CIMMON: 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
CIMMON
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€54,041
2024 · €18,429+€35,611
Equity
€141,563
2024 · €95,522+€46,041
Cash
€64,033
2024 · €61,257+€2,777
Balance sheet total
€1.8m
2024 · €1.8m-€10,103
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€52,416
down €52,416 (-3.3%), from €1.6m to €1.5m
- Reserves +€46,041
up €46,041 (+135.3%), from €34,022 to €80,063
of which Distributable reserves: +€43,339
- Trade debts -€23,713
down €23,713 (-80.5%), from €29,462 to €5,749
Income statement
- Gross operating margin +€37,484
up €37,484 (+23.7%), from €157,868 to €195,351
- Depreciation +€2,431
up €2,431 (+2.9%), from €85,123 to €87,554
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
€18,429
Gross operating margin
+€37,484
Depreciation
-€2,431
Other operating charges
-€443
Financial income
-€22
Financial charges
+€268
Taxes
+€756
Result 2025
€54,041
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
+€130,196
Investment
-€78,795
Financing
-€48,625
Cash 2024
€61,257
From operations (derived)
+€130,196
Net result for the year
+€54,041
Depreciation
+€87,554
Receivables after one year
+€5,152
Receivables within one year
-€949
Smaller working-capital items
+€112
Trade debts
-€23,713
Other debts
+€8,000
Investment (derived)
-€78,795
Investment in fixed assets (net)
-€78,795
Financing
-€48,625
Debts after one year
-€52,416
Current portion of long-term debt
+€11,791
Contributions, distributions and other
-€8,000
Cash 2025
€64,033
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,833,389 | €1,823,287 | -€10,103 | -0.6% |
| Fixed assets | 21/28 | €1,325,086 | €1,316,327 | -€8,759 | -0.7% |
| Tangible fixed assets | 22/27 | €1,325,086 | €1,316,327 | -€8,759 | -0.7% |
| Land and buildings | 22 | €1,325,086 | €1,316,327 | -€8,759 | -0.7% |
| Current assets | 29/58 | €508,304 | €506,960 | -€1,344 | -0.3% |
| Amounts receivable after more than one year | 29 | €426,531 | €421,379 | -€5,152 | -1.2% |
| Other amounts receivable | 291 | €426,531 | €421,379 | -€5,152 | -1.2% |
| Amounts receivable within one year | 40/41 | €19,773 | €20,722 | +€949 | +4.8% |
| Trade receivables | 40 | €17,687 | €18,603 | +€916 | +5.2% |
| Other amounts receivable | 41 | €2,086 | €2,119 | +€33 | +1.6% |
| Current investments | 50/53 | €744 | €744 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,257 | €64,033 | +€2,777 | +4.5% |
| Deferred charges and accrued income | 490/1 | €0 | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €1,833,389 | €1,823,287 | -€10,103 | -0.6% |
| Equity | 10/15 | €95,522 | €141,563 | +€46,041 | +48.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €34,022 | €80,063 | +€46,041 | +135.3% |
| Non-distributable reserves | 130/1 | €1,851 | €4,553 | +€2,702 | +146.0% |
| Legal reserve | 130 | €1,851 | €4,553 | +€2,702 | +146.0% |
| Distributable reserves | 133 | €32,172 | €75,510 | +€43,339 | +134.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,737,867 | €1,681,724 | -€56,144 | -3.2% |
| Amounts payable after more than one year | 17 | €1,576,336 | €1,523,920 | -€52,416 | -3.3% |
| Financial debts | 170/4 | €1,576,336 | €1,523,920 | -€52,416 | -3.3% |
| Amounts payable within one year | 42/48 | €158,800 | €155,035 | -€3,765 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €125,944 | €137,735 | +€11,791 | +9.4% |
| Trade debts | 44 | €29,462 | €5,749 | -€23,713 | -80.5% |
| Suppliers | 440/4 | €29,462 | €5,749 | -€23,713 | -80.5% |
| Taxes, remuneration and social security | 45 | €3,394 | €3,551 | +€157 | +4.6% |
| Taxes | 450/3 | €3,394 | €3,551 | +€157 | +4.6% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Accrued charges and deferred income | 492/3 | €2,731 | €2,768 | +€37 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,123 | €87,554 | +€2,431 | +2.9% |
| Other operating charges | 640/8 | €15,072 | €15,515 | +€443 | +2.9% |
| Gross operating margin | 9900 | €157,868 | €195,351 | +€37,484 | +23.7% |
| Operating profit (loss) | 9901 | €57,672 | €92,282 | +€34,609 | +60.0% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100.0% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100.0% |
| Financial charges | 65/66B | €33,580 | €33,312 | -€268 | -0.8% |
| Recurring financial charges | 65 | €33,580 | €33,312 | -€268 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €24,114 | €58,969 | +€34,855 | +144.5% |
| Income taxes | 67/77 | €5,685 | €4,929 | -€756 | -13.3% |
| Profit (loss) for the period | 9904 | €18,429 | €54,041 | +€35,611 | +193.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,429 | €54,041 | +€35,611 | +193.2% |
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.