CEDAR 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.
CEDAR IMMO
Largest movements
- Tangible fixed assets -€14,255
down €14,255 (-2.2%), from €645,537 to €631,282
of which Land and buildings: -€17,478
- Debts after one year -€11,580
down €11,580 (-6.5%), from €177,890 to €166,310
- Gross operating margin -€8,856
down €8,856 (-28.9%), from €30,645 to €21,789
- Other operating charges -€4,588
down €4,588 (-76.0%), from €6,039 to €1,451
- Financial charges -€4,251
down €4,251 (-52.0%), from €8,179 to €3,928
- Depreciation +€1,597
up €1,597 (+9.0%), from €17,658 to €19,255
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 | €647,539 | €633,115 | -€14,424 | -2.2% |
| Fixed assets | 21/28 | €645,537 | €631,282 | -€14,255 | -2.2% |
| Tangible fixed assets | 22/27 | €645,537 | €631,282 | -€14,255 | -2.2% |
| Land and buildings | 22 | €632,566 | €615,088 | -€17,478 | -2.8% |
| Other tangible fixed assets | 26 | €12,970 | €16,194 | +€3,223 | +24.9% |
| Current assets | 29/58 | €2,002 | €1,833 | -€170 | -8.5% |
| Cash at bank and in hand | 54/58 | €2,002 | €1,833 | -€170 | -8.5% |
| Total equity and liabilities | 10/49 | €647,539 | €633,115 | -€14,424 | -2.2% |
| Equity | 10/15 | -€18,431 | -€21,275 | -€2,844 | -15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,031 | -€39,875 | -€2,844 | -7.7% |
| Amounts payable | 17/49 | €665,970 | €654,390 | -€11,580 | -1.7% |
| Amounts payable after more than one year | 17 | €177,890 | €166,310 | -€11,580 | -6.5% |
| Financial debts | 170/4 | €177,890 | €166,310 | -€11,580 | -6.5% |
| Amounts payable within one year | 42/48 | €488,080 | €488,080 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €11,580 | €11,580 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,104 | €4,104 | = | 0.0% |
| Taxes | 450/3 | €4,104 | €4,104 | = | 0.0% |
| Other amounts payable | 47/48 | €472,396 | €472,396 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,658 | €19,255 | +€1,597 | +9.0% |
| Other operating charges | 640/8 | €6,039 | €1,451 | -€4,588 | -76.0% |
| Gross operating margin | 9900 | €30,645 | €21,789 | -€8,856 | -28.9% |
| Operating profit (loss) | 9901 | €6,949 | €1,083 | -€5,866 | -84.4% |
| Financial charges | 65/66B | €8,179 | €3,928 | -€4,251 | -52.0% |
| Recurring financial charges | 65 | €8,179 | €3,928 | -€4,251 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,230 | -€2,844 | -€1,614 | -131.2% |
| Profit (loss) for the period | 9904 | -€1,230 | -€2,844 | -€1,614 | -131.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,230 | -€2,844 | -€1,614 | -131.2% |
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.