Immo-Ceysens: 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-Ceysens
Largest movements
- Cash -€32,307
down €32,307 (-36.9%), from €87,522 to €55,215
mainly Contributions, distributions and other (-€84,750) and Current investments (-€28,970)
- Current investments +€28,970
new in 2025: €28,970
- Receivables within one year -€12,735
down €12,735 (-50.1%), from €25,406 to €12,671
- Tangible fixed assets -€9,627
down €9,627 (-3.0%), from €317,941 to €308,314
of which Land and buildings: -€11,206
- Reserves -€31,897
down €31,897 (-11.2%), from €284,643 to €252,746
of which Distributable reserves: -€27,710
- Accrued charges and deferred income +€5,191
up €5,191 (+338%), from €1,536 to €6,727
- Other operating charges +€1,809
up €1,809 (+12.7%), from €14,296 to €16,104
- Gross operating margin -€1,168
down €1,168 (-1.3%), from €88,954 to €87,785
- Taxes +€1,144
up €1,144 (+25.0%), from €4,569 to €5,713
- Financial income +€921
up €921 (+29.8%), from €3,091 to €4,013
of which Non-recurring financial income: +€1,303
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 | €481,280 | €459,377 | -€21,903 | -4.6% |
| Fixed assets | 21/28 | €317,941 | €308,314 | -€9,627 | -3.0% |
| Tangible fixed assets | 22/27 | €317,941 | €308,314 | -€9,627 | -3.0% |
| Land and buildings | 22 | €291,280 | €280,075 | -€11,206 | -3.8% |
| Plant, machinery and equipment | 23 | €26,123 | €28,239 | +€2,116 | +8.1% |
| Furniture and vehicles | 24 | €538 | - | -€538 | |
| Current assets | 29/58 | €163,339 | €151,063 | -€12,276 | -7.5% |
| Amounts receivable after more than one year | 29 | €50,410 | €53,218 | +€2,808 | +5.6% |
| Other amounts receivable | 291 | €50,410 | €53,218 | +€2,808 | +5.6% |
| Amounts receivable within one year | 40/41 | €25,406 | €12,671 | -€12,735 | -50.1% |
| Other amounts receivable | 41 | €25,406 | €12,671 | -€12,735 | -50.1% |
| Current investments | 50/53 | - | €28,970 | +€28,970 | |
| Cash at bank and in hand | 54/58 | €87,522 | €55,215 | -€32,307 | -36.9% |
| Deferred charges and accrued income | 490/1 | - | €989 | +€989 | |
| Total equity and liabilities | 10/49 | €481,280 | €459,377 | -€21,903 | -4.6% |
| Equity | 10/15 | €370,236 | €338,344 | -€31,892 | -8.6% |
| Contributions | 10/11 | €85,523 | €85,523 | = | 0.0% |
| Capital | 10 | €85,523 | €85,523 | = | 0.0% |
| Issued capital | 100 | €85,523 | €85,523 | = | 0.0% |
| Reserves | 13 | €284,643 | €252,746 | -€31,897 | -11.2% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €8,552 | €8,552 | = | 0.0% |
| Reserves not available under the articles | 1311 | €744 | €744 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,177 | €69,990 | -€4,187 | -5.6% |
| Distributable reserves | 133 | €201,170 | €173,460 | -€27,710 | -13.8% |
| Profit (loss) carried forward | 14 | €70 | €75 | +€4 | +6.3% |
| Provisions and deferred taxes | 16 | €16,693 | €15,297 | -€1,396 | -8.4% |
| Deferred taxes | 168 | €16,693 | €15,297 | -€1,396 | -8.4% |
| Amounts payable | 17/49 | €94,351 | €105,736 | +€11,385 | +12.1% |
| Amounts payable within one year | 42/48 | €92,815 | €99,009 | +€6,194 | +6.7% |
| Trade debts | 44 | - | €4,110 | +€4,110 | |
| Suppliers | 440/4 | - | €4,110 | +€4,110 | |
| Taxes, remuneration and social security | 45 | €7,965 | €10,149 | +€2,184 | +27.4% |
| Taxes | 450/3 | €7,965 | €10,149 | +€2,184 | +27.4% |
| Other amounts payable | 47/48 | €84,850 | €84,750 | -€100 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,536 | €6,727 | +€5,191 | +338% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,057 | €18,478 | +€421 | +2.3% |
| Other operating charges | 640/8 | €14,296 | €16,104 | +€1,809 | +12.7% |
| Gross operating margin | 9900 | €88,954 | €87,785 | -€1,168 | -1.3% |
| Operating profit (loss) | 9901 | €56,601 | €53,203 | -€3,398 | -6.0% |
| Financial income | 75/76B | €3,091 | €4,013 | +€921 | +29.8% |
| Recurring financial income | 75 | €412 | €30 | -€382 | -92.7% |
| Non-recurring financial income | 76B | €2,679 | €3,983 | +€1,303 | +48.6% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €59,649 | €57,175 | -€2,474 | -4.1% |
| Transfer from deferred taxes | 780 | €1,396 | €1,396 | = | 0.0% |
| Income taxes | 67/77 | €4,569 | €5,713 | +€1,144 | +25.0% |
| Profit (loss) for the period | 9904 | €56,476 | €52,858 | -€3,618 | -6.4% |
| Transfer from tax-exempt reserves | 789 | €4,187 | €4,187 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,662 | €57,044 | -€3,618 | -6.0% |
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 17 October 2026 via checked.be.