CAESAR REAL ESTATE FUND: 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.
CAESAR REAL ESTATE FUND
Largest movements
- Stocks and contracts +€145,550
up €145,550 (+4.1%), from €3.6m to €3.7m
- Other debts +€146,167
up €146,167 (+18.5%), from €789,815 to €935,983
- Financial charges -€46,732
down €46,732 (-26.8%), from €174,293 to €127,561
- Gross operating margin -€46,547
down €46,547 (-26.9%), from €173,035 to €126,488
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 | €3,685,588 | €3,829,623 | +€144,034 | +3.9% |
| Current assets | 29/58 | €3,685,588 | €3,829,623 | +€144,034 | +3.9% |
| Stocks and contracts in progress | 3 | €3,585,977 | €3,731,527 | +€145,550 | +4.1% |
| Stocks | 30/36 | €3,585,977 | €3,731,527 | +€145,550 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,033 | €1,033 | = | 0.0% |
| Other amounts receivable | 41 | €1,033 | €1,033 | = | 0.0% |
| Current investments | 50/53 | €93,000 | €93,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,578 | €4,063 | -€1,516 | -27.2% |
| Total equity and liabilities | 10/49 | €3,685,588 | €3,829,623 | +€144,034 | +3.9% |
| Equity | 10/15 | -€204,789 | -€205,862 | -€1,073 | -0.5% |
| Contributions | 10/11 | €1,390,000 | €1,390,000 | = | 0.0% |
| Capital | 10 | €930,000 | €930,000 | = | 0.0% |
| Issued capital | 100 | €930,000 | €930,000 | = | 0.0% |
| Contributions outside capital | 11 | €460,000 | €460,000 | = | 0.0% |
| Share premium | 1100/10 | €460,000 | €460,000 | = | 0.0% |
| Reserves | 13 | €158,247 | €158,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €158,247 | €158,247 | = | 0.0% |
| Legal reserve | 130 | €65,247 | €65,247 | = | 0.0% |
| Own shares acquired | 1312 | €93,000 | €93,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,753,036 | -€1,754,109 | -€1,073 | -0.1% |
| Amounts payable | 17/49 | €3,890,377 | €4,035,484 | +€145,108 | +3.7% |
| Amounts payable within one year | 42/48 | €3,890,377 | €4,035,484 | +€145,108 | +3.7% |
| Financial debts | 43 | €3,099,340 | €3,099,340 | = | 0.0% |
| Credit institutions | 430/8 | €3,099,340 | €3,099,340 | = | 0.0% |
| Trade debts | 44 | €1,222 | €162 | -€1,060 | -86.7% |
| Suppliers | 440/4 | €1,222 | €162 | -€1,060 | -86.7% |
| Other amounts payable | 47/48 | €789,815 | €935,983 | +€146,167 | +18.5% |
| Gross operating margin | 9900 | €173,035 | €126,488 | -€46,547 | -26.9% |
| Operating profit (loss) | 9901 | €173,035 | €126,488 | -€46,547 | -26.9% |
| Financial charges | 65/66B | €174,293 | €127,561 | -€46,732 | -26.8% |
| Recurring financial charges | 65 | €174,293 | €127,561 | -€46,732 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,258 | -€1,073 | +€185 | +14.7% |
| Profit (loss) for the period | 9904 | -€1,258 | -€1,073 | +€185 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,258 | -€1,073 | +€185 | +14.7% |
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 31 October 2026 via checked.be.