CAD 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.
CAD IMMO
Largest movements
- Current investments +€45,000
up €45,000 (+8.6%), from €525,000 to €570,000
- Cash +€19,164
up €19,164 (+229.7%), from €8,343 to €27,507
mainly Other debts (+€300,000) and Net result for the year (+€81,197)
- Receivables within one year +€16,914
up €16,914 (+845.7%), from €2,000 to €18,914
of which Trade receivables: +€16,123
- Other debts +€300,000
new in 2025: €300,000
- Profit (loss) carried forward -€218,803
down €218,803 (-91.2%), from €240,041 to €21,238
- Financial income -€7,165
down €7,165 (-44.5%), from €16,114 to €8,949
- Taxes -€2,333
down €2,333 (-8.1%), from €28,712 to €26,379
- Gross operating margin -€1,802
down €1,802 (-1.5%), from €119,207 to €117,405
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 | €537,319 | €618,002 | +€80,683 | +15.0% |
| Fixed assets | 21/28 | €1,976 | €1,581 | -€395 | -20.0% |
| Tangible fixed assets | 22/27 | €1,976 | €1,581 | -€395 | -20.0% |
| Furniture and vehicles | 24 | €1,976 | €1,581 | -€395 | -20.0% |
| Current assets | 29/58 | €535,343 | €616,421 | +€81,078 | +15.1% |
| Amounts receivable within one year | 40/41 | €2,000 | €18,914 | +€16,914 | +845.7% |
| Trade receivables | 40 | €2,000 | €18,123 | +€16,123 | +806.2% |
| Other amounts receivable | 41 | - | €791 | +€791 | |
| Current investments | 50/53 | €525,000 | €570,000 | +€45,000 | +8.6% |
| Cash at bank and in hand | 54/58 | €8,343 | €27,507 | +€19,164 | +229.7% |
| Total equity and liabilities | 10/49 | €537,319 | €618,002 | +€80,683 | +15.0% |
| Equity | 10/15 | €519,838 | €301,035 | -€218,803 | -42.1% |
| Contributions | 10/11 | €197,425 | €197,425 | = | 0.0% |
| Capital | 10 | €197,425 | €197,425 | = | 0.0% |
| Issued capital | 100 | €197,425 | €197,425 | = | 0.0% |
| Reserves | 13 | €82,372 | €82,372 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,742 | €19,742 | = | 0.0% |
| Legal reserve | 130 | €19,742 | €19,742 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,309 | €13,309 | = | 0.0% |
| Distributable reserves | 133 | €49,321 | €49,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,041 | €21,238 | -€218,803 | -91.2% |
| Amounts payable | 17/49 | €17,481 | €316,967 | +€299,486 | +1713.2% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,481 | €301,967 | +€299,486 | +12071.2% |
| Taxes, remuneration and social security | 45 | €2,481 | €1,967 | -€514 | -20.7% |
| Taxes | 450/3 | €2,481 | €1,967 | -€514 | -20.7% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €395 | = | 0.0% |
| Other operating charges | 640/8 | €17,572 | €18,203 | +€631 | +3.6% |
| Gross operating margin | 9900 | €119,207 | €117,405 | -€1,802 | -1.5% |
| Operating profit (loss) | 9901 | €101,240 | €98,807 | -€2,433 | -2.4% |
| Financial income | 75/76B | €16,114 | €8,949 | -€7,165 | -44.5% |
| Recurring financial income | 75 | €16,114 | €8,949 | -€7,165 | -44.5% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €117,204 | €107,576 | -€9,628 | -8.2% |
| Income taxes | 67/77 | €28,712 | €26,379 | -€2,333 | -8.1% |
| Profit (loss) for the period | 9904 | €88,492 | €81,197 | -€7,295 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,492 | €81,197 | -€7,295 | -8.2% |
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 4 October 2026 via checked.be.