CEDARS 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.
CEDARS IMMO
Largest movements
- Tangible fixed assets +€4,205
up €4,205 (+2.9%), from €145,600 to €149,805
- Cash -€3,531
down €3,531 (-67.2%), from €5,254 to €1,723
mainly Debts after one year (-€15,173) and Investment in fixed assets (net) (-€11,066)
- Debts after one year -€15,173
down €15,173 (-13.1%), from €115,389 to €100,216
- Other debts +€8,347
up €8,347 (+22.6%), from €36,918 to €45,265
- Profit (loss) carried forward +€7,971
up €7,971 (+40.0%), from -€19,938 to -€11,967
- Gross operating margin +€1,857
up €1,857 (+10.4%), from €17,862 to €19,719
- Financial charges -€503
down €503 (-10.1%), from €4,990 to €4,487
- Depreciation +€461
up €461 (+7.2%), from €6,400 to €6,861
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 | €150,854 | €151,687 | +€833 | +0.6% |
| Fixed assets | 21/28 | €145,600 | €149,805 | +€4,205 | +2.9% |
| Tangible fixed assets | 22/27 | €145,600 | €149,805 | +€4,205 | +2.9% |
| Land and buildings | 22 | €145,600 | €149,805 | +€4,205 | +2.9% |
| Current assets | 29/58 | €5,254 | €1,881 | -€3,372 | -64.2% |
| Amounts receivable within one year | 40/41 | - | €159 | +€159 | |
| Other amounts receivable | 41 | - | €159 | +€159 | |
| Cash at bank and in hand | 54/58 | €5,254 | €1,723 | -€3,531 | -67.2% |
| Total equity and liabilities | 10/49 | €150,854 | €151,687 | +€833 | +0.6% |
| Equity | 10/15 | -€16,938 | -€8,967 | +€7,971 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,938 | -€11,967 | +€7,971 | +40.0% |
| Amounts payable | 17/49 | €167,792 | €160,653 | -€7,138 | -4.3% |
| Amounts payable after more than one year | 17 | €115,389 | €100,216 | -€15,173 | -13.1% |
| Financial debts | 170/4 | €115,389 | €100,216 | -€15,173 | -13.1% |
| Amounts payable within one year | 42/48 | €52,403 | €60,437 | +€8,034 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €14,638 | €15,173 | +€534 | +3.6% |
| Trade debts | 44 | €847 | - | -€847 | |
| Suppliers | 440/4 | €847 | - | -€847 | |
| Other amounts payable | 47/48 | €36,918 | €45,265 | +€8,347 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,400 | €6,861 | +€461 | +7.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,862 | €19,719 | +€1,857 | +10.4% |
| Operating profit (loss) | 9901 | €11,075 | €12,458 | +€1,384 | +12.5% |
| Financial charges | 65/66B | €4,990 | €4,487 | -€503 | -10.1% |
| Recurring financial charges | 65 | €4,990 | €4,487 | -€503 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €6,084 | €7,971 | +€1,887 | +31.0% |
| Profit (loss) for the period | 9904 | €6,084 | €7,971 | +€1,887 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,084 | €7,971 | +€1,887 | +31.0% |
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 29 September 2026 via checked.be.