IMMO PROJECTS CVO: what changed
What changed
IMMO PROJECTS CVO
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€105,755
2024 · €82,607+€23,148
Equity
€401,772
2024 · €296,017+€105,755
Cash
€3,147
2024 · €260+€2,887
Balance sheet total
€839,131
2024 · €913,820-€74,689
Largest movements
Assets
- Tangible fixed assets -€79,056
down €79,056 (-8.8%), from €893,627 to €814,571
of which Land and buildings: -€75,255
Equity and liabilities
- Debts after one year -€112,151
down €112,151 (-64.2%), from €174,657 to €62,506
- Reserves +€105,755
up €105,755 (+38.1%), from €277,418 to €383,173
- Other debts -€83,556
down €83,556 (-26.4%), from €317,043 to €233,487
Income statement
- Financial income +€21,383
new in 2025: €21,383
- Gross operating margin +€3,713
up €3,713 (+1.7%), from €216,472 to €220,185
- Taxes +€3,675
up €3,675 (+11.5%), from €31,883 to €35,558
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.
Result 2024
€82,607
Gross operating margin
+€3,713
Depreciation
+€0
Other operating charges
-€453
Financial income
+€21,383
Financial charges
+€2,180
Taxes
-€3,675
Result 2025
€105,755
raises the resultlowers the result
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.
From operations
+€113,005
Investment
€0
Financing
-€110,118
Cash 2024
€260
From operations (derived)
+€113,005
Net result for the year
+€105,755
Depreciation
+€79,056
Receivables within one year
-€85
Deferred charges and accrued income
-€1,395
Trade debts
+€1,815
Tax, wage and social debts
+€5,558
Other debts
-€83,556
Accrued charges and deferred income
+€5,858
Financing
-€110,118
Debts after one year
-€112,151
Current portion of long-term debt
+€2,033
Cash 2025
€3,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,820 | €839,131 | -€74,689 | -8.2% |
| Fixed assets | 21/28 | €913,115 | €834,059 | -€79,056 | -8.7% |
| Tangible fixed assets | 22/27 | €893,627 | €814,571 | -€79,056 | -8.8% |
| Land and buildings | 22 | €889,100 | €813,846 | -€75,255 | -8.5% |
| Furniture and vehicles | 24 | €4,527 | €726 | -€3,802 | -84.0% |
| Financial fixed assets | 28 | €19,488 | €19,488 | = | 0.0% |
| Current assets | 29/58 | €705 | €5,072 | +€4,367 | +620% |
| Amounts receivable within one year | 40/41 | €0 | €85 | +€85 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €260 | €3,147 | +€2,887 | +1,111% |
| Deferred charges and accrued income | 490/1 | €445 | €1,840 | +€1,395 | +314% |
| Total equity and liabilities | 10/49 | €913,820 | €839,131 | -€74,689 | -8.2% |
| Equity | 10/15 | €296,017 | €401,772 | +€105,755 | +35.7% |
| Contributions | 10/11 | €18,599 | €18,599 | = | 0.0% |
| Reserves | 13 | €277,418 | €383,173 | +€105,755 | +38.1% |
| Distributable reserves | 133 | €277,418 | €383,173 | +€105,755 | +38.1% |
| Amounts payable | 17/49 | €617,803 | €437,359 | -€180,444 | -29.2% |
| Amounts payable after more than one year | 17 | €174,657 | €62,506 | -€112,151 | -64.2% |
| Financial debts | 170/4 | €174,657 | €62,506 | -€112,151 | -64.2% |
| Amounts payable within one year | 42/48 | €443,146 | €368,995 | -€74,151 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €110,115 | €112,148 | +€2,033 | +1.8% |
| Trade debts | 44 | €54 | €1,869 | +€1,815 | +3,358% |
| Suppliers | 440/4 | €54 | €1,869 | +€1,815 | +3,358% |
| Taxes, remuneration and social security | 45 | €15,933 | €21,491 | +€5,558 | +34.9% |
| Taxes | 450/3 | €15,933 | €21,491 | +€5,558 | +34.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €317,043 | €233,487 | -€83,556 | -26.4% |
| Accrued charges and deferred income | 492/3 | €0 | €5,858 | +€5,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,056 | €79,056 | -€0 | 0.0% |
| Other operating charges | 640/8 | €14,461 | €14,914 | +€453 | +3.1% |
| Gross operating margin | 9900 | €216,472 | €220,185 | +€3,713 | +1.7% |
| Operating profit (loss) | 9901 | €122,955 | €126,215 | +€3,260 | +2.7% |
| Financial income | 75/76B | - | €21,383 | +€21,383 | |
| Recurring financial income | 75 | - | €21,383 | +€21,383 | |
| Financial charges | 65/66B | €8,464 | €6,285 | -€2,180 | -25.8% |
| Recurring financial charges | 65 | €8,464 | €6,285 | -€2,180 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €114,491 | €141,313 | +€26,822 | +23.4% |
| Income taxes | 67/77 | €31,883 | €35,558 | +€3,675 | +11.5% |
| Profit (loss) for the period | 9904 | €82,607 | €105,755 | +€23,148 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,607 | €105,755 | +€23,148 | +28.0% |
Next steps
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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.