CM IMMO: 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.
CM IMMO
Largest movements
- Tangible fixed assets +€187,636
up €187,636 (+34.9%), from €537,236 to €724,872
of which Assets under construction and advance payments: +€203,385
- Cash -€50,032
down €50,032 (-99.5%), from €50,267 to €235
mainly Investment in fixed assets (net) (-€203,385) and Net result for the year (-€45,310)
- Receivables within one year +€17,725
new in 2025: €17,725
- Other debts +€148,091
up €148,091 (+881.0%), from €16,809 to €164,899
- Debts after one year +€53,802
up €53,802 (+12.3%), from €437,573 to €491,375
- Profit (loss) carried forward -€45,310
down €45,310 (-156.5%), from -€28,945 to -€74,254
- Financial charges +€8,986
up €8,986 (+77.9%), from €11,539 to €20,524
- Gross operating margin -€3,850
down €3,850 (-466.4%), from -€826 to -€4,676
- Depreciation +€2,772
up €2,772 (+20.2%), from €13,708 to €16,480
- Other operating charges +€757
up €757 (+26.4%), from €2,873 to €3,630
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €590,533 | €745,132 | +€154,598 | +26.2% |
| Formation expenses | 20 | €3,030 | €2,300 | -€730 | -24.1% |
| Fixed assets | 21/28 | €537,236 | €724,872 | +€187,636 | +34.9% |
| Tangible fixed assets | 22/27 | €537,236 | €724,872 | +€187,636 | +34.9% |
| Land and buildings | 22 | €537,236 | €521,487 | -€15,750 | -2.9% |
| Assets under construction and advance payments | 27 | - | €203,385 | +€203,385 | |
| Current assets | 29/58 | €50,267 | €17,960 | -€32,307 | -64.3% |
| Amounts receivable within one year | 40/41 | - | €17,725 | +€17,725 | |
| Other amounts receivable | 41 | - | €17,725 | +€17,725 | |
| Cash at bank and in hand | 54/58 | €50,267 | €235 | -€50,032 | -99.5% |
| Total equity and liabilities | 10/49 | €590,533 | €745,132 | +€154,598 | +26.2% |
| Equity | 10/15 | €111,055 | €65,746 | -€45,310 | -40.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,945 | -€74,254 | -€45,310 | -156.5% |
| Amounts payable | 17/49 | €479,478 | €679,386 | +€199,908 | +41.7% |
| Amounts payable after more than one year | 17 | €437,573 | €491,375 | +€53,802 | +12.3% |
| Financial debts | 170/4 | €437,573 | €491,375 | +€53,802 | +12.3% |
| Amounts payable within one year | 42/48 | €41,905 | €188,010 | +€146,106 | +348.7% |
| Current portion of amounts payable after more than one year | 42 | €17,427 | €20,899 | +€3,472 | +19.9% |
| Trade debts | 44 | €7,670 | €2,212 | -€5,457 | -71.2% |
| Suppliers | 440/4 | €7,670 | €2,212 | -€5,457 | -71.2% |
| Other amounts payable | 47/48 | €16,809 | €164,899 | +€148,091 | +881.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,708 | €16,480 | +€2,772 | +20.2% |
| Other operating charges | 640/8 | €2,873 | €3,630 | +€757 | +26.4% |
| Gross operating margin | 9900 | -€826 | -€4,676 | -€3,850 | -466.4% |
| Operating profit (loss) | 9901 | -€17,406 | -€24,786 | -€7,379 | -42.4% |
| Financial charges | 65/66B | €11,539 | €20,524 | +€8,986 | +77.9% |
| Recurring financial charges | 65 | €11,539 | €20,524 | +€8,986 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,945 | -€45,310 | -€16,365 | -56.5% |
| Profit (loss) for the period | 9904 | -€28,945 | -€45,310 | -€16,365 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,945 | -€45,310 | -€16,365 | -56.5% |
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 1 October 2026 via checked.be.