CEDIMMO: 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.
CEDIMMO
Largest movements
- Tangible fixed assets -€542,067
down €542,067 (-6.9%), from €7.8m to €7.3m
- Profit (loss) carried forward -€374,272
down €374,272 (-8.2%), from -€4.6m to -€4.9m
- Debts after one year -€168,000
down €168,000 (-11.6%), from €1.4m to €1.3m
- Gross operating margin +€22,512
up €22,512 (+9.7%), from €232,920 to €255,432
- Financial charges -€11,490
down €11,490 (-13.7%), from €83,695 to €72,205
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,415,091 | €11,879,964 | -€535,127 | -4.3% |
| Fixed assets | 21/28 | €12,408,472 | €11,866,405 | -€542,067 | -4.4% |
| Tangible fixed assets | 22/27 | €7,827,522 | €7,285,455 | -€542,067 | -6.9% |
| Land and buildings | 22 | €7,827,522 | €7,285,455 | -€542,067 | -6.9% |
| Financial fixed assets | 28 | €4,580,950 | €4,580,950 | = | 0.0% |
| Current assets | 29/58 | €6,619 | €13,558 | +€6,939 | +104.8% |
| Amounts receivable within one year | 40/41 | €6,619 | €4,581 | -€2,038 | -30.8% |
| Trade receivables | 40 | €3,848 | €3,116 | -€732 | -19.0% |
| Other amounts receivable | 41 | €2,771 | €1,465 | -€1,306 | -47.1% |
| Deferred charges and accrued income | 490/1 | - | €8,978 | +€8,978 | |
| Total equity and liabilities | 10/49 | €12,415,091 | €11,879,964 | -€535,127 | -4.3% |
| Equity | 10/15 | -€26,829 | -€401,101 | -€374,272 | -1395.0% |
| Contributions | 10/11 | €4,400,000 | €4,400,000 | = | 0.0% |
| Capital | 10 | €4,400,000 | €4,400,000 | = | 0.0% |
| Issued capital | 100 | €4,400,000 | €4,400,000 | = | 0.0% |
| Reserves | 13 | €126,800 | €126,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €126,800 | €126,800 | = | 0.0% |
| Legal reserve | 130 | €126,800 | €126,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,553,629 | -€4,927,901 | -€374,272 | -8.2% |
| Amounts payable | 17/49 | €12,441,920 | €12,281,065 | -€160,855 | -1.3% |
| Amounts payable after more than one year | 17 | €1,446,000 | €1,278,000 | -€168,000 | -11.6% |
| Financial debts | 170/4 | €1,446,000 | €1,278,000 | -€168,000 | -11.6% |
| Amounts payable within one year | 42/48 | €10,995,920 | €11,003,065 | +€7,145 | +0.1% |
| Financial debts | 43 | €4,291 | €15,103 | +€10,812 | +251.9% |
| Credit institutions | 430/8 | €4,291 | €15,103 | +€10,812 | +251.9% |
| Trade debts | 44 | €92,654 | €90,203 | -€2,451 | -2.6% |
| Suppliers | 440/4 | €92,654 | €90,203 | -€2,451 | -2.6% |
| Taxes, remuneration and social security | 45 | €46 | - | -€46 | |
| Taxes | 450/3 | €46 | - | -€46 | |
| Other amounts payable | 47/48 | €10,898,927 | €10,897,758 | -€1,169 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542,067 | €542,067 | = | 0.0% |
| Other operating charges | 640/8 | €15,638 | €15,446 | -€192 | -1.2% |
| Gross operating margin | 9900 | €232,920 | €255,432 | +€22,512 | +9.7% |
| Operating profit (loss) | 9901 | -€324,784 | -€302,081 | +€22,704 | +7.0% |
| Financial income | 75/76B | €136 | €13 | -€122 | -90.1% |
| Recurring financial income | 75 | €136 | €13 | -€122 | -90.1% |
| Financial charges | 65/66B | €83,695 | €72,205 | -€11,490 | -13.7% |
| Recurring financial charges | 65 | €83,695 | €72,205 | -€11,490 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€408,344 | -€374,272 | +€34,071 | +8.3% |
| Profit (loss) for the period | 9904 | -€408,344 | -€374,272 | +€34,071 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€408,344 | -€374,272 | +€34,071 | +8.3% |
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 5 October 2026 via checked.be.