CQFD IMMO-BATI: 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.
CQFD IMMO-BATI
Largest movements
- Current investments +€402,458
new in 2025: €402,458
- Cash -€34,478
down €34,478 (-85.7%), from €40,252 to €5,774
mainly Current investments (-€402,458) and Trade debts (-€104,386)
- Deferred charges and accrued income +€22,082
up €22,082 (+53.4%), from €41,342 to €63,424
- Stocks and contracts +€13,726
new in 2025: €13,726
- Other debts +€520,605
up €520,605 (+5,780%), from €9,008 to €529,613
- Trade debts -€104,386
down €104,386 (-65.7%), from €158,850 to €54,465
- Debts after one year -€21,154
down €21,154 (-8.8%), from €241,735 to €220,581
- Profit (loss) carried forward +€11,433
up €11,433 (+75.6%), from €15,122 to €26,555
- Gross operating margin +€9,181
up €9,181 (+50.6%), from €18,131 to €27,311
- Financial income +€3,512
new in 2025: €3,512
- Financial charges -€1,685
down €1,685 (-20.5%), from €8,228 to €6,544
- Other operating charges +€583
up €583 (+39.5%), from €1,477 to €2,060
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 | €465,960 | €873,392 | +€407,432 | +87.4% |
| Fixed assets | 21/28 | €286,833 | €291,949 | +€5,116 | +1.8% |
| Intangible fixed assets | 21 | €941 | €706 | -€235 | -25.0% |
| Tangible fixed assets | 22/27 | €285,892 | €291,243 | +€5,352 | +1.9% |
| Land and buildings | 22 | €285,892 | €275,580 | -€10,311 | -3.6% |
| Plant, machinery and equipment | 23 | - | €12,489 | +€12,489 | |
| Furniture and vehicles | 24 | - | €3,174 | +€3,174 | |
| Current assets | 29/58 | €179,127 | €581,443 | +€402,316 | +225% |
| Stocks and contracts in progress | 3 | - | €13,726 | +€13,726 | |
| Stocks | 30/36 | - | €13,726 | +€13,726 | |
| Amounts receivable within one year | 40/41 | €97,533 | €96,061 | -€1,472 | -1.5% |
| Trade receivables | 40 | €82,533 | €95,008 | +€12,475 | +15.1% |
| Other amounts receivable | 41 | €15,000 | €1,054 | -€13,946 | -93.0% |
| Current investments | 50/53 | - | €402,458 | +€402,458 | |
| Cash at bank and in hand | 54/58 | €40,252 | €5,774 | -€34,478 | -85.7% |
| Deferred charges and accrued income | 490/1 | €41,342 | €63,424 | +€22,082 | +53.4% |
| Total equity and liabilities | 10/49 | €465,960 | €873,392 | +€407,432 | +87.4% |
| Equity | 10/15 | €35,527 | €46,960 | +€11,433 | +32.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €15,122 | €26,555 | +€11,433 | +75.6% |
| Amounts payable | 17/49 | €430,433 | €826,432 | +€395,999 | +92.0% |
| Amounts payable after more than one year | 17 | €241,735 | €220,581 | -€21,154 | -8.8% |
| Financial debts | 170/4 | €241,735 | €220,581 | -€21,154 | -8.8% |
| Amounts payable within one year | 42/48 | €188,699 | €605,231 | +€416,532 | +221% |
| Current portion of amounts payable after more than one year | 42 | €20,841 | €21,154 | +€313 | +1.5% |
| Trade debts | 44 | €158,850 | €54,465 | -€104,386 | -65.7% |
| Suppliers | 440/4 | €158,850 | €54,465 | -€104,386 | -65.7% |
| Other amounts payable | 47/48 | €9,008 | €529,613 | +€520,605 | +5,780% |
| Accrued charges and deferred income | 492/3 | - | €620 | +€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,547 | €10,547 | = | 0.0% |
| Other operating charges | 640/8 | €1,477 | €2,060 | +€583 | +39.5% |
| Gross operating margin | 9900 | €18,131 | €27,311 | +€9,181 | +50.6% |
| Operating profit (loss) | 9901 | €6,107 | €14,705 | +€8,598 | +141% |
| Financial income | 75/76B | - | €3,512 | +€3,512 | |
| Recurring financial income | 75 | - | €3,512 | +€3,512 | |
| Financial charges | 65/66B | €8,228 | €6,544 | -€1,685 | -20.5% |
| Recurring financial charges | 65 | €8,228 | €6,544 | -€1,685 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,121 | €11,673 | +€13,794 | |
| Income taxes | 67/77 | - | €240 | +€240 | |
| Profit (loss) for the period | 9904 | -€2,121 | €11,433 | +€13,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,121 | €11,433 | +€13,554 |
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 31 October 2026 via checked.be.