STATION PALLEN IMMO: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
STATION PALLEN IMMO
Largest movements
- Receivables within one year -€593,225
down €593,225 (-74.3%), from €798,180 to €204,955
of which Trade receivables: -€495,208
- Cash +€82,949
up €82,949 (+129%), from €64,202 to €147,152
mainly Receivables within one year (+€593,225) and Net result for the year (+€187,413)
- Tangible fixed assets +€59,737
up €59,737 (+6.2%), from €957,311 to €1.0m
of which Furniture and vehicles: +€105,341
- Trade debts -€370,780
down €370,780 (-96.0%), from €386,233 to €15,453
- Other debts -€156,538
down €156,538 (-57.0%), from €274,497 to €117,959
- Profit (loss) carried forward +€87,685
up €87,685 (+35.0%), from €250,568 to €338,252
- Gross operating margin -€123,678
down €123,678 (-25.7%), from €480,831 to €357,154
- Write-downs -€118,881
no longer reported in 2025 (was €118,881)
- Staff costs -€108,302
no longer reported in 2025 (was €108,302)
- Other operating charges -€54,376
down €54,376 (-67.8%), from €80,144 to €25,768
- Taxes +€35,657
up €35,657 (+102%), from €34,860 to €70,517
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,820,378 | €1,375,918 | -€444,460 | -24.4% |
| Fixed assets | 21/28 | €957,996 | €1,017,733 | +€59,737 | +6.2% |
| Tangible fixed assets | 22/27 | €957,311 | €1,017,048 | +€59,737 | +6.2% |
| Land and buildings | 22 | €917,867 | €877,890 | -€39,977 | -4.4% |
| Plant, machinery and equipment | 23 | €3,937 | €1,284 | -€2,652 | -67.4% |
| Furniture and vehicles | 24 | €427 | €105,768 | +€105,341 | +24,671% |
| Other tangible fixed assets | 26 | €35,081 | €32,106 | -€2,975 | -8.5% |
| Financial fixed assets | 28 | €685 | €685 | = | 0.0% |
| Current assets | 29/58 | €862,382 | €358,186 | -€504,197 | -58.5% |
| Amounts receivable within one year | 40/41 | €798,180 | €204,955 | -€593,225 | -74.3% |
| Trade receivables | 40 | €647,219 | €152,011 | -€495,208 | -76.5% |
| Other amounts receivable | 41 | €150,961 | €52,944 | -€98,017 | -64.9% |
| Cash at bank and in hand | 54/58 | €64,202 | €147,152 | +€82,949 | +129% |
| Deferred charges and accrued income | 490/1 | - | €6,080 | +€6,080 | |
| Total equity and liabilities | 10/49 | €1,820,378 | €1,375,918 | -€444,460 | -24.4% |
| Equity | 10/15 | €937,922 | €1,041,334 | +€103,413 | +11.0% |
| Contributions | 10/11 | €148,800 | €148,800 | = | 0.0% |
| Capital | 10 | €148,800 | €148,800 | = | 0.0% |
| Issued capital | 100 | €148,800 | €148,800 | = | 0.0% |
| Reserves | 13 | €538,554 | €554,282 | +€15,728 | +2.9% |
| Non-distributable reserves | 130/1 | €14,880 | €14,880 | = | 0.0% |
| Legal reserve | 130 | €14,880 | €14,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,174 | €4,902 | -€272 | -5.3% |
| Distributable reserves | 133 | €518,500 | €534,500 | +€16,000 | +3.1% |
| Profit (loss) carried forward | 14 | €250,568 | €338,252 | +€87,685 | +35.0% |
| Provisions and deferred taxes | 16 | €2,427 | €2,299 | -€128 | -5.3% |
| Deferred taxes | 168 | €2,427 | €2,299 | -€128 | -5.3% |
| Amounts payable | 17/49 | €880,029 | €332,285 | -€547,745 | -62.2% |
| Amounts payable after more than one year | 17 | €123,717 | €107,186 | -€16,531 | -13.4% |
| Financial debts | 170/4 | €123,717 | €107,186 | -€16,531 | -13.4% |
| Amounts payable within one year | 42/48 | €756,312 | €225,099 | -€531,214 | -70.2% |
| Current portion of amounts payable after more than one year | 42 | €16,221 | €16,531 | +€310 | +1.9% |
| Financial debts | 43 | €30,426 | €20,000 | -€10,426 | -34.3% |
| Credit institutions | 430/8 | €30,426 | €20,000 | -€10,426 | -34.3% |
| Trade debts | 44 | €386,233 | €15,453 | -€370,780 | -96.0% |
| Suppliers | 440/4 | €386,233 | €15,453 | -€370,780 | -96.0% |
| Taxes, remuneration and social security | 45 | €48,934 | €55,155 | +€6,221 | +12.7% |
| Taxes | 450/3 | €48,934 | €55,155 | +€6,221 | +12.7% |
| Other amounts payable | 47/48 | €274,497 | €117,959 | -€156,538 | -57.0% |
| Non-recurring operating income | 76A | €81,458 | - | -€81,458 | |
| Remuneration, social security and pensions | 62 | €108,302 | - | -€108,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,737 | €52,860 | +€1,123 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €118,881 | - | -€118,881 | |
| Other operating charges | 640/8 | €80,144 | €25,768 | -€54,376 | -67.8% |
| Non-recurring operating charges | 66A | €68,530 | €15,956 | -€52,574 | -76.7% |
| Gross operating margin | 9900 | €480,831 | €357,154 | -€123,678 | -25.7% |
| Operating profit (loss) | 9901 | €53,238 | €262,570 | +€209,332 | +393% |
| Financial income | 75/76B | €20,149 | €3 | -€20,146 | -100.0% |
| Recurring financial income | 75 | €20,149 | €3 | -€20,146 | -100.0% |
| Financial charges | 65/66B | €13,346 | €4,772 | -€8,575 | -64.2% |
| Recurring financial charges | 65 | €13,346 | €4,772 | -€8,575 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €60,041 | €257,802 | +€197,761 | +329% |
| Transfer from deferred taxes | 780 | €128 | €128 | = | 0.0% |
| Income taxes | 67/77 | €34,860 | €70,517 | +€35,657 | +102% |
| Profit (loss) for the period | 9904 | €25,308 | €187,413 | +€162,104 | +641% |
| Transfer from tax-exempt reserves | 789 | €272 | €272 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,580 | €187,685 | +€162,104 | +634% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.