IMMO DE RAET: 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.
IMMO DE RAET
Largest movements
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Cash +€44,703
up €44,703 (+269%), from €16,590 to €61,294
mainly Current investments (+€120,000) and Net result for the year (+€45,501)
- Tangible fixed assets -€27,805
down €27,805 (-4.8%), from €577,964 to €550,158
of which Land and buildings: -€26,300
- Reserves -€63,443
down €63,443 (-22.3%), from €284,199 to €220,756
- Contributions -€51,975
down €51,975 (-15.0%), from €346,500 to €294,525
- Gross operating margin +€3,635
up €3,635 (+3.8%), from €95,129 to €98,764
- Financial income +€3,037
new in 2025: €3,037
- Taxes +€1,965
up €1,965 (+10.3%), from €19,031 to €20,996
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 | €714,554 | €611,452 | -€103,102 | -14.4% |
| Fixed assets | 21/28 | €577,964 | €550,158 | -€27,805 | -4.8% |
| Tangible fixed assets | 22/27 | €577,964 | €550,158 | -€27,805 | -4.8% |
| Land and buildings | 22 | €576,458 | €550,158 | -€26,300 | -4.6% |
| Plant, machinery and equipment | 23 | €1,505 | - | -€1,505 | |
| Current assets | 29/58 | €136,590 | €61,294 | -€75,297 | -55.1% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €16,590 | €61,294 | +€44,703 | +269% |
| Total equity and liabilities | 10/49 | €714,554 | €611,452 | -€103,102 | -14.4% |
| Equity | 10/15 | €633,289 | €523,733 | -€109,556 | -17.3% |
| Contributions | 10/11 | €346,500 | €294,525 | -€51,975 | -15.0% |
| Reserves | 13 | €284,199 | €220,756 | -€63,443 | -22.3% |
| Distributable reserves | 133 | €284,199 | €220,756 | -€63,443 | -22.3% |
| Profit (loss) carried forward | 14 | €2,590 | €8,452 | +€5,861 | +226% |
| Amounts payable | 17/49 | €81,265 | €87,719 | +€6,454 | +7.9% |
| Amounts payable within one year | 42/48 | €81,265 | €87,719 | +€6,454 | +7.9% |
| Trade debts | 44 | €2,834 | €3,025 | +€191 | +6.7% |
| Suppliers | 440/4 | €2,834 | €3,025 | +€191 | +6.7% |
| Taxes, remuneration and social security | 45 | €1,531 | €750 | -€781 | -51.0% |
| Taxes | 450/3 | €1,531 | €750 | -€781 | -51.0% |
| Other amounts payable | 47/48 | €76,900 | €83,944 | +€7,044 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,805 | €27,805 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,881 | €7,394 | -€488 | -6.2% |
| Gross operating margin | 9900 | €95,129 | €98,764 | +€3,635 | +3.8% |
| Operating profit (loss) | 9901 | €59,442 | €63,565 | +€4,123 | +6.9% |
| Financial income | 75/76B | - | €3,037 | +€3,037 | |
| Recurring financial income | 75 | - | €3,037 | +€3,037 | |
| Financial charges | 65/66B | €104 | €105 | +€2 | +1.4% |
| Recurring financial charges | 65 | €104 | €105 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €59,339 | €66,497 | +€7,158 | +12.1% |
| Income taxes | 67/77 | €19,031 | €20,996 | +€1,965 | +10.3% |
| Profit (loss) for the period | 9904 | €40,308 | €45,501 | +€5,193 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,308 | €45,501 | +€5,193 | +12.9% |
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.