IMMO R.D.K.: what changed
What changed
IMMO R.D.K.
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €1.6m+€1.8m
Equity
€6.5m
2024 · €6.5m+€1,938
Cash
€281,401
2024 · €3.7m-€3.5m
Balance sheet total
€34.7m
2024 · €29.4m+€5.2m
Largest movements
Assets
- Stocks and contracts +€8.0m
up €8.0m (+31.5%), from €25.4m to €33.4m
- Cash -€3.5m
down €3.5m (-92.5%), from €3.7m to €281,401
mainly Stocks and contracts (-€8.0m) and Contributions, distributions and other (-€3.4m)
- Tangible fixed assets +€674,129
up €674,129 (+260%), from €259,334 to €933,463
Equity and liabilities
- Other debts +€4.2m
up €4.2m (+22.7%), from €18.5m to €22.7m
- Short-term financial debts +€1.0m
up €1.0m (+25.0%), from €4.0m to €5.0m
Income statement
- Gross operating margin +€2.2m
up €2.2m (+87.6%), from €2.5m to €4.7m
- Taxes +€584,744
up €584,744 (+109%), from €536,446 to €1.1m
- Financial charges -€166,410
down €166,410 (-38.9%), from €427,303 to €260,893
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.6m
Gross operating margin
+€2.2m
Depreciation
-€951
Other operating charges
-€218
Financial income
-€28,807
Financial charges
+€166,410
Taxes
-€584,744
Result 2025
€3.4m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€412,329
Investment
-€681,721
Financing
-€2.4m
Cash 2024
€3.7m
From operations (derived)
-€412,329
Net result for the year
+€3.4m
Depreciation
+€7,592
Stocks and contracts
-€8.0m
Smaller working-capital items
-€3,573
Tax, wage and social debts
+€54,099
Advances received
-€22,531
Other debts
+€4.2m
Investment (derived)
-€681,721
Investment in fixed assets (net)
-€681,721
Financing
-€2.4m
Short-term financial debts
+€1.0m
Contributions, distributions and other
-€3.4m
Cash 2025
€281,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,413,451 | €34,653,461 | +€5.2m | +17.8% |
| Fixed assets | 21/28 | €259,335 | €933,464 | +€674,129 | +260% |
| Tangible fixed assets | 22/27 | €259,334 | €933,463 | +€674,129 | +260% |
| Other tangible fixed assets | 26 | €259,334 | €933,463 | +€674,129 | +260% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €29,154,116 | €33,719,997 | +€4.6m | +15.7% |
| Stocks and contracts in progress | 3 | €25,411,695 | €33,425,705 | +€8.0m | +31.5% |
| Stocks | 30/36 | €25,411,695 | €33,425,705 | +€8.0m | +31.5% |
| Amounts receivable within one year | 40/41 | €125 | €4,266 | +€4,141 | +3,313% |
| Trade receivables | 40 | €125 | €4,266 | +€4,141 | +3,313% |
| Cash at bank and in hand | 54/58 | €3,737,082 | €281,401 | -€3.5m | -92.5% |
| Deferred charges and accrued income | 490/1 | €5,214 | €8,624 | +€3,411 | +65.4% |
| Total equity and liabilities | 10/49 | €29,413,451 | €34,653,461 | +€5.2m | +17.8% |
| Equity | 10/15 | €6,507,181 | €6,509,119 | +€1,938 | 0.0% |
| Contributions | 10/11 | €1,146,508 | €1,146,508 | = | 0.0% |
| Capital | 10 | €1,146,508 | €1,146,508 | = | 0.0% |
| Issued capital | 100 | €1,146,508 | €1,146,508 | = | 0.0% |
| Reserves | 13 | €5,360,673 | €5,362,611 | +€1,938 | 0.0% |
| Non-distributable reserves | 130/1 | €114,651 | €114,651 | = | 0.0% |
| Legal reserve | 130 | €114,651 | €114,651 | = | 0.0% |
| Distributable reserves | 133 | €5,246,022 | €5,247,961 | +€1,938 | 0.0% |
| Amounts payable | 17/49 | €22,906,271 | €28,144,342 | +€5.2m | +22.9% |
| Amounts payable within one year | 42/48 | €22,879,541 | €28,113,629 | +€5.2m | +22.9% |
| Financial debts | 43 | €4,000,000 | €5,000,000 | +€1.0m | +25.0% |
| Credit institutions | 430/8 | €4,000,000 | €5,000,000 | +€1.0m | +25.0% |
| Trade debts | 44 | €4,475 | €4,471 | -€4 | -0.1% |
| Suppliers | 440/4 | €4,475 | €4,471 | -€4 | -0.1% |
| Advances received on contracts in progress | 46 | €279,331 | €256,800 | -€22,531 | -8.1% |
| Taxes, remuneration and social security | 45 | €105,979 | €160,078 | +€54,099 | +51.0% |
| Taxes | 450/3 | €105,979 | €160,078 | +€54,099 | +51.0% |
| Other amounts payable | 47/48 | €18,489,756 | €22,692,280 | +€4.2m | +22.7% |
| Accrued charges and deferred income | 492/3 | €26,730 | €30,713 | +€3,983 | +14.9% |
| Non-recurring operating income | 76A | - | €3,809 | +€3,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,641 | €7,592 | +€951 | +14.3% |
| Other operating charges | 640/8 | €2,031 | €2,249 | +€218 | +10.7% |
| Gross operating margin | 9900 | €2,515,681 | €4,718,223 | +€2.2m | +87.6% |
| Operating profit (loss) | 9901 | €2,507,009 | €4,708,382 | +€2.2m | +87.8% |
| Financial income | 75/76B | €66,078 | €37,271 | -€28,807 | -43.6% |
| Recurring financial income | 75 | €66,078 | €37,271 | -€28,807 | -43.6% |
| Financial charges | 65/66B | €427,303 | €260,893 | -€166,410 | -38.9% |
| Recurring financial charges | 65 | €427,303 | €260,893 | -€166,410 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €2,145,783 | €4,484,759 | +€2.3m | +109% |
| Income taxes | 67/77 | €536,446 | €1,121,190 | +€584,744 | +109% |
| Profit (loss) for the period | 9904 | €1,609,337 | €3,363,569 | +€1.8m | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €1,609,337 | €3,363,569 | +€1.8m | +109% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.