CPL 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.
CPL IMMO
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+87.4%), from €1.2m to €2.3m
- Cash +€28,630
up €28,630 (+473.6%), from €6,045 to €34,675
mainly Debts after one year (+€1.2m) and Depreciation (+€185,815)
- Debts after one year +€1.2m
up €1.2m (+1022.5%), from €114,569 to €1.3m
of which Financial debts: +€971,472
- Profit (loss) carried forward -€99,729
down €99,729 (-582.4%), from -€17,123 to -€116,852
- Short-term financial debts -€56,340
down €56,340 (-8.7%), from €647,810 to €591,470
- Current portion of long-term debt +€50,345
new in 2025: €50,345
- Trade debts +€31,029
up €31,029 (+1437.3%), from €2,159 to €33,188
- Depreciation +€150,445
up €150,445 (+425.3%), from €35,370 to €185,815
- Gross operating margin +€61,276
up €61,276 (+60.8%), from €100,707 to €161,983
- Financial charges -€10,073
down €10,073 (-23.2%), from €43,405 to €33,332
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 | €1,217,300 | €2,310,739 | +€1.1m | +89.8% |
| Fixed assets | 21/28 | €1,211,240 | €2,269,998 | +€1.1m | +87.4% |
| Tangible fixed assets | 22/27 | €1,211,240 | €2,269,998 | +€1.1m | +87.4% |
| Land and buildings | 22 | €1,211,240 | €2,269,998 | +€1.1m | +87.4% |
| Current assets | 29/58 | €6,060 | €40,741 | +€34,680 | +572.3% |
| Amounts receivable within one year | 40/41 | €0 | €6,050 | +€6,050 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €6,050 | +€6,050 | |
| Cash at bank and in hand | 54/58 | €6,045 | €34,675 | +€28,630 | +473.6% |
| Deferred charges and accrued income | 490/1 | €15 | €15 | +€1 | +3.4% |
| Total equity and liabilities | 10/49 | €1,217,300 | €2,310,739 | +€1.1m | +89.8% |
| Equity | 10/15 | €442,418 | €342,689 | -€99,729 | -22.5% |
| Contributions | 10/11 | €245,428 | €245,428 | = | 0.0% |
| Capital | 10 | €245,428 | €245,428 | = | 0.0% |
| Issued capital | 100 | €245,428 | €245,428 | = | 0.0% |
| Reserves | 13 | €214,114 | €214,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,543 | €24,543 | = | 0.0% |
| Legal reserve | 130 | €24,543 | €24,543 | = | 0.0% |
| Distributable reserves | 133 | €189,571 | €189,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,123 | -€116,852 | -€99,729 | -582.4% |
| Amounts payable | 17/49 | €774,882 | €1,968,050 | +€1.2m | +154.0% |
| Amounts payable after more than one year | 17 | €114,569 | €1,286,041 | +€1.2m | +1022.5% |
| Financial debts | 170/4 | - | €971,472 | +€971,472 | |
| Other amounts payable | 178/9 | €114,569 | €314,569 | +€200,000 | +174.6% |
| Amounts payable within one year | 42/48 | €655,123 | €678,247 | +€23,124 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | - | €50,345 | +€50,345 | |
| Financial debts | 43 | €647,810 | €591,470 | -€56,340 | -8.7% |
| Credit institutions | 430/8 | €647,810 | €591,470 | -€56,340 | -8.7% |
| Trade debts | 44 | €2,159 | €33,188 | +€31,029 | +1437.3% |
| Suppliers | 440/4 | €2,159 | €33,188 | +€31,029 | +1437.3% |
| Taxes, remuneration and social security | 45 | €1,984 | €0 | -€1,984 | -100.0% |
| Taxes | 450/3 | €1,984 | €0 | -€1,984 | -100.0% |
| Other amounts payable | 47/48 | €3,170 | €3,244 | +€74 | +2.3% |
| Accrued charges and deferred income | 492/3 | €5,190 | €3,762 | -€1,428 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,370 | €185,815 | +€150,445 | +425.3% |
| Other operating charges | 640/8 | €41,607 | €42,564 | +€957 | +2.3% |
| Gross operating margin | 9900 | €100,707 | €161,983 | +€61,276 | +60.8% |
| Operating profit (loss) | 9901 | €23,729 | -€66,397 | -€90,126 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €43,405 | €33,332 | -€10,073 | -23.2% |
| Recurring financial charges | 65 | €43,405 | €33,332 | -€10,073 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,676 | -€99,729 | -€80,053 | -406.9% |
| Profit (loss) for the period | 9904 | -€19,676 | -€99,729 | -€80,053 | -406.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,676 | -€99,729 | -€80,053 | -406.9% |
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 7 October 2026 via checked.be.