CMGC 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.
CMGC IMMO
Largest movements
- Tangible fixed assets +€54,655
up €54,655 (+9.1%), from €597,333 to €651,988
- Debts after one year +€59,706
up €59,706 (+11.1%), from €538,319 to €598,025
- Trade debts -€49,157
down €49,157 (-94.6%), from €51,975 to €2,818
- Current portion of long-term debt +€24,600
up €24,600 (+900.8%), from €2,731 to €27,331
- Other debts +€14,098
up €14,098 (+119.5%), from €11,800 to €25,898
- Gross operating margin +€47,848
up €47,848 (+30869.7%), from €155 to €48,003
- Depreciation +€14,391
up €14,391 (+1642.8%), from €876 to €15,267
- Financial charges +€7,190
up €7,190 (+37.2%), from €19,336 to €26,526
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 | €618,459 | €673,524 | +€55,065 | +8.9% |
| Formation expenses | 20 | €774 | €516 | -€258 | -33.3% |
| Fixed assets | 21/28 | €597,333 | €651,988 | +€54,655 | +9.1% |
| Tangible fixed assets | 22/27 | €597,333 | €651,988 | +€54,655 | +9.1% |
| Land and buildings | 22 | €597,333 | €651,988 | +€54,655 | +9.1% |
| Current assets | 29/58 | €20,352 | €21,020 | +€668 | +3.3% |
| Amounts receivable within one year | 40/41 | €17,249 | €12,025 | -€5,224 | -30.3% |
| Trade receivables | 40 | - | €6,655 | +€6,655 | |
| Other amounts receivable | 41 | €17,249 | €5,370 | -€11,879 | -68.9% |
| Cash at bank and in hand | 54/58 | €3,103 | €8,995 | +€5,892 | +189.9% |
| Total equity and liabilities | 10/49 | €618,459 | €673,524 | +€55,065 | +8.9% |
| Equity | 10/15 | €13,634 | €19,452 | +€5,818 | +42.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,366 | -€80,548 | +€5,818 | +6.7% |
| Amounts payable | 17/49 | €604,825 | €654,072 | +€49,247 | +8.1% |
| Amounts payable after more than one year | 17 | €538,319 | €598,025 | +€59,706 | +11.1% |
| Financial debts | 170/4 | €538,319 | €598,025 | +€59,706 | +11.1% |
| Amounts payable within one year | 42/48 | €66,506 | €56,047 | -€10,459 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €2,731 | €27,331 | +€24,600 | +900.8% |
| Trade debts | 44 | €51,975 | €2,818 | -€49,157 | -94.6% |
| Suppliers | 440/4 | €51,975 | €2,818 | -€49,157 | -94.6% |
| Other amounts payable | 47/48 | €11,800 | €25,898 | +€14,098 | +119.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876 | €15,267 | +€14,391 | +1642.8% |
| Other operating charges | 640/8 | €60 | €441 | +€381 | +635.0% |
| Gross operating margin | 9900 | €155 | €48,003 | +€47,848 | +30869.7% |
| Operating profit (loss) | 9901 | -€781 | €32,295 | +€33,076 | |
| Financial income | 75/76B | €18 | €49 | +€31 | +172.2% |
| Recurring financial income | 75 | €18 | €49 | +€31 | +172.2% |
| Financial charges | 65/66B | €19,336 | €26,526 | +€7,190 | +37.2% |
| Recurring financial charges | 65 | €19,336 | €26,526 | +€7,190 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,099 | €5,818 | +€25,917 | |
| Profit (loss) for the period | 9904 | -€20,099 | €5,818 | +€25,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,099 | €5,818 | +€25,917 |
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 5 October 2026 via checked.be.