C A - 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.
C A - IMMO
Largest movements
- Tangible fixed assets -€32,522
down €32,522 (-8.2%), from €398,379 to €365,857
of which Other tangible fixed assets: -€30,986
- Debts after one year -€54,102
down €54,102 (-22.4%), from €241,768 to €187,666
- Reserves +€22,822
up €22,822 (+39.4%), from €57,929 to €80,750
- Gross operating margin +€2,900
up €2,900 (+4.0%), from €73,026 to €75,926
- Taxes +€1,281
up €1,281 (+13.4%), from €9,526 to €10,807
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 | €411,686 | €380,128 | -€31,558 | -7.7% |
| Fixed assets | 21/28 | €398,379 | €365,857 | -€32,522 | -8.2% |
| Tangible fixed assets | 22/27 | €398,379 | €365,857 | -€32,522 | -8.2% |
| Land and buildings | 22 | €75,609 | €74,073 | -€1,536 | -2.0% |
| Other tangible fixed assets | 26 | €322,770 | €291,784 | -€30,986 | -9.6% |
| Current assets | 29/58 | €13,307 | €14,271 | +€965 | +7.2% |
| Amounts receivable within one year | 40/41 | €474 | €474 | = | 0.0% |
| Other amounts receivable | 41 | €474 | €474 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,832 | €13,797 | +€965 | +7.5% |
| Total equity and liabilities | 10/49 | €411,686 | €380,128 | -€31,558 | -7.7% |
| Equity | 10/15 | €76,529 | €99,350 | +€22,822 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,929 | €80,750 | +€22,822 | +39.4% |
| Distributable reserves | 133 | €57,929 | €80,750 | +€22,822 | +39.4% |
| Amounts payable | 17/49 | €335,157 | €280,778 | -€54,380 | -16.2% |
| Amounts payable after more than one year | 17 | €241,768 | €187,666 | -€54,102 | -22.4% |
| Financial debts | 170/4 | €241,768 | €187,666 | -€54,102 | -22.4% |
| Amounts payable within one year | 42/48 | €87,502 | €87,105 | -€397 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €53,232 | €54,102 | +€870 | +1.6% |
| Trade debts | 44 | €274 | €0 | -€274 | -100.0% |
| Suppliers | 440/4 | €274 | €0 | -€274 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €807 | +€807 | |
| Taxes | 450/3 | €0 | €807 | +€807 | |
| Other amounts payable | 47/48 | €33,996 | €32,196 | -€1,800 | -5.3% |
| Accrued charges and deferred income | 492/3 | €5,888 | €6,007 | +€120 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,522 | €32,522 | = | 0.0% |
| Other operating charges | 640/8 | €5,591 | €5,512 | -€79 | -1.4% |
| Gross operating margin | 9900 | €73,026 | €75,926 | +€2,900 | +4.0% |
| Operating profit (loss) | 9901 | €34,913 | €37,892 | +€2,979 | +8.5% |
| Financial charges | 65/66B | €4,974 | €4,263 | -€711 | -14.3% |
| Recurring financial charges | 65 | €4,974 | €4,263 | -€711 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €29,938 | €33,629 | +€3,690 | +12.3% |
| Income taxes | 67/77 | €9,526 | €10,807 | +€1,281 | +13.4% |
| Profit (loss) for the period | 9904 | €20,413 | €22,822 | +€2,409 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,413 | €22,822 | +€2,409 | +11.8% |
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 5 October 2026 via checked.be.