CP REAL ESTATE DEVELOPMENT: 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.
CP REAL ESTATE DEVELOPMENT
Largest movements
- Cash -€19,496
down €19,496 (-23.4%), from €83,168 to €63,672
mainly Investment in fixed assets (net) (-€16,229) and Debts after one year (-€12,715)
- Receivables within one year +€6,526
up €6,526 (+49.7%), from €13,120 to €19,646
of which Trade receivables: +€4,270
- Receivables after one year +€4,397
new in 2025: €4,397
- Reserves +€14,591
up €14,591 (+10.0%), from €146,566 to €161,157
- Debts after one year -€12,715
down €12,715 (-12.7%), from €99,933 to €87,218
- Trade debts -€7,356
down €7,356 (-61.9%), from €11,881 to €4,525
- Gross operating margin -€21,029
down €21,029 (-25.3%), from €83,137 to €62,108
- Taxes -€7,934
down €7,934 (-40.8%), from €19,423 to €11,489
- Write-downs +€5,397
new in 2025: €5,397
- Depreciation +€2,484
up €2,484 (+16.2%), from €15,379 to €17,863
- Financial charges +€2,347
up €2,347 (+51.6%), from €4,550 to €6,897
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 | €319,965 | €310,165 | -€9,800 | -3.1% |
| Fixed assets | 21/28 | €221,774 | €220,140 | -€1,634 | -0.7% |
| Tangible fixed assets | 22/27 | €209,274 | €207,640 | -€1,634 | -0.8% |
| Land and buildings | 22 | €166,508 | €161,317 | -€5,191 | -3.1% |
| Plant, machinery and equipment | 23 | €7,789 | €9,459 | +€1,670 | +21.4% |
| Furniture and vehicles | 24 | €34,977 | €36,864 | +€1,887 | +5.4% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €98,191 | €90,025 | -€8,166 | -8.3% |
| Amounts receivable after more than one year | 29 | - | €4,397 | +€4,397 | |
| Other amounts receivable | 291 | - | €4,397 | +€4,397 | |
| Amounts receivable within one year | 40/41 | €13,120 | €19,646 | +€6,526 | +49.7% |
| Trade receivables | 40 | €12,744 | €17,014 | +€4,270 | +33.5% |
| Other amounts receivable | 41 | €376 | €2,632 | +€2,256 | +600% |
| Cash at bank and in hand | 54/58 | €83,168 | €63,672 | -€19,496 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,903 | €2,310 | +€407 | +21.4% |
| Total equity and liabilities | 10/49 | €319,965 | €310,165 | -€9,800 | -3.1% |
| Equity | 10/15 | €151,566 | €166,157 | +€14,591 | +9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €146,566 | €161,157 | +€14,591 | +10.0% |
| Distributable reserves | 133 | €146,566 | €161,157 | +€14,591 | +10.0% |
| Amounts payable | 17/49 | €168,399 | €144,008 | -€24,391 | -14.5% |
| Amounts payable after more than one year | 17 | €99,933 | €87,218 | -€12,715 | -12.7% |
| Financial debts | 170/4 | €99,933 | €87,218 | -€12,715 | -12.7% |
| Amounts payable within one year | 42/48 | €68,422 | €56,745 | -€11,677 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €12,487 | €12,715 | +€228 | +1.8% |
| Trade debts | 44 | €11,881 | €4,525 | -€7,356 | -61.9% |
| Suppliers | 440/4 | €11,881 | €4,525 | -€7,356 | -61.9% |
| Taxes, remuneration and social security | 45 | €31,993 | €29,089 | -€2,904 | -9.1% |
| Taxes | 450/3 | €30,241 | €27,489 | -€2,752 | -9.1% |
| Remuneration and social security | 454/9 | €1,752 | €1,600 | -€152 | -8.7% |
| Other amounts payable | 47/48 | €12,061 | €10,416 | -€1,645 | -13.6% |
| Accrued charges and deferred income | 492/3 | €44 | €45 | +€1 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,379 | €17,863 | +€2,484 | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,397 | +€5,397 | |
| Other operating charges | 640/8 | €3,750 | €4,215 | +€465 | +12.4% |
| Gross operating margin | 9900 | €83,137 | €62,108 | -€21,029 | -25.3% |
| Operating profit (loss) | 9901 | €64,008 | €34,633 | -€29,375 | -45.9% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €4,550 | €6,897 | +€2,347 | +51.6% |
| Recurring financial charges | 65 | €4,550 | €6,897 | +€2,347 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €59,458 | €27,746 | -€31,712 | -53.3% |
| Income taxes | 67/77 | €19,423 | €11,489 | -€7,934 | -40.8% |
| Profit (loss) for the period | 9904 | €40,035 | €16,257 | -€23,778 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,035 | €16,257 | -€23,778 | -59.4% |
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.