CMA-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.
CMA-Immo
Largest movements
- Tangible fixed assets -€20,081
down €20,081 (-5.8%), from €348,451 to €328,369
- Cash +€11,296
up €11,296 (+332.2%), from €3,401 to €14,696
mainly Depreciation (+€21,299) and Net result for the year (+€8,713)
- Current portion of long-term debt -€16,176
no longer reported in 2025 (was €16,176)
- Profit (loss) carried forward +€8,713
up €8,713 (+29.8%), from -€29,246 to -€20,533
- Gross operating margin +€8,243
up €8,243 (+31.4%), from €26,273 to €34,515
- Other operating charges +€484
up €484 (+12.6%), from €3,838 to €4,321
- Financial charges -€350
down €350 (-65.7%), from €532 to €182
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 | €352,762 | €343,995 | -€8,766 | -2.5% |
| Fixed assets | 21/28 | €348,451 | €328,369 | -€20,081 | -5.8% |
| Tangible fixed assets | 22/27 | €348,451 | €328,369 | -€20,081 | -5.8% |
| Land and buildings | 22 | €348,451 | €328,369 | -€20,081 | -5.8% |
| Current assets | 29/58 | €4,311 | €15,626 | +€11,315 | +262.5% |
| Cash at bank and in hand | 54/58 | €3,401 | €14,696 | +€11,296 | +332.2% |
| Deferred charges and accrued income | 490/1 | €910 | €930 | +€19 | +2.1% |
| Total equity and liabilities | 10/49 | €352,762 | €343,995 | -€8,766 | -2.5% |
| Equity | 10/15 | €109,232 | €117,945 | +€8,713 | +8.0% |
| Contributions | 10/11 | €136,683 | €136,683 | = | 0.0% |
| Reserves | 13 | €1,794 | €1,794 | = | 0.0% |
| Distributable reserves | 133 | €1,794 | €1,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,246 | -€20,533 | +€8,713 | +29.8% |
| Amounts payable | 17/49 | €243,530 | €226,050 | -€17,479 | -7.2% |
| Amounts payable after more than one year | 17 | €226,754 | €225,226 | -€1,528 | -0.7% |
| Other amounts payable | 178/9 | €226,754 | €225,226 | -€1,528 | -0.7% |
| Amounts payable within one year | 42/48 | €16,776 | €825 | -€15,951 | -95.1% |
| Current portion of amounts payable after more than one year | 42 | €16,176 | - | -€16,176 | |
| Trade debts | 44 | - | €225 | +€225 | |
| Suppliers | 440/4 | - | €225 | +€225 | |
| Other amounts payable | 47/48 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,061 | €21,299 | +€238 | +1.1% |
| Other operating charges | 640/8 | €3,838 | €4,321 | +€484 | +12.6% |
| Gross operating margin | 9900 | €26,273 | €34,515 | +€8,243 | +31.4% |
| Operating profit (loss) | 9901 | €1,374 | €8,895 | +€7,521 | +547.3% |
| Financial charges | 65/66B | €532 | €182 | -€350 | -65.7% |
| Recurring financial charges | 65 | €532 | €182 | -€350 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €842 | €8,713 | +€7,871 | +934.9% |
| Profit (loss) for the period | 9904 | €842 | €8,713 | +€7,871 | +934.9% |
| Profit (loss) for the period to be appropriated | 9905 | €842 | €8,713 | +€7,871 | +934.9% |
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 6 October 2026 via checked.be.