CMD 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.
CMD IMMO
Largest movements
- Tangible fixed assets -€11,630
down €11,630 (-3.5%), from €328,665 to €317,035
- Debts after one year -€28,008
down €28,008 (-10.7%), from €261,540 to €233,532
- Profit (loss) carried forward +€11,064
up €11,064 (+14.3%), from -€77,464 to -€66,400
- Other debts +€11,037
up €11,037 (+21.2%), from €52,039 to €63,076
- Trade debts -€8,754
down €8,754 (-46.8%), from €18,688 to €9,934
- Gross operating margin +€2,259
up €2,259 (+7.0%), from €32,093 to €34,352
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 | €331,180 | €320,552 | -€10,628 | -3.2% |
| Fixed assets | 21/28 | €328,665 | €317,035 | -€11,630 | -3.5% |
| Tangible fixed assets | 22/27 | €328,665 | €317,035 | -€11,630 | -3.5% |
| Land and buildings | 22 | €328,665 | €317,035 | -€11,630 | -3.5% |
| Current assets | 29/58 | €2,515 | €3,517 | +€1,002 | +39.8% |
| Cash at bank and in hand | 54/58 | €2,515 | €3,517 | +€1,002 | +39.8% |
| Total equity and liabilities | 10/49 | €331,180 | €320,552 | -€10,628 | -3.2% |
| Equity | 10/15 | -€71,064 | -€60,000 | +€11,064 | +15.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Outside capital | 11 | €6,400 | €6,400 | = | 0.0% |
| Other | 1109/19 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,464 | -€66,400 | +€11,064 | +14.3% |
| Amounts payable | 17/49 | €402,244 | €380,553 | -€21,692 | -5.4% |
| Amounts payable after more than one year | 17 | €261,540 | €233,532 | -€28,008 | -10.7% |
| Financial debts | 170/4 | €261,540 | €233,532 | -€28,008 | -10.7% |
| Amounts payable within one year | 42/48 | €140,705 | €146,131 | +€5,426 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €69,977 | €73,120 | +€3,143 | +4.5% |
| Trade debts | 44 | €18,688 | €9,934 | -€8,754 | -46.8% |
| Suppliers | 440/4 | €18,688 | €9,934 | -€8,754 | -46.8% |
| Other amounts payable | 47/48 | €52,039 | €63,076 | +€11,037 | +21.2% |
| Accrued charges and deferred income | 492/3 | - | €890 | +€890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,630 | €11,630 | = | 0.0% |
| Other operating charges | 640/8 | €3,181 | €3,280 | +€100 | +3.1% |
| Gross operating margin | 9900 | €32,093 | €34,352 | +€2,259 | +7.0% |
| Operating profit (loss) | 9901 | €17,283 | €19,441 | +€2,159 | +12.5% |
| Financial charges | 65/66B | €8,702 | €8,378 | -€324 | -3.7% |
| Recurring financial charges | 65 | €8,702 | €8,378 | -€324 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €8,581 | €11,064 | +€2,482 | +28.9% |
| Profit (loss) for the period | 9904 | €8,581 | €11,064 | +€2,482 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,581 | €11,064 | +€2,482 | +28.9% |
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 29 September 2026 via checked.be.