Immo Polat: 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.
Immo Polat
Largest movements
- Cash +€17,757
new in 2025: €17,757
mainly Net result for the year (+€18,777) and Other debts (+€17,144)
- Receivables within one year +€4,054
up €4,054 (+56.7%), from €7,156 to €11,210
of which Other amounts receivable: +€8,521
- Tangible fixed assets -€1,760
down €1,760 (-41.7%), from €4,224 to €2,464
of which Furniture and vehicles: -€1,302
- Intangible fixed assets -€530
down €530 (-20.0%), from €2,648 to €2,118
- Other debts +€17,144
up €17,144 (+759.7%), from €2,257 to €19,401
- Tax, wage and social debts +€6,391
up €6,391 (+186.4%), from €3,429 to €9,820
of which Taxes: +€7,241
- Profit (loss) carried forward -€2,720
down €2,720 (-100.0%), from €2,720 to €0
- Short-term financial debts -€899
down €899 (-100.0%), from €899 to €0
- Gross operating margin +€4,774
up €4,774 (+23.1%), from €20,684 to €25,458
- Taxes +€2,535
up €2,535 (+1468.2%), from €173 to €2,708
- Financial charges -€1,276
down €1,276 (-78.5%), from €1,626 to €350
- Depreciation +€655
up €655 (+25.0%), from €2,620 to €3,275
- Financial income +€423
up €423 (+3342.9%), from €13 to €436
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.
Cash bridge derived
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 | €16,164 | €35,990 | +€19,826 | +122.7% |
| Fixed assets | 21/28 | €7,872 | €5,582 | -€2,290 | -29.1% |
| Intangible fixed assets | 21 | €2,648 | €2,118 | -€530 | -20.0% |
| Tangible fixed assets | 22/27 | €4,224 | €2,464 | -€1,760 | -41.7% |
| Plant, machinery and equipment | 23 | €550 | €91 | -€458 | -83.4% |
| Furniture and vehicles | 24 | €3,674 | €2,373 | -€1,302 | -35.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €8,292 | €30,407 | +€22,116 | +266.7% |
| Amounts receivable within one year | 40/41 | €7,156 | €11,210 | +€4,054 | +56.7% |
| Trade receivables | 40 | €5,122 | €655 | -€4,467 | -87.2% |
| Other amounts receivable | 41 | €2,034 | €10,555 | +€8,521 | +418.8% |
| Cash at bank and in hand | 54/58 | - | €17,757 | +€17,757 | |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,440 | +€305 | +26.8% |
| Total equity and liabilities | 10/49 | €16,164 | €35,990 | +€19,826 | +122.7% |
| Equity | 10/15 | €8,720 | €6,000 | -€2,720 | -31.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,720 | €0 | -€2,720 | -100.0% |
| Amounts payable | 17/49 | €7,444 | €29,990 | +€22,546 | +302.9% |
| Amounts payable within one year | 42/48 | €7,444 | €29,990 | +€22,546 | +302.9% |
| Financial debts | 43 | €899 | €0 | -€899 | -100.0% |
| Credit institutions | 430/8 | €899 | €0 | -€899 | -100.0% |
| Trade debts | 44 | €858 | €769 | -€89 | -10.4% |
| Suppliers | 440/4 | €858 | €769 | -€89 | -10.4% |
| Taxes, remuneration and social security | 45 | €3,429 | €9,820 | +€6,391 | +186.4% |
| Taxes | 450/3 | €2,579 | €9,820 | +€7,241 | +280.7% |
| Remuneration and social security | 454/9 | €850 | €0 | -€850 | -100.0% |
| Other amounts payable | 47/48 | €2,257 | €19,401 | +€17,144 | +759.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,620 | €3,275 | +€655 | +25.0% |
| Other operating charges | 640/8 | €920 | €784 | -€136 | -14.8% |
| Gross operating margin | 9900 | €20,684 | €25,458 | +€4,774 | +23.1% |
| Operating profit (loss) | 9901 | €17,144 | €21,399 | +€4,255 | +24.8% |
| Financial income | 75/76B | €13 | €436 | +€423 | +3342.9% |
| Recurring financial income | 75 | €13 | €436 | +€423 | +3342.9% |
| Financial charges | 65/66B | €1,626 | €350 | -€1,276 | -78.5% |
| Recurring financial charges | 65 | €1,626 | €350 | -€1,276 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €15,530 | €21,484 | +€5,954 | +38.3% |
| Income taxes | 67/77 | €173 | €2,708 | +€2,535 | +1468.2% |
| Profit (loss) for the period | 9904 | €15,358 | €18,777 | +€3,419 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,358 | €18,777 | +€3,419 | +22.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.