CAIRN 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.
CAIRN IMMO
Largest movements
- Tangible fixed assets -€116,798
down €116,798 (-6.0%), from €1.9m to €1.8m
- Debts after one year -€208,570
down €208,570 (-12.6%), from €1.7m to €1.4m
- Current portion of long-term debt +€95,766
up €95,766 (+72.7%), from €131,664 to €227,429
- Gross operating margin -€76,527
down €76,527 (-34.7%), from €220,468 to €143,941
- Depreciation -€7,455
down €7,455 (-6.0%), from €124,253 to €116,798
- Financial charges -€3,202
down €3,202 (-15.2%), from €21,108 to €17,906
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 | €1,981,902 | €1,868,348 | -€113,555 | -5.7% |
| Fixed assets | 21/28 | €1,956,000 | €1,839,800 | -€116,201 | -5.9% |
| Tangible fixed assets | 22/27 | €1,946,633 | €1,829,835 | -€116,798 | -6.0% |
| Land and buildings | 22 | €1,946,633 | €1,829,835 | -€116,798 | -6.0% |
| Financial fixed assets | 28 | €9,367 | €9,965 | +€598 | +6.4% |
| Current assets | 29/58 | €25,902 | €28,548 | +€2,646 | +10.2% |
| Amounts receivable within one year | 40/41 | €753 | €753 | = | 0.0% |
| Other amounts receivable | 41 | €753 | €753 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,149 | €27,795 | +€2,646 | +10.5% |
| Total equity and liabilities | 10/49 | €1,981,902 | €1,868,348 | -€113,555 | -5.7% |
| Equity | 10/15 | €78,947 | €87,185 | +€8,238 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,747 | €80,985 | +€8,238 | +11.3% |
| Amounts payable | 17/49 | €1,902,956 | €1,781,163 | -€121,793 | -6.4% |
| Amounts payable after more than one year | 17 | €1,651,236 | €1,442,666 | -€208,570 | -12.6% |
| Financial debts | 170/4 | €1,651,236 | €1,442,666 | -€208,570 | -12.6% |
| Amounts payable within one year | 42/48 | €251,720 | €338,497 | +€86,777 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €131,664 | €227,429 | +€95,766 | +72.7% |
| Trade debts | 44 | €989 | - | -€989 | |
| Suppliers | 440/4 | €989 | - | -€989 | |
| Other amounts payable | 47/48 | €119,067 | €111,067 | -€8,000 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,253 | €116,798 | -€7,455 | -6.0% |
| Other operating charges | 640/8 | €989 | €998 | +€10 | +1.0% |
| Gross operating margin | 9900 | €220,468 | €143,941 | -€76,527 | -34.7% |
| Operating profit (loss) | 9901 | €95,226 | €26,145 | -€69,081 | -72.5% |
| Financial charges | 65/66B | €21,108 | €17,906 | -€3,202 | -15.2% |
| Recurring financial charges | 65 | €21,108 | €17,906 | -€3,202 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €74,117 | €8,238 | -€65,879 | -88.9% |
| Profit (loss) for the period | 9904 | €74,117 | €8,238 | -€65,879 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,117 | €8,238 | -€65,879 | -88.9% |
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 7 October 2026 via checked.be.