CYDEX 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.
CYDEX IMMO
Largest movements
- Cash -€517,613
down €517,613 (-57.8%), from €895,561 to €377,948
mainly Contributions, distributions and other (-€213,018) and Other debts (-€200,729)
- Tangible fixed assets -€76,176
down €76,176 (-30.4%), from €250,527 to €174,351
of which Land and buildings: -€53,448
- Receivables after one year -€63,500
no longer reported in 2025 (was €63,500)
- Other debts -€200,729
down €200,729 (-22.2%), from €905,457 to €704,727
- Debts after one year -€181,242
down €181,242 (-63.9%), from €283,735 to €102,493
of which Financial debts: -€180,702
- Trade debts -€153,562
down €153,562 (-77.7%), from €197,576 to €44,013
- Profit (loss) carried forward -€63,818
down €63,818 (-100.0%), from €63,818 to €0
- Reserves -€57,749
down €57,749 (-96.7%), from €59,749 to €2,000
- Gross operating margin +€126,702
up €126,702 (+22.9%), from €553,973 to €680,675
- Other operating charges +€77,706
up €77,706 (+668.6%), from €11,623 to €89,329
- Staff costs +€28,372
up €28,372 (+7.7%), from €368,140 to €396,512
- Depreciation -€28,367
down €28,367 (-34.5%), from €82,199 to €53,832
- Taxes +€23,315
up €23,315 (+850.0%), from €2,743 to €26,058
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 | €1,701,690 | €1,020,034 | -€681,655 | -40.1% |
| Fixed assets | 21/28 | €294,309 | €206,183 | -€88,126 | -29.9% |
| Intangible fixed assets | 21 | €36,422 | €25,422 | -€11,000 | -30.2% |
| Tangible fixed assets | 22/27 | €250,527 | €174,351 | -€76,176 | -30.4% |
| Land and buildings | 22 | €79,497 | €26,049 | -€53,448 | -67.2% |
| Plant, machinery and equipment | 23 | €7,923 | €6,845 | -€1,078 | -13.6% |
| Furniture and vehicles | 24 | €71,947 | €46,820 | -€25,128 | -34.9% |
| Other tangible fixed assets | 26 | €91,160 | €94,638 | +€3,478 | +3.8% |
| Financial fixed assets | 28 | €7,360 | €6,410 | -€950 | -12.9% |
| Current assets | 29/58 | €1,407,381 | €813,852 | -€593,529 | -42.2% |
| Amounts receivable after more than one year | 29 | €63,500 | - | -€63,500 | |
| Other amounts receivable | 291 | €63,500 | - | -€63,500 | |
| Amounts receivable within one year | 40/41 | €435,669 | €423,906 | -€11,763 | -2.7% |
| Trade receivables | 40 | €335,122 | €56,651 | -€278,471 | -83.1% |
| Other amounts receivable | 41 | €100,548 | €367,256 | +€266,708 | +265.3% |
| Cash at bank and in hand | 54/58 | €895,561 | €377,948 | -€517,613 | -57.8% |
| Deferred charges and accrued income | 490/1 | €12,651 | €11,998 | -€653 | -5.2% |
| Total equity and liabilities | 10/49 | €1,701,690 | €1,020,034 | -€681,655 | -40.1% |
| Equity | 10/15 | €143,567 | €22,000 | -€121,567 | -84.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,749 | €2,000 | -€57,749 | -96.7% |
| Distributable reserves | 133 | €59,749 | €2,000 | -€57,749 | -96.7% |
| Profit (loss) carried forward | 14 | €63,818 | €0 | -€63,818 | -100.0% |
| Amounts payable | 17/49 | €1,558,123 | €998,034 | -€560,089 | -35.9% |
| Amounts payable after more than one year | 17 | €283,735 | €102,493 | -€181,242 | -63.9% |
| Financial debts | 170/4 | €282,715 | €102,013 | -€180,702 | -63.9% |
| Other amounts payable | 178/9 | €1,020 | €480 | -€540 | -52.9% |
| Amounts payable within one year | 42/48 | €1,274,388 | €895,541 | -€378,847 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €84,207 | €91,819 | +€7,612 | +9.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €197,576 | €44,013 | -€153,562 | -77.7% |
| Suppliers | 440/4 | €197,576 | €44,013 | -€153,562 | -77.7% |
| Taxes, remuneration and social security | 45 | €87,149 | €54,981 | -€32,168 | -36.9% |
| Taxes | 450/3 | €48,462 | €3,745 | -€44,717 | -92.3% |
| Remuneration and social security | 454/9 | €38,686 | €51,236 | +€12,550 | +32.4% |
| Other amounts payable | 47/48 | €905,457 | €704,727 | -€200,729 | -22.2% |
| Remuneration, social security and pensions | 62 | €368,140 | €396,512 | +€28,372 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,199 | €53,832 | -€28,367 | -34.5% |
| Other operating charges | 640/8 | €11,623 | €89,329 | +€77,706 | +668.6% |
| Non-recurring operating charges | 66A | €5,154 | - | -€5,154 | |
| Gross operating margin | 9900 | €553,973 | €680,675 | +€126,702 | +22.9% |
| Operating profit (loss) | 9901 | €86,858 | €141,003 | +€54,145 | +62.3% |
| Financial income | 75/76B | €6,802 | €6,828 | +€26 | +0.4% |
| Recurring financial income | 75 | €6,802 | €6,828 | +€26 | +0.4% |
| Financial charges | 65/66B | €26,595 | €30,321 | +€3,726 | +14.0% |
| Recurring financial charges | 65 | €26,595 | €30,321 | +€3,726 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €67,065 | €117,510 | +€50,445 | +75.2% |
| Income taxes | 67/77 | €2,743 | €26,058 | +€23,315 | +850.0% |
| Profit (loss) for the period | 9904 | €64,322 | €91,452 | +€27,129 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,322 | €91,452 | +€27,129 | +42.2% |
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 28 September 2026 via checked.be.