C.B.S. IMMO II: what changed
What changed
C.B.S. IMMO II
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €222,255+€1.9m
Equity
€5.7m
2024 · €9.6m-€3.8m
Cash
€724,160
2024 · €5.3m-€4.6m
Balance sheet total
€7.1m
2024 · €11.9m-€4.8m
Largest movements
Assets
- Cash -€4.6m
down €4.6m (-86.4%), from €5.3m to €724,160
mainly Contributions, distributions and other (-€6.0m) and Other debts (-€859,057)
- Stocks and contracts -€165,537
down €165,537 (-20.1%), from €821,731 to €656,195
Equity and liabilities
- Profit (loss) carried forward -€3.7m
down €3.7m (-54.5%), from €6.8m to €3.1m
- Other debts -€859,057
down €859,057 (-59.2%), from €1.5m to €593,112
Income statement
- Financial income +€2.4m
up €2.4m (+609%), from €389,958 to €2.8m
- Taxes +€417,679
up €417,679 (+2,803%), from €14,903 to €432,583
- Gross operating margin -€54,493
down €54,493 (-36.0%), from €151,347 to €96,855
- Financial charges -€35,920
down €35,920 (-48.7%), from €73,708 to €37,788
of which Financial charges: -€19,299
- Staff costs +€15,858
up €15,858 (+11.1%), from €142,786 to €158,644
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€222,255
Gross operating margin
-€54,493
Staff costs
-€15,858
Depreciation
+€459
Other operating charges
-€7,460
Financial income
+€2.4m
Financial charges
+€35,920
Taxes
-€417,679
Deferred taxes and other
+€33,030
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
+€63,011
Financing
-€6.1m
Cash 2024
€5.3m
From operations (derived)
+€1.4m
Net result for the year
+€2.2m
Depreciation
+€54,260
Stocks and contracts
+€165,537
Receivables within one year
-€33,025
Smaller working-capital items
+€5,348
Provisions
-€40,115
Trade debts
-€30,061
Other debts
-€859,057
Investment (derived)
+€63,011
Investment in fixed assets (net)
+€63,011
Financing
-€6.1m
Debts after one year
-€87,695
Current portion of long-term debt
+€1,817
Contributions, distributions and other
-€6.0m
Cash 2025
€724,160
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,925,519 | €7,080,452 | -€4.8m | -40.6% |
| Fixed assets | 21/28 | €5,634,543 | €5,517,272 | -€117,271 | -2.1% |
| Tangible fixed assets | 22/27 | €1,894,848 | €1,840,383 | -€54,466 | -2.9% |
| Land and buildings | 22 | €1,858,046 | €1,815,702 | -€42,344 | -2.3% |
| Plant, machinery and equipment | 23 | €10,773 | €6,520 | -€4,252 | -39.5% |
| Furniture and vehicles | 24 | €26,029 | €18,160 | -€7,869 | -30.2% |
| Financial fixed assets | 28 | €3,739,695 | €3,676,889 | -€62,806 | -1.7% |
| Current assets | 29/58 | €6,290,975 | €1,563,180 | -€4.7m | -75.2% |
| Stocks and contracts in progress | 3 | €821,731 | €656,195 | -€165,537 | -20.1% |
| Stocks | 30/36 | €821,731 | €656,195 | -€165,537 | -20.1% |
| Amounts receivable within one year | 40/41 | €146,034 | €179,059 | +€33,025 | +22.6% |
| Trade receivables | 40 | €146,034 | €41,047 | -€104,987 | -71.9% |
| Other amounts receivable | 41 | - | €138,012 | +€138,012 | |
| Cash at bank and in hand | 54/58 | €5,312,873 | €724,160 | -€4.6m | -86.4% |
| Deferred charges and accrued income | 490/1 | €10,337 | €3,767 | -€6,570 | -63.6% |
| Total equity and liabilities | 10/49 | €11,925,519 | €7,080,452 | -€4.8m | -40.6% |
| Equity | 10/15 | €9,568,809 | €5,740,076 | -€3.8m | -40.0% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €329,827 | €329,827 | = | 0.0% |
| Reserves | 13 | €401,346 | €301,321 | -€100,024 | -24.9% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €201,346 | €101,321 | -€100,024 | -49.7% |
| Profit (loss) carried forward | 14 | €6,837,637 | €3,108,928 | -€3.7m | -54.5% |
| Provisions and deferred taxes | 16 | €88,193 | €48,078 | -€40,115 | -45.5% |
| Deferred taxes | 168 | €88,193 | €48,078 | -€40,115 | -45.5% |
| Amounts payable | 17/49 | €2,268,516 | €1,292,298 | -€976,219 | -43.0% |
| Amounts payable after more than one year | 17 | €584,980 | €497,286 | -€87,695 | -15.0% |
| Financial debts | 170/4 | €564,797 | €476,976 | -€87,821 | -15.5% |
| Other amounts payable | 178/9 | €20,183 | €20,310 | +€127 | +0.6% |
| Amounts payable within one year | 42/48 | €1,679,795 | €793,446 | -€886,349 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €86,241 | €88,058 | +€1,817 | +2.1% |
| Trade debts | 44 | €113,498 | €83,436 | -€30,061 | -26.5% |
| Suppliers | 440/4 | €113,498 | €83,436 | -€30,061 | -26.5% |
| Taxes, remuneration and social security | 45 | €27,887 | €28,840 | +€953 | +3.4% |
| Taxes | 450/3 | €12,279 | €7,581 | -€4,698 | -38.3% |
| Remuneration and social security | 454/9 | €15,608 | €21,259 | +€5,650 | +36.2% |
| Other amounts payable | 47/48 | €1,452,169 | €593,112 | -€859,057 | -59.2% |
| Accrued charges and deferred income | 492/3 | €3,741 | €1,567 | -€2,175 | -58.1% |
| Non-recurring operating income | 76A | €31 | €0 | -€31 | -100% |
| Remuneration, social security and pensions | 62 | €142,786 | €158,644 | +€15,858 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,720 | €54,260 | -€459 | -0.8% |
| Other operating charges | 640/8 | €40,019 | €47,479 | +€7,460 | +18.6% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €151,347 | €96,855 | -€54,493 | -36.0% |
| Operating profit (loss) | 9901 | -€86,178 | -€163,529 | -€77,351 | -89.8% |
| Financial income | 75/76B | €389,958 | €2,765,052 | +€2.4m | +609% |
| Recurring financial income | 75 | €389,958 | €2,765,052 | +€2.4m | +609% |
| Financial charges | 65/66B | €73,708 | €37,788 | -€35,920 | -48.7% |
| Recurring financial charges | 65 | €57,087 | €37,788 | -€19,299 | -33.8% |
| Non-recurring financial charges | 66B | €16,620 | - | -€16,620 | |
| Profit (loss) for the period before taxes | 9903 | €230,073 | €2,563,735 | +€2.3m | +1,014% |
| Transfer from deferred taxes | 780 | €7,085 | €40,115 | +€33,030 | +466% |
| Income taxes | 67/77 | €14,903 | €432,583 | +€417,679 | +2,803% |
| Profit (loss) for the period | 9904 | €222,255 | €2,171,267 | +€1.9m | +877% |
| Transfer from tax-exempt reserves | 789 | €13,760 | €100,024 | +€86,264 | +627% |
| Profit (loss) for the period to be appropriated | 9905 | €236,015 | €2,271,291 | +€2.0m | +862% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.