CORTIL 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.
CORTIL IMMO
Largest movements
- Tangible fixed assets -€98,012
down €98,012 (-4.2%), from €2.3m to €2.2m
of which Land and buildings: -€81,912
- Other debts -€446,614
down €446,614 (-100.0%), from €446,614 to €0
- Debts after one year +€328,653
up €328,653 (+19.1%), from €1.7m to €2.1m
of which Other amounts payable: +€583,859
- Turnover -€224,356
no longer reported in 2025 (was €224,356)
- Financial income -€41,186
down €41,186 (-99.7%), from €41,302 to €116
of which Non-recurring financial income: -€41,036
- Purchases and services -€39,058
no longer reported in 2025 (was €39,058)
- Depreciation -€7,245
down €7,245 (-5.1%), from €142,739 to €135,493
- Financial charges +€7,163
up €7,163 (+23.3%), from €30,733 to €37,896
of which Financial charges: +€7,283
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 | €2,374,154 | €2,278,535 | -€95,619 | -4.0% |
| Fixed assets | 21/28 | €2,339,054 | €2,241,042 | -€98,012 | -4.2% |
| Tangible fixed assets | 22/27 | €2,339,054 | €2,241,042 | -€98,012 | -4.2% |
| Land and buildings | 22 | €2,318,522 | €2,236,610 | -€81,912 | -3.5% |
| Plant, machinery and equipment | 23 | €11,339 | €4,432 | -€6,907 | -60.9% |
| Other tangible fixed assets | 26 | €9,193 | €0 | -€9,193 | -100.0% |
| Current assets | 29/58 | €35,100 | €37,493 | +€2,393 | +6.8% |
| Amounts receivable within one year | 40/41 | - | €4,090 | +€4,090 | |
| Trade receivables | 40 | - | €2,056 | +€2,056 | |
| Other amounts receivable | 41 | - | €2,035 | +€2,035 | |
| Cash at bank and in hand | 54/58 | €35,100 | €26,538 | -€8,562 | -24.4% |
| Deferred charges and accrued income | 490/1 | - | €6,865 | +€6,865 | |
| Total equity and liabilities | 10/49 | €2,374,154 | €2,278,535 | -€95,619 | -4.0% |
| Equity | 10/15 | €108,058 | €113,118 | +€5,060 | +4.7% |
| Contributions | 10/11 | €564,000 | €564,000 | = | 0.0% |
| Capital | 10 | - | €564,000 | +€564,000 | |
| Issued capital | 100 | - | €564,000 | +€564,000 | |
| Outside capital | 11 | €564,000 | - | -€564,000 | |
| Share premium | 1100/10 | €564,000 | - | -€564,000 | |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €28,400 | €28,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,400 | €28,400 | = | 0.0% |
| Legal reserve | 130 | €28,400 | €28,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€634,342 | -€629,282 | +€5,060 | +0.8% |
| Amounts payable | 17/49 | €2,266,096 | €2,165,417 | -€100,679 | -4.4% |
| Amounts payable after more than one year | 17 | €1,722,109 | €2,050,762 | +€328,653 | +19.1% |
| Financial debts | 170/4 | €1,530,109 | €1,274,902 | -€255,207 | -16.7% |
| Other amounts payable | 178/9 | €192,000 | €775,859 | +€583,859 | +304.1% |
| Amounts payable within one year | 42/48 | €543,987 | €113,521 | -€430,466 | -79.1% |
| Current portion of amounts payable after more than one year | 42 | €74,370 | €93,510 | +€19,141 | +25.7% |
| Trade debts | 44 | €18,703 | €20,011 | +€1,307 | +7.0% |
| Suppliers | 440/4 | €18,703 | €20,011 | +€1,307 | +7.0% |
| Advances received on contracts in progress | 46 | €4,300 | €0 | -€4,300 | -100.0% |
| Other amounts payable | 47/48 | €446,614 | €0 | -€446,614 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,134 | +€1,134 | |
| Turnover | 70 | €224,356 | - | -€224,356 | |
| Non-recurring operating income | 76A | - | €16,300 | +€16,300 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,058 | - | -€39,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,739 | €135,493 | -€7,245 | -5.1% |
| Other operating charges | 640/8 | €13,779 | €13,624 | -€155 | -1.1% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €185,299 | €191,986 | +€6,687 | +3.6% |
| Operating profit (loss) | 9901 | €28,781 | €42,868 | +€14,087 | +48.9% |
| Financial income | 75/76B | €41,302 | €116 | -€41,186 | -99.7% |
| Recurring financial income | 75 | €266 | €116 | -€149 | -56.2% |
| Non-recurring financial income | 76B | €41,036 | - | -€41,036 | |
| Financial charges | 65/66B | €30,733 | €37,896 | +€7,163 | +23.3% |
| Recurring financial charges | 65 | €30,613 | €37,896 | +€7,283 | +23.8% |
| Non-recurring financial charges | 66B | €120 | - | -€120 | |
| Profit (loss) for the period before taxes | 9903 | €39,350 | €5,089 | -€34,262 | -87.1% |
| Income taxes | 67/77 | - | €28 | +€28 | |
| Profit (loss) for the period | 9904 | €39,350 | €5,060 | -€34,290 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,350 | €5,060 | -€34,290 | -87.1% |
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 6 October 2026 via checked.be.