IMMO R & 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 & C
Largest movements
- Cash -€51,702
down €51,702 (-63.9%), from €80,940 to €29,238
mainly Other debts (-€87,781) and Receivables within one year (-€7,865)
- Tangible fixed assets -€18,504
down €18,504 (-2.1%), from €893,665 to €875,161
- Other debts -€87,781
down €87,781 (-37.0%), from €237,544 to €149,763
- Profit (loss) carried forward +€35,987
new in 2025: €35,987
- Reserves -€11,486
down €11,486 (-2.3%), from €492,440 to €480,954
of which Tax-exempt reserves: -€11,486
- Gross operating margin +€12,646
up €12,646 (+25.9%), from €48,829 to €61,475
- Financial charges -€6,931
down €6,931 (-37.3%), from €18,568 to €11,637
- Taxes -€2,186
down €2,186 (-24.4%), from €8,974 to €6,788
- Other operating charges -€1,650
down €1,650 (-29.0%), from €5,685 to €4,035
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 | €974,605 | €912,264 | -€62,341 | -6.4% |
| Fixed assets | 21/28 | €893,665 | €875,161 | -€18,504 | -2.1% |
| Tangible fixed assets | 22/27 | €893,665 | €875,161 | -€18,504 | -2.1% |
| Land and buildings | 22 | €893,665 | €875,161 | -€18,504 | -2.1% |
| Current assets | 29/58 | €80,940 | €37,103 | -€43,837 | -54.2% |
| Amounts receivable within one year | 40/41 | - | €7,865 | +€7,865 | |
| Trade receivables | 40 | - | €7,865 | +€7,865 | |
| Cash at bank and in hand | 54/58 | €80,940 | €29,238 | -€51,702 | -63.9% |
| Total equity and liabilities | 10/49 | €974,605 | €912,264 | -€62,341 | -6.4% |
| Equity | 10/15 | €616,440 | €640,941 | +€24,501 | +4.0% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €492,440 | €480,954 | -€11,486 | -2.3% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €336,917 | €325,431 | -€11,486 | -3.4% |
| Distributable reserves | 133 | €143,123 | €143,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €35,987 | +€35,987 | |
| Provisions and deferred taxes | 16 | €112,306 | €108,477 | -€3,829 | -3.4% |
| Deferred taxes | 168 | €112,306 | €108,477 | -€3,829 | -3.4% |
| Amounts payable | 17/49 | €245,859 | €162,846 | -€83,013 | -33.8% |
| Amounts payable after more than one year | 17 | €1,500 | €3,252 | +€1,752 | +117% |
| Other amounts payable | 178/9 | €1,500 | €3,252 | +€1,752 | +117% |
| Amounts payable within one year | 42/48 | €244,359 | €159,594 | -€84,765 | -34.7% |
| Taxes, remuneration and social security | 45 | €6,815 | €9,831 | +€3,016 | +44.3% |
| Taxes | 450/3 | €6,815 | €9,831 | +€3,016 | +44.3% |
| Other amounts payable | 47/48 | €237,544 | €149,763 | -€87,781 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,504 | €18,504 | = | 0.0% |
| Other operating charges | 640/8 | €5,685 | €4,035 | -€1,650 | -29.0% |
| Gross operating margin | 9900 | €48,829 | €61,475 | +€12,646 | +25.9% |
| Operating profit (loss) | 9901 | €24,640 | €38,936 | +€14,296 | +58.0% |
| Financial income | 75/76B | €665 | €161 | -€504 | -75.8% |
| Recurring financial income | 75 | €665 | €161 | -€504 | -75.8% |
| Financial charges | 65/66B | €18,568 | €11,637 | -€6,931 | -37.3% |
| Recurring financial charges | 65 | €18,568 | €11,637 | -€6,931 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €6,737 | €27,460 | +€20,723 | +308% |
| Transfer from deferred taxes | 780 | €3,829 | €3,829 | = | 0.0% |
| Income taxes | 67/77 | €8,974 | €6,788 | -€2,186 | -24.4% |
| Profit (loss) for the period | 9904 | €1,592 | €24,501 | +€22,909 | +1,439% |
| Transfer from tax-exempt reserves | 789 | €11,486 | €11,486 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,078 | €35,987 | +€22,909 | +175% |
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 13 October 2026 via checked.be.