Immo Ram: what changed
Two fiscal 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 Ram
Largest movements
- Tangible fixed assets -€12,350
down €12,350 (-5.9%), from €210,196 to €197,846
of which Land and buildings: -€11,290
- Receivables within one year -€5,445
down €5,445 (-30.3%), from €17,945 to €12,500
of which Trade receivables: -€5,445
- Debts after one year -€9,169
down €9,169 (-11.6%), from €79,251 to €70,082
- Other debts -€7,155
down €7,155 (-19.9%), from €35,894 to €28,739
- Gross operating margin -€9,124
down €9,124 (-37.1%), from €24,613 to €15,489
- Depreciation -€636
down €636 (-5.3%), from €11,991 to €11,355
- Taxes -€616
down €616 (-50.1%), from €1,228 to €613
- Other operating charges +€411
up €411 (+22.6%), from €1,815 to €2,226
- Financial charges -€354
down €354 (-9.2%), from €3,850 to €3,496
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 | €237,150 | €216,323 | -€20,827 | -8.8% |
| Fixed assets | 21/28 | €210,196 | €197,846 | -€12,350 | -5.9% |
| Tangible fixed assets | 22/27 | €210,196 | €197,846 | -€12,350 | -5.9% |
| Land and buildings | 22 | €209,020 | €197,730 | -€11,290 | -5.4% |
| Plant, machinery and equipment | 23 | €7 | €0 | -€7 | -100.0% |
| Furniture and vehicles | 24 | €1,168 | €116 | -€1,053 | -90.1% |
| Current assets | 29/58 | €26,954 | €18,477 | -€8,477 | -31.4% |
| Amounts receivable within one year | 40/41 | €17,945 | €12,500 | -€5,445 | -30.3% |
| Trade receivables | 40 | €5,445 | €0 | -€5,445 | -100.0% |
| Other amounts receivable | 41 | €12,500 | €12,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,054 | €5,977 | -€1,077 | -15.3% |
| Deferred charges and accrued income | 490/1 | €1,955 | €0 | -€1,955 | -100.0% |
| Total equity and liabilities | 10/49 | €237,150 | €216,323 | -€20,827 | -8.8% |
| Equity | 10/15 | €94,741 | €92,540 | -€2,201 | -2.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €33,610 | €33,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €27,460 | €27,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€369 | -€2,570 | -€2,201 | -596.3% |
| Amounts payable | 17/49 | €142,409 | €123,783 | -€18,626 | -13.1% |
| Amounts payable after more than one year | 17 | €79,251 | €70,082 | -€9,169 | -11.6% |
| Financial debts | 170/4 | €79,251 | €70,082 | -€9,169 | -11.6% |
| Amounts payable within one year | 42/48 | €63,158 | €53,701 | -€9,457 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €8,822 | €9,169 | +€348 | +3.9% |
| Trade debts | 44 | €16,424 | €14,602 | -€1,822 | -11.1% |
| Suppliers | 440/4 | €16,424 | €14,602 | -€1,822 | -11.1% |
| Taxes, remuneration and social security | 45 | €2,018 | €1,191 | -€827 | -41.0% |
| Taxes | 450/3 | €2,018 | €1,191 | -€827 | -41.0% |
| Other amounts payable | 47/48 | €35,894 | €28,739 | -€7,155 | -19.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,991 | €11,355 | -€636 | -5.3% |
| Other operating charges | 640/8 | €1,815 | €2,226 | +€411 | +22.6% |
| Gross operating margin | 9900 | €24,613 | €15,489 | -€9,124 | -37.1% |
| Operating profit (loss) | 9901 | €10,806 | €1,907 | -€8,899 | -82.3% |
| Financial charges | 65/66B | €3,850 | €3,496 | -€354 | -9.2% |
| Recurring financial charges | 65 | €3,850 | €3,496 | -€354 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €6,956 | -€1,588 | -€8,544 | |
| Income taxes | 67/77 | €1,228 | €613 | -€616 | -50.1% |
| Profit (loss) for the period | 9904 | €5,728 | -€2,201 | -€7,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,728 | -€2,201 | -€7,928 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.