CA IMMO: what changed
CA IMMO
Largest movements
- Stocks and contracts -€51,982
down €51,982 (-46.4%), from €112,032 to €60,050
- Receivables within one year +€27,806
up €27,806 (+60.6%), from €45,847 to €73,653
of which Trade receivables: +€26,643
- Tangible fixed assets +€6,320
up €6,320 (+11.5%), from €54,840 to €61,160
of which Plant, machinery and equipment: +€53,544
- Trade debts -€57,279
down €57,279 (-53.4%), from €107,289 to €50,011
- Debts after one year +€38,809
up €38,809 (+878%), from €4,420 to €43,229
- Advances received -€14,000
no longer reported in 2025 (was €14,000)
- Profit (loss) carried forward +€10,584
up €10,584 (+18.9%), from €55,998 to €66,582
- Other debts +€9,132
up €9,132 (+81.9%), from €11,146 to €20,278
- Depreciation +€11,977
up €11,977 (+507%), from €2,361 to €14,338
- Taxes -€4,247
no longer reported in 2025 (was €4,247)
- Other operating charges +€3,824
up €3,824 (+229%), from €1,673 to €5,497
- Gross operating margin +€2,503
up €2,503 (+9.9%), from €25,338 to €27,840
- Financial charges +€618
up €618 (+11.2%), from €5,525 to €6,143
Change in the result, 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,437 | €196,051 | -€18,387 | -8.6% |
| Fixed assets | 21/28 | €54,840 | €61,160 | +€6,320 | +11.5% |
| Tangible fixed assets | 22/27 | €54,840 | €61,160 | +€6,320 | +11.5% |
| Plant, machinery and equipment | 23 | €2,016 | €55,560 | +€53,544 | +2,657% |
| Furniture and vehicles | 24 | €7,364 | €5,601 | -€1,764 | -24.0% |
| Leasing and similar rights | 25 | €45,460 | - | -€45,460 | |
| Current assets | 29/58 | €159,598 | €134,890 | -€24,707 | -15.5% |
| Stocks and contracts in progress | 3 | €112,032 | €60,050 | -€51,982 | -46.4% |
| Contracts in progress | 37 | €112,032 | €60,050 | -€51,982 | -46.4% |
| Amounts receivable within one year | 40/41 | €45,847 | €73,653 | +€27,806 | +60.6% |
| Trade receivables | 40 | €40,717 | €67,360 | +€26,643 | +65.4% |
| Other amounts receivable | 41 | €5,131 | €6,293 | +€1,163 | +22.7% |
| Cash at bank and in hand | 54/58 | €1,208 | - | -€1,208 | |
| Deferred charges and accrued income | 490/1 | €510 | €1,187 | +€676 | +133% |
| Total equity and liabilities | 10/49 | €214,437 | €196,051 | -€18,387 | -8.6% |
| Equity | 10/15 | €64,058 | €74,642 | +€10,584 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,998 | €66,582 | +€10,584 | +18.9% |
| Amounts payable | 17/49 | €150,380 | €121,409 | -€28,971 | -19.3% |
| Amounts payable after more than one year | 17 | €4,420 | €43,229 | +€38,809 | +878% |
| Financial debts | 170/4 | €4,420 | €43,229 | +€38,809 | +878% |
| Amounts payable within one year | 42/48 | €145,960 | €78,180 | -€67,780 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €5,304 | €7,855 | +€2,551 | +48.1% |
| Financial debts | 43 | - | €31 | +€31 | |
| Credit institutions | 430/8 | - | €31 | +€31 | |
| Trade debts | 44 | €107,289 | €50,011 | -€57,279 | -53.4% |
| Suppliers | 440/4 | €107,289 | €50,011 | -€57,279 | -53.4% |
| Advances received on contracts in progress | 46 | €14,000 | - | -€14,000 | |
| Taxes, remuneration and social security | 45 | €8,221 | €6 | -€8,215 | -99.9% |
| Taxes | 450/3 | €8,221 | €6 | -€8,215 | -99.9% |
| Other amounts payable | 47/48 | €11,146 | €20,278 | +€9,132 | +81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,361 | €14,338 | +€11,977 | +507% |
| Other operating charges | 640/8 | €1,673 | €5,497 | +€3,824 | +229% |
| Gross operating margin | 9900 | €25,338 | €27,840 | +€2,503 | +9.9% |
| Operating profit (loss) | 9901 | €21,303 | €8,005 | -€13,298 | -62.4% |
| Financial income | 75/76B | €414 | €143 | -€271 | -65.6% |
| Recurring financial income | 75 | €414 | €143 | -€271 | -65.6% |
| Financial charges | 65/66B | €5,525 | €6,143 | +€618 | +11.2% |
| Recurring financial charges | 65 | €5,525 | €6,143 | +€618 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €16,192 | €2,005 | -€14,187 | -87.6% |
| Income taxes | 67/77 | €4,247 | - | -€4,247 | |
| Profit (loss) for the period | 9904 | €11,945 | €2,005 | -€9,940 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,945 | €2,005 | -€9,940 | -83.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.