IMMO R.A.C.: 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 R.A.C.
Largest movements
- Cash +€21,881
up €21,881 (+28.5%), from €76,764 to €98,646
mainly Net result for the year (+€17,730) and Depreciation (+€4,127)
- Tangible fixed assets -€4,127
down €4,127 (-10.7%), from €38,650 to €34,523
- Profit (loss) carried forward +€17,730
up €17,730 (+11.9%), from €149,491 to €167,222
No income-statement line moved by more than 1% of the activity.
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 | €321,306 | €339,060 | +€17,755 | +5.5% |
| Fixed assets | 21/28 | €38,650 | €34,523 | -€4,127 | -10.7% |
| Tangible fixed assets | 22/27 | €38,650 | €34,523 | -€4,127 | -10.7% |
| Land and buildings | 22 | €38,650 | €34,523 | -€4,127 | -10.7% |
| Current assets | 29/58 | €282,656 | €304,537 | +€21,881 | +7.7% |
| Amounts receivable within one year | 40/41 | €205,892 | €205,892 | = | 0.0% |
| Other amounts receivable | 41 | €205,892 | €205,892 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,764 | €98,646 | +€21,881 | +28.5% |
| Total equity and liabilities | 10/49 | €321,306 | €339,060 | +€17,755 | +5.5% |
| Equity | 10/15 | €301,091 | €318,822 | +€17,730 | +5.9% |
| Contributions | 10/11 | €67,845 | €67,845 | = | 0.0% |
| Reserves | 13 | €83,755 | €83,755 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,755 | €83,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,491 | €167,222 | +€17,730 | +11.9% |
| Amounts payable | 17/49 | €20,214 | €20,239 | +€25 | +0.1% |
| Amounts payable within one year | 42/48 | €20,214 | €20,239 | +€25 | +0.1% |
| Trade debts | 44 | €843 | €926 | +€82 | +9.8% |
| Suppliers | 440/4 | €843 | €926 | +€82 | +9.8% |
| Taxes, remuneration and social security | 45 | €968 | €910 | -€58 | -6.0% |
| Taxes | 450/3 | €968 | €910 | -€58 | -6.0% |
| Other amounts payable | 47/48 | €18,403 | €18,403 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,127 | €4,127 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,218 | €7,452 | +€235 | +3.3% |
| Gross operating margin | 9900 | €35,244 | €35,249 | +€5 | 0.0% |
| Operating profit (loss) | 9901 | €23,900 | €23,670 | -€230 | -1.0% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €23,872 | €23,640 | -€231 | -1.0% |
| Income taxes | 67/77 | €5,937 | €5,910 | -€27 | -0.4% |
| Profit (loss) for the period | 9904 | €17,935 | €17,730 | -€205 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,935 | €17,730 | -€205 | -1.1% |
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 18 October 2026 via checked.be.