IMMO R.J: 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.J
Largest movements
- Cash -€23,418
down €23,418 (-27.5%), from €85,211 to €61,793
mainly Other debts (-€25,600) and Investment in fixed assets (net) (-€18,015)
- Other debts -€25,600
down €25,600 (-9.5%), from €268,578 to €242,978
- Debts after one year -€8,939
down €8,939 (-5.7%), from €155,937 to €146,998
- Gross operating margin -€3,387
down €3,387 (-8.9%), from €38,260 to €34,873
- Depreciation +€1,490
up €1,490 (+7.2%), from €20,676 to €22,166
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.
Cash bridge derived
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 | €422,317 | €392,473 | -€29,844 | -7.1% |
| Fixed assets | 21/28 | €333,456 | €329,306 | -€4,150 | -1.2% |
| Tangible fixed assets | 22/27 | €333,456 | €329,306 | -€4,150 | -1.2% |
| Land and buildings | 22 | €333,456 | €329,306 | -€4,150 | -1.2% |
| Current assets | 29/58 | €88,861 | €63,167 | -€25,694 | -28.9% |
| Amounts receivable within one year | 40/41 | €3,650 | €0 | -€3,650 | -100.0% |
| Trade receivables | 40 | €3,650 | €0 | -€3,650 | -100.0% |
| Cash at bank and in hand | 54/58 | €85,211 | €61,793 | -€23,418 | -27.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,374 | +€1,374 | |
| Total equity and liabilities | 10/49 | €422,317 | €392,473 | -€29,844 | -7.1% |
| Equity | 10/15 | -€15,676 | -€15,621 | +€56 | +0.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,676 | -€33,621 | +€56 | +0.2% |
| Amounts payable | 17/49 | €437,993 | €408,093 | -€29,900 | -6.8% |
| Amounts payable after more than one year | 17 | €155,937 | €146,998 | -€8,939 | -5.7% |
| Financial debts | 170/4 | €155,937 | €146,998 | -€8,939 | -5.7% |
| Amounts payable within one year | 42/48 | €277,407 | €252,446 | -€24,961 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €8,754 | €8,939 | +€186 | +2.1% |
| Trade debts | 44 | €75 | €468 | +€393 | +525.0% |
| Suppliers | 440/4 | €75 | €468 | +€393 | +525.0% |
| Taxes, remuneration and social security | 45 | - | €60 | +€60 | |
| Taxes | 450/3 | - | €60 | +€60 | |
| Other amounts payable | 47/48 | €268,578 | €242,978 | -€25,600 | -9.5% |
| Accrued charges and deferred income | 492/3 | €4,650 | €8,650 | +€4,000 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,676 | €22,166 | +€1,490 | +7.2% |
| Other operating charges | 640/8 | €8,773 | €9,047 | +€274 | +3.1% |
| Gross operating margin | 9900 | €38,260 | €34,873 | -€3,387 | -8.9% |
| Operating profit (loss) | 9901 | €8,810 | €3,659 | -€5,151 | -58.5% |
| Financial charges | 65/66B | €3,948 | €3,604 | -€344 | -8.7% |
| Recurring financial charges | 65 | €3,948 | €3,604 | -€344 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €4,863 | €56 | -€4,807 | -98.9% |
| Profit (loss) for the period | 9904 | €4,863 | €56 | -€4,807 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,863 | €56 | -€4,807 | -98.9% |
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 12 October 2026 via checked.be.