IMMO R.A.M.: 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.M.
Largest movements
- Tangible fixed assets -€3,285
down €3,285 (-4.7%), from €70,302 to €67,017
- Cash +€2,262
up €2,262 (+2,119%), from €107 to €2,368
mainly Depreciation (+€3,285) and Net result for the year (+€3,198)
- Profit (loss) carried forward +€3,650
up €3,650 (+20.5%), from -€17,804 to -€14,154
- Current portion of long-term debt -€2,239
no longer reported in 2025 (was €2,239)
- Other debts -€1,750
down €1,750 (-17.8%), from €9,844 to €8,094
- Gross operating margin +€365
up €365 (+5.0%), from €7,331 to €7,695
- Financial charges -€205
down €205 (-51.2%), from €400 to €195
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 | €70,409 | €69,385 | -€1,024 | -1.5% |
| Fixed assets | 21/28 | €70,302 | €67,017 | -€3,285 | -4.7% |
| Tangible fixed assets | 22/27 | €70,302 | €67,017 | -€3,285 | -4.7% |
| Plant, machinery and equipment | 23 | €70,302 | €67,017 | -€3,285 | -4.7% |
| Current assets | 29/58 | €107 | €2,368 | +€2,262 | +2,119% |
| Cash at bank and in hand | 54/58 | €107 | €2,368 | +€2,262 | +2,119% |
| Total equity and liabilities | 10/49 | €70,409 | €69,385 | -€1,024 | -1.5% |
| Equity | 10/15 | €55,223 | €58,421 | +€3,198 | +5.8% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | €67,000 | = | 0.0% |
| Issued capital | 100 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €6,027 | €5,575 | -€452 | -7.5% |
| Tax-exempt reserves | 132 | €6,027 | €5,575 | -€452 | -7.5% |
| Profit (loss) carried forward | 14 | -€17,804 | -€14,154 | +€3,650 | +20.5% |
| Provisions and deferred taxes | 16 | €3,103 | €2,871 | -€233 | -7.5% |
| Deferred taxes | 168 | €3,103 | €2,871 | -€233 | -7.5% |
| Amounts payable | 17/49 | €12,082 | €8,094 | -€3,989 | -33.0% |
| Amounts payable within one year | 42/48 | €12,082 | €8,094 | -€3,989 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €2,239 | - | -€2,239 | |
| Other amounts payable | 47/48 | €9,844 | €8,094 | -€1,750 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,285 | €3,285 | = | 0.0% |
| Other operating charges | 640/8 | €1,213 | €1,250 | +€37 | +3.0% |
| Gross operating margin | 9900 | €7,331 | €7,695 | +€365 | +5.0% |
| Operating profit (loss) | 9901 | €2,832 | €3,160 | +€328 | +11.6% |
| Financial charges | 65/66B | €400 | €195 | -€205 | -51.2% |
| Recurring financial charges | 65 | €400 | €195 | -€205 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €2,432 | €2,965 | +€533 | +21.9% |
| Transfer from deferred taxes | 780 | €233 | €233 | = | 0.0% |
| Profit (loss) for the period | 9904 | €2,665 | €3,198 | +€533 | +20.0% |
| Transfer from tax-exempt reserves | 789 | €452 | €452 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,117 | €3,650 | +€533 | +17.1% |
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 26 October 2026 via checked.be.