IMMO CRJ: 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 CRJ
Largest movements
- Tangible fixed assets +€544,631
up €544,631 (+22.3%), from €2.4m to €3.0m
of which Plant, machinery and equipment: +€585,906
- Receivables within one year -€416,283
down €416,283 (-98.5%), from €422,802 to €6,519
- Other debts +€618,056
up €618,056 (+31.0%), from €2.0m to €2.6m
- Trade debts -€373,913
no longer reported in 2025 (was €373,913)
- Profit (loss) carried forward -€108,076
down €108,076 (-31.4%), from -€344,212 to -€452,288
- Debts after one year -€37,354
down €37,354 (-6.8%), from €552,849 to €515,495
- Depreciation +€29,936
up €29,936 (+23.2%), from €128,959 to €158,895
- Gross operating margin -€10,274
down €10,274 (-10.5%), from €98,218 to €87,944
- Financial charges +€9,823
up €9,823 (+51.0%), from €19,255 to €29,078
- Other operating charges +€2,521
up €2,521 (+45.5%), from €5,540 to €8,061
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 | €2,921,282 | €3,023,135 | +€101,853 | +3.5% |
| Fixed assets | 21/28 | €2,444,405 | €2,989,036 | +€544,631 | +22.3% |
| Tangible fixed assets | 22/27 | €2,444,405 | €2,989,036 | +€544,631 | +22.3% |
| Land and buildings | 22 | €999,990 | €959,665 | -€40,325 | -4.0% |
| Plant, machinery and equipment | 23 | €1,440,615 | €2,026,521 | +€585,906 | +40.7% |
| Furniture and vehicles | 24 | €3,800 | €2,850 | -€950 | -25.0% |
| Current assets | 29/58 | €476,877 | €34,099 | -€442,778 | -92.8% |
| Amounts receivable within one year | 40/41 | €422,802 | €6,519 | -€416,283 | -98.5% |
| Trade receivables | 40 | €422,802 | €6,519 | -€416,283 | -98.5% |
| Cash at bank and in hand | 54/58 | €54,075 | €27,580 | -€26,495 | -49.0% |
| Total equity and liabilities | 10/49 | €2,921,282 | €3,023,135 | +€101,853 | +3.5% |
| Equity | 10/15 | -€112,612 | -€220,688 | -€108,076 | -96.0% |
| Contributions | 10/11 | €231,600 | €231,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€344,212 | -€452,288 | -€108,076 | -31.4% |
| Amounts payable | 17/49 | €3,033,894 | €3,243,823 | +€209,929 | +6.9% |
| Amounts payable after more than one year | 17 | €552,849 | €515,495 | -€37,354 | -6.8% |
| Financial debts | 170/4 | €552,849 | €515,495 | -€37,354 | -6.8% |
| Amounts payable within one year | 42/48 | €2,481,045 | €2,728,328 | +€247,283 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €115,624 | €118,764 | +€3,140 | +2.7% |
| Trade debts | 44 | €373,913 | - | -€373,913 | |
| Suppliers | 440/4 | €373,913 | - | -€373,913 | |
| Other amounts payable | 47/48 | €1,991,508 | €2,609,564 | +€618,056 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,959 | €158,895 | +€29,936 | +23.2% |
| Other operating charges | 640/8 | €5,540 | €8,061 | +€2,521 | +45.5% |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €98,218 | €87,944 | -€10,274 | -10.5% |
| Operating profit (loss) | 9901 | -€36,356 | -€79,012 | -€42,656 | -117% |
| Financial income | 75/76B | €83 | €14 | -€69 | -83.2% |
| Recurring financial income | 75 | €83 | €14 | -€69 | -83.2% |
| Financial charges | 65/66B | €19,255 | €29,078 | +€9,823 | +51.0% |
| Recurring financial charges | 65 | €19,255 | €29,078 | +€9,823 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,528 | -€108,076 | -€52,548 | -94.6% |
| Profit (loss) for the period | 9904 | -€55,528 | -€108,076 | -€52,548 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,528 | -€108,076 | -€52,548 | -94.6% |
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 13 October 2026 via checked.be.