IMMO - CINATH: 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 - CINATH
Largest movements
- Tangible fixed assets -€18,883
down €18,883 (-17.5%), from €107,738 to €88,855
of which Furniture and vehicles: -€24,082
- Cash +€8,280
up €8,280 (+144.2%), from €5,744 to €14,024
mainly Net result for the year (+€20,517) and Depreciation (+€18,602)
- Receivables within one year -€1,400
no longer reported in 2025 (was €1,400)
- Deferred charges and accrued income -€1,271
no longer reported in 2025 (was €1,271)
- Current portion of long-term debt -€10,314
no longer reported in 2025 (was €10,314)
- Other debts +€6,255
up €6,255 (+170.7%), from €3,665 to €9,920
- Tax, wage and social debts -€5,396
down €5,396 (-18.7%), from €28,922 to €23,526
- Debts after one year -€2,658
no longer reported in 2025 (was €2,658)
- Gross operating margin -€19,641
down €19,641 (-26.9%), from €73,116 to €53,475
- Depreciation -€6,327
down €6,327 (-25.4%), from €24,928 to €18,602
- Taxes -€4,067
down €4,067 (-35.7%), from €11,385 to €7,318
- Other operating charges -€1,793
down €1,793 (-21.7%), from €8,274 to €6,482
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 | €116,493 | €103,219 | -€13,273 | -11.4% |
| Fixed assets | 21/28 | €108,078 | €89,195 | -€18,883 | -17.5% |
| Tangible fixed assets | 22/27 | €107,738 | €88,855 | -€18,883 | -17.5% |
| Land and buildings | 22 | €74,528 | €58,607 | -€15,922 | -21.4% |
| Plant, machinery and equipment | 23 | €9,128 | €30,249 | +€21,121 | +231.4% |
| Furniture and vehicles | 24 | €24,082 | €0 | -€24,082 | -100.0% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €8,414 | €14,024 | +€5,609 | +66.7% |
| Amounts receivable within one year | 40/41 | €1,400 | - | -€1,400 | |
| Other amounts receivable | 41 | €1,400 | - | -€1,400 | |
| Cash at bank and in hand | 54/58 | €5,744 | €14,024 | +€8,280 | +144.2% |
| Deferred charges and accrued income | 490/1 | €1,271 | - | -€1,271 | |
| Total equity and liabilities | 10/49 | €116,493 | €103,219 | -€13,273 | -11.4% |
| Equity | 10/15 | €69,139 | €68,200 | -€939 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €939 | €0 | -€939 | -100.0% |
| Amounts payable | 17/49 | €47,353 | €35,019 | -€12,334 | -26.0% |
| Amounts payable after more than one year | 17 | €2,658 | - | -€2,658 | |
| Financial debts | 170/4 | €2,658 | - | -€2,658 | |
| Amounts payable within one year | 42/48 | €43,204 | €33,446 | -€9,758 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €10,314 | - | -€10,314 | |
| Trade debts | 44 | €304 | - | -€304 | |
| Suppliers | 440/4 | €304 | - | -€304 | |
| Taxes, remuneration and social security | 45 | €28,922 | €23,526 | -€5,396 | -18.7% |
| Taxes | 450/3 | €28,922 | €23,526 | -€5,396 | -18.7% |
| Other amounts payable | 47/48 | €3,665 | €9,920 | +€6,255 | +170.7% |
| Accrued charges and deferred income | 492/3 | €1,491 | €1,573 | +€82 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,928 | €18,602 | -€6,327 | -25.4% |
| Other operating charges | 640/8 | €8,274 | €6,482 | -€1,793 | -21.7% |
| Gross operating margin | 9900 | €73,116 | €53,475 | -€19,641 | -26.9% |
| Operating profit (loss) | 9901 | €39,913 | €28,392 | -€11,521 | -28.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,099 | €556 | -€543 | -49.4% |
| Recurring financial charges | 65 | €1,099 | €556 | -€543 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €38,814 | €27,835 | -€10,978 | -28.3% |
| Income taxes | 67/77 | €11,385 | €7,318 | -€4,067 | -35.7% |
| Profit (loss) for the period | 9904 | €27,428 | €20,517 | -€6,911 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,428 | €20,517 | -€6,911 | -25.2% |
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 7 October 2026 via checked.be.