IMMO CHENEE: 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 CHENEE
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+23.9%), from €5.2m to €6.4m
of which Land and buildings: +€1.1m
- Receivables within one year -€293,574
down €293,574 (-29.1%), from €1.0m to €716,158
of which Other amounts receivable: -€259,023
- Cash +€93,196
up €93,196 (+406%), from €22,954 to €116,150
mainly Debts after one year (+€984,710) and Depreciation (+€504,164)
- Debts after one year +€984,710
up €984,710 (+36.0%), from €2.7m to €3.7m
of which Financial debts: +€984,710
- Short-term financial debts +€146,734
up €146,734 (+270%), from €54,445 to €201,179
of which Credit institutions: +€137,400
- Other debts -€108,286
down €108,286 (-33.6%), from €322,432 to €214,146
- Current portion of long-term debt +€85,501
up €85,501 (+25.7%), from €332,250 to €417,750
- Reserves -€78,790
down €78,790 (-5.9%), from €1.3m to €1.3m
of which Distributable reserves: -€48,000
- Depreciation +€155,659
up €155,659 (+44.7%), from €348,506 to €504,164
- Financial charges +€64,509
up €64,509 (+95.3%), from €67,660 to €132,170
- Gross operating margin +€64,277
up €64,277 (+11.2%), from €574,631 to €638,908
- Taxes -€44,486
down €44,486 (-63.4%), from €70,222 to €25,736
- Other operating charges +€9,152
up €9,152 (+14.8%), from €61,710 to €70,862
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 | €6,519,822 | €7,534,799 | +€1.0m | +15.6% |
| Fixed assets | 21/28 | €5,159,433 | €6,392,997 | +€1.2m | +23.9% |
| Tangible fixed assets | 22/27 | €5,155,833 | €6,389,187 | +€1.2m | +23.9% |
| Land and buildings | 22 | €5,152,899 | €6,210,797 | +€1.1m | +20.5% |
| Plant, machinery and equipment | 23 | €2,935 | €2,506 | -€428 | -14.6% |
| Furniture and vehicles | 24 | - | €175,883 | +€175,883 | |
| Financial fixed assets | 28 | €3,600 | €3,810 | +€210 | +5.8% |
| Current assets | 29/58 | €1,360,389 | €1,141,802 | -€218,587 | -16.1% |
| Amounts receivable after more than one year | 29 | €316,667 | €294,444 | -€22,222 | -7.0% |
| Trade receivables | 290 | €316,667 | €294,444 | -€22,222 | -7.0% |
| Amounts receivable within one year | 40/41 | €1,009,732 | €716,158 | -€293,574 | -29.1% |
| Trade receivables | 40 | €100,032 | €65,481 | -€34,551 | -34.5% |
| Other amounts receivable | 41 | €909,700 | €650,677 | -€259,023 | -28.5% |
| Cash at bank and in hand | 54/58 | €22,954 | €116,150 | +€93,196 | +406% |
| Deferred charges and accrued income | 490/1 | €11,036 | €15,050 | +€4,013 | +36.4% |
| Total equity and liabilities | 10/49 | €6,519,822 | €7,534,799 | +€1.0m | +15.6% |
| Equity | 10/15 | €2,820,113 | €2,726,986 | -€93,127 | -3.3% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,089,389 | €1,089,389 | = | 0.0% |
| Reserves | 13 | €1,340,448 | €1,261,658 | -€78,790 | -5.9% |
| Tax-exempt reserves | 132 | €416,520 | €385,730 | -€30,790 | -7.4% |
| Distributable reserves | 133 | €923,928 | €875,928 | -€48,000 | -5.2% |
| Profit (loss) carried forward | 14 | €15,276 | €940 | -€14,337 | -93.8% |
| Provisions and deferred taxes | 16 | €138,840 | €128,577 | -€10,263 | -7.4% |
| Deferred taxes | 168 | €138,840 | €128,577 | -€10,263 | -7.4% |
| Amounts payable | 17/49 | €3,560,869 | €4,679,236 | +€1.1m | +31.4% |
| Amounts payable after more than one year | 17 | €2,734,260 | €3,718,970 | +€984,710 | +36.0% |
| Financial debts | 170/4 | €2,729,260 | €3,713,970 | +€984,710 | +36.1% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €826,609 | €960,137 | +€133,528 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €332,250 | €417,750 | +€85,501 | +25.7% |
| Financial debts | 43 | €54,445 | €201,179 | +€146,734 | +270% |
| Credit institutions | 430/8 | €54,445 | €191,845 | +€137,400 | +252% |
| Other loans | 439 | - | €9,333 | +€9,333 | |
| Trade debts | 44 | €85,585 | €108,507 | +€22,922 | +26.8% |
| Suppliers | 440/4 | €85,585 | €108,507 | +€22,922 | +26.8% |
| Taxes, remuneration and social security | 45 | €31,897 | €18,555 | -€13,342 | -41.8% |
| Taxes | 450/3 | €31,897 | €16,492 | -€15,405 | -48.3% |
| Remuneration and social security | 454/9 | - | €2,063 | +€2,063 | |
| Other amounts payable | 47/48 | €322,432 | €214,146 | -€108,286 | -33.6% |
| Accrued charges and deferred income | 492/3 | - | €129 | +€129 | |
| Remuneration, social security and pensions | 62 | - | €6,726 | +€6,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,506 | €504,164 | +€155,659 | +44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,640 | +€2,640 | |
| Other operating charges | 640/8 | €61,710 | €70,862 | +€9,152 | +14.8% |
| Gross operating margin | 9900 | €574,631 | €638,908 | +€64,277 | +11.2% |
| Operating profit (loss) | 9901 | €164,415 | €54,515 | -€109,900 | -66.8% |
| Financial charges | 65/66B | €67,660 | €132,170 | +€64,509 | +95.3% |
| Recurring financial charges | 65 | €67,660 | €132,170 | +€64,509 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €96,755 | -€77,654 | -€174,409 | |
| Transfer from deferred taxes | 780 | €10,263 | €10,263 | = | 0.0% |
| Income taxes | 67/77 | €70,222 | €25,736 | -€44,486 | -63.4% |
| Profit (loss) for the period | 9904 | €36,796 | -€93,127 | -€129,923 | |
| Transfer from tax-exempt reserves | 789 | €30,790 | €30,790 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,586 | -€62,337 | -€129,923 |
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 18 October 2026 via checked.be.