CBTL IMMO: 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.
CBTL IMMO
Largest movements
- Cash -€9,651
down €9,651 (-88.4%), from €10,923 to €1,272
mainly Other debts (-€78,298) and Net result for the year (-€15,179)
- Receivables within one year -€6,037
down €6,037 (-87.3%), from €6,914 to €877
of which Other amounts receivable: -€5,953
- Stocks and contracts +€3,510
up €3,510 (+3.7%), from €94,074 to €97,584
- Debts after one year +€81,298
new in 2025: €81,298
- Other debts -€78,298
no longer reported in 2025 (was €78,298)
- Profit (loss) carried forward -€15,179
down €15,179 (-39.5%), from -€38,396 to -€53,575
- Financial charges -€12,502
down €12,502 (-99.2%), from €12,607 to €104
- Gross operating margin +€6,818
up €6,818 (+100.0%), from -€6,818 to -€0
- Write-downs +€3,074
up €3,074 (+25.6%), from €12,000 to €15,074
- Other operating charges -€688
no longer reported in 2025 (was €688)
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 | €111,912 | €99,733 | -€12,179 | -10.9% |
| Current assets | 29/58 | €111,912 | €99,733 | -€12,179 | -10.9% |
| Stocks and contracts in progress | 3 | €94,074 | €97,584 | +€3,510 | +3.7% |
| Stocks | 30/36 | €94,074 | €97,584 | +€3,510 | +3.7% |
| Amounts receivable within one year | 40/41 | €6,914 | €877 | -€6,037 | -87.3% |
| Trade receivables | 40 | €84 | - | -€84 | |
| Other amounts receivable | 41 | €6,830 | €877 | -€5,953 | -87.2% |
| Cash at bank and in hand | 54/58 | €10,923 | €1,272 | -€9,651 | -88.4% |
| Total equity and liabilities | 10/49 | €111,912 | €99,733 | -€12,179 | -10.9% |
| Equity | 10/15 | -€24,136 | -€39,315 | -€15,179 | -62.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,396 | -€53,575 | -€15,179 | -39.5% |
| Amounts payable | 17/49 | €136,048 | €139,048 | +€3,000 | +2.2% |
| Amounts payable after more than one year | 17 | - | €81,298 | +€81,298 | |
| Financial debts | 170/4 | - | €81,298 | +€81,298 | |
| Amounts payable within one year | 42/48 | €136,048 | €57,750 | -€78,298 | -57.6% |
| Taxes, remuneration and social security | 45 | €57,750 | €57,750 | = | 0.0% |
| Taxes | 450/3 | €57,750 | €57,750 | = | 0.0% |
| Other amounts payable | 47/48 | €78,298 | - | -€78,298 | |
| Non-recurring operating income | 76A | €125,765 | - | -€125,765 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,000 | €15,074 | +€3,074 | +25.6% |
| Other operating charges | 640/8 | €688 | - | -€688 | |
| Gross operating margin | 9900 | -€6,818 | -€0 | +€6,818 | +100.0% |
| Operating profit (loss) | 9901 | -€19,506 | -€15,074 | +€4,432 | +22.7% |
| Financial charges | 65/66B | €12,607 | €104 | -€12,502 | -99.2% |
| Recurring financial charges | 65 | €12,607 | €104 | -€12,502 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,113 | -€15,179 | +€16,934 | +52.7% |
| Profit (loss) for the period | 9904 | -€32,113 | -€15,179 | +€16,934 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,113 | -€15,179 | +€16,934 | +52.7% |
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 14 October 2026 via checked.be.