Immo RADEL: 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 RADEL
Largest movements
- Receivables within one year -€136,719
down €136,719 (-59.4%), from €230,109 to €93,390
of which Trade receivables: -€126,629
- Tangible fixed assets +€64,783
up €64,783 (+9.3%), from €693,704 to €758,487
- Debts after one year -€209,988
down €209,988 (-58.2%), from €360,675 to €150,688
of which Financial debts: -€225,000
- Reserves +€124,000
up €124,000 (+167.6%), from €74,000 to €198,000
of which Distributable reserves: +€124,000
- Tax, wage and social debts +€45,741
up €45,741 (+172.0%), from €26,591 to €72,332
of which Taxes: +€47,042
- Other debts -€20,449
down €20,449 (-25.0%), from €81,923 to €61,474
- Gross operating margin +€237,360
up €237,360 (+251.6%), from €94,336 to €331,695
- Taxes +€60,355
up €60,355 (+1439.3%), from €4,193 to €64,548
- Depreciation +€48,763
up €48,763 (+72.7%), from €67,054 to €115,817
- Financial charges +€13,149
up €13,149 (+132.3%), from €9,940 to €23,089
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 | €962,156 | €898,280 | -€63,877 | -6.6% |
| Fixed assets | 21/28 | €718,704 | €783,487 | +€64,783 | +9.0% |
| Tangible fixed assets | 22/27 | €693,704 | €758,487 | +€64,783 | +9.3% |
| Land and buildings | 22 | €693,704 | €758,487 | +€64,783 | +9.3% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €243,452 | €114,793 | -€128,659 | -52.8% |
| Amounts receivable within one year | 40/41 | €230,109 | €93,390 | -€136,719 | -59.4% |
| Trade receivables | 40 | €219,780 | €93,151 | -€126,629 | -57.6% |
| Other amounts receivable | 41 | €10,329 | €239 | -€10,090 | -97.7% |
| Cash at bank and in hand | 54/58 | €12,385 | €20,542 | +€8,157 | +65.9% |
| Deferred charges and accrued income | 490/1 | €958 | €861 | -€97 | -10.1% |
| Total equity and liabilities | 10/49 | €962,156 | €898,280 | -€63,877 | -6.6% |
| Equity | 10/15 | €485,543 | €610,766 | +€125,223 | +25.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €74,000 | €198,000 | +€124,000 | +167.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €72,000 | €196,000 | +€124,000 | +172.2% |
| Profit (loss) carried forward | 14 | €391,543 | €392,766 | +€1,223 | +0.3% |
| Amounts payable | 17/49 | €476,613 | €287,513 | -€189,100 | -39.7% |
| Amounts payable after more than one year | 17 | €360,675 | €150,688 | -€209,988 | -58.2% |
| Financial debts | 170/4 | €225,000 | - | -€225,000 | |
| Other amounts payable | 178/9 | €135,675 | €150,688 | +€15,013 | +11.1% |
| Amounts payable within one year | 42/48 | €109,189 | €136,826 | +€27,637 | +25.3% |
| Trade debts | 44 | €675 | €3,020 | +€2,345 | +347.2% |
| Suppliers | 440/4 | €675 | €3,020 | +€2,345 | +347.2% |
| Taxes, remuneration and social security | 45 | €26,591 | €72,332 | +€45,741 | +172.0% |
| Taxes | 450/3 | €24,003 | €71,045 | +€47,042 | +196.0% |
| Remuneration and social security | 454/9 | €2,588 | €1,287 | -€1,301 | -50.3% |
| Other amounts payable | 47/48 | €81,923 | €61,474 | -€20,449 | -25.0% |
| Accrued charges and deferred income | 492/3 | €6,749 | - | -€6,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,054 | €115,817 | +€48,763 | +72.7% |
| Other operating charges | 640/8 | €3,177 | €3,018 | -€160 | -5.0% |
| Gross operating margin | 9900 | €94,336 | €331,695 | +€237,360 | +251.6% |
| Operating profit (loss) | 9901 | €24,104 | €212,860 | +€188,756 | +783.1% |
| Financial charges | 65/66B | €9,940 | €23,089 | +€13,149 | +132.3% |
| Recurring financial charges | 65 | €9,940 | €23,089 | +€13,149 | +132.3% |
| Profit (loss) for the period before taxes | 9903 | €14,164 | €189,772 | +€175,607 | +1239.8% |
| Income taxes | 67/77 | €4,193 | €64,548 | +€60,355 | +1439.3% |
| Profit (loss) for the period | 9904 | €9,971 | €125,223 | +€115,253 | +1155.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,971 | €125,223 | +€115,253 | +1155.9% |
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 10 October 2026 via checked.be.