IMMO CNNG: 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 CNNG
Largest movements
- Tangible fixed assets +€619,288
up €619,288 (+27.2%), from €2.3m to €2.9m
- Receivables within one year +€193,977
up €193,977, from €0 to €193,977
of which Trade receivables: +€190,700
- Stocks and contracts +€68,754
up €68,754 (+14.2%), from €483,114 to €551,868
- Cash -€46,029
down €46,029 (-36.3%), from €126,870 to €80,840
mainly Investment in fixed assets (net) (-€695,656) and Receivables within one year (-€193,977)
- Debts after one year +€699,519
up €699,519 (+125%), from €561,395 to €1.3m
of which Financial debts: +€698,319
- Profit (loss) carried forward +€80,355
up €80,355 (+286%), from €28,132 to €108,487
- Current portion of long-term debt +€58,439
up €58,439 (+90.0%), from €64,908 to €123,347
- Other debts -€43,795
down €43,795 (-2.5%), from €1.7m to €1.7m
- Gross operating margin -€310,182
down €310,182 (-59.4%), from €522,522 to €212,340
- Depreciation +€24,422
up €24,422 (+45.7%), from €53,426 to €77,848
- Taxes +€21,723
new in 2025: €21,723
- Financial charges +€8,074
up €8,074 (+42.1%), from €19,157 to €27,231
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 | €2,889,086 | €3,723,597 | +€834,511 | +28.9% |
| Fixed assets | 21/28 | €2,279,075 | €2,896,883 | +€617,808 | +27.1% |
| Tangible fixed assets | 22/27 | €2,275,095 | €2,894,383 | +€619,288 | +27.2% |
| Land and buildings | 22 | €2,275,095 | €2,894,383 | +€619,288 | +27.2% |
| Financial fixed assets | 28 | €3,980 | €2,500 | -€1,480 | -37.2% |
| Current assets | 29/58 | €610,011 | €826,714 | +€216,703 | +35.5% |
| Stocks and contracts in progress | 3 | €483,114 | €551,868 | +€68,754 | +14.2% |
| Stocks | 30/36 | €483,114 | €551,868 | +€68,754 | +14.2% |
| Amounts receivable within one year | 40/41 | €0 | €193,977 | +€193,977 | |
| Trade receivables | 40 | €0 | €190,700 | +€190,700 | |
| Other amounts receivable | 41 | €0 | €3,277 | +€3,277 | |
| Cash at bank and in hand | 54/58 | €126,870 | €80,840 | -€46,029 | -36.3% |
| Deferred charges and accrued income | 490/1 | €27 | €28 | +€1 | +3.5% |
| Total equity and liabilities | 10/49 | €2,889,086 | €3,723,597 | +€834,511 | +28.9% |
| Equity | 10/15 | €387,438 | €457,628 | +€70,190 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €340,706 | €330,541 | -€10,165 | -3.0% |
| Tax-exempt reserves | 132 | €338,846 | €328,681 | -€10,165 | -3.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,132 | €108,487 | +€80,355 | +286% |
| Provisions and deferred taxes | 16 | €112,949 | €109,560 | -€3,388 | -3.0% |
| Deferred taxes | 168 | €112,949 | €109,560 | -€3,388 | -3.0% |
| Amounts payable | 17/49 | €2,388,699 | €3,156,409 | +€767,710 | +32.1% |
| Amounts payable after more than one year | 17 | €561,395 | €1,260,914 | +€699,519 | +125% |
| Financial debts | 170/4 | €555,515 | €1,253,834 | +€698,319 | +126% |
| Other amounts payable | 178/9 | €5,880 | €7,080 | +€1,200 | +20.4% |
| Amounts payable within one year | 42/48 | €1,826,464 | €1,894,655 | +€68,191 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €64,908 | €123,347 | +€58,439 | +90.0% |
| Trade debts | 44 | €9,507 | €41,761 | +€32,254 | +339% |
| Suppliers | 440/4 | €9,507 | €41,761 | +€32,254 | +339% |
| Taxes, remuneration and social security | 45 | €34,518 | €55,811 | +€21,293 | +61.7% |
| Taxes | 450/3 | €34,518 | €55,811 | +€21,293 | +61.7% |
| Other amounts payable | 47/48 | €1,717,530 | €1,673,735 | -€43,795 | -2.5% |
| Accrued charges and deferred income | 492/3 | €840 | €840 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,426 | €77,848 | +€24,422 | +45.7% |
| Other operating charges | 640/8 | €14,643 | €18,736 | +€4,093 | +28.0% |
| Gross operating margin | 9900 | €522,522 | €212,340 | -€310,182 | -59.4% |
| Operating profit (loss) | 9901 | €454,453 | €115,755 | -€338,697 | -74.5% |
| Financial charges | 65/66B | €19,157 | €27,231 | +€8,074 | +42.1% |
| Recurring financial charges | 65 | €19,157 | €27,231 | +€8,074 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €435,296 | €88,524 | -€346,772 | -79.7% |
| Transfer from deferred taxes | 780 | - | €3,388 | +€3,388 | |
| Transfer to deferred taxes | 680 | €112,949 | €0 | -€112,949 | -100% |
| Income taxes | 67/77 | - | €21,723 | +€21,723 | |
| Profit (loss) for the period | 9904 | €322,347 | €70,190 | -€252,157 | -78.2% |
| Transfer from tax-exempt reserves | 789 | - | €10,165 | +€10,165 | |
| Transfer to tax-exempt reserves | 689 | €338,846 | €0 | -€338,846 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,499 | €80,355 | +€96,855 |
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 30 October 2026 via checked.be.