IMMO RECA: 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 RECA
Largest movements
- Cash -€15,801
down €15,801 (-33.2%), from €47,616 to €31,815
mainly Other debts (-€26,820) and Tax, wage and social debts (-€8,429)
- Deferred charges and accrued income -€7,499
down €7,499 (-85.9%), from €8,727 to €1,228
- Tangible fixed assets -€5,057
down €5,057 (-6.3%), from €79,697 to €74,641
of which Land and buildings: -€3,953
- Receivables within one year +€4,906
up €4,906 (+716.9%), from €684 to €5,591
of which Other amounts receivable: +€2,790
- Other debts -€26,820
down €26,820 (-100.0%), from €26,820 to €0
- Profit (loss) carried forward +€11,380
up €11,380 (+75.5%), from -€15,074 to -€3,694
- Tax, wage and social debts -€8,429
down €8,429 (-100.0%), from €8,429 to €0
- Gross operating margin -€2,193
down €2,193 (-5.5%), from €39,590 to €37,397
- Taxes -€869
down €869 (-17.9%), from €4,855 to €3,986
- Depreciation -€667
down €667 (-9.4%), from €7,121 to €6,455
- Other operating charges +€463
up €463 (+3.1%), from €14,742 to €15,205
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 | €136,725 | €113,275 | -€23,450 | -17.2% |
| Fixed assets | 21/28 | €79,697 | €74,641 | -€5,057 | -6.3% |
| Tangible fixed assets | 22/27 | €79,697 | €74,641 | -€5,057 | -6.3% |
| Land and buildings | 22 | €66,179 | €62,226 | -€3,953 | -6.0% |
| Plant, machinery and equipment | 23 | €13,519 | €11,422 | -€2,097 | -15.5% |
| Furniture and vehicles | 24 | - | €993 | +€993 | |
| Current assets | 29/58 | €57,028 | €38,634 | -€18,394 | -32.3% |
| Amounts receivable within one year | 40/41 | €684 | €5,591 | +€4,906 | +716.9% |
| Trade receivables | 40 | - | €2,117 | +€2,117 | |
| Other amounts receivable | 41 | €684 | €3,474 | +€2,790 | +407.6% |
| Cash at bank and in hand | 54/58 | €47,616 | €31,815 | -€15,801 | -33.2% |
| Deferred charges and accrued income | 490/1 | €8,727 | €1,228 | -€7,499 | -85.9% |
| Total equity and liabilities | 10/49 | €136,725 | €113,275 | -€23,450 | -17.2% |
| Equity | 10/15 | €99,249 | €110,629 | +€11,380 | +11.5% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €2,771 | €2,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €868 | €868 | = | 0.0% |
| Legal reserve | 130 | €868 | €868 | = | 0.0% |
| Distributable reserves | 133 | €1,904 | €1,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,074 | -€3,694 | +€11,380 | +75.5% |
| Amounts payable | 17/49 | €37,476 | €2,646 | -€34,830 | -92.9% |
| Amounts payable within one year | 42/48 | €35,249 | €363 | -€34,885 | -99.0% |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €8,429 | €0 | -€8,429 | -100.0% |
| Taxes | 450/3 | €8,429 | €0 | -€8,429 | -100.0% |
| Other amounts payable | 47/48 | €26,820 | €0 | -€26,820 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,227 | €2,282 | +€55 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,121 | €6,455 | -€667 | -9.4% |
| Other operating charges | 640/8 | €14,742 | €15,205 | +€463 | +3.1% |
| Gross operating margin | 9900 | €39,590 | €37,397 | -€2,193 | -5.5% |
| Operating profit (loss) | 9901 | €17,727 | €15,738 | -€1,989 | -11.2% |
| Financial charges | 65/66B | €438 | €372 | -€66 | -15.1% |
| Recurring financial charges | 65 | €438 | €372 | -€66 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €17,288 | €15,366 | -€1,922 | -11.1% |
| Income taxes | 67/77 | €4,855 | €3,986 | -€869 | -17.9% |
| Profit (loss) for the period | 9904 | €12,433 | €11,380 | -€1,053 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,433 | €11,380 | -€1,053 | -8.5% |
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 4 October 2026 via checked.be.