CEPRIM: 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.
What changed
CEPRIM
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€271,653
2024 · -€266,671-€4,982
Equity
€5.9m
2024 · €6.1m-€271,653
Cash
€119,454
2024 · €125,237-€5,783
Balance sheet total
€15.3m
2024 · €16.1m-€749,983
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-29.3%), from €3.6m to €2.6m
of which Other amounts receivable: -€1.1m
- Tangible fixed assets +€320,121
up €320,121 (+2.6%), from €12.3m to €12.6m
Equity and liabilities
- Debts after one year -€314,396
down €314,396 (-4.1%), from €7.6m to €7.3m
- Reserves -€201,594
down €201,594 (-4.1%), from €4.9m to €4.7m
of which Tax-exempt reserves: -€201,594
Income statement
- Financial income -€109,412
down €109,412 (-46.0%), from €238,044 to €128,633
- Financial charges -€85,939
down €85,939 (-23.1%), from €371,845 to €285,906
- Depreciation +€51,913
up €51,913 (+10.6%), from €489,679 to €541,592
- Gross operating margin +€35,116
up €35,116 (+8.5%), from €414,923 to €450,039
- Other operating charges -€22,194
down €22,194 (-20.1%), from €110,314 to €88,119
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
-€266,671
Gross operating margin
+€35,116
Depreciation
-€51,913
Other operating charges
+€22,194
Other operating items
-€1,739
Financial income
-€109,412
Financial charges
+€85,939
Taxes
+€2,936
Deferred taxes and other
+€11,898
Result 2025
-€271,653
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
+€1.2m
Investment
-€861,713
Financing
-€314,396
Cash 2024
€125,237
From operations (derived)
+€1.2m
Net result for the year
-€271,653
Depreciation
+€541,592
Receivables within one year
+€1.1m
Deferred charges and accrued income
+€1,863
Provisions
-€67,198
Trade debts
-€62,166
Tax, wage and social debts
-€30,641
Accrued charges and deferred income
-€3,928
Investment (derived)
-€861,713
Investment in fixed assets (net)
-€861,713
Financing
-€314,396
Debts after one year
-€314,396
Cash 2025
€119,454
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,084,813 | €15,334,831 | -€749,983 | -4.7% |
| Fixed assets | 21/28 | €12,325,584 | €12,645,705 | +€320,121 | +2.6% |
| Tangible fixed assets | 22/27 | €12,307,584 | €12,627,705 | +€320,121 | +2.6% |
| Land and buildings | 22 | €12,307,584 | €12,627,705 | +€320,121 | +2.6% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €3,759,229 | €2,689,126 | -€1.1m | -28.5% |
| Amounts receivable within one year | 40/41 | €3,632,128 | €2,569,671 | -€1.1m | -29.3% |
| Trade receivables | 40 | €333 | €78,744 | +€78,410 | +23522.0% |
| Other amounts receivable | 41 | €3,631,795 | €2,490,928 | -€1.1m | -31.4% |
| Cash at bank and in hand | 54/58 | €125,237 | €119,454 | -€5,783 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,863 | €0 | -€1,863 | -100.0% |
| Total equity and liabilities | 10/49 | €16,084,813 | €15,334,831 | -€749,983 | -4.7% |
| Equity | 10/15 | €6,149,148 | €5,877,495 | -€271,653 | -4.4% |
| Contributions | 10/11 | €1,716,900 | €1,716,900 | = | 0.0% |
| Capital | 10 | €1,716,900 | €1,716,900 | = | 0.0% |
| Issued capital | 100 | €1,716,900 | €1,716,900 | = | 0.0% |
| Reserves | 13 | €4,928,425 | €4,726,831 | -€201,594 | -4.1% |
| Non-distributable reserves | 130/1 | €128,700 | €128,700 | = | 0.0% |
| Legal reserve | 130 | €128,700 | €128,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,799,725 | €4,598,131 | -€201,594 | -4.2% |
| Profit (loss) carried forward | 14 | -€496,178 | -€566,236 | -€70,059 | -14.1% |
| Provisions and deferred taxes | 16 | €1,599,871 | €1,532,673 | -€67,198 | -4.2% |
| Deferred taxes | 168 | €1,599,871 | €1,532,673 | -€67,198 | -4.2% |
| Amounts payable | 17/49 | €8,335,794 | €7,924,662 | -€411,132 | -4.9% |
| Amounts payable after more than one year | 17 | €7,634,467 | €7,320,071 | -€314,396 | -4.1% |
| Financial debts | 170/4 | €7,634,467 | €7,320,071 | -€314,396 | -4.1% |
| Amounts payable within one year | 42/48 | €680,308 | €587,500 | -€92,808 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €314,396 | €314,396 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €135,270 | €73,104 | -€62,166 | -46.0% |
| Suppliers | 440/4 | €135,270 | €73,104 | -€62,166 | -46.0% |
| Taxes, remuneration and social security | 45 | €30,641 | €0 | -€30,641 | -100.0% |
| Taxes | 450/3 | €30,641 | €0 | -€30,641 | -100.0% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,020 | €17,091 | -€3,928 | -18.7% |
| Non-recurring operating income | 76A | €11,689 | €6,894 | -€4,795 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489,679 | €541,592 | +€51,913 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €110,314 | €88,119 | -€22,194 | -20.1% |
| Non-recurring operating charges | 66A | €165 | €1,904 | +€1,739 | +1054.2% |
| Gross operating margin | 9900 | €414,923 | €450,039 | +€35,116 | +8.5% |
| Operating profit (loss) | 9901 | -€185,235 | -€181,577 | +€3,658 | +2.0% |
| Financial income | 75/76B | €238,044 | €128,633 | -€109,412 | -46.0% |
| Recurring financial income | 75 | €238,044 | €128,633 | -€109,412 | -46.0% |
| Financial charges | 65/66B | €371,845 | €285,906 | -€85,939 | -23.1% |
| Recurring financial charges | 65 | €371,845 | €285,906 | -€85,939 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€319,035 | -€338,851 | -€19,815 | -6.2% |
| Transfer from deferred taxes | 780 | €55,300 | €67,198 | +€11,898 | +21.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €2,936 | €0 | -€2,936 | -100.0% |
| Profit (loss) for the period | 9904 | -€266,671 | -€271,653 | -€4,982 | -1.9% |
| Transfer from tax-exempt reserves | 789 | €165,901 | €201,594 | +€35,693 | +21.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€100,770 | -€70,059 | +€30,711 | +30.5% |
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 9 October 2026 via checked.be.