Papet Immo: 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.
Papet Immo
Largest movements
- Tangible fixed assets -€20,884
down €20,884 (-8.7%), from €240,534 to €219,651
- Contributions -€24,828
down €24,828 (-9.8%), from €253,591 to €228,763
- Profit (loss) carried forward +€3,015
up €3,015 (+25.2%), from €11,972 to €14,987
- Taxes +€372
up €372 (+32.3%), from €1,152 to €1,524
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 | €266,715 | €245,274 | -€21,441 | -8.0% |
| Fixed assets | 21/28 | €240,534 | €219,651 | -€20,884 | -8.7% |
| Tangible fixed assets | 22/27 | €240,534 | €219,651 | -€20,884 | -8.7% |
| Land and buildings | 22 | €240,534 | €219,651 | -€20,884 | -8.7% |
| Current assets | 29/58 | €26,181 | €25,623 | -€557 | -2.1% |
| Cash at bank and in hand | 54/58 | €26,181 | €25,623 | -€557 | -2.1% |
| Total equity and liabilities | 10/49 | €266,715 | €245,274 | -€21,441 | -8.0% |
| Equity | 10/15 | €265,563 | €243,750 | -€21,813 | -8.2% |
| Contributions | 10/11 | €253,591 | €228,763 | -€24,828 | -9.8% |
| Profit (loss) carried forward | 14 | €11,972 | €14,987 | +€3,015 | +25.2% |
| Amounts payable | 17/49 | €1,152 | €1,524 | +€372 | +32.3% |
| Amounts payable within one year | 42/48 | €1,152 | €1,524 | +€372 | +32.3% |
| Taxes, remuneration and social security | 45 | €1,152 | €1,524 | +€372 | +32.3% |
| Taxes | 450/3 | €1,152 | €1,524 | +€372 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,884 | €20,884 | = | 0.0% |
| Other operating charges | 640/8 | €2,171 | €2,203 | +€32 | +1.5% |
| Gross operating margin | 9900 | €29,542 | €29,524 | -€18 | -0.1% |
| Operating profit (loss) | 9901 | €6,487 | €6,437 | -€49 | -0.8% |
| Financial charges | 65/66B | €726 | €726 | = | 0.0% |
| Recurring financial charges | 65 | €726 | €726 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,761 | €5,711 | -€49 | -0.9% |
| Income taxes | 67/77 | €1,152 | €1,524 | +€372 | +32.3% |
| Profit (loss) for the period | 9904 | €4,609 | €4,187 | -€421 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,609 | €4,187 | -€421 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.