IMMO RADELET-DUMONT: 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.
What changed
IMMO RADELET-DUMONT
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,410
2024 · €19,103+€2,307
Equity
€853,452
2024 · €832,042+€21,410
Cash
€31,921
2024 · €26,101+€5,820
Balance sheet total
€1.3m
2024 · €1.4m-€52,946
Largest movements
Assets
- Tangible fixed assets -€66,813
down €66,813 (-5.7%), from €1.2m to €1.1m
of which Land and buildings: -€60,955
Equity and liabilities
- Debts after one year -€98,993
down €98,993 (-25.6%), from €386,850 to €287,856
- Reserves +€20,369
up €20,369 (+3.6%), from €569,488 to €589,858
of which Distributable reserves: +€40,000
Income statement
- Financial charges -€7,464
down €7,464 (-27.0%), from €27,646 to €20,183
- Other operating charges +€2,123
up €2,123 (+13.7%), from €15,504 to €17,627
- Depreciation +€1,724
up €1,724 (+2.6%), from €66,565 to €68,289
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.
Result 2024
€19,103
Gross operating margin
-€211
Depreciation
-€1,724
Other operating charges
-€2,123
Financial income
+€32
Financial charges
+€7,464
Taxes
-€1,130
Result 2025
€21,410
raises the resultlowers the result
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.
From operations
+€106,290
Investment
-€1,477
Financing
-€98,993
Cash 2024
€26,101
From operations (derived)
+€106,290
Net result for the year
+€21,410
Depreciation
+€68,289
Receivables within one year
-€10,847
Deferred charges and accrued income
+€2,800
Provisions
-€6,544
Trade debts
+€5,911
Tax, wage and social debts
+€13,000
Accrued charges and deferred income
+€12,270
Investment (derived)
-€1,477
Investment in fixed assets (net)
-€1,477
Financing
-€98,993
Debts after one year
-€98,993
Cash 2025
€31,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,384,521 | €1,331,575 | -€52,946 | -3.8% |
| Fixed assets | 21/28 | €1,165,555 | €1,098,742 | -€66,813 | -5.7% |
| Tangible fixed assets | 22/27 | €1,165,555 | €1,098,742 | -€66,813 | -5.7% |
| Land and buildings | 22 | €1,135,017 | €1,074,062 | -€60,955 | -5.4% |
| Furniture and vehicles | 24 | €10,211 | €6,982 | -€3,230 | -31.6% |
| Other tangible fixed assets | 26 | €20,327 | €17,699 | -€2,629 | -12.9% |
| Current assets | 29/58 | €218,965 | €232,832 | +€13,867 | +6.3% |
| Amounts receivable within one year | 40/41 | €187,358 | €198,205 | +€10,847 | +5.8% |
| Other amounts receivable | 41 | €187,358 | €198,205 | +€10,847 | +5.8% |
| Cash at bank and in hand | 54/58 | €26,101 | €31,921 | +€5,820 | +22.3% |
| Deferred charges and accrued income | 490/1 | €5,506 | €2,706 | -€2,800 | -50.9% |
| Total equity and liabilities | 10/49 | €1,384,521 | €1,331,575 | -€52,946 | -3.8% |
| Equity | 10/15 | €832,042 | €853,452 | +€21,410 | +2.6% |
| Contributions | 10/11 | €78,566 | €78,566 | = | 0.0% |
| Capital | 10 | €78,566 | €78,566 | = | 0.0% |
| Issued capital | 100 | €78,566 | €78,566 | = | 0.0% |
| Reserves | 13 | €569,488 | €589,858 | +€20,369 | +3.6% |
| Non-distributable reserves | 130/1 | €13,900 | €13,900 | = | 0.0% |
| Legal reserve | 130 | €7,857 | €7,857 | = | 0.0% |
| Other | 1319 | €6,044 | €6,044 | = | 0.0% |
| Tax-exempt reserves | 132 | €301,329 | €281,699 | -€19,631 | -6.5% |
| Distributable reserves | 133 | €254,259 | €294,259 | +€40,000 | +15.7% |
| Profit (loss) carried forward | 14 | €183,988 | €185,028 | +€1,040 | +0.6% |
| Provisions and deferred taxes | 16 | €100,443 | €93,900 | -€6,544 | -6.5% |
| Deferred taxes | 168 | €100,443 | €93,900 | -€6,544 | -6.5% |
| Amounts payable | 17/49 | €452,035 | €384,223 | -€67,812 | -15.0% |
| Amounts payable after more than one year | 17 | €386,850 | €287,856 | -€98,993 | -25.6% |
| Other amounts payable | 178/9 | €386,850 | €287,856 | -€98,993 | -25.6% |
| Amounts payable within one year | 42/48 | €14,147 | €33,058 | +€18,911 | +134% |
| Trade debts | 44 | €6,147 | €12,058 | +€5,911 | +96.2% |
| Suppliers | 440/4 | €6,147 | €12,058 | +€5,911 | +96.2% |
| Taxes, remuneration and social security | 45 | €8,000 | €21,000 | +€13,000 | +163% |
| Taxes | 450/3 | €8,000 | €21,000 | +€13,000 | +163% |
| Accrued charges and deferred income | 492/3 | €51,039 | €63,309 | +€12,270 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,565 | €68,289 | +€1,724 | +2.6% |
| Other operating charges | 640/8 | €15,504 | €17,627 | +€2,123 | +13.7% |
| Gross operating margin | 9900 | €142,790 | €142,578 | -€211 | -0.1% |
| Operating profit (loss) | 9901 | €60,720 | €56,662 | -€4,059 | -6.7% |
| Financial income | 75/76B | €57 | €89 | +€32 | +56.0% |
| Recurring financial income | 75 | €57 | €89 | +€32 | +56.0% |
| Financial charges | 65/66B | €27,646 | €20,183 | -€7,464 | -27.0% |
| Recurring financial charges | 65 | €27,646 | €20,183 | -€7,464 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €33,131 | €36,568 | +€3,437 | +10.4% |
| Transfer from deferred taxes | 780 | €6,544 | €6,544 | = | 0.0% |
| Income taxes | 67/77 | €20,572 | €21,702 | +€1,130 | +5.5% |
| Profit (loss) for the period | 9904 | €19,103 | €21,410 | +€2,307 | +12.1% |
| Transfer from tax-exempt reserves | 789 | €19,631 | €19,631 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,733 | €41,040 | +€2,307 | +6.0% |
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 31 October 2026 via checked.be.