IMMO CERBERUS: 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 CERBERUS
Largest movements
- Receivables within one year -€71,399
down €71,399 (-32.5%), from €219,778 to €148,379
- Tangible fixed assets -€13,174
down €13,174 (-1.7%), from €765,941 to €752,766
- Short-term financial debts -€117,000
no longer reported in 2025 (was €117,000)
- Other debts +€20,554
up €20,554 (+6.2%), from €331,575 to €352,129
- Reserves +€15,299
up €15,299 (+15.8%), from €97,132 to €112,431
- Gross operating margin +€4,143
up €4,143 (+11.6%), from €35,696 to €39,839
- Financial income -€2,303
down €2,303 (-18.8%), from €12,279 to €9,975
- Taxes +€1,652
up €1,652 (+35.0%), from €4,724 to €6,376
- Financial charges -€1,455
down €1,455 (-13.2%), from €10,983 to €9,528
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 | €990,420 | €906,218 | -€84,203 | -8.5% |
| Fixed assets | 21/28 | €765,941 | €752,766 | -€13,174 | -1.7% |
| Tangible fixed assets | 22/27 | €765,941 | €752,766 | -€13,174 | -1.7% |
| Land and buildings | 22 | €765,941 | €752,766 | -€13,174 | -1.7% |
| Current assets | 29/58 | €224,479 | €153,451 | -€71,028 | -31.6% |
| Amounts receivable within one year | 40/41 | €219,778 | €148,379 | -€71,399 | -32.5% |
| Other amounts receivable | 41 | €219,778 | €148,379 | -€71,399 | -32.5% |
| Cash at bank and in hand | 54/58 | €3,963 | €4,298 | +€335 | +8.5% |
| Deferred charges and accrued income | 490/1 | €739 | €774 | +€35 | +4.8% |
| Total equity and liabilities | 10/49 | €990,420 | €906,218 | -€84,203 | -8.5% |
| Equity | 10/15 | €524,416 | €539,715 | +€15,299 | +2.9% |
| Contributions | 10/11 | €427,284 | €427,284 | = | 0.0% |
| Reserves | 13 | €97,132 | €112,431 | +€15,299 | +15.8% |
| Distributable reserves | 133 | €97,132 | €112,431 | +€15,299 | +15.8% |
| Amounts payable | 17/49 | €466,004 | €366,503 | -€99,501 | -21.4% |
| Amounts payable within one year | 42/48 | €462,590 | €364,110 | -€98,480 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €9,227 | - | -€9,227 | |
| Financial debts | 43 | €117,000 | - | -€117,000 | |
| Credit institutions | 430/8 | €117,000 | - | -€117,000 | |
| Trade debts | 44 | €64 | €881 | +€817 | +1280.7% |
| Suppliers | 440/4 | €64 | €881 | +€817 | +1280.7% |
| Taxes, remuneration and social security | 45 | €4,724 | €11,100 | +€6,376 | +135.0% |
| Taxes | 450/3 | €4,724 | €11,100 | +€6,376 | +135.0% |
| Other amounts payable | 47/48 | €331,575 | €352,129 | +€20,554 | +6.2% |
| Accrued charges and deferred income | 492/3 | €3,414 | €2,393 | -€1,021 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,174 | €13,174 | = | 0.0% |
| Other operating charges | 640/8 | €5,292 | €5,437 | +€145 | +2.7% |
| Gross operating margin | 9900 | €35,696 | €39,839 | +€4,143 | +11.6% |
| Operating profit (loss) | 9901 | €17,230 | €21,227 | +€3,997 | +23.2% |
| Financial income | 75/76B | €12,279 | €9,975 | -€2,303 | -18.8% |
| Recurring financial income | 75 | €12,279 | €9,975 | -€2,303 | -18.8% |
| Financial charges | 65/66B | €10,983 | €9,528 | -€1,455 | -13.2% |
| Recurring financial charges | 65 | €10,983 | €9,528 | -€1,455 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €18,526 | €21,675 | +€3,148 | +17.0% |
| Income taxes | 67/77 | €4,724 | €6,376 | +€1,652 | +35.0% |
| Profit (loss) for the period | 9904 | €13,802 | €15,299 | +€1,497 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,802 | €15,299 | +€1,497 | +10.8% |
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.