IMMO R & 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 & M
Largest movements
- Cash -€97,136
down €97,136 (-22.2%), from €438,067 to €340,932
mainly Other debts (-€133,795) and Accrued charges and deferred income (-€19,808)
- Receivables within one year -€47,653
down €47,653 (-100%), from €47,653 to €0
- Other debts -€133,795
down €133,795 (-100%), from €133,795 to €0
- Financial charges -€13,877
down €13,877 (-98.9%), from €14,028 to €151
- Gross operating margin +€4,718
up €4,718 (+38.7%), from -€12,204 to -€7,485
- Taxes +€4,658
up €4,658, from -€1,816 to €2,842
- Financial income -€3,754
down €3,754 (-14.7%), from €25,454 to €21,700
- Other operating charges -€1,337
down €1,337 (-39.4%), from €3,394 to €2,057
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 | €2,176,793 | €2,035,963 | -€140,830 | -6.5% |
| Fixed assets | 21/28 | €376,390 | €376,390 | = | 0.0% |
| Tangible fixed assets | 22/27 | €376,390 | €376,390 | = | 0.0% |
| Land and buildings | 22 | €376,390 | €376,390 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €1,800,403 | €1,659,573 | -€140,830 | -7.8% |
| Amounts receivable after more than one year | 29 | €1,285,000 | €1,285,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,285,000 | €1,285,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,653 | €0 | -€47,653 | -100% |
| Other amounts receivable | 41 | €47,653 | €0 | -€47,653 | -100% |
| Cash at bank and in hand | 54/58 | €438,067 | €340,932 | -€97,136 | -22.2% |
| Deferred charges and accrued income | 490/1 | €29,683 | €33,641 | +€3,958 | +13.3% |
| Total equity and liabilities | 10/49 | €2,176,793 | €2,035,963 | -€140,830 | -6.5% |
| Equity | 10/15 | €2,021,865 | €2,031,029 | +€9,164 | +0.5% |
| Contributions | 10/11 | €1,520,000 | €1,520,000 | = | 0.0% |
| Capital | 10 | €1,520,000 | €1,520,000 | = | 0.0% |
| Issued capital | 100 | €1,520,000 | €1,520,000 | = | 0.0% |
| Reserves | 13 | €68,500 | €69,500 | +€1,000 | +1.5% |
| Non-distributable reserves | 130/1 | €49,000 | €50,000 | +€1,000 | +2.0% |
| Legal reserve | 130 | €49,000 | €50,000 | +€1,000 | +2.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €433,365 | €441,529 | +€8,164 | +1.9% |
| Amounts payable | 17/49 | €154,928 | €4,934 | -€149,994 | -96.8% |
| Amounts payable within one year | 42/48 | €133,795 | €3,609 | -€130,186 | -97.3% |
| Trade debts | 44 | - | €767 | +€767 | |
| Suppliers | 440/4 | - | €767 | +€767 | |
| Taxes, remuneration and social security | 45 | €0 | €2,842 | +€2,842 | |
| Taxes | 450/3 | €0 | €2,842 | +€2,842 | |
| Other amounts payable | 47/48 | €133,795 | €0 | -€133,795 | -100% |
| Accrued charges and deferred income | 492/3 | €21,133 | €1,325 | -€19,808 | -93.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €3,394 | €2,057 | -€1,337 | -39.4% |
| Non-recurring operating charges | 66A | €468 | €0 | -€468 | -100% |
| Gross operating margin | 9900 | -€12,204 | -€7,485 | +€4,718 | +38.7% |
| Operating profit (loss) | 9901 | -€16,065 | -€9,542 | +€6,523 | +40.6% |
| Financial income | 75/76B | €25,454 | €21,700 | -€3,754 | -14.7% |
| Recurring financial income | 75 | €25,454 | €21,700 | -€3,754 | -14.7% |
| Financial charges | 65/66B | €14,028 | €151 | -€13,877 | -98.9% |
| Recurring financial charges | 65 | €14,028 | €151 | -€13,877 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,639 | €12,006 | +€16,645 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | -€1,816 | €2,842 | +€4,658 | |
| Profit (loss) for the period | 9904 | -€2,823 | €9,164 | +€11,987 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,823 | €9,164 | +€11,987 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.