CVE IMMO: 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.
CVE IMMO
Largest movements
- Tangible fixed assets -€24,534
down €24,534 (-8.3%), from €295,316 to €270,782
of which Land and buildings: -€22,192
- Cash +€15,412
up €15,412 (+20.0%), from €76,871 to €92,283
mainly Depreciation (+€24,637) and Net result for the year (+€9,951)
- Debts after one year -€19,511
down €19,511 (-6.7%), from €293,252 to €273,741
- Reserves +€9,951
up €9,951 (+80.6%), from €12,352 to €22,303
- Gross operating margin +€1,202
up €1,202 (+3.0%), from €40,095 to €41,297
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 | €376,596 | €367,996 | -€8,601 | -2.3% |
| Fixed assets | 21/28 | €295,959 | €271,322 | -€24,637 | -8.3% |
| Intangible fixed assets | 21 | €642 | €539 | -€103 | -16.0% |
| Tangible fixed assets | 22/27 | €295,316 | €270,782 | -€24,534 | -8.3% |
| Land and buildings | 22 | €282,487 | €260,295 | -€22,192 | -7.9% |
| Plant, machinery and equipment | 23 | €12,830 | €10,488 | -€2,342 | -18.3% |
| Current assets | 29/58 | €80,638 | €96,674 | +€16,036 | +19.9% |
| Amounts receivable within one year | 40/41 | €3,016 | €3,831 | +€815 | +27.0% |
| Trade receivables | 40 | €3,016 | €3,131 | +€115 | +3.8% |
| Other amounts receivable | 41 | - | €700 | +€700 | |
| Cash at bank and in hand | 54/58 | €76,871 | €92,283 | +€15,412 | +20.0% |
| Deferred charges and accrued income | 490/1 | €751 | €560 | -€191 | -25.4% |
| Total equity and liabilities | 10/49 | €376,596 | €367,996 | -€8,601 | -2.3% |
| Equity | 10/15 | €37,352 | €47,303 | +€9,951 | +26.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €12,352 | €22,303 | +€9,951 | +80.6% |
| Distributable reserves | 133 | €12,352 | €22,303 | +€9,951 | +80.6% |
| Amounts payable | 17/49 | €339,244 | €320,693 | -€18,551 | -5.5% |
| Amounts payable after more than one year | 17 | €293,252 | €273,741 | -€19,511 | -6.7% |
| Financial debts | 170/4 | €293,252 | €273,741 | -€19,511 | -6.7% |
| Amounts payable within one year | 42/48 | €39,521 | €40,823 | +€1,302 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €19,283 | €19,511 | +€228 | +1.2% |
| Trade debts | 44 | €922 | €996 | +€74 | +8.0% |
| Suppliers | 440/4 | €922 | €996 | +€74 | +8.0% |
| Other amounts payable | 47/48 | €19,316 | €20,316 | +€1,000 | +5.2% |
| Accrued charges and deferred income | 492/3 | €6,471 | €6,128 | -€343 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,658 | €24,637 | -€21 | -0.1% |
| Other operating charges | 640/8 | €1,497 | €1,541 | +€44 | +2.9% |
| Gross operating margin | 9900 | €40,095 | €41,297 | +€1,202 | +3.0% |
| Operating profit (loss) | 9901 | €13,940 | €15,119 | +€1,178 | +8.5% |
| Financial charges | 65/66B | €5,496 | €5,118 | -€378 | -6.9% |
| Recurring financial charges | 65 | €5,496 | €5,118 | -€378 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €8,444 | €10,001 | +€1,556 | +18.4% |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | €8,444 | €9,951 | +€1,506 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,444 | €9,951 | +€1,506 | +17.8% |
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 12 October 2026 via checked.be.