CWEB 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.
CWEB IMMO
Largest movements
- Receivables within one year +€34,124
up €34,124 (+164.6%), from €20,729 to €54,853
of which Trade receivables: +€45,906
- Cash +€14,810
up €14,810 (+436.0%), from €3,397 to €18,207
mainly Trade debts (+€22,238) and Net result for the year (+€18,669)
- Tangible fixed assets -€5,895
down €5,895 (-3.7%), from €160,080 to €154,186
of which Land and buildings: -€4,086
- Trade debts +€22,238
up €22,238 (+186.3%), from €11,937 to €34,176
of which Suppliers: +€13,958
- Profit (loss) carried forward +€18,669
up €18,669, from -€10,585 to €8,084
- Debts after one year -€8,883
down €8,883 (-3.6%), from €250,141 to €241,258
- Other debts +€8,441
up €8,441 (+19.7%), from €42,830 to €51,271
- Tax, wage and social debts +€7,428
new in 2025: €7,428
- Gross operating margin +€39,534
up €39,534 (+652.0%), from €6,064 to €45,598
- Financial charges +€8,140
up €8,140 (+176.1%), from €4,622 to €12,762
- Taxes +€5,485
new in 2025: €5,485
- Depreciation +€2,411
up €2,411 (+62.6%), from €3,854 to €6,265
- Other operating charges +€723
up €723 (+40.9%), from €1,766 to €2,489
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 | €311,320 | €354,600 | +€43,280 | +13.9% |
| Formation expenses | 20 | €1,106 | €736 | -€370 | -33.5% |
| Fixed assets | 21/28 | €160,080 | €154,186 | -€5,895 | -3.7% |
| Tangible fixed assets | 22/27 | €160,080 | €154,186 | -€5,895 | -3.7% |
| Land and buildings | 22 | €143,587 | €139,500 | -€4,086 | -2.8% |
| Plant, machinery and equipment | 23 | €16,494 | €14,685 | -€1,808 | -11.0% |
| Current assets | 29/58 | €150,134 | €199,678 | +€49,544 | +33.0% |
| Stocks and contracts in progress | 3 | €125,742 | €125,742 | = | 0.0% |
| Stocks | 30/36 | €125,742 | €125,742 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,729 | €54,853 | +€34,124 | +164.6% |
| Trade receivables | 40 | €8,947 | €54,853 | +€45,906 | +513.1% |
| Other amounts receivable | 41 | €11,782 | - | -€11,782 | |
| Cash at bank and in hand | 54/58 | €3,397 | €18,207 | +€14,810 | +436.0% |
| Deferred charges and accrued income | 490/1 | €266 | €877 | +€610 | +229.1% |
| Total equity and liabilities | 10/49 | €311,320 | €354,600 | +€43,280 | +13.9% |
| Equity | 10/15 | -€8,085 | €10,584 | +€18,669 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,585 | €8,084 | +€18,669 | |
| Amounts payable | 17/49 | €319,405 | €344,016 | +€24,611 | +7.7% |
| Amounts payable after more than one year | 17 | €250,141 | €241,258 | -€8,883 | -3.6% |
| Financial debts | 170/4 | €250,141 | €241,258 | -€8,883 | -3.6% |
| Amounts payable within one year | 42/48 | €69,264 | €101,758 | +€32,494 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €8,483 | €8,883 | +€400 | +4.7% |
| Financial debts | 43 | €14 | - | -€14 | |
| Credit institutions | 430/8 | €14 | - | -€14 | |
| Trade debts | 44 | €11,937 | €34,176 | +€22,238 | +186.3% |
| Suppliers | 440/4 | €11,937 | €25,896 | +€13,958 | +116.9% |
| Bills of exchange payable | 441 | - | €8,280 | +€8,280 | |
| Advances received on contracts in progress | 46 | €6,000 | - | -€6,000 | |
| Taxes, remuneration and social security | 45 | - | €7,428 | +€7,428 | |
| Taxes | 450/3 | - | €7,428 | +€7,428 | |
| Other amounts payable | 47/48 | €42,830 | €51,271 | +€8,441 | +19.7% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | €5,402 | - | -€5,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,854 | €6,265 | +€2,411 | +62.6% |
| Other operating charges | 640/8 | €1,766 | €2,489 | +€723 | +40.9% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €6,064 | €45,598 | +€39,534 | +652.0% |
| Operating profit (loss) | 9901 | €144 | €36,845 | +€36,700 | +25424.4% |
| Financial income | 75/76B | €6 | €72 | +€66 | +1119.1% |
| Recurring financial income | 75 | €6 | €72 | +€66 | +1119.1% |
| Financial charges | 65/66B | €4,622 | €12,762 | +€8,140 | +176.1% |
| Recurring financial charges | 65 | €4,622 | €12,762 | +€8,140 | +176.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,472 | €24,154 | +€28,625 | |
| Income taxes | 67/77 | - | €5,485 | +€5,485 | |
| Profit (loss) for the period | 9904 | -€4,472 | €18,669 | +€23,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,472 | €18,669 | +€23,141 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.