IMMO CEDEP: 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 CEDEP
Largest movements
- Receivables within one year -€12,743
down €12,743 (-61.9%), from €20,581 to €7,838
of which Trade receivables: -€12,712
- Tangible fixed assets -€8,226
down €8,226 (-6.5%), from €127,052 to €118,826
- Deferred charges and accrued income +€3,062
up €3,062, from €0 to €3,062
- Profit (loss) carried forward -€17,002
down €17,002 (-13.2%), from €129,003 to €112,001
- Trade debts +€7,455
up €7,455, from €0 to €7,455
- Current portion of long-term debt -€6,842
down €6,842 (-76.6%), from €8,935 to €2,093
- Debts after one year -€2,093
no longer reported in 2025 (was €2,093)
- Gross operating margin -€18,087
down €18,087 (-79.9%), from €22,628 to €4,541
- Other operating charges +€12,642
up €12,642 (+3263.8%), from €387 to €13,029
- Purchases and services +€9,440
up €9,440 (+168.2%), from €5,612 to €15,051
- Turnover -€8,647
down €8,647 (-30.6%), from €28,240 to €19,593
- Taxes -€2,368
no longer reported in 2025 (was €2,368)
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 | €162,859 | €144,376 | -€18,482 | -11.3% |
| Fixed assets | 21/28 | €127,052 | €118,826 | -€8,226 | -6.5% |
| Tangible fixed assets | 22/27 | €127,052 | €118,826 | -€8,226 | -6.5% |
| Land and buildings | 22 | €127,052 | €118,826 | -€8,226 | -6.5% |
| Current assets | 29/58 | €35,807 | €25,550 | -€10,256 | -28.6% |
| Amounts receivable within one year | 40/41 | €20,581 | €7,838 | -€12,743 | -61.9% |
| Trade receivables | 40 | €19,918 | €7,206 | -€12,712 | -63.8% |
| Other amounts receivable | 41 | €663 | €633 | -€31 | -4.6% |
| Cash at bank and in hand | 54/58 | €15,226 | €14,651 | -€576 | -3.8% |
| Deferred charges and accrued income | 490/1 | €0 | €3,062 | +€3,062 | |
| Total equity and liabilities | 10/49 | €162,859 | €144,376 | -€18,482 | -11.3% |
| Equity | 10/15 | €149,463 | €132,461 | -€17,002 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €129,003 | €112,001 | -€17,002 | -13.2% |
| Amounts payable | 17/49 | €13,396 | €11,916 | -€1,480 | -11.0% |
| Amounts payable after more than one year | 17 | €2,093 | - | -€2,093 | |
| Financial debts | 170/4 | €2,093 | - | -€2,093 | |
| Amounts payable within one year | 42/48 | €11,303 | €11,916 | +€613 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €8,935 | €2,093 | -€6,842 | -76.6% |
| Trade debts | 44 | €0 | €7,455 | +€7,455 | |
| Suppliers | 440/4 | €0 | €7,455 | +€7,455 | |
| Taxes, remuneration and social security | 45 | €2,368 | €2,368 | = | 0.0% |
| Taxes | 450/3 | €2,368 | €2,368 | = | 0.0% |
| Turnover | 70 | €28,240 | €19,593 | -€8,647 | -30.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,612 | €15,051 | +€9,440 | +168.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,973 | €8,226 | +€253 | +3.2% |
| Other operating charges | 640/8 | €387 | €13,029 | +€12,642 | +3263.8% |
| Gross operating margin | 9900 | €22,628 | €4,541 | -€18,087 | -79.9% |
| Operating profit (loss) | 9901 | €14,268 | -€16,714 | -€30,982 | |
| Financial charges | 65/66B | €406 | €288 | -€118 | -29.1% |
| Recurring financial charges | 65 | €406 | €288 | -€118 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €13,861 | -€17,002 | -€30,863 | |
| Income taxes | 67/77 | €2,368 | - | -€2,368 | |
| Profit (loss) for the period | 9904 | €11,493 | -€17,002 | -€28,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,493 | -€17,002 | -€28,496 |
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 1 October 2026 via checked.be.