CRE-IMMO: what changed
What changed
CRE-IMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€4,007
2024 · -€1,718-€2,289
Equity
€19,417
2024 · €23,425-€4,007
Cash
€3,163
2024 · €4,577-€1,414
Balance sheet total
€330,754
2024 · €351,739-€20,986
Largest movements
Assets
- Tangible fixed assets -€19,813
down €19,813 (-5.9%), from €335,669 to €315,856
of which Land and buildings: -€19,758
Equity and liabilities
- Debts after one year -€23,703
down €23,703 (-7.8%), from €302,357 to €278,654
- Trade debts +€7,752
up €7,752 (+1,066%), from €727 to €8,479
Income statement
- Gross operating margin -€5,542
down €5,542 (-16.4%), from €33,698 to €28,156
- Depreciation -€1,914
down €1,914 (-7.1%), from €26,951 to €25,037
- Financial charges -€1,266
down €1,266 (-23.9%), from €5,298 to €4,032
- Financial income +€488
up €488 (+77.8%), from €627 to €1,114
- Other operating charges +€415
up €415 (+10.9%), from €3,794 to €4,209
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,718
Gross operating margin
-€5,542
Depreciation
+€1,914
Other operating charges
-€415
Financial income
+€488
Financial charges
+€1,266
Result 2025
-€4,007
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,230
Investment
-€5,224
Financing
-€23,421
Cash 2024
€4,577
From operations (derived)
+€27,230
Net result for the year
-€4,007
Depreciation
+€25,037
Receivables within one year
+€1,238
Deferred charges and accrued income
-€1,480
Trade debts
+€7,752
Tax, wage and social debts
-€1,309
Investment (derived)
-€5,224
Investment in fixed assets (net)
-€5,224
Financing
-€23,421
Debts after one year
-€23,703
Current portion of long-term debt
+€283
Cash 2025
€3,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,739 | €330,754 | -€20,986 | -6.0% |
| Fixed assets | 21/28 | €335,669 | €315,856 | -€19,813 | -5.9% |
| Tangible fixed assets | 22/27 | €335,669 | €315,856 | -€19,813 | -5.9% |
| Land and buildings | 22 | €335,614 | €315,856 | -€19,758 | -5.9% |
| Plant, machinery and equipment | 23 | €55 | - | -€55 | |
| Current assets | 29/58 | €16,070 | €14,898 | -€1,172 | -7.3% |
| Amounts receivable within one year | 40/41 | €6,243 | €5,005 | -€1,238 | -19.8% |
| Trade receivables | 40 | €6,243 | €4,035 | -€2,208 | -35.4% |
| Other amounts receivable | 41 | - | €970 | +€970 | |
| Cash at bank and in hand | 54/58 | €4,577 | €3,163 | -€1,414 | -30.9% |
| Deferred charges and accrued income | 490/1 | €5,250 | €6,730 | +€1,480 | +28.2% |
| Total equity and liabilities | 10/49 | €351,739 | €330,754 | -€20,986 | -6.0% |
| Equity | 10/15 | €23,425 | €19,417 | -€4,007 | -17.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,425 | - | -€3,425 | |
| Distributable reserves | 133 | €3,425 | - | -€3,425 | |
| Profit (loss) carried forward | 14 | - | -€583 | -€583 | |
| Amounts payable | 17/49 | €328,315 | €311,336 | -€16,978 | -5.2% |
| Amounts payable after more than one year | 17 | €302,357 | €278,654 | -€23,703 | -7.8% |
| Financial debts | 170/4 | €302,357 | €278,654 | -€23,703 | -7.8% |
| Amounts payable within one year | 42/48 | €25,957 | €32,682 | +€6,725 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €23,421 | €23,703 | +€283 | +1.2% |
| Trade debts | 44 | €727 | €8,479 | +€7,752 | +1,066% |
| Suppliers | 440/4 | €727 | €8,479 | +€7,752 | +1,066% |
| Taxes, remuneration and social security | 45 | €1,309 | - | -€1,309 | |
| Taxes | 450/3 | €1,309 | - | -€1,309 | |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,951 | €25,037 | -€1,914 | -7.1% |
| Other operating charges | 640/8 | €3,794 | €4,209 | +€415 | +10.9% |
| Gross operating margin | 9900 | €33,698 | €28,156 | -€5,542 | -16.4% |
| Operating profit (loss) | 9901 | €2,953 | -€1,090 | -€4,043 | |
| Financial income | 75/76B | €627 | €1,114 | +€488 | +77.8% |
| Recurring financial income | 75 | €627 | €1,114 | +€488 | +77.8% |
| Financial charges | 65/66B | €5,298 | €4,032 | -€1,266 | -23.9% |
| Recurring financial charges | 65 | €5,298 | €4,032 | -€1,266 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,718 | -€4,007 | -€2,289 | -133% |
| Profit (loss) for the period | 9904 | -€1,718 | -€4,007 | -€2,289 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,718 | -€4,007 | -€2,289 | -133% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.