CORMAN 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.
CORMAN IMMO
Largest movements
- Tangible fixed assets -€24,705
down €24,705 (-7.3%), from €340,538 to €315,833
of which Land and buildings: -€29,922
- Cash +€6,717
up €6,717 (+199.6%), from €3,365 to €10,081
mainly Depreciation (+€32,746) and Net result for the year (+€7,440)
- Other debts -€19,850
down €19,850 (-49.6%), from €40,000 to €20,150
- Profit (loss) carried forward +€7,440
up €7,440 (+5.3%), from €139,108 to €146,548
- Tax, wage and social debts -€4,458
down €4,458 (-98.6%), from €4,524 to €65
- Gross operating margin +€12,314
up €12,314 (+32.0%), from €38,449 to €50,763
- Depreciation +€10,456
up €10,456 (+46.9%), from €22,291 to €32,746
- Other operating charges +€2,549
up €2,549 (+61.3%), from €4,158 to €6,708
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 | €349,450 | €332,522 | -€16,929 | -4.8% |
| Fixed assets | 21/28 | €340,985 | €316,280 | -€24,705 | -7.2% |
| Tangible fixed assets | 22/27 | €340,538 | €315,833 | -€24,705 | -7.3% |
| Land and buildings | 22 | €339,547 | €309,625 | -€29,922 | -8.8% |
| Plant, machinery and equipment | 23 | €348 | €200 | -€147 | -42.4% |
| Furniture and vehicles | 24 | €644 | €6,008 | +€5,364 | +833.6% |
| Financial fixed assets | 28 | €447 | €447 | = | 0.0% |
| Current assets | 29/58 | €8,466 | €16,242 | +€7,776 | +91.9% |
| Amounts receivable within one year | 40/41 | €3,117 | €4,112 | +€995 | +31.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,117 | €4,112 | +€995 | +31.9% |
| Cash at bank and in hand | 54/58 | €3,365 | €10,081 | +€6,717 | +199.6% |
| Deferred charges and accrued income | 490/1 | €1,984 | €2,049 | +€65 | +3.3% |
| Total equity and liabilities | 10/49 | €349,450 | €332,522 | -€16,929 | -4.8% |
| Equity | 10/15 | €304,801 | €312,241 | +€7,440 | +2.4% |
| Contributions | 10/11 | €57,437 | €57,437 | = | 0.0% |
| Reserves | 13 | €108,256 | €108,256 | = | 0.0% |
| Distributable reserves | 133 | €108,256 | €108,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,108 | €146,548 | +€7,440 | +5.3% |
| Amounts payable | 17/49 | €44,650 | €20,281 | -€24,369 | -54.6% |
| Amounts payable within one year | 42/48 | €44,650 | €20,281 | -€24,369 | -54.6% |
| Trade debts | 44 | €126 | €66 | -€60 | -47.9% |
| Suppliers | 440/4 | €126 | €66 | -€60 | -47.9% |
| Taxes, remuneration and social security | 45 | €4,524 | €65 | -€4,458 | -98.6% |
| Taxes | 450/3 | €4,524 | €65 | -€4,458 | -98.6% |
| Other amounts payable | 47/48 | €40,000 | €20,150 | -€19,850 | -49.6% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,291 | €32,746 | +€10,456 | +46.9% |
| Other operating charges | 640/8 | €4,158 | €6,708 | +€2,549 | +61.3% |
| Non-recurring operating charges | 66A | €1,546 | €726 | -€820 | -53.0% |
| Gross operating margin | 9900 | €38,449 | €50,763 | +€12,314 | +32.0% |
| Operating profit (loss) | 9901 | €10,454 | €10,583 | +€129 | +1.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €427 | €150 | -€277 | -64.9% |
| Recurring financial charges | 65 | €427 | €150 | -€277 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €10,027 | €10,436 | +€408 | +4.1% |
| Income taxes | 67/77 | €2,894 | €2,995 | +€101 | +3.5% |
| Profit (loss) for the period | 9904 | €7,133 | €7,440 | +€307 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,133 | €7,440 | +€307 | +4.3% |
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 2 October 2026 via checked.be.