PAZART 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.
PAZART IMMO
Largest movements
- Cash +€69,480
up €69,480 (+137%), from €50,590 to €120,070
mainly Receivables within one year (+€36,603) and Other debts (+€23,117)
- Receivables within one year -€36,603
down €36,603 (-55.0%), from €66,603 to €30,000
of which Other amounts receivable: -€32,582
- Tangible fixed assets -€9,419
down €9,419 (-2.2%), from €436,955 to €427,536
- Other debts +€23,117
up €23,117 (+77.4%), from €29,880 to €52,997
- Profit (loss) carried forward +€20,515
up €20,515 (+17.3%), from -€118,750 to -€98,235
- Accrued charges and deferred income -€11,000
down €11,000 (-78.5%), from €14,019 to €3,018
- Provisions -€9,175
down €9,175 (-2.6%), from €350,000 to €340,826
- Write-downs -€9,175
new in 2025: -€9,175
- Gross operating margin +€4,588
up €4,588 (+12.0%), from €38,176 to €42,764
- Financial charges +€3,936
up €3,936 (+27.5%), from €14,302 to €18,238
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 | €554,899 | €578,356 | +€23,457 | +4.2% |
| Fixed assets | 21/28 | €437,705 | €428,286 | -€9,419 | -2.2% |
| Tangible fixed assets | 22/27 | €436,955 | €427,536 | -€9,419 | -2.2% |
| Land and buildings | 22 | €436,955 | €427,536 | -€9,419 | -2.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €117,194 | €150,070 | +€32,877 | +28.1% |
| Amounts receivable within one year | 40/41 | €66,603 | €30,000 | -€36,603 | -55.0% |
| Trade receivables | 40 | €4,022 | - | -€4,022 | |
| Other amounts receivable | 41 | €62,582 | €30,000 | -€32,582 | -52.1% |
| Cash at bank and in hand | 54/58 | €50,590 | €120,070 | +€69,480 | +137% |
| Total equity and liabilities | 10/49 | €554,899 | €578,356 | +€23,457 | +4.2% |
| Equity | 10/15 | €161,000 | €181,515 | +€20,515 | +12.7% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Revaluation surpluses | 12 | €243,750 | €243,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,750 | -€98,235 | +€20,515 | +17.3% |
| Provisions and deferred taxes | 16 | €350,000 | €340,826 | -€9,175 | -2.6% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €340,826 | -€9,175 | -2.6% |
| Other liabilities and charges | 164/5 | €350,000 | €340,826 | -€9,175 | -2.6% |
| Amounts payable | 17/49 | €43,899 | €56,016 | +€12,117 | +27.6% |
| Amounts payable within one year | 42/48 | €29,880 | €52,997 | +€23,117 | +77.4% |
| Other amounts payable | 47/48 | €29,880 | €52,997 | +€23,117 | +77.4% |
| Accrued charges and deferred income | 492/3 | €14,019 | €3,018 | -€11,000 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,522 | €9,419 | -€103 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,175 | -€9,175 | |
| Other operating charges | 640/8 | €3,669 | €3,767 | +€98 | +2.7% |
| Gross operating margin | 9900 | €38,176 | €42,764 | +€4,588 | +12.0% |
| Operating profit (loss) | 9901 | €24,985 | €38,752 | +€13,767 | +55.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €14,302 | €18,238 | +€3,936 | +27.5% |
| Recurring financial charges | 65 | €14,302 | €18,238 | +€3,936 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €10,683 | €20,515 | +€9,832 | +92.0% |
| Profit (loss) for the period | 9904 | €10,683 | €20,515 | +€9,832 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,683 | €20,515 | +€9,832 | +92.0% |
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 19 October 2026 via checked.be.