CEGEAM IMMO: 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.
CEGEAM IMMO
Largest movements
- Tangible fixed assets -€62,422
down €62,422 (-4.4%), from €1.4m to €1.4m
- Receivables within one year -€20,755
down €20,755 (-61.0%), from €33,997 to €13,242
of which Other amounts receivable: -€12,450
- Cash -€18,625
down €18,625 (-57.3%), from €32,478 to €13,852
mainly Debts after one year (-€90,778) and Other debts (-€18,605)
- Debts after one year -€90,778
down €90,778 (-11.3%), from €803,301 to €712,523
of which Other amounts payable: -€50,800
- Other debts -€18,605
down €18,605 (-100%), from €18,605 to €0
- Gross operating margin +€8,236
up €8,236 (+7.9%), from €104,129 to €112,365
- Taxes +€3,804
up €3,804 (+444%), from €856 to €4,660
- Depreciation -€3,725
down €3,725 (-5.6%), from €66,723 to €62,997
- Financial charges -€2,802
down €2,802 (-9.8%), from €28,732 to €25,929
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 | €1,500,881 | €1,408,002 | -€92,878 | -6.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,434,064 | €1,371,641 | -€62,422 | -4.4% |
| Tangible fixed assets | 22/27 | €1,434,064 | €1,371,641 | -€62,422 | -4.4% |
| Land and buildings | 22 | €1,434,064 | €1,371,641 | -€62,422 | -4.4% |
| Current assets | 29/58 | €66,817 | €36,361 | -€30,456 | -45.6% |
| Amounts receivable within one year | 40/41 | €33,997 | €13,242 | -€20,755 | -61.0% |
| Trade receivables | 40 | €8,306 | €0 | -€8,306 | -100% |
| Other amounts receivable | 41 | €25,692 | €13,242 | -€12,450 | -48.5% |
| Cash at bank and in hand | 54/58 | €32,478 | €13,852 | -€18,625 | -57.3% |
| Deferred charges and accrued income | 490/1 | €342 | €9,267 | +€8,924 | +2,608% |
| Total equity and liabilities | 10/49 | €1,500,881 | €1,408,002 | -€92,878 | -6.2% |
| Equity | 10/15 | €639,664 | €652,748 | +€13,084 | +2.0% |
| Contributions | 10/11 | €248,705 | €248,705 | = | 0.0% |
| Reserves | 13 | €166,468 | €166,468 | = | 0.0% |
| Distributable reserves | 133 | €166,468 | €166,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,491 | €237,575 | +€13,084 | +5.8% |
| Amounts payable | 17/49 | €861,217 | €755,254 | -€105,963 | -12.3% |
| Amounts payable after more than one year | 17 | €803,301 | €712,523 | -€90,778 | -11.3% |
| Financial debts | 170/4 | €413,479 | €373,501 | -€39,978 | -9.7% |
| Other amounts payable | 178/9 | €389,822 | €339,022 | -€50,800 | -13.0% |
| Amounts payable within one year | 42/48 | €57,916 | €41,578 | -€16,338 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €38,511 | €39,978 | +€1,467 | +3.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €800 | €1,600 | +€800 | +100% |
| Taxes | 450/3 | €800 | €1,600 | +€800 | +100% |
| Other amounts payable | 47/48 | €18,605 | €0 | -€18,605 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,153 | +€1,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,723 | €62,997 | -€3,725 | -5.6% |
| Other operating charges | 640/8 | €5,520 | €5,694 | +€174 | +3.1% |
| Gross operating margin | 9900 | €104,129 | €112,365 | +€8,236 | +7.9% |
| Operating profit (loss) | 9901 | €31,886 | €43,673 | +€11,787 | +37.0% |
| Financial charges | 65/66B | €28,732 | €25,929 | -€2,802 | -9.8% |
| Recurring financial charges | 65 | €28,732 | €25,929 | -€2,802 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €3,155 | €17,744 | +€14,589 | +462% |
| Income taxes | 67/77 | €856 | €4,660 | +€3,804 | +444% |
| Profit (loss) for the period | 9904 | €2,299 | €13,084 | +€10,786 | +469% |
| Profit (loss) for the period to be appropriated | 9905 | €2,299 | €13,084 | +€10,786 | +469% |
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 16 October 2026 via checked.be.