CEC IMMO: 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.
CEC IMMO
Largest movements
- Receivables within one year +€307,167
up €307,167 (+32.1%), from €956,737 to €1.3m
of which Other amounts receivable: +€307,167
- Cash -€16,762
down €16,762 (-57.6%), from €29,102 to €12,341
mainly Receivables within one year (-€307,167) and Contributions, distributions and other (-€140,000)
- Reserves +€168,591
up €168,591 (+22.4%), from €752,396 to €920,987
- Other debts +€138,282
up €138,282 (+8,049%), from €1,718 to €140,000
- Tax, wage and social debts -€18,710
down €18,710 (-17.1%), from €109,665 to €90,955
- Gross operating margin +€85,173
up €85,173 (+28.5%), from €298,432 to €383,606
- Taxes +€13,467
up €13,467 (+14.8%), from €91,116 to €104,583
- Other operating charges +€10,465
up €10,465 (+187%), from €5,601 to €16,065
- Financial income +€9,781
up €9,781 (+20.9%), from €46,693 to €56,475
- Financial charges +€7,675
up €7,675 (+242%), from €3,166 to €10,842
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 | €995,883 | €1,286,732 | +€290,849 | +29.2% |
| Current assets | 29/58 | €995,883 | €1,286,732 | +€290,849 | +29.2% |
| Amounts receivable within one year | 40/41 | €956,737 | €1,263,904 | +€307,167 | +32.1% |
| Trade receivables | 40 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 41 | €906,737 | €1,213,904 | +€307,167 | +33.9% |
| Cash at bank and in hand | 54/58 | €29,102 | €12,341 | -€16,762 | -57.6% |
| Deferred charges and accrued income | 490/1 | €10,044 | €10,488 | +€443 | +4.4% |
| Total equity and liabilities | 10/49 | €995,883 | €1,286,732 | +€290,849 | +29.2% |
| Equity | 10/15 | €755,396 | €923,987 | +€168,591 | +22.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €752,396 | €920,987 | +€168,591 | +22.4% |
| Distributable reserves | 133 | €752,396 | €920,987 | +€168,591 | +22.4% |
| Amounts payable | 17/49 | €240,487 | €362,746 | +€122,258 | +50.8% |
| Amounts payable within one year | 42/48 | €240,487 | €362,746 | +€122,258 | +50.8% |
| Trade debts | 44 | €129,104 | €131,790 | +€2,686 | +2.1% |
| Suppliers | 440/4 | €129,104 | €131,790 | +€2,686 | +2.1% |
| Taxes, remuneration and social security | 45 | €109,665 | €90,955 | -€18,710 | -17.1% |
| Taxes | 450/3 | €109,665 | €90,955 | -€18,710 | -17.1% |
| Other amounts payable | 47/48 | €1,718 | €140,000 | +€138,282 | +8,049% |
| Other operating charges | 640/8 | €5,601 | €16,065 | +€10,465 | +187% |
| Gross operating margin | 9900 | €298,432 | €383,606 | +€85,173 | +28.5% |
| Operating profit (loss) | 9901 | €292,832 | €367,540 | +€74,709 | +25.5% |
| Financial income | 75/76B | €46,693 | €56,475 | +€9,781 | +20.9% |
| Recurring financial income | 75 | €46,693 | €56,475 | +€9,781 | +20.9% |
| Financial charges | 65/66B | €3,166 | €10,842 | +€7,675 | +242% |
| Recurring financial charges | 65 | €3,166 | €10,842 | +€7,675 | +242% |
| Profit (loss) for the period before taxes | 9903 | €336,359 | €413,173 | +€76,815 | +22.8% |
| Income taxes | 67/77 | €91,116 | €104,583 | +€13,467 | +14.8% |
| Profit (loss) for the period | 9904 | €245,243 | €308,591 | +€63,348 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €245,243 | €308,591 | +€63,348 | +25.8% |
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 24 October 2026 via checked.be.