IMMO C.C.P.W.: 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.
IMMO C.C.P.W.
Largest movements
- Tangible fixed assets -€25,491
down €25,491 (-3.3%), from €764,133 to €738,642
of which Land and buildings: -€26,571
- Cash -€8,797
down €8,797 (-56.5%), from €15,579 to €6,782
mainly Debts after one year (-€73,500) and Investment in fixed assets (net) (-€40,848)
- Debts after one year -€73,500
down €73,500 (-33.9%), from €216,906 to €143,406
- Other debts +€36,262
up €36,262 (+89.7%), from €40,447 to €76,709
- Tax, wage and social debts +€15,805
up €15,805 (+127%), from €12,428 to €28,232
- Provisions -€8,980
down €8,980 (-17.4%), from €51,735 to €42,754
- Purchases and services +€33,512
up €33,512 (+37.2%), from €90,052 to €123,564
- Gross operating margin +€19,681
up €19,681 (+22.4%), from €87,666 to €107,346
- Taxes +€5,786
up €5,786 (+49.6%), from €11,678 to €17,464
- Turnover -€4,699
down €4,699 (-2.8%), from €164,906 to €160,207
- Depreciation +€4,042
up €4,042 (+6.5%), from €62,297 to €66,339
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.
Derived cash bridge
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 | €794,096 | €751,919 | -€42,177 | -5.3% |
| Fixed assets | 21/28 | €764,133 | €738,642 | -€25,491 | -3.3% |
| Tangible fixed assets | 22/27 | €764,133 | €738,642 | -€25,491 | -3.3% |
| Land and buildings | 22 | €755,428 | €728,857 | -€26,571 | -3.5% |
| Plant, machinery and equipment | 23 | €8,310 | €6,202 | -€2,108 | -25.4% |
| Furniture and vehicles | 24 | €395 | €3,583 | +€3,187 | +806% |
| Current assets | 29/58 | €29,963 | €13,277 | -€16,686 | -55.7% |
| Amounts receivable within one year | 40/41 | €7,802 | €6,495 | -€1,307 | -16.8% |
| Trade receivables | 40 | €7,802 | €6,495 | -€1,307 | -16.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,579 | €6,782 | -€8,797 | -56.5% |
| Deferred charges and accrued income | 490/1 | €6,582 | €0 | -€6,582 | -100% |
| Total equity and liabilities | 10/49 | €794,096 | €751,919 | -€42,177 | -5.3% |
| Equity | 10/15 | €380,974 | €375,710 | -€5,264 | -1.4% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €249,670 | €243,728 | -€5,941 | -2.4% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Tax-exempt reserves | 132 | €156,563 | €129,621 | -€26,941 | -17.2% |
| Distributable reserves | 133 | €91,000 | €112,000 | +€21,000 | +23.1% |
| Profit (loss) carried forward | 14 | €110,233 | €110,910 | +€677 | +0.6% |
| Provisions and deferred taxes | 16 | €51,735 | €42,754 | -€8,980 | -17.4% |
| Deferred taxes | 168 | €51,735 | €42,754 | -€8,980 | -17.4% |
| Amounts payable | 17/49 | €361,387 | €333,455 | -€27,933 | -7.7% |
| Amounts payable after more than one year | 17 | €216,906 | €143,406 | -€73,500 | -33.9% |
| Financial debts | 170/4 | €216,906 | €143,406 | -€73,500 | -33.9% |
| Amounts payable within one year | 42/48 | €143,233 | €187,987 | +€44,753 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €84,247 | €80,067 | -€4,180 | -5.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,112 | €2,979 | -€3,133 | -51.3% |
| Suppliers | 440/4 | €6,112 | €2,979 | -€3,133 | -51.3% |
| Taxes, remuneration and social security | 45 | €12,428 | €28,232 | +€15,805 | +127% |
| Taxes | 450/3 | €12,428 | €28,232 | +€15,805 | +127% |
| Other amounts payable | 47/48 | €40,447 | €76,709 | +€36,262 | +89.7% |
| Accrued charges and deferred income | 492/3 | €1,248 | €2,062 | +€814 | +65.2% |
| Turnover | 70 | €164,906 | €160,207 | -€4,699 | -2.8% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €90,052 | €123,564 | +€33,512 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,297 | €66,339 | +€4,042 | +6.5% |
| Other operating charges | 640/8 | €15,169 | €16,239 | +€1,070 | +7.1% |
| Gross operating margin | 9900 | €87,666 | €107,346 | +€19,681 | +22.4% |
| Operating profit (loss) | 9901 | €10,200 | €24,768 | +€14,568 | +143% |
| Financial income | 75/76B | €14 | €0 | -€14 | -100% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -100% |
| Financial charges | 65/66B | €13,286 | €9,549 | -€3,737 | -28.1% |
| Recurring financial charges | 65 | €13,286 | €9,549 | -€3,737 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,072 | €15,220 | +€18,291 | |
| Transfer from deferred taxes | 780 | €8,980 | €8,980 | = | 0.0% |
| Income taxes | 67/77 | €11,678 | €17,464 | +€5,786 | +49.6% |
| Profit (loss) for the period | 9904 | -€5,769 | €6,736 | +€12,505 | |
| Transfer from tax-exempt reserves | 789 | €26,941 | €26,941 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,172 | €33,677 | +€12,505 | +59.1% |
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 29 October 2026 via checked.be.