CR 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.
CR IMMO
Largest movements
- Tangible fixed assets +€982,438
new in 2025: €982,438
- Stocks and contracts -€527,669
no longer reported in 2025 (was €527,669)
- Receivables within one year +€197,123
up €197,123 (+62.0%), from €317,739 to €514,862
of which Other amounts receivable: +€208,129
- Cash -€69,548
down €69,548 (-53.9%), from €129,112 to €59,564
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€197,123)
- Debts after one year +€736,231
new in 2025: €736,231
- Trade debts -€153,673
down €153,673 (-91.7%), from €167,548 to €13,875
- Current portion of long-term debt +€41,781
new in 2025: €41,781
- Profit (loss) carried forward -€35,957
down €35,957 (-9.4%), from €384,273 to €348,315
- Depreciation +€136,969
new in 2025: €136,969
- Gross operating margin -€80,291
down €80,291 (-40.4%), from €198,767 to €118,476
- Taxes -€18,827
no longer reported in 2025 (was €18,827)
- Financial charges +€5,501
up €5,501 (+77.8%), from €7,074 to €12,575
- Financial income -€2,716
down €2,716 (-85.8%), from €3,165 to €449
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 | €981,403 | €1,562,626 | +€581,223 | +59.2% |
| Fixed assets | 21/28 | €5,762 | €988,200 | +€982,438 | +17051.8% |
| Tangible fixed assets | 22/27 | - | €982,438 | +€982,438 | |
| Land and buildings | 22 | - | €982,438 | +€982,438 | |
| Financial fixed assets | 28 | €5,762 | €5,762 | = | 0.0% |
| Current assets | 29/58 | €975,641 | €574,426 | -€401,215 | -41.1% |
| Stocks and contracts in progress | 3 | €527,669 | - | -€527,669 | |
| Stocks | 30/36 | €527,669 | - | -€527,669 | |
| Amounts receivable within one year | 40/41 | €317,739 | €514,862 | +€197,123 | +62.0% |
| Trade receivables | 40 | €22,629 | €11,623 | -€11,006 | -48.6% |
| Other amounts receivable | 41 | €295,110 | €503,239 | +€208,129 | +70.5% |
| Cash at bank and in hand | 54/58 | €129,112 | €59,564 | -€69,548 | -53.9% |
| Deferred charges and accrued income | 490/1 | €1,121 | - | -€1,121 | |
| Total equity and liabilities | 10/49 | €981,403 | €1,562,626 | +€581,223 | +59.2% |
| Equity | 10/15 | €733,177 | €691,850 | -€41,326 | -5.6% |
| Contributions | 10/11 | €156,100 | €156,100 | = | 0.0% |
| Reserves | 13 | €192,804 | €187,435 | -€5,369 | -2.8% |
| Non-distributable reserves | 130/1 | €15,610 | €15,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,610 | €15,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,194 | €171,825 | -€5,369 | -3.0% |
| Profit (loss) carried forward | 14 | €384,273 | €348,315 | -€35,957 | -9.4% |
| Provisions and deferred taxes | 16 | €59,065 | €57,275 | -€1,790 | -3.0% |
| Deferred taxes | 168 | €59,065 | €57,275 | -€1,790 | -3.0% |
| Amounts payable | 17/49 | €189,161 | €813,500 | +€624,339 | +330.1% |
| Amounts payable after more than one year | 17 | - | €736,231 | +€736,231 | |
| Financial debts | 170/4 | - | €736,231 | +€736,231 | |
| Amounts payable within one year | 42/48 | €189,161 | €77,270 | -€111,892 | -59.2% |
| Current portion of amounts payable after more than one year | 42 | - | €41,781 | +€41,781 | |
| Trade debts | 44 | €167,548 | €13,875 | -€153,673 | -91.7% |
| Suppliers | 440/4 | €167,548 | €13,875 | -€153,673 | -91.7% |
| Taxes, remuneration and social security | 45 | €18,827 | €18,827 | = | 0.0% |
| Taxes | 450/3 | €18,827 | €18,827 | = | 0.0% |
| Other amounts payable | 47/48 | €2,787 | €2,787 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €136,969 | +€136,969 | |
| Other operating charges | 640/8 | €6,961 | €9,497 | +€2,536 | +36.4% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €198,767 | €118,476 | -€80,291 | -40.4% |
| Operating profit (loss) | 9901 | €191,806 | -€30,989 | -€222,795 | |
| Financial income | 75/76B | €3,165 | €449 | -€2,716 | -85.8% |
| Recurring financial income | 75 | €3,165 | €449 | -€2,716 | -85.8% |
| Financial charges | 65/66B | €7,074 | €12,575 | +€5,501 | +77.8% |
| Recurring financial charges | 65 | €7,074 | €12,575 | +€5,501 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €187,897 | -€43,116 | -€231,013 | |
| Transfer from deferred taxes | 780 | - | €1,790 | +€1,790 | |
| Income taxes | 67/77 | €18,827 | - | -€18,827 | |
| Profit (loss) for the period | 9904 | €169,070 | -€41,326 | -€210,396 | |
| Transfer from tax-exempt reserves | 789 | - | €5,369 | +€5,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €169,070 | -€35,957 | -€205,027 |
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 4 October 2026 via checked.be.