CECO Immo & Management: 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.
CECO Immo & Management
Largest movements
- Tangible fixed assets -€18,053
down €18,053 (-40.0%), from €45,150 to €27,097
of which Furniture and vehicles: -€14,219
- Cash -€14,768
down €14,768 (-57.8%), from €25,568 to €10,800
mainly Net result for the year (-€27,485) and Current portion of long-term debt (-€10,255)
- Profit (loss) carried forward -€15,804
new in 2025: -€15,804
- Reserves -€11,681
down €11,681 (-85.4%), from €13,681 to €2,000
of which Distributable reserves: -€11,681
- Current portion of long-term debt -€10,255
no longer reported in 2025 (was €10,255)
- Tax, wage and social debts +€3,236
up €3,236 (+695%), from €465 to €3,702
- Trade debts +€1,325
up €1,325 (+25.4%), from €5,207 to €6,532
- Gross operating margin +€7,812
up €7,812 (+54.3%), from -€14,391 to -€6,579
- Depreciation -€1,658
down €1,658 (-8.4%), from €19,711 to €18,053
- Financial charges -€154
down €154 (-46.1%), from €334 to €180
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 | €75,613 | €42,435 | -€33,179 | -43.9% |
| Fixed assets | 21/28 | €45,150 | €27,097 | -€18,053 | -40.0% |
| Tangible fixed assets | 22/27 | €45,150 | €27,097 | -€18,053 | -40.0% |
| Land and buildings | 22 | €30,685 | €26,851 | -€3,834 | -12.5% |
| Furniture and vehicles | 24 | €14,465 | €246 | -€14,219 | -98.3% |
| Current assets | 29/58 | €30,464 | €15,338 | -€15,126 | -49.7% |
| Amounts receivable within one year | 40/41 | €4,896 | €4,538 | -€358 | -7.3% |
| Trade receivables | 40 | €1,745 | €1,901 | +€156 | +8.9% |
| Other amounts receivable | 41 | €3,152 | €2,638 | -€514 | -16.3% |
| Cash at bank and in hand | 54/58 | €25,568 | €10,800 | -€14,768 | -57.8% |
| Total equity and liabilities | 10/49 | €75,613 | €42,435 | -€33,179 | -43.9% |
| Equity | 10/15 | €33,681 | €6,196 | -€27,485 | -81.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,681 | €2,000 | -€11,681 | -85.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €11,681 | - | -€11,681 | |
| Profit (loss) carried forward | 14 | - | -€15,804 | -€15,804 | |
| Amounts payable | 17/49 | €41,933 | €36,239 | -€5,694 | -13.6% |
| Amounts payable within one year | 42/48 | €41,933 | €36,239 | -€5,694 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €10,255 | - | -€10,255 | |
| Trade debts | 44 | €5,207 | €6,532 | +€1,325 | +25.4% |
| Suppliers | 440/4 | €5,207 | €6,532 | +€1,325 | +25.4% |
| Taxes, remuneration and social security | 45 | €465 | €3,702 | +€3,236 | +695% |
| Taxes | 450/3 | €465 | €3,702 | +€3,236 | +695% |
| Other amounts payable | 47/48 | €26,004 | €26,004 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,711 | €18,053 | -€1,658 | -8.4% |
| Other operating charges | 640/8 | €2,019 | €2,065 | +€46 | +2.3% |
| Gross operating margin | 9900 | -€14,391 | -€6,579 | +€7,812 | +54.3% |
| Operating profit (loss) | 9901 | -€36,121 | -€26,697 | +€9,424 | +26.1% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €334 | €180 | -€154 | -46.1% |
| Recurring financial charges | 65 | €334 | €180 | -€154 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,455 | -€26,829 | +€9,626 | +26.4% |
| Income taxes | 67/77 | €611 | €655 | +€44 | +7.2% |
| Profit (loss) for the period | 9904 | -€37,066 | -€27,485 | +€9,582 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,066 | -€27,485 | +€9,582 | +25.9% |
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 14 October 2026 via checked.be.