CETI 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.
CETI IMMO
Largest movements
- Tangible fixed assets -€32,239
down €32,239 (-9.0%), from €359,448 to €327,209
- Cash -€9,143
down €9,143 (-44.7%), from €20,449 to €11,307
mainly Contributions, distributions and other (-€55,009) and Debts after one year (-€11,489)
- Profit (loss) carried forward -€25,414
down €25,414 (-51.4%), from €49,418 to €24,005
- Debts after one year -€11,489
down €11,489 (-10.2%), from €112,725 to €101,235
- Other debts -€4,925
down €4,925 (-5.0%), from €98,435 to €93,510
- Gross operating margin +€8,162
up €8,162 (+10.4%), from €78,698 to €86,860
- Financial charges +€3,764
up €3,764 (+85.2%), from €4,419 to €8,183
of which Non-recurring financial charges: +€3,069
- Depreciation -€3,289
down €3,289 (-9.3%), from €35,528 to €32,239
- Taxes +€1,864
up €1,864 (+24.6%), from €7,587 to €9,452
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 | €389,969 | €349,126 | -€40,842 | -10.5% |
| Fixed assets | 21/28 | €362,516 | €327,209 | -€35,307 | -9.7% |
| Tangible fixed assets | 22/27 | €359,448 | €327,209 | -€32,239 | -9.0% |
| Land and buildings | 22 | €359,448 | €327,209 | -€32,239 | -9.0% |
| Financial fixed assets | 28 | €3,069 | - | -€3,069 | |
| Current assets | 29/58 | €27,452 | €21,917 | -€5,535 | -20.2% |
| Amounts receivable within one year | 40/41 | €4,132 | €7,583 | +€3,451 | +83.5% |
| Other amounts receivable | 41 | €4,132 | €7,583 | +€3,451 | +83.5% |
| Cash at bank and in hand | 54/58 | €20,449 | €11,307 | -€9,143 | -44.7% |
| Deferred charges and accrued income | 490/1 | €2,871 | €3,027 | +€156 | +5.4% |
| Total equity and liabilities | 10/49 | €389,969 | €349,126 | -€40,842 | -10.5% |
| Equity | 10/15 | €154,563 | €128,141 | -€26,423 | -17.1% |
| Contributions | 10/11 | €91,000 | €91,000 | = | 0.0% |
| Capital | 10 | €91,000 | €91,000 | = | 0.0% |
| Issued capital | 100 | €91,000 | €91,000 | = | 0.0% |
| Reserves | 13 | €9,100 | €9,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,100 | €9,100 | = | 0.0% |
| Legal reserve | 130 | €9,100 | €9,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,418 | €24,005 | -€25,414 | -51.4% |
| Investment grants | 15 | €5,045 | €4,036 | -€1,009 | -20.0% |
| Amounts payable | 17/49 | €235,405 | €220,986 | -€14,420 | -6.1% |
| Amounts payable after more than one year | 17 | €112,725 | €101,235 | -€11,489 | -10.2% |
| Financial debts | 170/4 | €112,725 | €101,235 | -€11,489 | -10.2% |
| Amounts payable within one year | 42/48 | €121,531 | €118,576 | -€2,955 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €20,224 | €20,677 | +€453 | +2.2% |
| Trade debts | 44 | €2,871 | €4,389 | +€1,517 | +52.9% |
| Suppliers | 440/4 | €2,871 | €4,389 | +€1,517 | +52.9% |
| Other amounts payable | 47/48 | €98,435 | €93,510 | -€4,925 | -5.0% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,175 | +€25 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,528 | €32,239 | -€3,289 | -9.3% |
| Other operating charges | 640/8 | €8,706 | €9,410 | +€704 | +8.1% |
| Gross operating margin | 9900 | €78,698 | €86,860 | +€8,162 | +10.4% |
| Operating profit (loss) | 9901 | €34,464 | €45,212 | +€10,747 | +31.2% |
| Financial income | 75/76B | €1,009 | €1,009 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,009 | €1,009 | +€0 | 0.0% |
| Financial charges | 65/66B | €4,419 | €8,183 | +€3,764 | +85.2% |
| Recurring financial charges | 65 | €4,419 | €5,114 | +€695 | +15.7% |
| Non-recurring financial charges | 66B | - | €3,069 | +€3,069 | |
| Profit (loss) for the period before taxes | 9903 | €31,055 | €38,038 | +€6,984 | +22.5% |
| Income taxes | 67/77 | €7,587 | €9,452 | +€1,864 | +24.6% |
| Profit (loss) for the period | 9904 | €23,467 | €28,586 | +€5,119 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,467 | €28,586 | +€5,119 | +21.8% |
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 13 October 2026 via checked.be.