CANDELAS 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.
CANDELAS IMMO
Largest movements
- Financial fixed assets -€2.3m
down €2.3m (-100.0%), from €2.3m to €0
- Receivables within one year +€2.1m
up €2.1m (+42660.3%), from €4,921 to €2.1m
of which Other amounts receivable: +€2.1m
- Tangible fixed assets -€128,680
down €128,680 (-3.3%), from €3.9m to €3.7m
- Other debts -€260,065
down €260,065 (-100.0%), from €260,065 to €0
- Debts after one year -€100,078
down €100,078 (-5.8%), from €1.7m to €1.6m
- Reserves -€80,741
down €80,741 (-3.4%), from €2.4m to €2.3m
of which Tax-exempt reserves: -€80,741
- Trade debts +€72,038
up €72,038 (+27.4%), from €262,553 to €334,591
- Tax, wage and social debts +€70,030
up €70,030 (+1452.2%), from €4,822 to €74,852
- Financial income +€164,363
new in 2025: €164,363
of which Financial income: +€164,363
- Gross operating margin -€42,388
down €42,388 (-295.8%), from -€14,331 to -€56,719
- Financial charges -€13,646
down €13,646 (-16.4%), from €83,169 to €69,523
- Other operating charges -€2,213
down €2,213 (-39.3%), from €5,635 to €3,422
- Taxes -€855
down €855 (-100.0%), from €855 to €0
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 | €6,143,001 | €5,847,894 | -€295,107 | -4.8% |
| Fixed assets | 21/28 | €6,137,465 | €3,743,147 | -€2.4m | -39.0% |
| Tangible fixed assets | 22/27 | €3,871,827 | €3,743,147 | -€128,680 | -3.3% |
| Land and buildings | 22 | €3,871,827 | €3,743,147 | -€128,680 | -3.3% |
| Financial fixed assets | 28 | €2,265,637 | €0 | -€2.3m | -100.0% |
| Current assets | 29/58 | €5,536 | €2,104,747 | +€2.1m | +37918.7% |
| Amounts receivable within one year | 40/41 | €4,921 | €2,104,019 | +€2.1m | +42660.3% |
| Trade receivables | 40 | €3,431 | €10,464 | +€7,033 | +205.0% |
| Other amounts receivable | 41 | €1,490 | €2,093,555 | +€2.1m | +140407.0% |
| Cash at bank and in hand | 54/58 | €249 | €357 | +€108 | +43.5% |
| Deferred charges and accrued income | 490/1 | €367 | €371 | +€4 | +1.2% |
| Total equity and liabilities | 10/49 | €6,143,001 | €5,847,894 | -€295,107 | -4.8% |
| Equity | 10/15 | €3,010,348 | €2,943,281 | -€67,067 | -2.2% |
| Contributions | 10/11 | €2,078,619 | €2,078,619 | = | 0.0% |
| Capital | 10 | €2,077,720 | €2,077,720 | = | 0.0% |
| Issued capital | 100 | €2,077,720 | €2,077,720 | = | 0.0% |
| Outside capital | 11 | €899 | €899 | = | 0.0% |
| Share premium | 1100/10 | €899 | €899 | = | 0.0% |
| Reserves | 13 | €2,380,004 | €2,299,263 | -€80,741 | -3.4% |
| Non-distributable reserves | 130/1 | €38,000 | €38,000 | = | 0.0% |
| Legal reserve | 130 | €38,000 | €38,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,342,004 | €2,261,263 | -€80,741 | -3.4% |
| Profit (loss) carried forward | 14 | -€1,448,275 | -€1,434,601 | +€13,674 | +0.9% |
| Provisions and deferred taxes | 16 | €762,825 | €735,912 | -€26,914 | -3.5% |
| Deferred taxes | 168 | €762,825 | €735,912 | -€26,914 | -3.5% |
| Amounts payable | 17/49 | €2,369,828 | €2,168,702 | -€201,126 | -8.5% |
| Amounts payable after more than one year | 17 | €1,726,757 | €1,626,678 | -€100,078 | -5.8% |
| Financial debts | 170/4 | €1,726,757 | €1,626,678 | -€100,078 | -5.8% |
| Amounts payable within one year | 42/48 | €623,829 | €539,354 | -€84,475 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €96,389 | €100,078 | +€3,689 | +3.8% |
| Financial debts | 43 | - | €29,833 | +€29,833 | |
| Credit institutions | 430/8 | - | €29,833 | +€29,833 | |
| Trade debts | 44 | €262,553 | €334,591 | +€72,038 | +27.4% |
| Suppliers | 440/4 | €262,553 | €334,591 | +€72,038 | +27.4% |
| Taxes, remuneration and social security | 45 | €4,822 | €74,852 | +€70,030 | +1452.2% |
| Taxes | 450/3 | €4,822 | €74,852 | +€70,030 | +1452.2% |
| Other amounts payable | 47/48 | €260,065 | €0 | -€260,065 | -100.0% |
| Accrued charges and deferred income | 492/3 | €19,242 | €2,669 | -€16,572 | -86.1% |
| Non-recurring operating income | 76A | €99,960 | €0 | -€99,960 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,733 | €128,680 | -€53 | 0.0% |
| Other operating charges | 640/8 | €5,635 | €3,422 | -€2,213 | -39.3% |
| Gross operating margin | 9900 | -€14,331 | -€56,719 | -€42,388 | -295.8% |
| Operating profit (loss) | 9901 | -€148,699 | -€188,821 | -€40,122 | -27.0% |
| Financial income | 75/76B | - | €164,363 | +€164,363 | |
| Recurring financial income | 75 | - | €164,363 | +€164,363 | |
| Non-recurring financial income | 76B | - | €164,363 | +€164,363 | |
| Financial charges | 65/66B | €83,169 | €69,523 | -€13,646 | -16.4% |
| Recurring financial charges | 65 | €83,169 | €69,523 | -€13,646 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€231,868 | -€93,981 | +€137,887 | +59.5% |
| Transfer from deferred taxes | 780 | €75,930 | €26,914 | -€49,017 | -64.6% |
| Income taxes | 67/77 | €855 | €0 | -€855 | -100.0% |
| Profit (loss) for the period | 9904 | -€156,793 | -€67,067 | +€89,726 | +57.2% |
| Transfer from tax-exempt reserves | 789 | €227,791 | €80,741 | -€147,050 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,998 | €13,674 | -€57,324 | -80.7% |
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 6 October 2026 via checked.be.