CEMAC 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.
CEMAC IMMO
Largest movements
- Tangible fixed assets -€11,475
down €11,475 (-9.5%), from €120,825 to €109,350
- Cash -€2,817
down €2,817 (-98.6%), from €2,856 to €39
mainly Net result for the year (-€14,954) and Trade debts (-€3,824)
- Profit (loss) carried forward -€14,954
down €14,954 (-18.4%), from -€81,492 to -€96,446
- Other debts +€4,486
up €4,486 (+6.8%), from €65,765 to €70,252
- Trade debts -€3,824
down €3,824 (-86.8%), from €4,408 to €583
- Gross operating margin -€5,833
down €5,833 (-86.2%), from €6,764 to €932
- Other operating charges +€137
up €137 (+3.3%), from €4,216 to €4,353
- Financial charges -€104
down €104 (-64.2%), from €162 to €58
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 | €123,681 | €109,389 | -€14,292 | -11.6% |
| Fixed assets | 21/28 | €120,825 | €109,350 | -€11,475 | -9.5% |
| Tangible fixed assets | 22/27 | €120,825 | €109,350 | -€11,475 | -9.5% |
| Land and buildings | 22 | €120,825 | €109,350 | -€11,475 | -9.5% |
| Current assets | 29/58 | €2,856 | €39 | -€2,817 | -98.6% |
| Cash at bank and in hand | 54/58 | €2,856 | €39 | -€2,817 | -98.6% |
| Total equity and liabilities | 10/49 | €123,681 | €109,389 | -€14,292 | -11.6% |
| Equity | 10/15 | €53,508 | €38,554 | -€14,954 | -27.9% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,492 | -€96,446 | -€14,954 | -18.4% |
| Amounts payable | 17/49 | €70,173 | €70,835 | +€662 | +0.9% |
| Amounts payable within one year | 42/48 | €70,173 | €70,835 | +€662 | +0.9% |
| Trade debts | 44 | €4,408 | €583 | -€3,824 | -86.8% |
| Suppliers | 440/4 | €4,408 | €583 | -€3,824 | -86.8% |
| Other amounts payable | 47/48 | €65,765 | €70,252 | +€4,486 | +6.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,475 | €11,475 | = | 0.0% |
| Other operating charges | 640/8 | €4,216 | €4,353 | +€137 | +3.3% |
| Gross operating margin | 9900 | €6,764 | €932 | -€5,833 | -86.2% |
| Operating profit (loss) | 9901 | -€8,926 | -€14,896 | -€5,970 | -66.9% |
| Financial charges | 65/66B | €162 | €58 | -€104 | -64.2% |
| Recurring financial charges | 65 | €162 | €58 | -€104 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,088 | -€14,954 | -€5,866 | -64.5% |
| Profit (loss) for the period | 9904 | -€9,088 | -€14,954 | -€5,866 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,088 | -€14,954 | -€5,866 | -64.5% |
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 6 October 2026 via checked.be.