CONIMMO: 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.
What changed
CONIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€669,451
2024 · €762,457-€93,006
Equity
€10.3m
2024 · €9.7m+€669,451
Cash
€15,672
2024 · €83,529-€67,857
Balance sheet total
€21.9m
2024 · €22.5m-€615,944
Largest movements
Assets
- Tangible fixed assets -€566,593
down €566,593 (-5.9%), from €9.6m to €9.0m
of which Land and buildings: -€414,630
Equity and liabilities
- Short-term financial debts -€1.0m
down €1.0m (-17.7%), from €5.7m to €4.7m
- Profit (loss) carried forward +€781,089
up €781,089 (+65.8%), from €1.2m to €2.0m
- Debts after one year -€318,044
down €318,044 (-5.8%), from €5.5m to €5.2m
of which Financial debts: -€318,044
Income statement
- Turnover -€9.2m
no longer reported in 2025 (was €9.2m)
- Goods and materials -€7.6m
no longer reported in 2025 (was €7.6m)
of which Change in stocks: decrease (increase): -€5.7m
- Gross operating margin +€1.9m
new in 2025: €1.9m
- Other operating income -€689,425
no longer reported in 2025 (was €689,425)
- Financial charges -€220,572
down €220,572 (-40.7%), from €542,013 to €321,441
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.
Result 2024
€762,457
Turnover
-€9.2m
Other operating income
-€689,425
Goods and materials
+€7.6m
Services and other goods
+€208,203
Depreciation
-€13,456
Write-downs
-€93,585
Other operating charges
+€82,698
Other operating items
+€1.9m
Financial income
+€394
Financial charges
+€220,572
Taxes
-€81,183
Deferred taxes and other
+€3,020
Result 2025
€669,451
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.5m
Investment
-€289,822
Financing
-€1.3m
Cash 2024
€83,529
From operations (derived)
+€1.5m
Net result for the year
+€669,451
Depreciation
+€856,415
Stocks and contracts
+€189,648
Receivables within one year
-€206,084
Smaller working-capital items
-€3,861
Provisions
-€50,933
Trade debts
-€15,642
Tax, wage and social debts
+€29,466
Advances received
+€66,800
Investment (derived)
-€289,822
Investment in fixed assets (net)
-€289,822
Financing
-€1.3m
Debts after one year
-€318,044
Current portion of long-term debt
+€6,825
Short-term financial debts
-€1.0m
Cash 2025
€15,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,521,585 | €21,905,641 | -€615,944 | -2.7% |
| Fixed assets | 21/28 | €13,633,238 | €13,066,644 | -€566,593 | -4.2% |
| Tangible fixed assets | 22/27 | €9,550,127 | €8,983,534 | -€566,593 | -5.9% |
| Land and buildings | 22 | €8,524,003 | €8,109,373 | -€414,630 | -4.9% |
| Plant, machinery and equipment | 23 | €1,026,124 | €874,161 | -€151,964 | -14.8% |
| Financial fixed assets | 28 | €4,083,111 | €4,083,111 | = | 0.0% |
| Affiliated companies | 280/1 | €4,083,111 | - | -€4.1m | |
| Participating interests | 280 | €4,083,111 | - | -€4.1m | |
| Current assets | 29/58 | €8,888,348 | €8,838,997 | -€49,351 | -0.6% |
| Stocks and contracts in progress | 3 | €319,389 | €129,741 | -€189,648 | -59.4% |
| Stocks | 30/36 | €319,389 | €129,741 | -€189,648 | -59.4% |
| Property held for sale | 35 | €319,389 | - | -€319,389 | |
| Amounts receivable within one year | 40/41 | €8,462,801 | €8,668,885 | +€206,084 | +2.4% |
| Trade receivables | 40 | €17,379 | €108,254 | +€90,875 | +523% |
| Other amounts receivable | 41 | €8,445,422 | €8,560,630 | +€115,209 | +1.4% |
| Cash at bank and in hand | 54/58 | €83,529 | €15,672 | -€67,857 | -81.2% |
| Deferred charges and accrued income | 490/1 | €22,629 | €24,699 | +€2,071 | +9.2% |
| Total equity and liabilities | 10/49 | €22,521,585 | €21,905,641 | -€615,944 | -2.7% |
| Equity | 10/15 | €9,656,762 | €10,326,213 | +€669,451 | +6.9% |
| Contributions | 10/11 | €5,876,926 | €5,876,926 | = | 0.0% |
| Capital | 10 | €5,876,926 | €5,876,926 | = | 0.0% |
