IMMO CEMA: 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 CEMA
Largest movements
- Tangible fixed assets -€19,068
down €19,068 (-6.6%), from €287,097 to €268,029
- Debts -€15,898
down €15,898 (-5.2%), from €305,783 to €289,885
of which Debts after one year: -€16,172
- Gross operating margin -€7,945
down €7,945 (-23.5%), from €33,805 to €25,860
- Financial charges +€7,782
new in 2021: €7,782
- Taxes -€1,355
no longer reported in 2021 (was €1,355)
- Financial income +€1,326
new in 2021: €1,326
- Other operating charges +€840
new in 2021: €840
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,791 | €301,077 | -€16,714 | -5.3% |
| Formation expenses | 20 | €311 | €0 | -€311 | -100.0% |
| Fixed assets | 21/28 | €287,097 | €268,029 | -€19,068 | -6.6% |
| Tangible fixed assets | 22/27 | €287,097 | €268,029 | -€19,068 | -6.6% |
| Land and buildings | 22 | - | €264,534 | +€264,534 | |
| Plant, machinery and equipment | 23 | - | €3,495 | +€3,495 | |
| Current assets | 29/58 | €30,383 | €33,048 | +€2,665 | +8.8% |
| Amounts receivable within one year | 40/41 | €16,429 | €25,828 | +€9,399 | +57.2% |
| Other amounts receivable | 41 | - | €25,828 | +€25,828 | |
| Cash at bank and in hand | 54/58 | €6,201 | €3,468 | -€2,733 | -44.1% |
| Deferred charges and accrued income | 490/1 | - | €3,752 | +€3,752 | |
| Total equity and liabilities | 10/49 | €317,791 | €301,077 | -€16,714 | -5.3% |
| Equity | 10/15 | €12,008 | €11,192 | -€816 | -6.8% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €813 | €813 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €27 | +€27 | |
| Reserves not available under the articles | 1311 | - | €27 | +€27 | |
| Distributable reserves | 133 | - | €786 | +€786 | |
| Profit (loss) carried forward | 14 | €4,995 | €4,179 | -€816 | -16.3% |
| Amounts payable | 17/49 | €305,783 | €289,885 | -€15,898 | -5.2% |
| Amounts payable after more than one year | 17 | €284,544 | €268,372 | -€16,172 | -5.7% |
| Financial debts | 170/4 | - | €268,372 | +€268,372 | |
| Amounts payable within one year | 42/48 | €20,570 | €20,879 | +€309 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,501 | +€17,501 | |
| Trade debts | 44 | €54 | €22 | -€32 | -59.3% |
| Suppliers | 440/4 | - | €22 | +€22 | |
| Taxes, remuneration and social security | 45 | - | €1,356 | +€1,356 | |
| Taxes | 450/3 | - | €1,356 | +€1,356 | |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €634 | +€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,738 | €19,380 | -€358 | -1.8% |
| Other operating charges | 640/8 | - | €840 | +€840 | |
| Gross operating margin | 9900 | €33,805 | €25,860 | -€7,945 | -23.5% |
| Operating profit (loss) | 9901 | €13,233 | €5,640 | -€7,593 | -57.4% |
| Financial income | 75/76B | - | €1,326 | +€1,326 | |
| Recurring financial income | 75 | €1,283 | €1,326 | +€43 | +3.4% |
| Financial charges | 65/66B | - | €7,782 | +€7,782 | |
| Recurring financial charges | 65 | €8,166 | €7,782 | -€384 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €6,350 | -€816 | -€7,166 | |
| Income taxes | 67/77 | €1,355 | - | -€1,355 | |
| Profit (loss) for the period | 9904 | €4,995 | -€816 | -€5,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,995 | -€816 | -€5,811 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.