IMMO PALOMA: 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.
IMMO PALOMA
Largest movements
- Cash -€100,214
down €100,214 (-48.6%), from €206,326 to €106,113
mainly Other debts (-€84,120) and Debts after one year (-€84,092)
- Tangible fixed assets -€32,423
down €32,423 (-2.0%), from €1.6m to €1.6m
of which Land and buildings: -€32,001
- Other debts -€84,120
down €84,120 (-24.4%), from €344,331 to €260,211
- Debts after one year -€84,092
down €84,092 (-10.2%), from €821,201 to €737,109
- Reserves +€62,784
up €62,784 (+8.0%), from €781,980 to €844,764
of which Distributable reserves: +€62,784
- Depreciation -€6,568
down €6,568 (-16.8%), from €38,991 to €32,423
- Gross operating margin +€3,013
up €3,013 (+1.5%), from €205,784 to €208,797
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 | €2,620,828 | €2,484,769 | -€136,059 | -5.2% |
| Fixed assets | 21/28 | €2,410,176 | €2,377,754 | -€32,423 | -1.3% |
| Tangible fixed assets | 22/27 | €1,591,446 | €1,559,024 | -€32,423 | -2.0% |
| Land and buildings | 22 | €1,591,024 | €1,559,024 | -€32,001 | -2.0% |
| Plant, machinery and equipment | 23 | €422 | €0 | -€422 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €818,730 | €818,730 | = | 0.0% |
| Current assets | 29/58 | €210,652 | €107,015 | -€103,637 | -49.2% |
| Amounts receivable within one year | 40/41 | €3,441 | - | -€3,441 | |
| Other amounts receivable | 41 | €3,441 | - | -€3,441 | |
| Cash at bank and in hand | 54/58 | €206,326 | €106,113 | -€100,214 | -48.6% |
| Deferred charges and accrued income | 490/1 | €885 | €903 | +€18 | +2.0% |
| Total equity and liabilities | 10/49 | €2,620,828 | €2,484,769 | -€136,059 | -5.2% |
| Equity | 10/15 | €881,980 | €944,764 | +€62,784 | +7.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €781,980 | €844,764 | +€62,784 | +8.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €771,980 | €834,764 | +€62,784 | +8.1% |
| Provisions and deferred taxes | 16 | €465,816 | €442,159 | -€23,657 | -5.1% |
| Provisions for liabilities and charges | 160/5 | €465,816 | €442,159 | -€23,657 | -5.1% |
| Environmental obligations | 163 | €465,816 | €442,159 | -€23,657 | -5.1% |
| Amounts payable | 17/49 | €1,273,032 | €1,097,846 | -€175,187 | -13.8% |
| Amounts payable after more than one year | 17 | €821,201 | €737,109 | -€84,092 | -10.2% |
| Financial debts | 170/4 | €821,201 | €737,109 | -€84,092 | -10.2% |
| Amounts payable within one year | 42/48 | €449,030 | €357,764 | -€91,266 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €88,303 | €89,033 | +€729 | +0.8% |
| Trade debts | 44 | €663 | €691 | +€28 | +4.3% |
| Suppliers | 440/4 | €663 | €691 | +€28 | +4.3% |
| Taxes, remuneration and social security | 45 | €15,733 | €7,829 | -€7,903 | -50.2% |
| Taxes | 450/3 | €15,733 | €7,829 | -€7,903 | -50.2% |
| Other amounts payable | 47/48 | €344,331 | €260,211 | -€84,120 | -24.4% |
| Accrued charges and deferred income | 492/3 | €2,802 | €2,974 | +€172 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,991 | €32,423 | -€6,568 | -16.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,958 | -€23,657 | +€301 | +1.3% |
| Other operating charges | 640/8 | €28,765 | €29,522 | +€757 | +2.6% |
| Gross operating margin | 9900 | €205,784 | €208,797 | +€3,013 | +1.5% |
| Operating profit (loss) | 9901 | €161,986 | €170,509 | +€8,523 | +5.3% |
| Financial charges | 65/66B | €78,410 | €77,464 | -€946 | -1.2% |
| Recurring financial charges | 65 | €78,410 | €77,464 | -€946 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €83,576 | €93,045 | +€9,469 | +11.3% |
| Income taxes | 67/77 | €28,506 | €30,261 | +€1,755 | +6.2% |
| Profit (loss) for the period | 9904 | €55,070 | €62,784 | +€7,714 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,070 | €62,784 | +€7,714 | +14.0% |
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 20 October 2026 via checked.be.