C & T IMMO MOREL: 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.
C & T IMMO MOREL
Largest movements
- Tangible fixed assets +€9,107
up €9,107 (+8.4%), from €108,953 to €118,060
of which Land and buildings: +€8,442
- Cash +€2,915
up €2,915 (+5.2%), from €56,548 to €59,462
mainly Net result for the year (+€6,434) and Accrued charges and deferred income (+€3,073)
- Profit (loss) carried forward +€6,434
up €6,434 (+13.9%), from -€46,183 to -€39,749
- Accrued charges and deferred income +€3,073
new in 2025: €3,073
- Gross operating margin -€7,067
down €7,067 (-25.9%), from €27,297 to €20,230
- Financial charges -€593
down €593 (-11.7%), from €5,049 to €4,456
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.
Derived cash bridge
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 | €166,185 | €178,231 | +€12,046 | +7.2% |
| Fixed assets | 21/28 | €108,953 | €118,060 | +€9,107 | +8.4% |
| Tangible fixed assets | 22/27 | €108,953 | €118,060 | +€9,107 | +8.4% |
| Land and buildings | 22 | €108,764 | €117,206 | +€8,442 | +7.8% |
| Furniture and vehicles | 24 | €189 | €853 | +€665 | +352% |
| Current assets | 29/58 | €57,232 | €60,171 | +€2,939 | +5.1% |
| Amounts receivable within one year | 40/41 | €37 | €29 | -€7 | -20.4% |
| Trade receivables | 40 | €37 | €0 | -€37 | -100% |
| Other amounts receivable | 41 | - | €29 | +€29 | |
| Cash at bank and in hand | 54/58 | €56,548 | €59,462 | +€2,915 | +5.2% |
| Deferred charges and accrued income | 490/1 | €648 | €679 | +€31 | +4.8% |
| Total equity and liabilities | 10/49 | €166,185 | €178,231 | +€12,046 | +7.2% |
| Equity | 10/15 | €92,390 | €98,823 | +€6,434 | +7.0% |
| Contributions | 10/11 | €127,169 | €127,169 | = | 0.0% |
| Reserves | 13 | €11,403 | €11,403 | = | 0.0% |
| Distributable reserves | 133 | €11,403 | €11,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,183 | -€39,749 | +€6,434 | +13.9% |
| Amounts payable | 17/49 | €73,795 | €79,407 | +€5,612 | +7.6% |
| Amounts payable within one year | 42/48 | €73,795 | €76,335 | +€2,539 | +3.4% |
| Trade debts | 44 | €223 | €1,942 | +€1,718 | +769% |
| Suppliers | 440/4 | €223 | €1,942 | +€1,718 | +769% |
| Advances received on contracts in progress | 46 | - | €215 | +€215 | |
| Taxes, remuneration and social security | 45 | €1,772 | €3,132 | +€1,360 | +76.8% |
| Taxes | 450/3 | €1,772 | €3,132 | +€1,360 | +76.8% |
| Other amounts payable | 47/48 | €71,800 | €71,046 | -€754 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €3,073 | +€3,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €2,225 | -€196 | -8.1% |
| Other operating charges | 640/8 | €7,073 | €7,213 | +€139 | +2.0% |
| Gross operating margin | 9900 | €27,297 | €20,230 | -€7,067 | -25.9% |
| Operating profit (loss) | 9901 | €17,802 | €10,792 | -€7,011 | -39.4% |
| Financial income | 75/76B | €159 | €98 | -€62 | -38.8% |
| Recurring financial income | 75 | €159 | €98 | -€62 | -38.8% |
| Financial charges | 65/66B | €5,049 | €4,456 | -€593 | -11.7% |
| Recurring financial charges | 65 | €5,049 | €4,456 | -€593 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €12,913 | €6,434 | -€6,480 | -50.2% |
| Profit (loss) for the period | 9904 | €12,913 | €6,434 | -€6,480 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,913 | €6,434 | -€6,480 | -50.2% |
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 23 October 2026 via checked.be.