IMMO CREA: 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 CREA
Largest movements
- Current investments -€200,000
down €200,000 (-99.9%), from €200,250 to €250
- Cash +€150,202
up €150,202 (+1020.6%), from €14,718 to €164,919
mainly Current investments (+€200,000) and Depreciation (+€159,232)
- Tangible fixed assets -€148,432
down €148,432 (-4.8%), from €3.1m to €2.9m
of which Land and buildings: -€151,461
- Debts after one year -€125,886
down €125,886 (-11.8%), from €1.1m to €937,835
- Other debts -€109,686
down €109,686 (-54.6%), from €200,850 to €91,163
- Reserves +€68,992
up €68,992 (+6.0%), from €1.2m to €1.2m
of which Distributable reserves: +€70,316
- Current portion of long-term debt -€40,308
down €40,308 (-24.3%), from €166,194 to €125,886
- Gross operating margin -€36,673
down €36,673 (-9.0%), from €409,423 to €372,751
- Other operating charges +€27,872
up €27,872 (+50.8%), from €54,910 to €82,781
- Financial charges -€12,340
down €12,340 (-30.0%), from €41,153 to €28,814
- Taxes -€11,386
down €11,386 (-24.3%), from €46,898 to €35,512
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 | €3,331,740 | €3,135,219 | -€196,521 | -5.9% |
| Fixed assets | 21/28 | €3,089,135 | €2,940,703 | -€148,432 | -4.8% |
| Tangible fixed assets | 22/27 | €3,089,135 | €2,940,703 | -€148,432 | -4.8% |
| Land and buildings | 22 | €3,081,784 | €2,930,323 | -€151,461 | -4.9% |
| Plant, machinery and equipment | 23 | €5,901 | €7,538 | +€1,637 | +27.7% |
| Furniture and vehicles | 24 | €1,450 | €2,842 | +€1,392 | +96.0% |
| Current assets | 29/58 | €242,605 | €194,516 | -€48,089 | -19.8% |
| Amounts receivable within one year | 40/41 | - | €5,690 | +€5,690 | |
| Other amounts receivable | 41 | - | €5,690 | +€5,690 | |
| Current investments | 50/53 | €200,250 | €250 | -€200,000 | -99.9% |
| Cash at bank and in hand | 54/58 | €14,718 | €164,919 | +€150,202 | +1020.6% |
| Deferred charges and accrued income | 490/1 | €27,637 | €23,656 | -€3,981 | -14.4% |
| Total equity and liabilities | 10/49 | €3,331,740 | €3,135,219 | -€196,521 | -5.9% |
| Equity | 10/15 | €1,848,603 | €1,917,595 | +€68,992 | +3.7% |
| Contributions | 10/11 | €698,500 | €698,500 | = | 0.0% |
| Capital | 10 | €698,500 | €698,500 | = | 0.0% |
| Issued capital | 100 | €698,500 | €698,500 | = | 0.0% |
| Reserves | 13 | €1,150,103 | €1,219,095 | +€68,992 | +6.0% |
| Non-distributable reserves | 130/1 | €69,850 | €69,850 | = | 0.0% |
| Legal reserve | 130 | €69,850 | €69,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,486 | €21,162 | -€1,324 | -5.9% |
| Distributable reserves | 133 | €1,057,767 | €1,128,083 | +€70,316 | +6.6% |
| Provisions and deferred taxes | 16 | €11,579 | €10,897 | -€682 | -5.9% |
| Deferred taxes | 168 | €11,579 | €10,897 | -€682 | -5.9% |
| Amounts payable | 17/49 | €1,471,558 | €1,206,727 | -€264,831 | -18.0% |
| Amounts payable after more than one year | 17 | €1,063,721 | €937,835 | -€125,886 | -11.8% |
| Financial debts | 170/4 | €1,063,721 | €937,835 | -€125,886 | -11.8% |
| Amounts payable within one year | 42/48 | €397,087 | €257,281 | -€139,807 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €166,194 | €125,886 | -€40,308 | -24.3% |
| Trade debts | 44 | €5,777 | €18,265 | +€12,488 | +216.2% |
| Suppliers | 440/4 | €5,777 | €18,265 | +€12,488 | +216.2% |
| Taxes, remuneration and social security | 45 | €24,266 | €21,966 | -€2,300 | -9.5% |
| Taxes | 450/3 | €24,266 | €21,966 | -€2,300 | -9.5% |
| Other amounts payable | 47/48 | €200,850 | €91,163 | -€109,686 | -54.6% |
| Accrued charges and deferred income | 492/3 | €10,750 | €11,611 | +€861 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,752 | €159,232 | +€480 | +0.3% |
| Other operating charges | 640/8 | €54,910 | €82,781 | +€27,872 | +50.8% |
| Gross operating margin | 9900 | €409,423 | €372,751 | -€36,673 | -9.0% |
| Operating profit (loss) | 9901 | €195,762 | €130,737 | -€65,024 | -33.2% |
| Financial income | 75/76B | €4,957 | €1,899 | -€3,058 | -61.7% |
| Recurring financial income | 75 | €4,957 | €1,899 | -€3,058 | -61.7% |
| Financial charges | 65/66B | €41,153 | €28,814 | -€12,340 | -30.0% |
| Recurring financial charges | 65 | €41,153 | €28,814 | -€12,340 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €159,565 | €103,823 | -€55,742 | -34.9% |
| Transfer from deferred taxes | 780 | €682 | €682 | = | 0.0% |
| Income taxes | 67/77 | €46,898 | €35,512 | -€11,386 | -24.3% |
| Profit (loss) for the period | 9904 | €113,348 | €68,992 | -€44,356 | -39.1% |
| Transfer from tax-exempt reserves | 789 | €1,324 | €1,324 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,673 | €70,316 | -€44,356 | -38.7% |
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 10 October 2026 via checked.be.