CMO Private Estate: 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.
CMO Private Estate
Largest movements
- Tangible fixed assets -€23,674
down €23,674 (-5.3%), from €450,391 to €426,717
- Cash -€6,840
down €6,840 (-84.9%), from €8,056 to €1,217
mainly Debts after one year (-€40,270) and Receivables within one year (-€3,650)
- Debts after one year -€40,270
down €40,270 (-12.5%), from €322,456 to €282,186
- Trade debts +€6,989
up €6,989 (+53.2%), from €13,146 to €20,135
- Profit (loss) carried forward +€5,017
up €5,017, from -€2,053 to €2,964
- Gross operating margin -€3,915
down €3,915 (-6.7%), from €57,999 to €54,084
- Other operating charges +€2,341
up €2,341 (+23.1%), from €10,146 to €12,487
- Financial charges -€1,427
down €1,427 (-10.0%), from €14,333 to €12,906
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 | €458,448 | €431,584 | -€26,864 | -5.9% |
| Fixed assets | 21/28 | €450,391 | €426,717 | -€23,674 | -5.3% |
| Tangible fixed assets | 22/27 | €450,391 | €426,717 | -€23,674 | -5.3% |
| Land and buildings | 22 | €450,391 | €426,717 | -€23,674 | -5.3% |
| Current assets | 29/58 | €8,056 | €4,867 | -€3,190 | -39.6% |
| Amounts receivable within one year | 40/41 | - | €3,650 | +€3,650 | |
| Other amounts receivable | 41 | - | €3,650 | +€3,650 | |
| Cash at bank and in hand | 54/58 | €8,056 | €1,217 | -€6,840 | -84.9% |
| Total equity and liabilities | 10/49 | €458,448 | €431,584 | -€26,864 | -5.9% |
| Equity | 10/15 | €53,448 | €58,464 | +€5,017 | +9.4% |
| Contributions | 10/11 | €55,500 | €55,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,053 | €2,964 | +€5,017 | |
| Amounts payable | 17/49 | €405,000 | €373,120 | -€31,881 | -7.9% |
| Amounts payable after more than one year | 17 | €322,456 | €282,186 | -€40,270 | -12.5% |
| Financial debts | 170/4 | €322,456 | €282,186 | -€40,270 | -12.5% |
| Amounts payable within one year | 42/48 | €82,544 | €90,934 | +€8,389 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €38,820 | €40,270 | +€1,450 | +3.7% |
| Trade debts | 44 | €13,146 | €20,135 | +€6,989 | +53.2% |
| Suppliers | 440/4 | €13,146 | €20,135 | +€6,989 | +53.2% |
| Other amounts payable | 47/48 | €30,578 | €30,528 | -€50 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,674 | €23,674 | = | 0.0% |
| Other operating charges | 640/8 | €10,146 | €12,487 | +€2,341 | +23.1% |
| Gross operating margin | 9900 | €57,999 | €54,084 | -€3,915 | -6.7% |
| Operating profit (loss) | 9901 | €24,178 | €17,923 | -€6,256 | -25.9% |
| Financial charges | 65/66B | €14,333 | €12,906 | -€1,427 | -10.0% |
| Recurring financial charges | 65 | €14,333 | €12,906 | -€1,427 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €9,846 | €5,017 | -€4,829 | -49.0% |
| Profit (loss) for the period | 9904 | €9,846 | €5,017 | -€4,829 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,846 | €5,017 | -€4,829 | -49.0% |
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 29 October 2026 via checked.be.