IMMO CAVANTOR: 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 CAVANTOR
Largest movements
- Cash +€18,588
up €18,588 (+71.1%), from €26,137 to €44,725
mainly Net result for the year (+€27,116) and Depreciation (+€7,717)
- Tangible fixed assets -€7,717
down €7,717 (-5.3%), from €146,496 to €138,779
of which Land and buildings: -€7,458
- Reserves +€7,439
up €7,439 (+2.0%), from €371,175 to €378,615
of which Distributable reserves: +€7,439
- Gross operating margin +€9,314
up €9,314 (+21.2%), from €44,011 to €53,325
- Financial income -€3,529
down €3,529 (-47.9%), from €7,361 to €3,833
of which Financial income: -€2,506
- Taxes +€1,826
up €1,826 (+16.9%), from €10,828 to €12,654
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 | €458,971 | €470,078 | +€11,107 | +2.4% |
| Fixed assets | 21/28 | €146,496 | €138,779 | -€7,717 | -5.3% |
| Tangible fixed assets | 22/27 | €146,496 | €138,779 | -€7,717 | -5.3% |
| Land and buildings | 22 | €145,460 | €138,002 | -€7,458 | -5.1% |
| Plant, machinery and equipment | 23 | €1,036 | €777 | -€259 | -25.0% |
| Current assets | 29/58 | €312,475 | €331,299 | +€18,824 | +6.0% |
| Amounts receivable within one year | 40/41 | €838 | €1,050 | +€212 | +25.3% |
| Trade receivables | 40 | €838 | €1,050 | +€212 | +25.3% |
| Current investments | 50/53 | €284,657 | €284,657 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,137 | €44,725 | +€18,588 | +71.1% |
| Deferred charges and accrued income | 490/1 | €843 | €866 | +€23 | +2.8% |
| Total equity and liabilities | 10/49 | €458,971 | €470,078 | +€11,107 | +2.4% |
| Equity | 10/15 | €437,708 | €445,148 | +€7,439 | +1.7% |
| Contributions | 10/11 | €61,584 | €61,584 | = | 0.0% |
| Capital | 10 | €61,584 | €61,584 | = | 0.0% |
| Issued capital | 100 | €61,584 | €61,584 | = | 0.0% |
| Reserves | 13 | €371,175 | €378,615 | +€7,439 | +2.0% |
| Non-distributable reserves | 130/1 | €54,908 | €54,908 | = | 0.0% |
| Legal reserve | 130 | €54,908 | €54,908 | = | 0.0% |
| Tax-exempt reserves | 132 | €308 | €308 | = | 0.0% |
| Distributable reserves | 133 | €315,959 | €323,398 | +€7,439 | +2.4% |
| Profit (loss) carried forward | 14 | €4,949 | €4,949 | = | 0.0% |
| Amounts payable | 17/49 | €21,263 | €24,930 | +€3,667 | +17.2% |
| Amounts payable within one year | 42/48 | €21,263 | €24,930 | +€3,667 | +17.2% |
| Trade debts | 44 | €3,013 | €3,397 | +€383 | +12.7% |
| Suppliers | 440/4 | €3,013 | €3,397 | +€383 | +12.7% |
| Taxes, remuneration and social security | 45 | €2,785 | €4,918 | +€2,132 | +76.6% |
| Taxes | 450/3 | €2,785 | €4,918 | +€2,132 | +76.6% |
| Other amounts payable | 47/48 | €15,464 | €16,616 | +€1,152 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,717 | €7,717 | = | 0.0% |
| Other operating charges | 640/8 | €8,276 | €8,489 | +€213 | +2.6% |
| Gross operating margin | 9900 | €44,011 | €53,325 | +€9,314 | +21.2% |
| Operating profit (loss) | 9901 | €28,018 | €37,119 | +€9,101 | +32.5% |
| Financial income | 75/76B | €7,361 | €3,833 | -€3,529 | -47.9% |
| Recurring financial income | 75 | €6,338 | €3,833 | -€2,506 | -39.5% |
| Non-recurring financial income | 76B | €1,023 | - | -€1,023 | |
| Financial charges | 65/66B | €1,347 | €1,182 | -€165 | -12.2% |
| Recurring financial charges | 65 | €1,347 | €1,182 | -€165 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €34,032 | €39,770 | +€5,737 | +16.9% |
| Income taxes | 67/77 | €10,828 | €12,654 | +€1,826 | +16.9% |
| Profit (loss) for the period | 9904 | €23,204 | €27,116 | +€3,912 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,204 | €27,116 | +€3,912 | +16.9% |
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 16 October 2026 via checked.be.