CDG 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.
CDG IMMO
Largest movements
- Tangible fixed assets -€13,265
down €13,265 (-4.0%), from €333,738 to €320,473
of which Land and buildings: -€10,509
- Cash +€6,589
up €6,589 (+57.0%), from €11,550 to €18,139
mainly Net result for the year (+€25,455) and Depreciation (+€13,265)
- Reserves +€22,909
up €22,909 (+18.3%), from €124,860 to €147,769
of which Distributable reserves: +€22,909
- Debts after one year -€16,658
down €16,658 (-86.5%), from €19,257 to €2,599
- Current portion of long-term debt -€9,796
down €9,796 (-32.2%), from €30,437 to €20,641
- Trade debts -€7,893
down €7,893 (-72.6%), from €10,876 to €2,983
- Other debts +€3,853
up €3,853 (+6.7%), from €57,564 to €61,417
- Gross operating margin +€11,617
up €11,617 (+25.8%), from €45,015 to €56,632
- Taxes +€4,541
up €4,541 (+64.5%), from €7,036 to €11,577
- Financial charges -€2,929
down €2,929 (-72.2%), from €4,056 to €1,127
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 | €352,726 | €345,188 | -€7,538 | -2.1% |
| Fixed assets | 21/28 | €333,738 | €320,473 | -€13,265 | -4.0% |
| Tangible fixed assets | 22/27 | €333,738 | €320,473 | -€13,265 | -4.0% |
| Land and buildings | 22 | €322,640 | €312,131 | -€10,509 | -3.3% |
| Plant, machinery and equipment | 23 | €9,237 | €7,134 | -€2,103 | -22.8% |
| Furniture and vehicles | 24 | €1,861 | €1,208 | -€653 | -35.1% |
| Current assets | 29/58 | €18,989 | €24,715 | +€5,727 | +30.2% |
| Amounts receivable within one year | 40/41 | €6,782 | €5,562 | -€1,220 | -18.0% |
| Trade receivables | 40 | €365 | €175 | -€190 | -52.1% |
| Other amounts receivable | 41 | €6,417 | €5,387 | -€1,030 | -16.0% |
| Cash at bank and in hand | 54/58 | €11,550 | €18,139 | +€6,589 | +57.0% |
| Deferred charges and accrued income | 490/1 | €656 | €1,014 | +€358 | +54.5% |
| Total equity and liabilities | 10/49 | €352,726 | €345,188 | -€7,538 | -2.1% |
| Equity | 10/15 | €233,873 | €256,829 | +€22,955 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,860 | €147,769 | +€22,909 | +18.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,000 | €145,909 | +€22,909 | +18.6% |
| Profit (loss) carried forward | 14 | €90,413 | €90,460 | +€46 | +0.1% |
| Amounts payable | 17/49 | €118,853 | €88,360 | -€30,493 | -25.7% |
| Amounts payable after more than one year | 17 | €19,257 | €2,599 | -€16,658 | -86.5% |
| Financial debts | 170/4 | €19,257 | €2,599 | -€16,658 | -86.5% |
| Amounts payable within one year | 42/48 | €99,596 | €85,761 | -€13,836 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €30,437 | €20,641 | -€9,796 | -32.2% |
| Trade debts | 44 | €10,876 | €2,983 | -€7,893 | -72.6% |
| Suppliers | 440/4 | €10,876 | €2,983 | -€7,893 | -72.6% |
| Taxes, remuneration and social security | 45 | €720 | €720 | = | 0.0% |
| Taxes | 450/3 | €720 | €720 | = | 0.0% |
| Other amounts payable | 47/48 | €57,564 | €61,417 | +€3,853 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,296 | €13,265 | -€31 | -0.2% |
| Other operating charges | 640/8 | €4,908 | €5,209 | +€301 | +6.1% |
| Gross operating margin | 9900 | €45,015 | €56,632 | +€11,617 | +25.8% |
| Operating profit (loss) | 9901 | €26,811 | €38,159 | +€11,347 | +42.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,056 | €1,127 | -€2,929 | -72.2% |
| Recurring financial charges | 65 | €4,056 | €1,127 | -€2,929 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €22,755 | €37,032 | +€14,277 | +62.7% |
| Income taxes | 67/77 | €7,036 | €11,577 | +€4,541 | +64.5% |
| Profit (loss) for the period | 9904 | €15,719 | €25,455 | +€9,736 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,719 | €25,455 | +€9,736 | +61.9% |
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 12 October 2026 via checked.be.