IMMO RAYMACKERS: 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.
What changed
IMMO RAYMACKERS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1,249
2023 · -€39,434+€38,184
Equity
€768,064
2023 · €769,314-€1,249
Cash
€16,067
2023 · €11,854+€4,213
Balance sheet total
€1.2m
2023 · €1.3m-€64,378
Largest movements
Assets
- Receivables within one year -€88,183
down €88,183 (-48.9%), from €180,323 to €92,141
of which Other amounts receivable: -€86,700
- Tangible fixed assets +€17,990
up €17,990 (+1.9%), from €933,245 to €951,234
of which Land and buildings: +€21,550
Equity and liabilities
- Debts after one year -€71,485
down €71,485 (-22.0%), from €325,407 to €253,922
Income statement
- Gross operating margin +€30,218
up €30,218 (+44.3%), from €68,284 to €98,502
- Depreciation -€6,434
down €6,434 (-6.8%), from €95,299 to €88,865
- Financial charges -€3,219
down €3,219 (-21.4%), from €15,052 to €11,833
- Write-downs +€1,888
up €1,888, from -€1,888 to €0
From the 2023 result to the 2024 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 2023
-€39,434
Gross operating margin
+€30,218
Depreciation
+€6,434
Write-downs
-€1,888
Other operating charges
+€275
Financial income
-€73
Financial charges
+€3,219
Taxes
-€0
Result 2024
-€1,249
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€180,526
Investment
-€106,855
Financing
-€69,459
Cash 2023
€11,854
From operations (derived)
+€180,526
Net result for the year
-€1,249
Depreciation
+€88,865
Receivables within one year
+€88,183
Deferred charges and accrued income
-€1,602
Trade debts
+€8,779
Tax, wage and social debts
-€1,648
Other debts
-€438
Accrued charges and deferred income
-€363
Investment (derived)
-€106,855
Investment in fixed assets (net)
-€106,855
Financing
-€69,459
Debts after one year
-€71,485
Current portion of long-term debt
+€1,068
Short-term financial debts
+€958
Cash 2024
€16,067
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,254,061 | €1,189,683 | -€64,378 | -5.1% |
| Fixed assets | 21/28 | €933,245 | €951,234 | +€17,990 | +1.9% |
| Tangible fixed assets | 22/27 | €933,245 | €951,234 | +€17,990 | +1.9% |
| Land and buildings | 22 | €878,878 | €900,427 | +€21,550 | +2.5% |
| Plant, machinery and equipment | 23 | €52,016 | €48,713 | -€3,303 | -6.4% |
| Furniture and vehicles | 24 | €2,351 | €2,094 | -€256 | -10.9% |
| Current assets | 29/58 | €320,816 | €238,449 | -€82,368 | -25.7% |
| Amounts receivable after more than one year | 29 | €116,000 | €116,000 | = | 0.0% |
| Other amounts receivable | 291 | €116,000 | €116,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €180,323 | €92,141 | -€88,183 | -48.9% |
| Trade receivables | 40 | €51,774 | €50,292 | -€1,483 | -2.9% |
| Other amounts receivable | 41 | €128,549 | €41,849 | -€86,700 | -67.4% |
| Cash at bank and in hand | 54/58 | €11,854 | €16,067 | +€4,213 | +35.5% |
| Deferred charges and accrued income | 490/1 | €12,638 | €14,241 | +€1,602 | +12.7% |
| Total equity and liabilities | 10/49 | €1,254,061 | €1,189,683 | -€64,378 | -5.1% |
| Equity | 10/15 | €769,314 | €768,064 | -€1,249 | -0.2% |
| Contributions | 10/11 | €6,460 | €6,460 | = | 0.0% |
| Reserves | 13 | €762,854 | €761,604 | -€1,249 | -0.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,255 | €83,255 | = | 0.0% |
| Distributable reserves | 133 | €677,699 | €676,449 | -€1,249 | -0.2% |
| Amounts payable | 17/49 | €484,747 | €421,618 | -€63,129 | -13.0% |
| Amounts payable after more than one year | 17 | €325,407 | €253,922 | -€71,485 | -22.0% |
| Financial debts | 170/4 | €325,407 | €253,922 | -€71,485 | -22.0% |
| Amounts payable within one year | 42/48 | €158,977 | €167,696 | +€8,719 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €73,157 | €74,225 | +€1,068 | +1.5% |
| Financial debts | 43 | €50,000 | €50,958 | +€958 | +1.9% |
| Credit institutions | 430/8 | €50,000 | €50,958 | +€958 | +1.9% |
| Trade debts | 44 | €10,246 | €19,025 | +€8,779 | +85.7% |
| Suppliers | 440/4 | €10,246 | €19,025 | +€8,779 | +85.7% |
| Taxes, remuneration and social security | 45 | €12,048 | €10,400 | -€1,648 | -13.7% |
| Taxes | 450/3 | €12,048 | €10,400 | -€1,648 | -13.7% |
| Other amounts payable | 47/48 | €13,526 | €13,088 | -€438 | -3.2% |
| Accrued charges and deferred income | 492/3 | €363 | €0 | -€363 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,299 | €88,865 | -€6,434 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,888 | €0 | +€1,888 | |
| Other operating charges | 640/8 | €12,623 | €12,348 | -€275 | -2.2% |
| Gross operating margin | 9900 | €68,284 | €98,502 | +€30,218 | +44.3% |
| Operating profit (loss) | 9901 | -€37,749 | -€2,711 | +€35,038 | +92.8% |
| Financial income | 75/76B | €13,367 | €13,295 | -€73 | -0.5% |
| Recurring financial income | 75 | €13,367 | €13,295 | -€73 | -0.5% |
| Financial charges | 65/66B | €15,052 | €11,833 | -€3,219 | -21.4% |
| Recurring financial charges | 65 | €15,052 | €11,833 | -€3,219 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,434 | -€1,249 | +€38,184 | +96.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€39,434 | -€1,249 | +€38,184 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,434 | -€1,249 | +€38,184 | +96.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.