IMMO PAULY: 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 PAULY
Largest movements
- Cash -€17,508
down €17,508 (-12.3%), from €141,920 to €124,412
mainly Other debts (-€50,404) and Investment in fixed assets (net) (-€618)
- Receivables within one year -€3,103
down €3,103 (-6.0%), from €51,484 to €48,381
of which Trade receivables: -€2,913
- Other debts -€50,404
down €50,404 (-65.8%), from €76,634 to €26,230
- Reserves +€28,357
up €28,357 (+52.4%), from €54,152 to €82,509
- Turnover +€18,699
up €18,699 (+24.4%), from €76,512 to €95,211
- Gross operating margin +€10,062
up €10,062 (+30.9%), from €32,553 to €42,615
- Purchases and services +€8,216
up €8,216 (+18.5%), from €44,380 to €52,596
- Taxes +€4,541
up €4,541 (+44.7%), from €10,149 to €14,690
- Write-downs -€1,733
down €1,733 (-100%), from €1,733 to €0
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 | €199,136 | €178,769 | -€20,367 | -10.2% |
| Fixed assets | 21/28 | €49 | €548 | +€499 | +1,018% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €49 | €548 | +€499 | +1,018% |
| Plant, machinery and equipment | 23 | €49 | €548 | +€499 | +1,018% |
| Current assets | 29/58 | €199,087 | €178,221 | -€20,866 | -10.5% |
| Amounts receivable within one year | 40/41 | €51,484 | €48,381 | -€3,103 | -6.0% |
| Trade receivables | 40 | €44,843 | €41,930 | -€2,913 | -6.5% |
| Other amounts receivable | 41 | €6,641 | €6,451 | -€190 | -2.9% |
| Cash at bank and in hand | 54/58 | €141,920 | €124,412 | -€17,508 | -12.3% |
| Deferred charges and accrued income | 490/1 | €5,683 | €5,428 | -€255 | -4.5% |
| Total equity and liabilities | 10/49 | €199,136 | €178,769 | -€20,367 | -10.2% |
| Equity | 10/15 | €110,341 | €138,698 | +€28,357 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,152 | €82,509 | +€28,357 | +52.4% |
| Non-distributable reserves | 130/1 | €54,152 | €82,509 | +€28,357 | +52.4% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €52,292 | €80,649 | +€28,357 | +54.2% |
| Profit (loss) carried forward | 14 | €37,589 | €37,589 | = | 0.0% |
| Amounts payable | 17/49 | €88,795 | €40,071 | -€48,724 | -54.9% |
| Amounts payable after more than one year | 17 | €5,975 | €5,975 | = | 0.0% |
| Other amounts payable | 178/9 | €5,975 | €5,975 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,820 | €34,096 | -€48,724 | -58.8% |
| Trade debts | 44 | €0 | €1,437 | +€1,437 | |
| Suppliers | 440/4 | €0 | €1,437 | +€1,437 | |
| Taxes, remuneration and social security | 45 | €6,186 | €6,429 | +€243 | +3.9% |
| Taxes | 450/3 | €6,186 | €6,429 | +€243 | +3.9% |
| Other amounts payable | 47/48 | €76,634 | €26,230 | -€50,404 | -65.8% |
| Turnover | 70 | €76,512 | €95,211 | +€18,699 | +24.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,380 | €52,596 | +€8,216 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €119 | -€6 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,733 | €0 | -€1,733 | -100% |
| Other operating charges | 640/8 | €2,877 | €1,521 | -€1,356 | -47.1% |
| Gross operating margin | 9900 | €32,553 | €42,615 | +€10,062 | +30.9% |
| Operating profit (loss) | 9901 | €27,818 | €40,975 | +€13,157 | +47.3% |
| Financial income | 75/76B | €751 | €2,267 | +€1,516 | +202% |
| Recurring financial income | 75 | €751 | €2,267 | +€1,516 | +202% |
| Financial charges | 65/66B | €219 | €195 | -€24 | -11.0% |
| Recurring financial charges | 65 | €219 | €195 | -€24 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €28,350 | €43,047 | +€14,697 | +51.8% |
| Income taxes | 67/77 | €10,149 | €14,690 | +€4,541 | +44.7% |
| Profit (loss) for the period | 9904 | €18,201 | €28,357 | +€10,156 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,201 | €28,357 | +€10,156 | +55.8% |
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.