IMMO-RAUW: 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-RAUW
Largest movements
- Receivables within one year -€53,372
down €53,372 (-83.8%), from €63,682 to €10,309
of which Trade receivables: -€53,522
- Cash +€19,802
up €19,802 (+261%), from €7,592 to €27,394
mainly Receivables within one year (+€53,372) and Net result for the year (+€24,525)
- Tangible fixed assets +€1,548
up €1,548 (+9.1%), from €17,009 to €18,557
of which Other tangible fixed assets: +€3,296
- Other debts -€47,128
down €47,128 (-81.6%), from €57,727 to €10,598
- Profit (loss) carried forward +€24,525
up €24,525 (+98.7%), from -€24,852 to -€327
- Current portion of long-term debt -€7,965
down €7,965 (-53.7%), from €14,823 to €6,857
- Tax, wage and social debts +€7,066
up €7,066 (+105%), from €6,725 to €13,791
- Debts after one year -€6,857
down €6,857 (-100%), from €6,857 to €0
- Gross operating margin +€23,949
up €23,949 (+171%), from €14,028 to €37,977
- Depreciation -€919
down €919 (-8.6%), from €10,711 to €9,792
- Write-downs -€680
down €680 (-100%), from €680 to €0
- Financial charges -€452
down €452 (-14.2%), from €3,187 to €2,735
of which Financial charges: -€2,297
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 | €93,853 | €62,125 | -€31,728 | -33.8% |
| Formation expenses | 20 | €413 | €159 | -€254 | -61.4% |
| Fixed assets | 21/28 | €17,492 | €18,740 | +€1,248 | +7.1% |
| Intangible fixed assets | 21 | €483 | €183 | -€300 | -62.1% |
| Tangible fixed assets | 22/27 | €17,009 | €18,557 | +€1,548 | +9.1% |
| Plant, machinery and equipment | 23 | €859 | €2,259 | +€1,401 | +163% |
| Furniture and vehicles | 24 | €16,150 | €13,001 | -€3,149 | -19.5% |
| Other tangible fixed assets | 26 | - | €3,296 | +€3,296 | |
| Current assets | 29/58 | €75,948 | €43,226 | -€32,723 | -43.1% |
| Amounts receivable within one year | 40/41 | €63,682 | €10,309 | -€53,372 | -83.8% |
| Trade receivables | 40 | €63,381 | €9,858 | -€53,522 | -84.4% |
| Other amounts receivable | 41 | €301 | €451 | +€150 | +49.8% |
| Cash at bank and in hand | 54/58 | €7,592 | €27,394 | +€19,802 | +261% |
| Deferred charges and accrued income | 490/1 | €4,675 | €5,523 | +€847 | +18.1% |
| Total equity and liabilities | 10/49 | €93,853 | €62,125 | -€31,728 | -33.8% |
| Equity | 10/15 | €148 | €24,673 | +€24,525 | +16,558% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,852 | -€327 | +€24,525 | +98.7% |
| Amounts payable | 17/49 | €93,705 | €37,451 | -€56,254 | -60.0% |
| Amounts payable after more than one year | 17 | €6,857 | €0 | -€6,857 | -100% |
| Financial debts | 170/4 | €6,857 | €0 | -€6,857 | -100% |
| Amounts payable within one year | 42/48 | €86,848 | €36,851 | -€49,996 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €14,823 | €6,857 | -€7,965 | -53.7% |
| Trade debts | 44 | €7,573 | €5,605 | -€1,969 | -26.0% |
| Suppliers | 440/4 | €7,573 | €5,605 | -€1,969 | -26.0% |
| Taxes, remuneration and social security | 45 | €6,725 | €13,791 | +€7,066 | +105% |
| Taxes | 450/3 | €6,725 | €13,791 | +€7,066 | +105% |
| Other amounts payable | 47/48 | €57,727 | €10,598 | -€47,128 | -81.6% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Non-recurring operating income | 76A | €3,029 | €0 | -€3,029 | -100% |
| Remuneration, social security and pensions | 62 | €50 | €0 | -€50 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,711 | €9,792 | -€919 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €680 | €0 | -€680 | -100% |
| Other operating charges | 640/8 | €681 | €579 | -€103 | -15.1% |
| Gross operating margin | 9900 | €14,028 | €37,977 | +€23,949 | +171% |
| Operating profit (loss) | 9901 | €1,905 | €27,606 | +€25,701 | +1,349% |
| Financial income | 75/76B | €44 | €5 | -€39 | -89.7% |
| Recurring financial income | 75 | €44 | €5 | -€39 | -89.7% |
| Financial charges | 65/66B | €3,187 | €2,735 | -€452 | -14.2% |
| Recurring financial charges | 65 | €3,187 | €890 | -€2,297 | -72.1% |
| Non-recurring financial charges | 66B | - | €1,845 | +€1,845 | |
| Profit (loss) for the period before taxes | 9903 | -€1,237 | €24,876 | +€26,113 | |
| Income taxes | 67/77 | €190 | €351 | +€160 | +84.0% |
| Profit (loss) for the period | 9904 | -€1,428 | €24,525 | +€25,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,428 | €24,525 | +€25,953 |
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 16 October 2026 via checked.be.