IMMO CUYLE: what changed
Two fiscal 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 CUYLE
Largest movements
- Tangible fixed assets +€893,734
up €893,734 (+81.8%), from €1.1m to €2.0m
of which Land and buildings: +€978,495
- Cash -€229,471
down €229,471 (-54.7%), from €419,385 to €189,914
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€167,666)
- Current investments -€101,702
down €101,702 (-48.7%), from €208,852 to €107,149
- Receivables within one year -€27,246
down €27,246 (-75.6%), from €36,048 to €8,801
of which Other amounts receivable: -€23,180
- Other debts +€545,832
up €545,832 (+1098.5%), from €49,690 to €595,522
- Reserves -€167,666
down €167,666 (-22.2%), from €755,150 to €587,484
- Debts after one year +€91,760
up €91,760 (+12.8%), from €714,430 to €806,189
- Trade debts +€66,902
up €66,902 (+3762.0%), from €1,778 to €68,681
- Depreciation +€130,403
up €130,403 (+278.6%), from €46,801 to €177,204
- Gross operating margin -€118,391
down €118,391 (-75.0%), from €157,867 to €39,476
- Financial income +€37,979
up €37,979 (+340.4%), from €11,157 to €49,136
- Taxes -€11,106
down €11,106 (-97.2%), from €11,425 to €320
- Financial charges -€2,275
down €2,275 (-3.5%), from €64,419 to €62,144
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 | €1,758,450 | €2,296,063 | +€537,613 | +30.6% |
| Fixed assets | 21/28 | €1,092,689 | €1,986,423 | +€893,734 | +81.8% |
| Tangible fixed assets | 22/27 | €1,092,689 | €1,986,423 | +€893,734 | +81.8% |
| Land and buildings | 22 | €960,228 | €1,938,723 | +€978,495 | +101.9% |
| Plant, machinery and equipment | 23 | €2,222 | €1,559 | -€663 | -29.8% |
| Furniture and vehicles | 24 | €57,886 | €40,676 | -€17,210 | -29.7% |
| Other tangible fixed assets | 26 | €6,103 | €5,466 | -€638 | -10.4% |
| Assets under construction and advance payments | 27 | €66,250 | €0 | -€66,250 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €665,761 | €309,639 | -€356,122 | -53.5% |
| Amounts receivable within one year | 40/41 | €36,048 | €8,801 | -€27,246 | -75.6% |
| Trade receivables | 40 | €10,638 | €6,572 | -€4,066 | -38.2% |
| Other amounts receivable | 41 | €25,410 | €2,230 | -€23,180 | -91.2% |
| Current investments | 50/53 | €208,852 | €107,149 | -€101,702 | -48.7% |
| Cash at bank and in hand | 54/58 | €419,385 | €189,914 | -€229,471 | -54.7% |
| Deferred charges and accrued income | 490/1 | €1,477 | €3,775 | +€2,298 | +155.6% |
| Total equity and liabilities | 10/49 | €1,758,450 | €2,296,063 | +€537,613 | +30.6% |
| Equity | 10/15 | €928,675 | €761,009 | -€167,666 | -18.1% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €755,150 | €587,484 | -€167,666 | -22.2% |
| Distributable reserves | 133 | €755,150 | €587,484 | -€167,666 | -22.2% |
| Amounts payable | 17/49 | €829,775 | €1,535,053 | +€705,278 | +85.0% |
| Amounts payable after more than one year | 17 | €714,430 | €806,189 | +€91,760 | +12.8% |
| Other amounts payable | 178/9 | €714,430 | €806,189 | +€91,760 | +12.8% |
| Amounts payable within one year | 42/48 | €55,246 | €673,070 | +€617,823 | +1118.3% |
| Trade debts | 44 | €1,778 | €68,681 | +€66,902 | +3762.0% |
| Suppliers | 440/4 | €1,778 | €68,681 | +€66,902 | +3762.0% |
| Taxes, remuneration and social security | 45 | €3,778 | €8,867 | +€5,090 | +134.7% |
| Taxes | 450/3 | €3,778 | €8,867 | +€5,090 | +134.7% |
| Other amounts payable | 47/48 | €49,690 | €595,522 | +€545,832 | +1098.5% |
| Accrued charges and deferred income | 492/3 | €60,099 | €55,794 | -€4,305 | -7.2% |
| Non-recurring operating income | 76A | €143,856 | - | -€143,856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,801 | €177,204 | +€130,403 | +278.6% |
| Other operating charges | 640/8 | €14,778 | €16,610 | +€1,832 | +12.4% |
| Gross operating margin | 9900 | €157,867 | €39,476 | -€118,391 | -75.0% |
| Operating profit (loss) | 9901 | €96,288 | -€154,337 | -€250,626 | |
| Financial income | 75/76B | €11,157 | €49,136 | +€37,979 | +340.4% |
| Recurring financial income | 75 | €11,157 | €49,136 | +€37,979 | +340.4% |
| Financial charges | 65/66B | €64,419 | €62,144 | -€2,275 | -3.5% |
| Recurring financial charges | 65 | €64,419 | €62,144 | -€2,275 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €43,026 | -€167,346 | -€210,372 | |
| Income taxes | 67/77 | €11,425 | €320 | -€11,106 | -97.2% |
| Profit (loss) for the period | 9904 | €31,600 | -€167,666 | -€199,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,600 | -€167,666 | -€199,266 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.