IMMO RD: 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 RD
Largest movements
- Cash +€16,895
up €16,895 (+85.5%), from €19,750 to €36,644
mainly Tax, wage and social debts (+€10,048) and Depreciation (+€9,798)
- Tangible fixed assets -€9,798
down €9,798 (-11.6%), from €84,673 to €74,875
- Tax, wage and social debts +€10,048
up €10,048 (+334.9%), from €3,000 to €13,048
- Reserves -€9,975
down €9,975 (-33.2%), from €30,036 to €20,061
of which Distributable reserves: -€11,114
- Profit (loss) carried forward +€5,892
up €5,892 (+10.5%), from €56,269 to €62,161
- Other debts +€2,500
up €2,500 (+33.1%), from €7,550 to €10,050
- Taxes +€10,127
up €10,127 (+406.0%), from €2,494 to €12,621
- Depreciation -€5,697
down €5,697 (-36.8%), from €15,495 to €9,798
- Other operating charges -€3,430
down €3,430 (-86.3%), from €3,974 to €544
- Gross operating margin +€933
up €933 (+3.5%), from €26,600 to €27,533
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 | €109,379 | €116,706 | +€7,327 | +6.7% |
| Fixed assets | 21/28 | €84,673 | €74,875 | -€9,798 | -11.6% |
| Tangible fixed assets | 22/27 | €84,673 | €74,875 | -€9,798 | -11.6% |
| Land and buildings | 22 | €84,673 | €74,875 | -€9,798 | -11.6% |
| Current assets | 29/58 | €24,706 | €41,831 | +€17,125 | +69.3% |
| Amounts receivable within one year | 40/41 | €3,296 | €3,526 | +€230 | +7.0% |
| Other amounts receivable | 41 | €3,296 | €3,526 | +€230 | +7.0% |
| Cash at bank and in hand | 54/58 | €19,750 | €36,644 | +€16,895 | +85.5% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,660 | = | 0.0% |
| Total equity and liabilities | 10/49 | €109,379 | €116,706 | +€7,327 | +6.7% |
| Equity | 10/15 | €98,829 | €93,607 | -€5,222 | -5.3% |
| Contributions | 10/11 | €12,523 | €11,385 | -€1,138 | -9.1% |
| Reserves | 13 | €30,036 | €20,061 | -€9,975 | -33.2% |
| Non-distributable reserves | 130/1 | - | €1,138 | +€1,138 | |
| Reserves not available under the articles | 1311 | - | €1,138 | +€1,138 | |
| Tax-exempt reserves | 132 | €5,021 | €5,021 | = | 0.0% |
| Distributable reserves | 133 | €25,015 | €13,902 | -€11,114 | -44.4% |
| Profit (loss) carried forward | 14 | €56,269 | €62,161 | +€5,892 | +10.5% |
| Amounts payable | 17/49 | €10,550 | €23,098 | +€12,548 | +118.9% |
| Amounts payable within one year | 42/48 | €10,550 | €23,098 | +€12,548 | +118.9% |
| Taxes, remuneration and social security | 45 | €3,000 | €13,048 | +€10,048 | +334.9% |
| Taxes | 450/3 | €3,000 | €13,048 | +€10,048 | +334.9% |
| Other amounts payable | 47/48 | €7,550 | €10,050 | +€2,500 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,495 | €9,798 | -€5,697 | -36.8% |
| Other operating charges | 640/8 | €3,974 | €544 | -€3,430 | -86.3% |
| Gross operating margin | 9900 | €26,600 | €27,533 | +€933 | +3.5% |
| Operating profit (loss) | 9901 | €7,131 | €17,191 | +€10,060 | +141.1% |
| Financial charges | 65/66B | €24 | €21 | -€3 | -12.0% |
| Recurring financial charges | 65 | €24 | €21 | -€3 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €7,107 | €17,170 | +€10,063 | +141.6% |
| Income taxes | 67/77 | €2,494 | €12,621 | +€10,127 | +406.0% |
| Profit (loss) for the period | 9904 | €4,613 | €4,548 | -€65 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,613 | €4,548 | -€65 | -1.4% |
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 2 October 2026 via checked.be.