Immo Ceunen: 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 Ceunen
Largest movements
- Tangible fixed assets -€27,000
down €27,000 (-2.2%), from €1.2m to €1.2m
- Profit (loss) carried forward +€47,263
up €47,263 (+158%), from €29,942 to €77,205
- Debts after one year -€47,195
down €47,195 (-4.7%), from €1.0m to €957,578
- Other debts -€42,860
down €42,860 (-36.1%), from €118,598 to €75,738
- Tax, wage and social debts +€17,205
up €17,205 (+205%), from €8,407 to €25,611
- Gross operating margin +€23,610
up €23,610 (+29.4%), from €80,248 to €103,858
- Taxes +€8,798
up €8,798 (+105%), from €8,407 to €17,205
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 | €1,209,700 | €1,184,412 | -€25,288 | -2.1% |
| Formation expenses | 20 | €125 | €0 | -€125 | -100% |
| Fixed assets | 21/28 | €1,208,659 | €1,181,660 | -€27,000 | -2.2% |
| Tangible fixed assets | 22/27 | €1,208,659 | €1,181,660 | -€27,000 | -2.2% |
| Land and buildings | 22 | €1,208,659 | €1,181,660 | -€27,000 | -2.2% |
| Current assets | 29/58 | €915 | €2,752 | +€1,837 | +201% |
| Cash at bank and in hand | 54/58 | €915 | €1,871 | +€955 | +104% |
| Deferred charges and accrued income | 490/1 | - | €882 | +€882 | |
| Total equity and liabilities | 10/49 | €1,209,700 | €1,184,412 | -€25,288 | -2.1% |
| Equity | 10/15 | €30,942 | €78,205 | +€47,263 | +153% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,942 | €77,205 | +€47,263 | +158% |
| Amounts payable | 17/49 | €1,178,758 | €1,106,207 | -€72,551 | -6.2% |
| Amounts payable after more than one year | 17 | €1,004,774 | €957,578 | -€47,195 | -4.7% |
| Financial debts | 170/4 | €1,004,774 | €957,578 | -€47,195 | -4.7% |
| Amounts payable within one year | 42/48 | €173,984 | €148,629 | -€25,355 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €46,540 | €47,195 | +€656 | +1.4% |
| Trade debts | 44 | €440 | €84 | -€356 | -80.9% |
| Suppliers | 440/4 | €440 | €84 | -€356 | -80.9% |
| Taxes, remuneration and social security | 45 | €8,407 | €25,611 | +€17,205 | +205% |
| Taxes | 450/3 | €8,407 | €25,611 | +€17,205 | +205% |
| Other amounts payable | 47/48 | €118,598 | €75,738 | -€42,860 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,250 | €27,125 | -€125 | -0.5% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €80,248 | €103,858 | +€23,610 | +29.4% |
| Operating profit (loss) | 9901 | €51,913 | €75,615 | +€23,702 | +45.7% |
| Financial charges | 65/66B | €11,803 | €11,147 | -€656 | -5.6% |
| Recurring financial charges | 65 | €11,803 | €11,147 | -€656 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €40,110 | €64,468 | +€24,358 | +60.7% |
| Income taxes | 67/77 | €8,407 | €17,205 | +€8,798 | +105% |
| Profit (loss) for the period | 9904 | €31,703 | €47,263 | +€15,560 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,703 | €47,263 | +€15,560 | +49.1% |
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 28 October 2026 via checked.be.