IMMO R.D.: 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.D.
Largest movements
- Tangible fixed assets -€85,112
down €85,112 (-3.9%), from €2.2m to €2.1m
- Receivables within one year +€44,300
up €44,300 (+188%), from €23,569 to €67,869
- Debts after one year -€83,132
down €83,132 (-8.2%), from €1.0m to €925,005
- Other debts +€53,020
up €53,020 (+6.0%), from €882,038 to €935,058
- Other operating charges -€69,278
down €69,278 (-49.5%), from €140,083 to €70,805
- Gross operating margin +€17,300
up €17,300 (+9.5%), from €181,705 to €199,005
- Financial charges +€11,051
up €11,051 (+26.0%), from €42,578 to €53,629
- Depreciation +€4,329
up €4,329 (+5.4%), from €80,783 to €85,112
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 | €2,253,590 | €2,217,300 | -€36,290 | -1.6% |
| Fixed assets | 21/28 | €2,190,228 | €2,105,116 | -€85,112 | -3.9% |
| Tangible fixed assets | 22/27 | €2,177,828 | €2,092,716 | -€85,112 | -3.9% |
| Land and buildings | 22 | €2,177,828 | €2,092,716 | -€85,112 | -3.9% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €63,362 | €112,184 | +€48,822 | +77.1% |
| Amounts receivable within one year | 40/41 | €23,569 | €67,869 | +€44,300 | +188% |
| Other amounts receivable | 41 | €23,569 | €67,869 | +€44,300 | +188% |
| Cash at bank and in hand | 54/58 | €26,708 | €44,315 | +€17,607 | +65.9% |
| Deferred charges and accrued income | 490/1 | €13,085 | - | -€13,085 | |
| Total equity and liabilities | 10/49 | €2,253,590 | €2,217,300 | -€36,290 | -1.6% |
| Equity | 10/15 | €250,134 | €240,394 | -€9,740 | -3.9% |
| Contributions | 10/11 | €111,600 | €111,600 | = | 0.0% |
| Capital | 10 | €111,600 | €111,600 | = | 0.0% |
| Issued capital | 100 | €111,600 | €111,600 | = | 0.0% |
| Reserves | 13 | €38,839 | €38,839 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €11,160 | €11,160 | = | 0.0% |
| Legal reserve | 130 | €11,160 | €11,160 | = | 0.0% |
| Distributable reserves | 133 | €27,679 | €27,679 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €99,695 | €89,955 | -€9,740 | -9.8% |
| Amounts payable | 17/49 | €2,003,456 | €1,976,906 | -€26,550 | -1.3% |
| Amounts payable after more than one year | 17 | €1,008,137 | €925,005 | -€83,132 | -8.2% |
| Financial debts | 170/4 | €1,008,137 | €925,005 | -€83,132 | -8.2% |
| Amounts payable within one year | 42/48 | €995,319 | €1,051,902 | +€56,583 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €79,824 | €83,132 | +€3,308 | +4.1% |
| Financial debts | 43 | €6,368 | - | -€6,368 | |
| Other loans | 439 | €6,368 | - | -€6,368 | |
| Trade debts | 44 | €13,680 | €33,711 | +€20,031 | +146% |
| Suppliers | 440/4 | €13,680 | €33,711 | +€20,031 | +146% |
| Taxes, remuneration and social security | 45 | €13,409 | - | -€13,409 | |
| Taxes | 450/3 | €13,409 | - | -€13,409 | |
| Other amounts payable | 47/48 | €882,038 | €935,058 | +€53,020 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,783 | €85,112 | +€4,329 | +5.4% |
| Other operating charges | 640/8 | €140,083 | €70,805 | -€69,278 | -49.5% |
| Gross operating margin | 9900 | €181,705 | €199,005 | +€17,300 | +9.5% |
| Operating profit (loss) | 9901 | -€39,161 | €43,089 | +€82,250 | |
| Financial income | 75/76B | - | €800 | +€800 | |
| Recurring financial income | 75 | - | €800 | +€800 | |
| Financial charges | 65/66B | €42,578 | €53,629 | +€11,051 | +26.0% |
| Recurring financial charges | 65 | €42,578 | €53,629 | +€11,051 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€81,739 | -€9,740 | +€71,999 | +88.1% |
| Profit (loss) for the period | 9904 | -€81,739 | -€9,740 | +€71,999 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,739 | -€9,740 | +€71,999 | +88.1% |
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 16 October 2026 via checked.be.