CECIMMO: 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.
CECIMMO
Largest movements
- Receivables within one year -€287,394
down €287,394 (-49.9%), from €575,663 to €288,269
of which Other amounts receivable: -€212,261
- Tangible fixed assets -€126,555
down €126,555 (-6.9%), from €1.8m to €1.7m
of which Land and buildings: -€124,835
- Debts after one year -€363,125
down €363,125 (-44.2%), from €821,417 to €458,292
of which Financial debts: -€347,714
- Trade debts -€57,062
down €57,062 (-67.6%), from €84,445 to €27,383
- Tax, wage and social debts -€42,424
down €42,424 (-63.8%), from €66,513 to €24,090
- Reserves +€32,780
up €32,780 (+3.9%), from €830,099 to €862,879
of which Distributable reserves: +€80,809
- Financial charges -€23,557
down €23,557 (-34.0%), from €69,268 to €45,710
- Gross operating margin -€11,572
down €11,572 (-4.1%), from €283,659 to €272,087
- Financial income -€7,812
down €7,812 (-37.7%), from €20,745 to €12,933
- Write-downs -€4,016
down €4,016 (-16.2%), from €24,774 to €20,758
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 | €2,466,402 | €2,045,673 | -€420,729 | -17.1% |
| Fixed assets | 21/28 | €1,839,001 | €1,712,446 | -€126,555 | -6.9% |
| Tangible fixed assets | 22/27 | €1,839,001 | €1,712,446 | -€126,555 | -6.9% |
| Land and buildings | 22 | €1,835,640 | €1,710,805 | -€124,835 | -6.8% |
| Plant, machinery and equipment | 23 | €3,361 | €1,641 | -€1,720 | -51.2% |
| Current assets | 29/58 | €627,401 | €333,227 | -€294,174 | -46.9% |
| Amounts receivable within one year | 40/41 | €575,663 | €288,269 | -€287,394 | -49.9% |
| Trade receivables | 40 | €102,229 | €27,096 | -€75,133 | -73.5% |
| Other amounts receivable | 41 | €473,434 | €261,173 | -€212,261 | -44.8% |
| Cash at bank and in hand | 54/58 | €6,598 | €1,198 | -€5,400 | -81.8% |
| Deferred charges and accrued income | 490/1 | €45,140 | €43,760 | -€1,380 | -3.1% |
| Total equity and liabilities | 10/49 | €2,466,402 | €2,045,673 | -€420,729 | -17.1% |
| Equity | 10/15 | €951,983 | €984,763 | +€32,780 | +3.4% |
| Contributions | 10/11 | €121,884 | €121,884 | = | 0.0% |
| Reserves | 13 | €830,099 | €862,879 | +€32,780 | +3.9% |
| Tax-exempt reserves | 132 | €615,600 | €567,571 | -€48,029 | -7.8% |
| Distributable reserves | 133 | €214,499 | €295,308 | +€80,809 | +37.7% |
| Provisions and deferred taxes | 16 | €203,000 | €186,550 | -€16,450 | -8.1% |
| Deferred taxes | 168 | €203,000 | €186,550 | -€16,450 | -8.1% |
| Amounts payable | 17/49 | €1,311,420 | €874,360 | -€437,060 | -33.3% |
| Amounts payable after more than one year | 17 | €821,417 | €458,292 | -€363,125 | -44.2% |
| Financial debts | 170/4 | €806,006 | €458,292 | -€347,714 | -43.1% |
| Other amounts payable | 178/9 | €15,411 | €0 | -€15,411 | -100.0% |
| Amounts payable within one year | 42/48 | €481,815 | €407,828 | -€73,986 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €330,856 | €347,714 | +€16,858 | +5.1% |
| Trade debts | 44 | €84,445 | €27,383 | -€57,062 | -67.6% |
| Suppliers | 440/4 | €84,445 | €27,383 | -€57,062 | -67.6% |
| Advances received on contracts in progress | 46 | €0 | €8,642 | +€8,642 | |
| Taxes, remuneration and social security | 45 | €66,513 | €24,090 | -€42,424 | -63.8% |
| Taxes | 450/3 | €66,513 | €24,090 | -€42,424 | -63.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,188 | €8,239 | +€51 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,373 | €152,266 | +€893 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,774 | €20,758 | -€4,016 | -16.2% |
| Other operating charges | 640/8 | €21,901 | €22,585 | +€684 | +3.1% |
| Gross operating margin | 9900 | €283,659 | €272,087 | -€11,572 | -4.1% |
| Operating profit (loss) | 9901 | €85,611 | €76,479 | -€9,133 | -10.7% |
| Financial income | 75/76B | €20,745 | €12,933 | -€7,812 | -37.7% |
| Recurring financial income | 75 | €20,745 | €12,933 | -€7,812 | -37.7% |
| Financial charges | 65/66B | €69,268 | €45,710 | -€23,557 | -34.0% |
| Recurring financial charges | 65 | €69,268 | €45,710 | -€23,557 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €37,088 | €43,701 | +€6,613 | +17.8% |
| Transfer from deferred taxes | 780 | €16,450 | €16,450 | = | 0.0% |
| Income taxes | 67/77 | €25,392 | €27,370 | +€1,979 | +7.8% |
| Profit (loss) for the period | 9904 | €28,146 | €32,780 | +€4,634 | +16.5% |
| Transfer from tax-exempt reserves | 789 | €48,029 | €48,029 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,175 | €80,809 | +€4,634 | +6.1% |
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 7 October 2026 via checked.be.