IMMO CREEMERS: 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 CREEMERS
Largest movements
- Receivables after one year +€1.2m
new in 2025: €1.2m
- Tangible fixed assets +€171,919
up €171,919 (+11.9%), from €1.4m to €1.6m
of which Assets under construction and advance payments: +€249,312
- Debts after one year +€1.3m
up €1.3m (+232%), from €569,617 to €1.9m
- Other debts +€124,230
up €124,230 (+46.0%), from €270,035 to €394,265
- Trade debts -€54,794
down €54,794 (-99.6%), from €55,002 to €208
- Financial charges -€17,779
down €17,779 (-40.8%), from €43,573 to €25,794
- Taxes +€3,087
up €3,087 (+91.5%), from €3,374 to €6,461
- Gross operating margin +€2,028
up €2,028 (+1.9%), from €105,877 to €107,906
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 | €1,486,135 | €2,844,116 | +€1.4m | +91.4% |
| Fixed assets | 21/28 | €1,447,484 | €1,619,402 | +€171,919 | +11.9% |
| Tangible fixed assets | 22/27 | €1,447,484 | €1,619,402 | +€171,919 | +11.9% |
| Land and buildings | 22 | €1,058,860 | €981,467 | -€77,393 | -7.3% |
| Assets under construction and advance payments | 27 | €388,624 | €637,936 | +€249,312 | +64.2% |
| Current assets | 29/58 | €38,651 | €1,224,713 | +€1.2m | +3,069% |
| Amounts receivable after more than one year | 29 | - | €1,200,000 | +€1.2m | |
| Other amounts receivable | 291 | - | €1,200,000 | +€1.2m | |
| Amounts receivable within one year | 40/41 | €7,737 | €2,856 | -€4,882 | -63.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,737 | €2,856 | -€4,882 | -63.1% |
| Cash at bank and in hand | 54/58 | €27,633 | €9,325 | -€18,308 | -66.3% |
| Deferred charges and accrued income | 490/1 | €3,281 | €12,533 | +€9,252 | +282% |
| Total equity and liabilities | 10/49 | €1,486,135 | €2,844,116 | +€1.4m | +91.4% |
| Equity | 10/15 | €486,889 | €478,255 | -€8,633 | -1.8% |
| Contributions | 10/11 | €309,000 | €309,000 | = | 0.0% |
| Reserves | 13 | €177,889 | €169,255 | -€8,633 | -4.9% |
| Distributable reserves | 133 | €177,889 | €169,255 | -€8,633 | -4.9% |
| Amounts payable | 17/49 | €999,247 | €2,365,861 | +€1.4m | +137% |
| Amounts payable after more than one year | 17 | €569,617 | €1,893,427 | +€1.3m | +232% |
| Financial debts | 170/4 | €569,617 | €1,893,427 | +€1.3m | +232% |
| Amounts payable within one year | 42/48 | €409,399 | €468,230 | +€58,831 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €72,636 | €73,757 | +€1,121 | +1.5% |
| Trade debts | 44 | €55,002 | €208 | -€54,794 | -99.6% |
| Suppliers | 440/4 | €55,002 | €208 | -€54,794 | -99.6% |
| Taxes, remuneration and social security | 45 | €11,726 | €0 | -€11,726 | -100% |
| Taxes | 450/3 | €11,726 | €0 | -€11,726 | -100% |
| Other amounts payable | 47/48 | €270,035 | €394,265 | +€124,230 | +46.0% |
| Accrued charges and deferred income | 492/3 | €20,230 | €4,204 | -€16,027 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,595 | €77,393 | +€799 | +1.0% |
| Other operating charges | 640/8 | €6,799 | €6,891 | +€92 | +1.3% |
| Gross operating margin | 9900 | €105,877 | €107,906 | +€2,028 | +1.9% |
| Operating profit (loss) | 9901 | €22,483 | €23,622 | +€1,138 | +5.1% |
| Financial income | 75/76B | €269 | €0 | -€269 | -100% |
| Recurring financial income | 75 | €269 | €0 | -€269 | -100% |
| Financial charges | 65/66B | €43,573 | €25,794 | -€17,779 | -40.8% |
| Recurring financial charges | 65 | €43,573 | €25,794 | -€17,779 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,820 | -€2,172 | +€18,648 | +89.6% |
| Income taxes | 67/77 | €3,374 | €6,461 | +€3,087 | +91.5% |
| Profit (loss) for the period | 9904 | -€24,194 | -€8,633 | +€15,561 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,194 | -€8,633 | +€15,561 | +64.3% |
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 29 October 2026 via checked.be.