| Issued capital | 100 | €5,876,926 | €5,876,926 | = | 0.0% |
| Revaluation surpluses | 12 | €61,000 | €61,000 | = | 0.0% |
| Reserves | 13 | €2,532,342 | €2,420,703 | -€111,639 | -4.4% |
| Non-distributable reserves | 130/1 | €23,593 | €64,702 | +€41,109 | +174% |
| Legal reserve | 130 | €23,593 | €64,702 | +€41,109 | +174% |
| Tax-exempt reserves | 132 | €2,508,749 | €2,356,001 | -€152,748 | -6.1% |
| Profit (loss) carried forward | 14 | €1,186,495 | €1,967,584 | +€781,089 | +65.8% |
| Provisions and deferred taxes | 16 | €836,250 | €785,317 | -€50,933 | -6.1% |
| Deferred taxes | 168 | €836,250 | €785,317 | -€50,933 | -6.1% |
| Amounts payable | 17/49 | €12,028,574 | €10,794,111 | -€1.2m | -10.3% |
| Amounts payable after more than one year | 17 | €5,490,743 | €5,172,698 | -€318,044 | -5.8% |
| Financial debts | 170/4 | €5,472,487 | €5,154,443 | -€318,044 | -5.8% |
| Credit institutions | 173 | €5,472,487 | - | -€5.5m | |
| Other amounts payable | 178/9 | €18,256 | €18,256 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,483,249 | €5,568,622 | -€914,627 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €311,220 | €318,044 | +€6,825 | +2.2% |
| Financial debts | 43 | €5,675,600 | €4,673,524 | -€1.0m | -17.7% |
| Credit institutions | 430/8 | €5,675,600 | €4,673,524 | -€1.0m | -17.7% |
| Trade debts | 44 | €469,713 | €454,070 | -€15,642 | -3.3% |
| Suppliers | 440/4 | €469,713 | €454,070 | -€15,642 | -3.3% |
| Advances received on contracts in progress | 46 | €0 | €66,800 | +€66,800 | |
| Taxes, remuneration and social security | 45 | €26,716 | €56,183 | +€29,466 | +110% |
| Taxes | 450/3 | €26,716 | €56,183 | +€29,466 | +110% |
| Accrued charges and deferred income | 492/3 | €54,582 | €52,791 | -€1,791 | -3.3% |
| Operating income | 70/76A | €9,930,414 | - | -€9.9m | |
| Turnover | 70 | €9,225,776 | - | -€9.2m | |
| Other operating income | 74 | €689,425 | - | -€689,425 | |
| Non-recurring operating income | 76A | €15,214 | €0 | -€15,214 | -100% |
| Operating charges | 60/66A | €8,673,857 | - | -€8.7m | |
| Goods for resale, raw materials and consumables | 60 | €7,613,737 | - | -€7.6m | |
| Purchases | 600/8 | €1,911,355 | - | -€1.9m | |
| Change in stocks: decrease (increase) | 609 | €5,702,382 | - | -€5.7m | |
| Services and other goods | 61 | €208,203 | - | -€208,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842,959 | €856,415 | +€13,456 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€100,000 | -€6,416 | +€93,585 | +93.6% |
| Other operating charges | 640/8 | €108,458 | €25,760 | -€82,698 | -76.2% |
| Non-recurring operating charges | 66A | €500 | €7,156 | +€6,656 | +1,331% |
| Gross operating margin | 9900 | - | €1,903,662 | +€1.9m | |
| Operating profit (loss) | 9901 | €1,256,557 | €1,020,747 | -€235,810 | -18.8% |
| Financial income | 75/76B | - | €394 | +€394 | |
| Recurring financial income | 75 | - | €394 | +€394 | |
| Financial charges | 65/66B | €542,013 | €321,441 | -€220,572 | -40.7% |
| Recurring financial charges | 65 | €542,013 | €321,441 | -€220,572 | -40.7% |
| Debt charges | 650 | €541,755 | - | -€541,755 | |
| Other financial charges | 652/9 | €258 | - | -€258 | |
| Profit (loss) for the period before taxes | 9903 | €714,544 | €699,701 | -€14,844 | -2.1% |
| Transfer from deferred taxes | 780 | €47,912 | €50,933 | +€3,020 | +6.3% |
| Income taxes | 67/77 | - | €81,183 | +€81,183 | |
| Profit (loss) for the period | 9904 | €762,457 | €669,451 | -€93,006 | -12.2% |
| Transfer from tax-exempt reserves | 789 | €143,737 | €152,748 | +€9,010 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €906,194 | €822,199 | -€83,996 | -9.3% |
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 13 October 2026 via checked.be.