PAULUS IMMO: 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.
PAULUS IMMO
Largest movements
- Receivables within one year -€311,132
down €311,132 (-66.0%), from €471,621 to €160,489
of which Other amounts receivable: -€316,199
- Tangible fixed assets -€256,458
down €256,458 (-50.0%), from €512,868 to €256,411
of which Land and buildings: -€226,035
- Cash +€200,131
up €200,131 (+67.7%), from €295,574 to €495,705
mainly Receivables within one year (+€311,132) and Depreciation (+€256,458)
- Other debts -€365,000
down €365,000 (-100.0%), from €365,000 to €0
- Profit (loss) carried forward +€242,367
up €242,367 (+43.4%), from €558,325 to €800,691
- Debts after one year -€133,099
down €133,099 (-29.9%), from €444,429 to €311,330
- Current portion of long-term debt -€58,095
down €58,095 (-31.1%), from €186,930 to €128,834
- Trade debts -€52,592
down €52,592 (-38.1%), from €137,926 to €85,334
- Gross operating margin +€107,734
up €107,734 (+20.3%), from €530,284 to €638,018
- Taxes +€27,597
up €27,597 (+50.3%), from €54,901 to €82,498
- Financial income -€14,440
down €14,440 (-51.0%), from €28,307 to €13,867
- Financial charges -€12,900
down €12,900 (-24.6%), from €52,351 to €39,451
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 | €1,749,954 | €1,396,035 | -€353,919 | -20.2% |
| Fixed assets | 21/28 | €512,868 | €256,411 | -€256,458 | -50.0% |
| Tangible fixed assets | 22/27 | €512,868 | €256,411 | -€256,458 | -50.0% |
| Land and buildings | 22 | €338,084 | €112,049 | -€226,035 | -66.9% |
| Plant, machinery and equipment | 23 | €174,784 | €144,362 | -€30,423 | -17.4% |
| Current assets | 29/58 | €1,237,086 | €1,139,625 | -€97,461 | -7.9% |
| Amounts receivable after more than one year | 29 | €462,229 | €476,096 | +€13,867 | +3.0% |
| Other amounts receivable | 291 | €462,229 | €476,096 | +€13,867 | +3.0% |
| Amounts receivable within one year | 40/41 | €471,621 | €160,489 | -€311,132 | -66.0% |
| Trade receivables | 40 | €155,422 | €160,489 | +€5,067 | +3.3% |
| Other amounts receivable | 41 | €316,199 | €0 | -€316,199 | -100.0% |
| Cash at bank and in hand | 54/58 | €295,574 | €495,705 | +€200,131 | +67.7% |
| Deferred charges and accrued income | 490/1 | €7,662 | €7,335 | -€327 | -4.3% |
| Total equity and liabilities | 10/49 | €1,749,954 | €1,396,035 | -€353,919 | -20.2% |
| Equity | 10/15 | €580,325 | €822,691 | +€242,367 | +41.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €558,325 | €800,691 | +€242,367 | +43.4% |
| Amounts payable | 17/49 | €1,169,629 | €573,344 | -€596,285 | -51.0% |
| Amounts payable after more than one year | 17 | €444,429 | €311,330 | -€133,099 | -29.9% |
| Financial debts | 170/4 | €444,429 | €311,330 | -€133,099 | -29.9% |
| Amounts payable within one year | 42/48 | €724,936 | €262,014 | -€462,922 | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €186,930 | €128,834 | -€58,095 | -31.1% |
| Trade debts | 44 | €137,926 | €85,334 | -€52,592 | -38.1% |
| Suppliers | 440/4 | €137,926 | €85,334 | -€52,592 | -38.1% |
| Taxes, remuneration and social security | 45 | €35,080 | €47,845 | +€12,765 | +36.4% |
| Taxes | 450/3 | €35,080 | €47,845 | +€12,765 | +36.4% |
| Other amounts payable | 47/48 | €365,000 | €0 | -€365,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €264 | €0 | -€264 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,458 | €256,458 | = | 0.0% |
| Other operating charges | 640/8 | €30,178 | €31,111 | +€934 | +3.1% |
| Gross operating margin | 9900 | €530,284 | €638,018 | +€107,734 | +20.3% |
| Operating profit (loss) | 9901 | €243,648 | €350,449 | +€106,800 | +43.8% |
| Financial income | 75/76B | €28,307 | €13,867 | -€14,440 | -51.0% |
| Recurring financial income | 75 | €28,307 | €13,867 | -€14,440 | -51.0% |
| Financial charges | 65/66B | €52,351 | €39,451 | -€12,900 | -24.6% |
| Recurring financial charges | 65 | €52,351 | €39,451 | -€12,900 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €219,604 | €324,865 | +€105,261 | +47.9% |
| Income taxes | 67/77 | €54,901 | €82,498 | +€27,597 | +50.3% |
| Profit (loss) for the period | 9904 | €164,703 | €242,367 | +€77,663 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,703 | €242,367 | +€77,663 | +47.2% |
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 10 October 2026 via checked.be.