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IMMO CMC: 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.

What changed

IMMO CMC

BE 0449.539.471
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,118
2024 · €45,000-€6,882
Equity
€791,599
2024 · €753,482+€38,118
Cash
€266,454
2024 · €238,158+€28,296
Balance sheet total
€1.4m
2024 · €856,317+€575,330

Largest movements

2024 to 2025
Assets
  • Financial fixed assets +€532,304

    up €532,304 (+189%), from €281,844 to €814,147

  • Cash +€28,296

    up €28,296 (+11.9%), from €238,158 to €266,454

    mainly Other debts (+€536,554) and Net result for the year (+€38,118)

  • Receivables within one year +€22,216

    up €22,216 (+20.9%), from €106,484 to €128,700

    of which Other amounts receivable: +€28,750

Equity and liabilities
  • Other debts +€536,554

    up €536,554 (+695%), from €77,178 to €613,733

  • Reserves +€38,118

    up €38,118 (+5.8%), from €653,977 to €692,095

    of which Distributable reserves: +€38,118

Income statement
  • Gross operating margin -€6,451

    down €6,451 (-5.2%), from €124,092 to €117,642

  • Taxes -€2,912

    down €2,912 (-18.6%), from €15,618 to €12,706

  • Staff costs +€1,971

    up €1,971 (+4.1%), from €47,921 to €49,892

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €45,000
Gross operating margin -€6,451
Staff costs -€1,971
Other operating charges -€61
Financial income -€146
Financial charges -€1,165
Taxes +€2,912
Result 2025 €38,118
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€560,600
Investment -€532,304
Financing €0
Cash 2024 €238,158
Net result for the year +€38,118
Depreciation +€7,493
Receivables within one year -€22,216
Smaller working-capital items +€1,142
Trade debts -€4,051
Tax, wage and social debts +€3,559
Other debts +€536,554
Investment in fixed assets (net) -€532,304
Cash 2025 €266,454
brings cash intakes cash out
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €856,317 €1,431,648 +€575,330 +67.2%
Fixed assets 21/28 €511,519 €1,036,329 +€524,810 +103%
Tangible fixed assets 22/27 €229,675 €222,182 -€7,493 -3.3%
Land and buildings 22 €229,675 €222,182 -€7,493 -3.3%
Financial fixed assets 28 €281,844 €814,147 +€532,304 +189%
Current assets 29/58 €344,798 €395,319 +€50,520 +14.7%
Amounts receivable within one year 40/41 €106,484 €128,700 +€22,216 +20.9%
Trade receivables 40 €6,534 - -€6,534
Other amounts receivable 41 €99,950 €128,700 +€28,750 +28.8%
Cash at bank and in hand 54/58 €238,158 €266,454 +€28,296 +11.9%
Deferred charges and accrued income 490/1 €156 €164 +€8 +5.0%
Total equity and liabilities 10/49 €856,317 €1,431,648 +€575,330 +67.2%
Equity 10/15 €753,482 €791,599 +€38,118 +5.1%
Contributions 10/11 €99,504 €99,504 = 0.0%
Capital 10 €99,504 €99,504 = 0.0%
Issued capital 100 €99,504 €99,504 = 0.0%
Reserves 13 €653,977 €692,095 +€38,118 +5.8%
Non-distributable reserves 130/1 €10,013 €10,013 = 0.0%
Legal reserve 130 €9,950 €9,950 = 0.0%
Reserves not available under the articles 1311 €63 €63 = 0.0%
Distributable reserves 133 €643,964 €682,082 +€38,118 +5.9%
Amounts payable 17/49 €102,836 €640,048 +€537,213 +522%
Amounts payable within one year 42/48 €96,763 €632,826 +€536,062 +554%
Trade debts 44 €4,207 €156 -€4,051 -96.3%
Suppliers 440/4 €4,207 €156 -€4,051 -96.3%
Taxes, remuneration and social security 45 €15,378 €18,937 +€3,559 +23.1%
Taxes 450/3 €5,490 €6,204 +€714 +13.0%
Remuneration and social security 454/9 €9,888 €12,733 +€2,845 +28.8%
Other amounts payable 47/48 €77,178 €613,733 +€536,554 +695%
Accrued charges and deferred income 492/3 €6,073 €7,223 +€1,150 +18.9%
Remuneration, social security and pensions 62 €47,921 €49,892 +€1,971 +4.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,493 €7,493 = 0.0%
Other operating charges 640/8 €1,999 €2,060 +€61 +3.1%
Gross operating margin 9900 €124,092 €117,642 -€6,451 -5.2%
Operating profit (loss) 9901 €66,679 €58,196 -€8,483 -12.7%
Financial income 75/76B €146 - -€146
Recurring financial income 75 €146 - -€146
Financial charges 65/66B €6,208 €7,373 +€1,165 +18.8%
Recurring financial charges 65 €6,208 €7,373 +€1,165 +18.8%
Profit (loss) for the period before taxes 9903 €60,618 €50,824 -€9,794 -16.2%
Income taxes 67/77 €15,618 €12,706 -€2,912 -18.6%
Profit (loss) for the period 9904 €45,000 €38,118 -€6,882 -15.3%
Profit (loss) for the period to be appropriated 9905 €45,000 €38,118 -€6,882 -15.3%

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 22 October 2026 via checked.be.