IMMO - CANTILLON: 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.
IMMO - CANTILLON
Largest movements
- Current investments +€53,874
up €53,874 (+29.2%), from €184,215 to €238,088
- Cash -€48,915
down €48,915 (-19.9%), from €245,765 to €196,850
mainly Contributions, distributions and other (-€65,000) and Current investments (-€53,874)
- Profit (loss) carried forward +€41,720
up €41,720 (+55.6%), from €75,090 to €116,810
- Trade debts +€20,509
up €20,509 (+30817.5%), from €67 to €20,576
- Debts after one year -€20,340
down €20,340 (-9.8%), from €207,583 to €187,243
- Other debts -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Depreciation -€8,943
down €8,943 (-38.9%), from €23,011 to €14,068
- Financial charges -€3,409
down €3,409 (-30.9%), from €11,022 to €7,613
- Other operating charges +€3,008
up €3,008 (+72.7%), from €4,136 to €7,143
- Financial income +€2,881
up €2,881 (+175.8%), from €1,639 to €4,520
- Taxes +€2,348
up €2,348 (+5.3%), from €44,118 to €46,466
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 | €946,133 | €960,115 | +€13,983 | +1.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €503,285 | €508,056 | +€4,771 | +0.9% |
| Tangible fixed assets | 22/27 | €503,235 | €508,006 | +€4,771 | +0.9% |
| Land and buildings | 22 | €500,051 | €506,322 | +€6,270 | +1.3% |
| Plant, machinery and equipment | 23 | €1,952 | €1,685 | -€268 | -13.7% |
| Furniture and vehicles | 24 | €1,231 | €0 | -€1,231 | -100.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €442,848 | €452,059 | +€9,211 | +2.1% |
| Amounts receivable within one year | 40/41 | €12,869 | €17,121 | +€4,253 | +33.0% |
| Other amounts receivable | 41 | €12,869 | €17,121 | +€4,253 | +33.0% |
| Current investments | 50/53 | €184,215 | €238,088 | +€53,874 | +29.2% |
| Cash at bank and in hand | 54/58 | €245,765 | €196,850 | -€48,915 | -19.9% |
| Total equity and liabilities | 10/49 | €946,133 | €960,115 | +€13,983 | +1.5% |
| Equity | 10/15 | €683,237 | €724,957 | +€41,720 | +6.1% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €409,831 | €409,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €390,000 | €390,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,090 | €116,810 | +€41,720 | +55.6% |
| Amounts payable | 17/49 | €262,896 | €235,159 | -€27,738 | -10.6% |
| Amounts payable after more than one year | 17 | €207,583 | €187,243 | -€20,340 | -9.8% |
| Financial debts | 170/4 | €207,583 | €187,243 | -€20,340 | -9.8% |
| Amounts payable within one year | 42/48 | €55,313 | €47,915 | -€7,398 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €19,675 | €20,340 | +€664 | +3.4% |
| Trade debts | 44 | €67 | €20,576 | +€20,509 | +30817.5% |
| Suppliers | 440/4 | €67 | €20,576 | +€20,509 | +30817.5% |
| Taxes, remuneration and social security | 45 | €15,571 | €7,000 | -€8,571 | -55.0% |
| Taxes | 450/3 | €15,571 | €7,000 | -€8,571 | -55.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,011 | €14,068 | -€8,943 | -38.9% |
| Other operating charges | 640/8 | €4,136 | €7,143 | +€3,008 | +72.7% |
| Gross operating margin | 9900 | €177,356 | €177,490 | +€134 | +0.1% |
| Operating profit (loss) | 9901 | €150,209 | €156,279 | +€6,069 | +4.0% |
| Financial income | 75/76B | €1,639 | €4,520 | +€2,881 | +175.8% |
| Recurring financial income | 75 | €1,639 | €4,520 | +€2,881 | +175.8% |
| Financial charges | 65/66B | €11,022 | €7,613 | -€3,409 | -30.9% |
| Recurring financial charges | 65 | €11,022 | €7,613 | -€3,409 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €140,827 | €153,186 | +€12,359 | +8.8% |
| Income taxes | 67/77 | €44,118 | €46,466 | +€2,348 | +5.3% |
| Profit (loss) for the period | 9904 | €96,709 | €106,720 | +€10,011 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,709 | €106,720 | +€10,011 | +10.4% |
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 8 October 2026 via checked.be.