
Largest movements
- Tangible fixed assets +€293,033
up €293,033 (+14.1%), from €2.1m to €2.4m
- Current investments -€200,000
no longer reported in 2023 (was €200,000)
- Cash -€161,190
down €161,190 (-56.2%), from €286,682 to €125,492
mainly Debts after one year (-€1.1m) and Investment in fixed assets (net) (-€389,709)
- Other debts +€1.2m
up €1.2m (+646.7%), from €187,500 to €1.4m
- Debts after one year -€1.1m
down €1.1m (-96.1%), from €1.2m to €45,825
of which Financial debts: -€1.1m
- Current portion of long-term debt -€158,095
no longer reported in 2023 (was €158,095)
- Reserves +€129,035
up €129,035 (+822.9%), from €15,680 to €144,715
- Trade debts -€102,841
down €102,841 (-91.9%), from €111,879 to €9,038
- Gross operating margin +€151,455
up €151,455 (+50.9%), from €297,444 to €448,899
- Other operating charges +€84,364
up €84,364 (+271.4%), from €31,087 to €115,451
- Financial charges +€31,330
up €31,330 (+92.3%), from €33,945 to €65,275
- Depreciation +€29,621
up €29,621 (+45.1%), from €65,655 to €95,276
- Staff costs -€22,726
down €22,726 (-96.6%), from €23,517 to €791
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,618,822 | €2,548,102 | -€70,720 | -2.7% |
| Fixed assets | 21/28 | €2,076,092 | €2,370,525 | +€294,433 | +14.2% |
| Tangible fixed assets | 22/27 | €2,076,092 | €2,369,125 | +€293,033 | +14.1% |
| Land and buildings | 22 | €2,076,092 | €2,369,125 | +€293,033 | +14.1% |
| Financial fixed assets | 28 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €542,730 | €177,577 | -€365,153 | -67.3% |
| Amounts receivable within one year | 40/41 | €56,049 | €51,385 | -€4,664 | -8.3% |
| Trade receivables | 40 | €18,120 | €46,208 | +€28,088 | +155.0% |
| Other amounts receivable | 41 | €37,928 | €5,177 | -€32,751 | -86.4% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €286,682 | €125,492 | -€161,190 | -56.2% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €2,618,822 | €2,548,102 | -€70,720 | -2.7% |
| Equity | 10/15 | €962,143 | €1,091,178 | +€129,035 | +13.4% |
| Contributions | 10/11 | €156,800 | €156,800 | = | 0.0% |
| Reserves | 13 | €15,680 | €144,715 | +€129,035 | +822.9% |
| Distributable reserves | 133 | €15,680 | €144,715 | +€129,035 | +822.9% |
| Profit (loss) carried forward | 14 | €789,663 | €789,663 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,656,680 | €1,456,924 | -€199,756 | -12.1% |
| Amounts payable after more than one year | 17 | €1,171,961 | €45,825 | -€1.1m | -96.1% |
| Financial debts | 170/4 | €1,126,135 | - | -€1.1m | |
| Other amounts payable | 178/9 | €45,825 | €45,825 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €482,894 | €1,411,099 | +€928,205 | +192.2% |
| Current portion of amounts payable after more than one year | 42 | €158,095 | - | -€158,095 | |
| Trade debts | 44 | €111,879 | €9,038 | -€102,841 | -91.9% |
| Suppliers | 440/4 | €111,879 | €9,038 | -€102,841 | -91.9% |
| Advances received on contracts in progress | 46 | €18,702 | - | -€18,702 | |
| Taxes, remuneration and social security | 45 | €6,718 | €2,061 | -€4,657 | -69.3% |
| Taxes | 450/3 | €254 | €2,061 | +€1,807 | +711.4% |
| Remuneration and social security | 454/9 | €6,464 | - | -€6,464 | |
| Other amounts payable | 47/48 | €187,500 | €1,400,000 | +€1.2m | +646.7% |
| Accrued charges and deferred income | 492/3 | €1,825 | - | -€1,825 | |
| Remuneration, social security and pensions | 62 | €23,517 | €791 | -€22,726 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,655 | €95,276 | +€29,621 | +45.1% |
| Other operating charges | 640/8 | €31,087 | €115,451 | +€84,364 | +271.4% |
| Gross operating margin | 9900 | €297,444 | €448,899 | +€151,455 | +50.9% |
| Operating profit (loss) | 9901 | €177,185 | €237,381 | +€60,196 | +34.0% |
| Financial income | 75/76B | €1,321 | €824 | -€497 | -37.6% |
| Recurring financial income | 75 | €1,321 | €824 | -€497 | -37.6% |
| Financial charges | 65/66B | €33,945 | €65,275 | +€31,330 | +92.3% |
| Recurring financial charges | 65 | €33,945 | €65,275 | +€31,330 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €144,561 | €172,930 | +€28,369 | +19.6% |
| Income taxes | 67/77 | €36,630 | €43,895 | +€7,265 | +19.8% |
| Profit (loss) for the period | 9904 | €107,931 | €129,035 | +€21,104 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €107,931 | €129,035 | +€21,104 | +19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.