IMMO CMC: 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 CMC
Largest movements
- Financial fixed assets +€532,304
up €532,304 (+189%), from €281,844 to €814,147
- Cash +€28,296
up €28,296 (+11.9%), from €238,158 to €266,454
mainly Other debts (+€536,554) and Net result for the year (+€38,118)
- Receivables within one year +€22,216
up €22,216 (+20.9%), from €106,484 to €128,700
of which Other amounts receivable: +€28,750
- Other debts +€536,554
up €536,554 (+695%), from €77,178 to €613,733
- Reserves +€38,118
up €38,118 (+5.8%), from €653,977 to €692,095
of which Distributable reserves: +€38,118
- Gross operating margin -€6,451
down €6,451 (-5.2%), from €124,092 to €117,642
- Taxes -€2,912
down €2,912 (-18.6%), from €15,618 to €12,706
- Staff costs +€1,971
up €1,971 (+4.1%), from €47,921 to €49,892
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 | €856,317 | €1,431,648 | +€575,330 | +67.2% |
| Fixed assets | 21/28 | €511,519 | €1,036,329 | +€524,810 | +103% |
| Tangible fixed assets | 22/27 | €229,675 | €222,182 | -€7,493 | -3.3% |
| Land and buildings | 22 | €229,675 | €222,182 | -€7,493 | -3.3% |
| Financial fixed assets | 28 | €281,844 | €814,147 | +€532,304 | +189% |
| Current assets | 29/58 | €344,798 | €395,319 | +€50,520 | +14.7% |
| Amounts receivable within one year | 40/41 | €106,484 | €128,700 | +€22,216 | +20.9% |
| Trade receivables | 40 | €6,534 | - | -€6,534 | |
| Other amounts receivable | 41 | €99,950 | €128,700 | +€28,750 | +28.8% |
| Cash at bank and in hand | 54/58 | €238,158 | €266,454 | +€28,296 | +11.9% |
| Deferred charges and accrued income | 490/1 | €156 | €164 | +€8 | +5.0% |
| Total equity and liabilities | 10/49 | €856,317 | €1,431,648 | +€575,330 | +67.2% |
| Equity | 10/15 | €753,482 | €791,599 | +€38,118 | +5.1% |
| Contributions | 10/11 | €99,504 | €99,504 | = | 0.0% |
| Capital | 10 | €99,504 | €99,504 | = | 0.0% |
| Issued capital | 100 | €99,504 | €99,504 | = | 0.0% |
| Reserves | 13 | €653,977 | €692,095 | +€38,118 | +5.8% |
| Non-distributable reserves | 130/1 | €10,013 | €10,013 | = | 0.0% |
| Legal reserve | 130 | €9,950 | €9,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €63 | €63 | = | 0.0% |
| Distributable reserves | 133 | €643,964 | €682,082 | +€38,118 | +5.9% |
| Amounts payable | 17/49 | €102,836 | €640,048 | +€537,213 | +522% |
| Amounts payable within one year | 42/48 | €96,763 | €632,826 | +€536,062 | +554% |
| Trade debts | 44 | €4,207 | €156 | -€4,051 | -96.3% |
| Suppliers | 440/4 | €4,207 | €156 | -€4,051 | -96.3% |
| Taxes, remuneration and social security | 45 | €15,378 | €18,937 | +€3,559 | +23.1% |
| Taxes | 450/3 | €5,490 | €6,204 | +€714 | +13.0% |
| Remuneration and social security | 454/9 | €9,888 | €12,733 | +€2,845 | +28.8% |
| Other amounts payable | 47/48 | €77,178 | €613,733 | +€536,554 | +695% |
| Accrued charges and deferred income | 492/3 | €6,073 | €7,223 | +€1,150 | +18.9% |
| Remuneration, social security and pensions | 62 | €47,921 | €49,892 | +€1,971 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,493 | €7,493 | = | 0.0% |
| Other operating charges | 640/8 | €1,999 | €2,060 | +€61 | +3.1% |
| Gross operating margin | 9900 | €124,092 | €117,642 | -€6,451 | -5.2% |
| Operating profit (loss) | 9901 | €66,679 | €58,196 | -€8,483 | -12.7% |
| Financial income | 75/76B | €146 | - | -€146 | |
| Recurring financial income | 75 | €146 | - | -€146 | |
| Financial charges | 65/66B | €6,208 | €7,373 | +€1,165 | +18.8% |
| Recurring financial charges | 65 | €6,208 | €7,373 | +€1,165 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €60,618 | €50,824 | -€9,794 | -16.2% |
| Income taxes | 67/77 | €15,618 | €12,706 | -€2,912 | -18.6% |
| Profit (loss) for the period | 9904 | €45,000 | €38,118 | -€6,882 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,000 | €38,118 | -€6,882 | -15.3% |
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 22 October 2026 via checked.be.