CS 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.
CS Immo
Largest movements
- Tangible fixed assets -€24,876
down €24,876 (-3.3%), from €759,748 to €734,871
of which Land and buildings: -€22,854
- Cash -€11,655
down €11,655 (-94.2%), from €12,371 to €716
mainly Debts after one year (-€57,309) and Smaller working-capital items (-€45)
- Debts after one year -€57,309
down €57,309 (-9.5%), from €600,687 to €543,377
of which Financial debts: -€60,499
- Reserves +€12,311
up €12,311 (+36.0%), from €34,227 to €46,539
of which Distributable reserves: +€12,311
- Taxes +€2,837
up €2,837 (+172.5%), from €1,645 to €4,482
- Financial charges -€1,247
down €1,247 (-8.4%), from €14,769 to €13,522
- Gross operating margin +€665
up €665 (+1.1%), from €59,693 to €60,358
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 | €772,119 | €735,673 | -€36,446 | -4.7% |
| Fixed assets | 21/28 | €759,748 | €734,871 | -€24,876 | -3.3% |
| Tangible fixed assets | 22/27 | €759,748 | €734,871 | -€24,876 | -3.3% |
| Land and buildings | 22 | €743,298 | €720,444 | -€22,854 | -3.1% |
| Plant, machinery and equipment | 23 | €16,450 | €14,427 | -€2,023 | -12.3% |
| Current assets | 29/58 | €12,371 | €802 | -€11,570 | -93.5% |
| Amounts receivable within one year | 40/41 | - | €85 | +€85 | |
| Trade receivables | 40 | - | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €12,371 | €716 | -€11,655 | -94.2% |
| Total equity and liabilities | 10/49 | €772,119 | €735,673 | -€36,446 | -4.7% |
| Equity | 10/15 | €134,227 | €146,539 | +€12,311 | +9.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €34,227 | €46,539 | +€12,311 | +36.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €24,227 | €36,539 | +€12,311 | +50.8% |
| Amounts payable | 17/49 | €637,892 | €589,134 | -€48,758 | -7.6% |
| Amounts payable after more than one year | 17 | €600,687 | €543,377 | -€57,309 | -9.5% |
| Financial debts | 170/4 | €600,687 | €540,187 | -€60,499 | -10.1% |
| Other amounts payable | 178/9 | - | €3,190 | +€3,190 | |
| Amounts payable within one year | 42/48 | €36,387 | €44,898 | +€8,511 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €34,612 | €35,184 | +€572 | +1.7% |
| Trade debts | 44 | €0 | €1,116 | +€1,116 | |
| Suppliers | 440/4 | €0 | €1,116 | +€1,116 | |
| Taxes, remuneration and social security | 45 | €1,775 | €8,599 | +€6,824 | +384.4% |
| Taxes | 450/3 | €1,775 | €8,599 | +€6,824 | +384.4% |
| Accrued charges and deferred income | 492/3 | €818 | €858 | +€40 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,754 | €24,876 | +€123 | +0.5% |
| Other operating charges | 640/8 | €4,877 | €5,166 | +€289 | +5.9% |
| Gross operating margin | 9900 | €59,693 | €60,358 | +€665 | +1.1% |
| Operating profit (loss) | 9901 | €30,062 | €30,315 | +€254 | +0.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €14,769 | €13,522 | -€1,247 | -8.4% |
| Recurring financial charges | 65 | €14,769 | €13,522 | -€1,247 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €15,292 | €16,793 | +€1,501 | +9.8% |
| Income taxes | 67/77 | €1,645 | €4,482 | +€2,837 | +172.5% |
| Profit (loss) for the period | 9904 | €13,647 | €12,311 | -€1,336 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,647 | €12,311 | -€1,336 | -9.8% |
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 8 October 2026 via checked.be.