IMMO CAELEN: what changed
IMMO CAELEN
Largest movements
- Tangible fixed assets -€22,777
down €22,777 (-3.4%), from €673,495 to €650,718
- Receivables within one year -€21,421
down €21,421 (-73.1%), from €29,289 to €7,868
- Cash +€14,350
up €14,350 (+69.3%), from €20,708 to €35,058
mainly Net result for the year (+€35,852) and Depreciation (+€22,777)
- Debts after one year -€54,347
down €54,347 (-15.1%), from €361,007 to €306,659
of which Financial debts: -€54,347
- Reserves +€35,852
up €35,852 (+16.6%), from €215,396 to €251,249
of which Distributable reserves: +€35,852
- Advances received -€11,373
no longer reported in 2025 (was €11,373)
- Gross operating margin +€5,100
up €5,100 (+5.6%), from €91,861 to €96,961
- Taxes +€2,876
up €2,876 (+20.8%), from €13,855 to €16,731
- Financial charges -€2,664
down €2,664 (-14.0%), from €19,063 to €16,399
- Other operating charges -€1,275
down €1,275 (-19.7%), from €6,476 to €5,201
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,492 | €693,645 | -€29,848 | -4.1% |
| Fixed assets | 21/28 | €673,495 | €650,718 | -€22,777 | -3.4% |
| Tangible fixed assets | 22/27 | €673,495 | €650,718 | -€22,777 | -3.4% |
| Land and buildings | 22 | €673,495 | €650,718 | -€22,777 | -3.4% |
| Current assets | 29/58 | €49,997 | €42,926 | -€7,071 | -14.1% |
| Amounts receivable within one year | 40/41 | €29,289 | €7,868 | -€21,421 | -73.1% |
| Trade receivables | 40 | €29,289 | €7,868 | -€21,421 | -73.1% |
| Cash at bank and in hand | 54/58 | €20,708 | €35,058 | +€14,350 | +69.3% |
| Total equity and liabilities | 10/49 | €723,492 | €693,645 | -€29,848 | -4.1% |
| Equity | 10/15 | €267,086 | €302,938 | +€35,852 | +13.4% |
| Contributions | 10/11 | €2,518 | €2,518 | = | 0.0% |
| Revaluation surpluses | 12 | €49,172 | €49,172 | = | 0.0% |
| Reserves | 13 | €215,396 | €251,249 | +€35,852 | +16.6% |
| Tax-exempt reserves | 132 | €6,569 | €6,569 | = | 0.0% |
| Distributable reserves | 133 | €208,827 | €244,679 | +€35,852 | +17.2% |
| Amounts payable | 17/49 | €456,407 | €390,706 | -€65,700 | -14.4% |
| Amounts payable after more than one year | 17 | €361,007 | €306,659 | -€54,347 | -15.1% |
| Financial debts | 170/4 | €183,507 | €129,159 | -€54,347 | -29.6% |
| Other amounts payable | 178/9 | €177,500 | €177,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,241 | €77,591 | -€10,650 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €60,161 | €54,347 | -€5,814 | -9.7% |
| Financial debts | 43 | €3,397 | €3,381 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,397 | €3,381 | -€16 | -0.5% |
| Trade debts | 44 | €1,044 | €1,699 | +€654 | +62.7% |
| Suppliers | 440/4 | €1,044 | €1,699 | +€654 | +62.7% |
| Advances received on contracts in progress | 46 | €11,373 | - | -€11,373 | |
| Taxes, remuneration and social security | 45 | €5,448 | €8,569 | +€3,122 | +57.3% |
| Taxes | 450/3 | €5,448 | €8,569 | +€3,122 | +57.3% |
| Other amounts payable | 47/48 | €6,819 | €9,594 | +€2,776 | +40.7% |
| Accrued charges and deferred income | 492/3 | €7,158 | €6,456 | -€702 | -9.8% |
| Non-recurring operating income | 76A | - | €2,420 | +€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,777 | €22,777 | = | 0.0% |
| Other operating charges | 640/8 | €6,476 | €5,201 | -€1,275 | -19.7% |
| Gross operating margin | 9900 | €91,861 | €96,961 | +€5,100 | +5.6% |
| Operating profit (loss) | 9901 | €62,607 | €68,982 | +€6,375 | +10.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €19,063 | €16,399 | -€2,664 | -14.0% |
| Recurring financial charges | 65 | €19,063 | €16,399 | -€2,664 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €43,544 | €52,584 | +€9,040 | +20.8% |
| Income taxes | 67/77 | €13,855 | €16,731 | +€2,876 | +20.8% |
| Profit (loss) for the period | 9904 | €29,689 | €35,852 | +€6,163 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,689 | €35,852 | +€6,163 | +20.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.