CAVIMMO: 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.
CAVIMMO
Largest movements
- Tangible fixed assets +€266,810
up €266,810 (+51.6%), from €516,968 to €783,778
of which Assets under construction and advance payments: +€292,478
- Cash +€86,574
up €86,574 (+437.2%), from €19,804 to €106,378
mainly Debts after one year (+€526,109) and Depreciation (+€25,668)
- Debts after one year +€526,109
up €526,109 (+134.6%), from €390,984 to €917,094
of which Other amounts payable: +€400,000
- Other debts -€176,226
down €176,226 (-89.6%), from €196,672 to €20,445
- Depreciation -€50,970
down €50,970 (-66.5%), from €76,639 to €25,668
- Financial charges +€23,250
up €23,250 (+391.7%), from €5,935 to €29,185
- Gross operating margin +€15,943
up €15,943 (+37.5%), from €42,484 to €58,427
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 | €543,355 | €892,499 | +€349,144 | +64.3% |
| Fixed assets | 21/28 | €516,968 | €783,778 | +€266,810 | +51.6% |
| Tangible fixed assets | 22/27 | €516,968 | €783,778 | +€266,810 | +51.6% |
| Land and buildings | 22 | €516,968 | €491,300 | -€25,668 | -5.0% |
| Assets under construction and advance payments | 27 | - | €292,478 | +€292,478 | |
| Current assets | 29/58 | €26,386 | €108,720 | +€82,334 | +312.0% |
| Amounts receivable within one year | 40/41 | €6,517 | €2,271 | -€4,246 | -65.1% |
| Trade receivables | 40 | €6,517 | €2,271 | -€4,246 | -65.1% |
| Cash at bank and in hand | 54/58 | €19,804 | €106,378 | +€86,574 | +437.2% |
| Deferred charges and accrued income | 490/1 | €66 | €71 | +€5 | +7.7% |
| Total equity and liabilities | 10/49 | €543,355 | €892,499 | +€349,144 | +64.3% |
| Equity | 10/15 | -€76,308 | -€76,632 | -€324 | -0.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,308 | -€81,632 | -€324 | -0.4% |
| Amounts payable | 17/49 | €619,663 | €969,131 | +€349,468 | +56.4% |
| Amounts payable after more than one year | 17 | €390,984 | €917,094 | +€526,109 | +134.6% |
| Financial debts | 170/4 | €213,984 | €340,094 | +€126,109 | +58.9% |
| Other amounts payable | 178/9 | €177,000 | €577,000 | +€400,000 | +226.0% |
| Amounts payable within one year | 42/48 | €226,698 | €50,637 | -€176,061 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | €23,293 | €23,891 | +€597 | +2.6% |
| Trade debts | 44 | €6,733 | €196 | -€6,538 | -97.1% |
| Suppliers | 440/4 | €6,733 | €196 | -€6,538 | -97.1% |
| Taxes, remuneration and social security | 45 | - | €6,105 | +€6,105 | |
| Taxes | 450/3 | - | €6,105 | +€6,105 | |
| Other amounts payable | 47/48 | €196,672 | €20,445 | -€176,226 | -89.6% |
| Accrued charges and deferred income | 492/3 | €1,980 | €1,400 | -€580 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,639 | €25,668 | -€50,970 | -66.5% |
| Other operating charges | 640/8 | €3,443 | €3,899 | +€456 | +13.2% |
| Gross operating margin | 9900 | €42,484 | €58,427 | +€15,943 | +37.5% |
| Operating profit (loss) | 9901 | -€37,597 | €28,860 | +€66,458 | |
| Financial charges | 65/66B | €5,935 | €29,185 | +€23,250 | +391.7% |
| Recurring financial charges | 65 | €5,935 | €29,185 | +€23,250 | +391.7% |
| Profit (loss) for the period before taxes | 9903 | -€43,533 | -€324 | +€43,208 | +99.3% |
| Profit (loss) for the period | 9904 | -€43,533 | -€324 | +€43,208 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,533 | -€324 | +€43,208 | +99.3% |
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 28 September 2026 via checked.be.