IMMO REEKMANS: 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 REEKMANS
Largest movements
- Tangible fixed assets -€37,808
down €37,808 (-8.4%), from €451,675 to €413,867
of which Land and buildings: -€34,993
- Cash +€17,511
up €17,511 (+611%), from €2,866 to €20,377
mainly Depreciation (+€37,808) and Current investments (+€5,162)
- Current investments -€5,162
down €5,162 (-61.0%), from €8,457 to €3,295
- Profit (loss) carried forward -€18,461
down €18,461 (-6.5%), from -€284,595 to -€303,056
- Other debts -€7,224
down €7,224 (-1.7%), from €417,461 to €410,237
- Financial income +€32,869
up €32,869 (+2,573%), from €1,277 to €34,147
of which Non-recurring financial income: +€33,589
- Gross operating margin +€6,929
up €6,929 (+39.2%), from -€17,665 to -€10,736
- Financial charges -€2,153
down €2,153 (-93.5%), from €2,302 to €149
- Depreciation -€1,610
down €1,610 (-4.1%), from €39,417 to €37,808
- Other operating charges +€177
up €177 (+4.9%), from €3,649 to €3,826
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 | €463,596 | €437,913 | -€25,683 | -5.5% |
| Fixed assets | 21/28 | €451,675 | €413,867 | -€37,808 | -8.4% |
| Tangible fixed assets | 22/27 | €451,675 | €413,867 | -€37,808 | -8.4% |
| Land and buildings | 22 | €446,340 | €411,347 | -€34,993 | -7.8% |
| Furniture and vehicles | 24 | €5,335 | €2,520 | -€2,815 | -52.8% |
| Current assets | 29/58 | €11,921 | €24,046 | +€12,125 | +102% |
| Amounts receivable within one year | 40/41 | €598 | €374 | -€224 | -37.4% |
| Other amounts receivable | 41 | €598 | €374 | -€224 | -37.4% |
| Current investments | 50/53 | €8,457 | €3,295 | -€5,162 | -61.0% |
| Cash at bank and in hand | 54/58 | €2,866 | €20,377 | +€17,511 | +611% |
| Total equity and liabilities | 10/49 | €463,596 | €437,913 | -€25,683 | -5.5% |
| Equity | 10/15 | €9,025 | -€9,437 | -€18,461 | |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €78,619 | €78,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Legal reserve | 130 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €62,119 | €62,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,595 | -€303,056 | -€18,461 | -6.5% |
| Amounts payable | 17/49 | €454,571 | €447,350 | -€7,222 | -1.6% |
| Amounts payable within one year | 42/48 | €419,051 | €411,830 | -€7,222 | -1.7% |
| Trade debts | 44 | €1,590 | €1,592 | +€2 | +0.2% |
| Suppliers | 440/4 | €1,590 | €1,592 | +€2 | +0.2% |
| Other amounts payable | 47/48 | €417,461 | €410,237 | -€7,224 | -1.7% |
| Accrued charges and deferred income | 492/3 | €35,520 | €35,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,417 | €37,808 | -€1,610 | -4.1% |
| Other operating charges | 640/8 | €3,649 | €3,826 | +€177 | +4.9% |
| Gross operating margin | 9900 | -€17,665 | -€10,736 | +€6,929 | +39.2% |
| Operating profit (loss) | 9901 | -€60,731 | -€52,369 | +€8,362 | +13.8% |
| Financial income | 75/76B | €1,277 | €34,147 | +€32,869 | +2,573% |
| Recurring financial income | 75 | €1,277 | €557 | -€720 | -56.4% |
| Non-recurring financial income | 76B | - | €33,589 | +€33,589 | |
| Financial charges | 65/66B | €2,302 | €149 | -€2,153 | -93.5% |
| Recurring financial charges | 65 | €2,302 | €149 | -€2,153 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | -€61,755 | -€18,371 | +€43,384 | +70.3% |
| Income taxes | 67/77 | €86 | €90 | +€5 | +5.4% |
| Profit (loss) for the period | 9904 | -€61,841 | -€18,461 | +€43,379 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,841 | -€18,461 | +€43,379 | +70.1% |
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 27 October 2026 via checked.be.