CELPA 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.
CELPA IMMO
Largest movements
- Cash -€8,743
down €8,743 (-6.1%), from €142,707 to €133,964
mainly Debts after one year (-€33,235) and Investment in fixed assets (net) (-€6,353)
- Tangible fixed assets -€7,700
down €7,700 (-2.1%), from €359,987 to €352,287
- Debts after one year -€33,235
down €33,235 (-7.8%), from €427,468 to €394,233
- Reserves +€12,185
up €12,185 (+509.1%), from €2,393 to €14,579
- Financial charges -€10,172
down €10,172 (-41.1%), from €24,740 to €14,567
- Taxes +€3,746
up €3,746 (+817.1%), from €458 to €4,205
- Gross operating margin +€536
up €536 (+1.2%), from €44,554 to €45,089
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 | €502,693 | €486,251 | -€16,442 | -3.3% |
| Fixed assets | 21/28 | €359,987 | €352,287 | -€7,700 | -2.1% |
| Tangible fixed assets | 22/27 | €359,987 | €352,287 | -€7,700 | -2.1% |
| Land and buildings | 22 | €359,987 | €352,287 | -€7,700 | -2.1% |
| Current assets | 29/58 | €142,707 | €133,964 | -€8,743 | -6.1% |
| Cash at bank and in hand | 54/58 | €142,707 | €133,964 | -€8,743 | -6.1% |
| Total equity and liabilities | 10/49 | €502,693 | €486,251 | -€16,442 | -3.3% |
| Equity | 10/15 | €42,393 | €54,579 | +€12,185 | +28.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €2,393 | €14,579 | +€12,185 | +509.1% |
| Distributable reserves | 133 | €2,393 | €14,579 | +€12,185 | +509.1% |
| Amounts payable | 17/49 | €460,300 | €431,672 | -€28,628 | -6.2% |
| Amounts payable after more than one year | 17 | €427,468 | €394,233 | -€33,235 | -7.8% |
| Financial debts | 170/4 | €427,468 | €394,233 | -€33,235 | -7.8% |
| Amounts payable within one year | 42/48 | €32,832 | €37,439 | +€4,607 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €32,374 | €33,235 | +€861 | +2.7% |
| Taxes, remuneration and social security | 45 | €458 | €4,205 | +€3,746 | +817.1% |
| Taxes | 450/3 | €458 | €4,205 | +€3,746 | +817.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,636 | €14,052 | +€416 | +3.1% |
| Other operating charges | 640/8 | €55 | €80 | +€25 | +45.5% |
| Gross operating margin | 9900 | €44,554 | €45,089 | +€536 | +1.2% |
| Operating profit (loss) | 9901 | €30,863 | €30,957 | +€94 | +0.3% |
| Financial charges | 65/66B | €24,740 | €14,567 | -€10,172 | -41.1% |
| Recurring financial charges | 65 | €24,740 | €14,567 | -€10,172 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €6,123 | €16,390 | +€10,267 | +167.7% |
| Income taxes | 67/77 | €458 | €4,205 | +€3,746 | +817.1% |
| Profit (loss) for the period | 9904 | €5,665 | €12,185 | +€6,521 | +115.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,665 | €12,185 | +€6,521 | +115.1% |
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 12 October 2026 via checked.be.