IMMO CROISSANCE: what changed
IMMO CROISSANCE
Largest movements
- Receivables within one year -€31,550
down €31,550 (-18.8%), from €167,604 to €136,054
- Tangible fixed assets -€19,558
down €19,558 (-6.8%), from €287,804 to €268,246
of which Land and buildings: -€18,690
- Cash -€8,245
down €8,245 (-23.8%), from €34,589 to €26,344
mainly Contributions, distributions and other (-€78,910) and Net result for the year (-€14,630)
- Reserves -€78,910
down €78,910 (-55.1%), from €143,176 to €64,266
- Other debts +€39,910
up €39,910 (+102%), from €39,111 to €79,021
- Profit (loss) carried forward -€14,630
down €14,630 (-5.9%), from €247,891 to €233,261
- Debts after one year -€6,837
down €6,837 (-40.4%), from €16,929 to €10,092
- Gross operating margin -€42,911
down €42,911 (-69.6%), from €61,639 to €18,727
- Taxes -€7,950
down €7,950 (-97.6%), from €8,145 to €195
- Financial charges +€2,888
up €2,888 (+135%), from €2,133 to €5,020
- Financial income +€792
new in 2025: €792
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,695 | €431,359 | -€59,336 | -12.1% |
| Fixed assets | 21/28 | €287,954 | €268,396 | -€19,558 | -6.8% |
| Tangible fixed assets | 22/27 | €287,804 | €268,246 | -€19,558 | -6.8% |
| Land and buildings | 22 | €284,635 | €265,945 | -€18,690 | -6.6% |
| Furniture and vehicles | 24 | €251 | - | -€251 | |
| Other tangible fixed assets | 26 | €2,917 | €2,300 | -€617 | -21.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €202,741 | €162,964 | -€39,777 | -19.6% |
| Amounts receivable within one year | 40/41 | €167,604 | €136,054 | -€31,550 | -18.8% |
| Other amounts receivable | 41 | €167,604 | €136,054 | -€31,550 | -18.8% |
| Cash at bank and in hand | 54/58 | €34,589 | €26,344 | -€8,245 | -23.8% |
| Deferred charges and accrued income | 490/1 | €548 | €565 | +€18 | +3.2% |
| Total equity and liabilities | 10/49 | €490,695 | €431,359 | -€59,336 | -12.1% |
| Equity | 10/15 | €411,517 | €317,978 | -€93,540 | -22.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €143,176 | €64,266 | -€78,910 | -55.1% |
| Distributable reserves | 133 | €143,176 | €64,266 | -€78,910 | -55.1% |
| Profit (loss) carried forward | 14 | €247,891 | €233,261 | -€14,630 | -5.9% |
| Amounts payable | 17/49 | €79,177 | €113,381 | +€34,204 | +43.2% |
| Amounts payable after more than one year | 17 | €16,929 | €10,092 | -€6,837 | -40.4% |
| Financial debts | 170/4 | €16,929 | €10,092 | -€6,837 | -40.4% |
| Amounts payable within one year | 42/48 | €59,878 | €100,862 | +€40,985 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €5,559 | €6,343 | +€785 | +14.1% |
| Trade debts | 44 | €62 | €57 | -€5 | -8.4% |
| Suppliers | 440/4 | €62 | €57 | -€5 | -8.4% |
| Taxes, remuneration and social security | 45 | €15,145 | €15,441 | +€295 | +1.9% |
| Taxes | 450/3 | €12,645 | €12,941 | +€295 | +2.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €39,111 | €79,021 | +€39,910 | +102% |
| Accrued charges and deferred income | 492/3 | €2,371 | €2,427 | +€56 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,298 | €19,558 | +€260 | +1.3% |
| Other operating charges | 640/8 | €8,958 | €9,375 | +€417 | +4.7% |
| Gross operating margin | 9900 | €61,639 | €18,727 | -€42,911 | -69.6% |
| Operating profit (loss) | 9901 | €33,383 | -€10,206 | -€43,589 | |
| Financial income | 75/76B | - | €792 | +€792 | |
| Recurring financial income | 75 | - | €792 | +€792 | |
| Financial charges | 65/66B | €2,133 | €5,020 | +€2,888 | +135% |
| Recurring financial charges | 65 | €2,133 | €5,020 | +€2,888 | +135% |
| Profit (loss) for the period before taxes | 9903 | €31,251 | -€14,434 | -€45,685 | |
| Income taxes | 67/77 | €8,145 | €195 | -€7,950 | -97.6% |
| Profit (loss) for the period | 9904 | €23,105 | -€14,630 | -€37,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,105 | -€14,630 | -€37,735 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.