CEPERIVE: 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.
What changed
CEPERIVE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,453
2024 · -€37,527+€29,074
Equity
€13.3m
2024 · €11.8m+€1.5m
Cash
€1.1m
2024 · €730,342+€407,777
Balance sheet total
€13.7m
2024 · €12.2m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+11.3%), from €9.8m to €10.9m
of which Land and buildings: +€951,027
- Cash +€407,777
up €407,777 (+55.8%), from €730,342 to €1.1m
mainly Contributions, distributions and other (+€1.5m) and Depreciation (+€133,311)
Equity and liabilities
- Contributions +€1.5m
up €1.5m (+12.2%), from €12.3m to €13.8m
Income statement
- Gross operating margin +€39,564
up €39,564 (+34.2%), from €115,733 to €155,297
- Other operating charges +€8,597
up €8,597 (+69.9%), from €12,306 to €20,903
- Provisions +€1,711
up €1,711 (+9.9%), from €17,271 to €18,982
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.
Result 2024
-€37,527
Gross operating margin
+€39,564
Depreciation
+€462
Provisions
-€1,711
Other operating charges
-€8,597
Financial income
-€704
Financial charges
+€60
Result 2025
-€8,453
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.
From operations
+€147,116
Investment
-€1.2m
Financing
+€1.5m
Cash 2024
€730,342
From operations (derived)
+€147,116
Net result for the year
-€8,453
Depreciation
+€133,311
Receivables after one year
+€17,533
Receivables within one year
-€13,557
Smaller working-capital items
+€6,881
Provisions
+€18,982
Trade debts
-€7,581
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€1.5m
Contributions, distributions and other
+€1.5m
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,232,470 | €13,738,931 | +€1.5m | +12.3% |
| Fixed assets | 21/28 | €10,838,444 | €11,944,471 | +€1.1m | +10.2% |
| Tangible fixed assets | 22/27 | €9,805,194 | €10,911,221 | +€1.1m | +11.3% |
| Land and buildings | 22 | €9,079,658 | €10,030,686 | +€951,027 | +10.5% |
| Other tangible fixed assets | 26 | €725,535 | €725,535 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €155,000 | +€155,000 | |
| Financial fixed assets | 28 | €1,033,250 | €1,033,250 | = | 0.0% |
| Current assets | 29/58 | €1,394,027 | €1,794,460 | +€400,434 | +28.7% |
| Amounts receivable after more than one year | 29 | €564,147 | €546,615 | -€17,533 | -3.1% |
| Other amounts receivable | 291 | €564,147 | €546,615 | -€17,533 | -3.1% |
| Amounts receivable within one year | 40/41 | €75,816 | €89,374 | +€13,557 | +17.9% |
| Trade receivables | 40 | €8,084 | €17,911 | +€9,828 | +121.6% |
| Other amounts receivable | 41 | €67,733 | €71,462 | +€3,730 | +5.5% |
| Cash at bank and in hand | 54/58 | €730,342 | €1,138,119 | +€407,777 | +55.8% |
| Deferred charges and accrued income | 490/1 | €23,721 | €20,353 | -€3,368 | -14.2% |
| Total equity and liabilities | 10/49 | €12,232,470 | €13,738,931 | +€1.5m | +12.3% |
| Equity | 10/15 | €11,839,629 | €13,331,176 | +€1.5m | +12.6% |
| Contributions | 10/11 | €12,300,000 | €13,800,000 | +€1.5m | +12.2% |
| Capital | 10 | €12,300,000 | €13,800,000 | +€1.5m | +12.2% |
| Issued capital | 100 | €16,050,000 | €16,050,000 | = | 0.0% |
| Uncalled capital | 101 | €3,750,000 | €2,250,000 | -€1.5m | -40.0% |
| Profit (loss) carried forward | 14 | -€460,371 | -€468,824 | -€8,453 | -1.8% |
| Provisions and deferred taxes | 16 | €119,940 | €138,922 | +€18,982 | +15.8% |
| Provisions for liabilities and charges | 160/5 | €119,940 | €138,922 | +€18,982 | +15.8% |
| Major repairs and maintenance | 162 | €119,940 | €138,922 | +€18,982 | +15.8% |
| Amounts payable | 17/49 | €272,901 | €268,833 | -€4,068 | -1.5% |
| Amounts payable within one year | 42/48 | €264,521 | €256,940 | -€7,581 | -2.9% |
| Trade debts | 44 | €7,682 | €101 | -€7,581 | -98.7% |
| Suppliers | 440/4 | €7,682 | €101 | -€7,581 | -98.7% |
| Taxes, remuneration and social security | 45 | €450 | €450 | = | 0.0% |
| Taxes | 450/3 | €450 | €450 | = | 0.0% |
| Other amounts payable | 47/48 | €256,389 | €256,389 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,380 | €11,893 | +€3,513 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,772 | €133,311 | -€462 | -0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,271 | €18,982 | +€1,711 | +9.9% |
| Other operating charges | 640/8 | €12,306 | €20,903 | +€8,597 | +69.9% |
| Gross operating margin | 9900 | €115,733 | €155,297 | +€39,564 | +34.2% |
| Operating profit (loss) | 9901 | -€47,616 | -€17,898 | +€29,718 | +62.4% |
| Financial income | 75/76B | €12,844 | €12,139 | -€704 | -5.5% |
| Recurring financial income | 75 | €12,844 | €12,139 | -€704 | -5.5% |
| Financial charges | 65/66B | €2,754 | €2,694 | -€60 | -2.2% |
| Recurring financial charges | 65 | €2,754 | €2,694 | -€60 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,527 | -€8,453 | +€29,074 | +77.5% |
| Profit (loss) for the period | 9904 | -€37,527 | -€8,453 | +€29,074 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,527 | -€8,453 | +€29,074 | +77.5% |
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 3 October 2026 via checked.be.