CM 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.
CM IMMO
Largest movements
- Tangible fixed assets -€14,103
down €14,103 (-3.0%), from €462,752 to €448,650
- Other debts +€64,000
up €64,000 (+22.8%), from €281,213 to €345,213
- Profit (loss) carried forward -€44,666
down €44,666 (-25.4%), from -€175,788 to -€220,454
- Debts after one year -€35,073
down €35,073 (-13.4%), from €260,801 to €225,728
- Financial charges -€127,226
down €127,226 (-83.7%), from €152,051 to €24,826
of which Non-recurring financial charges: -€124,525
- Gross operating margin -€64,373
down €64,373, from €59,555 to -€4,818
- Other operating charges -€2,838
down €2,838 (-45.6%), from €6,221 to €3,383
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 | €469,756 | €454,570 | -€15,186 | -3.2% |
| Fixed assets | 21/28 | €462,752 | €448,650 | -€14,103 | -3.0% |
| Tangible fixed assets | 22/27 | €462,752 | €448,650 | -€14,103 | -3.0% |
| Land and buildings | 22 | €462,752 | €448,650 | -€14,103 | -3.0% |
| Current assets | 29/58 | €7,004 | €5,920 | -€1,084 | -15.5% |
| Amounts receivable within one year | 40/41 | €3,802 | €3,802 | = | 0.0% |
| Trade receivables | 40 | €3,802 | €3,802 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,202 | €2,118 | -€1,084 | -33.8% |
| Total equity and liabilities | 10/49 | €469,756 | €454,570 | -€15,186 | -3.2% |
| Equity | 10/15 | -€117,568 | -€164,081 | -€46,513 | -39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,621 | €37,773 | -€1,847 | -4.7% |
| Tax-exempt reserves | 132 | €39,621 | €37,773 | -€1,847 | -4.7% |
| Profit (loss) carried forward | 14 | -€175,788 | -€220,454 | -€44,666 | -25.4% |
| Provisions and deferred taxes | 16 | €13,207 | €12,591 | -€616 | -4.7% |
| Deferred taxes | 168 | €13,207 | €12,591 | -€616 | -4.7% |
| Amounts payable | 17/49 | €574,117 | €606,060 | +€31,943 | +5.6% |
| Amounts payable after more than one year | 17 | €260,801 | €225,728 | -€35,073 | -13.4% |
| Financial debts | 170/4 | €260,801 | €225,728 | -€35,073 | -13.4% |
| Amounts payable within one year | 42/48 | €313,316 | €380,332 | +€67,015 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €32,103 | €35,073 | +€2,970 | +9.3% |
| Trade debts | 44 | - | €46 | +€46 | |
| Suppliers | 440/4 | - | €46 | +€46 | |
| Other amounts payable | 47/48 | €281,213 | €345,213 | +€64,000 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,103 | €14,103 | = | 0.0% |
| Other operating charges | 640/8 | €6,221 | €3,383 | -€2,838 | -45.6% |
| Gross operating margin | 9900 | €59,555 | -€4,818 | -€64,373 | |
| Operating profit (loss) | 9901 | €39,231 | -€22,303 | -€61,535 | |
| Financial income | 75/76B | €80 | €0 | -€80 | -100% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100% |
| Financial charges | 65/66B | €152,051 | €24,826 | -€127,226 | -83.7% |
| Recurring financial charges | 65 | €27,526 | €24,826 | -€2,701 | -9.8% |
| Non-recurring financial charges | 66B | €124,525 | €0 | -€124,525 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€112,740 | -€47,129 | +€65,611 | +58.2% |
| Transfer from deferred taxes | 780 | €616 | €616 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€112,124 | -€46,513 | +€65,611 | +58.5% |
| Transfer from tax-exempt reserves | 789 | €1,847 | €1,847 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,277 | -€44,666 | +€65,611 | +59.5% |
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 19 October 2026 via checked.be.