Immo Catral: 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 Catral
Largest movements
- Tangible fixed assets +€302,528
up €302,528 (+40.1%), from €753,956 to €1.1m
of which Land and buildings: +€310,395
- Cash -€44,254
down €44,254 (-87.0%), from €50,881 to €6,626
mainly Investment in fixed assets (net) (-€358,758) and Net result for the year (-€56,017)
- Deferred charges and accrued income +€24,452
new in 2025: €24,452
- Other debts +€216,464
up €216,464 (+33.3%), from €649,248 to €865,713
- Debts after one year +€100,991
up €100,991 (+64.2%), from €157,335 to €258,326
of which Financial debts: +€92,891
- Profit (loss) carried forward -€56,017
down €56,017, from €38,916 to -€17,101
- Current portion of long-term debt +€14,021
new in 2025: €14,021
- Gross operating margin -€65,399
down €65,399 (-82.4%), from €79,409 to €14,010
- Financial charges +€10,147
up €10,147 (+683.0%), from €1,486 to €11,633
- Depreciation +€4,970
up €4,970 (+9.7%), from €51,260 to €56,230
- Other operating charges -€4,875
no longer reported in 2025 (was €4,875)
- Taxes -€2,185
down €2,185 (-50.2%), from €4,348 to €2,164
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 | €875,585 | €1,158,143 | +€282,558 | +32.3% |
| Fixed assets | 21/28 | €753,956 | €1,056,484 | +€302,528 | +40.1% |
| Tangible fixed assets | 22/27 | €753,956 | €1,056,484 | +€302,528 | +40.1% |
| Land and buildings | 22 | €707,620 | €1,018,015 | +€310,395 | +43.9% |
| Plant, machinery and equipment | 23 | €152 | - | -€152 | |
| Furniture and vehicles | 24 | €12,727 | €8,747 | -€3,980 | -31.3% |
| Leasing and similar rights | 25 | €26,062 | €23,216 | -€2,846 | -10.9% |
| Other tangible fixed assets | 26 | €7,394 | €6,505 | -€889 | -12.0% |
| Current assets | 29/58 | €121,629 | €101,659 | -€19,970 | -16.4% |
| Amounts receivable within one year | 40/41 | €70,749 | €70,581 | -€168 | -0.2% |
| Trade receivables | 40 | €70,749 | €70,572 | -€177 | -0.2% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €50,881 | €6,626 | -€44,254 | -87.0% |
| Deferred charges and accrued income | 490/1 | - | €24,452 | +€24,452 | |
| Total equity and liabilities | 10/49 | €875,585 | €1,158,143 | +€282,558 | +32.3% |
| Equity | 10/15 | €57,516 | €1,499 | -€56,017 | -97.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,916 | -€17,101 | -€56,017 | |
| Amounts payable | 17/49 | €818,069 | €1,156,644 | +€338,575 | +41.4% |
| Amounts payable after more than one year | 17 | €157,335 | €258,326 | +€100,991 | +64.2% |
| Financial debts | 170/4 | €154,692 | €247,584 | +€92,891 | +60.0% |
| Other amounts payable | 178/9 | €2,643 | €10,743 | +€8,100 | +306.5% |
| Amounts payable within one year | 42/48 | €660,734 | €898,318 | +€237,584 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | - | €14,021 | +€14,021 | |
| Trade debts | 44 | €6,439 | €13,538 | +€7,099 | +110.2% |
| Suppliers | 440/4 | €6,439 | €13,538 | +€7,099 | +110.2% |
| Taxes, remuneration and social security | 45 | €5,046 | €5,046 | = | 0.0% |
| Taxes | 450/3 | €5,046 | €5,046 | = | 0.0% |
| Other amounts payable | 47/48 | €649,248 | €865,713 | +€216,464 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,260 | €56,230 | +€4,970 | +9.7% |
| Other operating charges | 640/8 | €4,875 | - | -€4,875 | |
| Non-recurring operating charges | 66A | €6,000 | - | -€6,000 | |
| Gross operating margin | 9900 | €79,409 | €14,010 | -€65,399 | -82.4% |
| Operating profit (loss) | 9901 | €17,274 | -€42,221 | -€59,494 | |
| Financial charges | 65/66B | €1,486 | €11,633 | +€10,147 | +683.0% |
| Recurring financial charges | 65 | €1,486 | €11,633 | +€10,147 | +683.0% |
| Profit (loss) for the period before taxes | 9903 | €15,788 | -€53,853 | -€69,641 | |
| Income taxes | 67/77 | €4,348 | €2,164 | -€2,185 | -50.2% |
| Profit (loss) for the period | 9904 | €11,440 | -€56,017 | -€67,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,440 | -€56,017 | -€67,457 |
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 4 October 2026 via checked.be.