CDS 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.
CDS IMMO
Largest movements
- Cash -€115,763
down €115,763 (-24.0%), from €483,080 to €367,318
mainly Advances received (-€109,050) and Tax, wage and social debts (-€26,926)
- Tangible fixed assets -€14,484
down €14,484 (-4.7%), from €308,796 to €294,313
of which Land and buildings: -€14,006
- Receivables within one year +€13,730
up €13,730 (+56.0%), from €24,515 to €38,245
of which Other amounts receivable: +€19,523
- Advances received -€109,050
down €109,050 (-27.1%), from €402,600 to €293,550
- Tax, wage and social debts -€26,926
down €26,926 (-48.5%), from €55,564 to €28,638
of which Remuneration and social security: -€29,141
- Reserves +€18,392
up €18,392 (+3.5%), from €528,708 to €547,100
- Staff costs -€39,825
down €39,825 (-45.5%), from €87,496 to €47,671
- Gross operating margin -€23,639
down €23,639 (-19.5%), from €121,133 to €97,494
- Taxes +€8,095
up €8,095 (+144.9%), from €5,588 to €13,683
- Other operating charges -€1,765
down €1,765 (-44.2%), from €3,997 to €2,232
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 | €1,021,020 | €903,867 | -€117,153 | -11.5% |
| Fixed assets | 21/28 | €313,349 | €298,614 | -€14,735 | -4.7% |
| Tangible fixed assets | 22/27 | €308,796 | €294,313 | -€14,484 | -4.7% |
| Land and buildings | 22 | €305,224 | €291,219 | -€14,006 | -4.6% |
| Plant, machinery and equipment | 23 | €2,717 | €2,584 | -€133 | -4.9% |
| Furniture and vehicles | 24 | €855 | €510 | -€345 | -40.3% |
| Financial fixed assets | 28 | €4,553 | €4,301 | -€251 | -5.5% |
| Current assets | 29/58 | €707,671 | €605,253 | -€102,418 | -14.5% |
| Stocks and contracts in progress | 3 | €194,545 | €194,545 | = | 0.0% |
| Stocks | 30/36 | €194,545 | €194,545 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,515 | €38,245 | +€13,730 | +56.0% |
| Trade receivables | 40 | €23,053 | €17,260 | -€5,793 | -25.1% |
| Other amounts receivable | 41 | €1,462 | €20,985 | +€19,523 | +1335.2% |
| Cash at bank and in hand | 54/58 | €483,080 | €367,318 | -€115,763 | -24.0% |
| Deferred charges and accrued income | 490/1 | €5,530 | €5,144 | -€386 | -7.0% |
| Total equity and liabilities | 10/49 | €1,021,020 | €903,867 | -€117,153 | -11.5% |
| Equity | 10/15 | €547,300 | €565,692 | +€18,392 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €528,708 | €547,100 | +€18,392 | +3.5% |
| Distributable reserves | 133 | €528,708 | €547,100 | +€18,392 | +3.5% |
| Amounts payable | 17/49 | €473,720 | €338,174 | -€135,545 | -28.6% |
| Amounts payable within one year | 42/48 | €471,720 | €336,174 | -€135,545 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,556 | €13,987 | +€431 | +3.2% |
| Suppliers | 440/4 | €13,556 | €13,987 | +€431 | +3.2% |
| Advances received on contracts in progress | 46 | €402,600 | €293,550 | -€109,050 | -27.1% |
| Taxes, remuneration and social security | 45 | €55,564 | €28,638 | -€26,926 | -48.5% |
| Taxes | 450/3 | €26,423 | €28,638 | +€2,215 | +8.4% |
| Remuneration and social security | 454/9 | €29,141 | €0 | -€29,141 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €87,496 | €47,671 | -€39,825 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,961 | €15,310 | +€348 | +2.3% |
| Other operating charges | 640/8 | €3,997 | €2,232 | -€1,765 | -44.2% |
| Gross operating margin | 9900 | €121,133 | €97,494 | -€23,639 | -19.5% |
| Operating profit (loss) | 9901 | €14,680 | €32,282 | +€17,602 | +119.9% |
| Financial income | 75/76B | €1,143 | €330 | -€813 | -71.1% |
| Recurring financial income | 75 | €238 | €330 | +€92 | +38.5% |
| Non-recurring financial income | 76B | €905 | €0 | -€905 | -100.0% |
| Financial charges | 65/66B | €549 | €537 | -€12 | -2.1% |
| Recurring financial charges | 65 | €549 | €537 | -€12 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €15,274 | €32,075 | +€16,801 | +110.0% |
| Income taxes | 67/77 | €5,588 | €13,683 | +€8,095 | +144.9% |
| Profit (loss) for the period | 9904 | €9,686 | €18,392 | +€8,706 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,686 | €18,392 | +€8,706 | +89.9% |
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 6 October 2026 via checked.be.