IMMO RAYNAL CHERKAOUI: what changed
IMMO RAYNAL CHERKAOUI
Largest movements
- Cash +€162,267
up €162,267 (+2,812%), from €5,771 to €168,038
mainly Net result for the year (+€171,294) and Depreciation (+€38,758)
- Tangible fixed assets -€42,630
down €42,630 (-9.4%), from €455,312 to €412,682
- Receivables within one year +€11,111
new in 2025: €11,111
- Profit (loss) carried forward +€171,294
up €171,294, from -€136,985 to €34,309
- Other debts -€51,538
down €51,538 (-32.4%), from €158,953 to €107,415
- Trade debts +€17,523
up €17,523 (+2,133%), from €821 to €18,344
- Debts after one year -€6,385
no longer reported in 2025 (was €6,385)
- Financial income +€190,455
up €190,455 (+7,391%), from €2,577 to €193,032
of which Financial income: +€193,021
- Gross operating margin -€18,421
down €18,421 (-32.8%), from €56,205 to €37,785
- Depreciation -€3,877
down €3,877 (-9.1%), from €42,634 to €38,758
- Other operating charges +€3,289
up €3,289 (+20.6%), from €15,955 to €19,244
- Taxes +€753
new in 2025: €753
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,086 | €593,130 | +€130,043 | +28.1% |
| Fixed assets | 21/28 | €455,312 | €412,682 | -€42,630 | -9.4% |
| Tangible fixed assets | 22/27 | €455,312 | €412,682 | -€42,630 | -9.4% |
| Land and buildings | 22 | €455,312 | €412,682 | -€42,630 | -9.4% |
| Current assets | 29/58 | €7,774 | €180,447 | +€172,673 | +2,221% |
| Amounts receivable within one year | 40/41 | - | €11,111 | +€11,111 | |
| Trade receivables | 40 | - | €11,111 | +€11,111 | |
| Cash at bank and in hand | 54/58 | €5,771 | €168,038 | +€162,267 | +2,812% |
| Deferred charges and accrued income | 490/1 | €2,003 | €1,298 | -€705 | -35.2% |
| Total equity and liabilities | 10/49 | €463,086 | €593,130 | +€130,043 | +28.1% |
| Equity | 10/15 | €296,077 | €467,371 | +€171,294 | +57.9% |
| Contributions | 10/11 | €364,455 | €364,455 | = | 0.0% |
| Reserves | 13 | €68,607 | €68,607 | = | 0.0% |
| Distributable reserves | 133 | €68,607 | €68,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,985 | €34,309 | +€171,294 | |
| Amounts payable | 17/49 | €167,009 | €125,759 | -€41,250 | -24.7% |
| Amounts payable after more than one year | 17 | €6,385 | - | -€6,385 | |
| Other amounts payable | 178/9 | €6,385 | - | -€6,385 | |
| Amounts payable within one year | 42/48 | €159,775 | €125,759 | -€34,016 | -21.3% |
| Trade debts | 44 | €821 | €18,344 | +€17,523 | +2,133% |
| Suppliers | 440/4 | €821 | €18,344 | +€17,523 | +2,133% |
| Other amounts payable | 47/48 | €158,953 | €107,415 | -€51,538 | -32.4% |
| Accrued charges and deferred income | 492/3 | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,634 | €38,758 | -€3,877 | -9.1% |
| Other operating charges | 640/8 | €15,955 | €19,244 | +€3,289 | +20.6% |
| Gross operating margin | 9900 | €56,205 | €37,785 | -€18,421 | -32.8% |
| Operating profit (loss) | 9901 | -€2,384 | -€20,217 | -€17,833 | -748% |
| Financial income | 75/76B | €2,577 | €193,032 | +€190,455 | +7,391% |
| Recurring financial income | 75 | €11 | €193,032 | +€193,021 | +1,765,978% |
| Non-recurring financial income | 76B | €2,566 | €193,032 | +€190,466 | +7,423% |
| Financial charges | 65/66B | €923 | €769 | -€154 | -16.7% |
| Recurring financial charges | 65 | €923 | €769 | -€154 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€730 | €172,047 | +€172,776 | |
| Income taxes | 67/77 | - | €753 | +€753 | |
| Profit (loss) for the period | 9904 | -€730 | €171,294 | +€172,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€730 | €171,294 | +€172,023 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.