IMMO REKO: 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.
What changed
IMMO REKO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,788
2024 · €30,930-€1,142
Equity
€200,539
2024 · €214,716-€14,177
Cash
€12,331
2024 · €13,828-€1,497
Balance sheet total
€216,182
2024 · €229,117-€12,935
Largest movements
Assets
- Receivables within one year -€10,960
down €10,960 (-10.1%), from €108,726 to €97,766
of which Other amounts receivable: -€11,455
Equity and liabilities
- Reserves -€14,177
down €14,177 (-9.3%), from €153,216 to €139,039
of which Distributable reserves: -€12,343
Income statement
- Gross operating margin -€2,062
down €2,062 (-4.6%), from €45,141 to €43,079
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.
Result 2024
€30,930
Gross operating margin
-€2,062
Other operating charges
+€250
Financial income
+€343
Financial charges
+€44
Taxes
+€283
Result 2025
€29,788
raises the resultlowers the result
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.
From operations
+€42,481
Investment
€0
Financing
-€43,979
Cash 2024
€13,828
From operations (derived)
+€42,481
Net result for the year
+€29,788
Depreciation
+€917
Receivables within one year
+€10,960
Deferred charges and accrued income
-€440
Smaller working-capital items
-€82
Tax, wage and social debts
+€1,338
Financing
-€43,979
Short-term financial debts
-€14
Contributions, distributions and other
-€43,965
Cash 2025
€12,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,117 | €216,182 | -€12,935 | -5.6% |
| Fixed assets | 21/28 | €50,878 | €49,961 | -€917 | -1.8% |
| Tangible fixed assets | 22/27 | €50,878 | €49,961 | -€917 | -1.8% |
| Land and buildings | 22 | €50,570 | €49,961 | -€608 | -1.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €308 | €0 | -€308 | -100% |
| Current assets | 29/58 | €178,238 | €166,221 | -€12,018 | -6.7% |
| Amounts receivable within one year | 40/41 | €108,726 | €97,766 | -€10,960 | -10.1% |
| Trade receivables | 40 | - | €495 | +€495 | |
| Other amounts receivable | 41 | €108,726 | €97,271 | -€11,455 | -10.5% |
| Current investments | 50/53 | €53,645 | €53,645 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,828 | €12,331 | -€1,497 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,039 | €2,479 | +€440 | +21.6% |
| Total equity and liabilities | 10/49 | €229,117 | €216,182 | -€12,935 | -5.6% |
| Equity | 10/15 | €214,716 | €200,539 | -€14,177 | -6.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €153,216 | €139,039 | -€14,177 | -9.3% |
| Non-distributable reserves | 130/1 | €11,500 | €9,666 | -€1,834 | -15.9% |
| Legal reserve | 130 | €11,439 | €9,605 | -€1,834 | -16.0% |
| Other | 1319 | €61 | €61 | = | 0.0% |
| Tax-exempt reserves | 132 | €448 | €448 | = | 0.0% |
| Distributable reserves | 133 | €141,268 | €128,925 | -€12,343 | -8.7% |
| Amounts payable | 17/49 | €14,401 | €15,643 | +€1,242 | +8.6% |
| Amounts payable within one year | 42/48 | €12,272 | €13,512 | +€1,241 | +10.1% |
| Financial debts | 43 | €2,873 | €2,860 | -€14 | -0.5% |
| Credit institutions | 430/8 | €2,873 | €2,860 | -€14 | -0.5% |
| Trade debts | 44 | €83 | - | -€83 | |
| Suppliers | 440/4 | €83 | - | -€83 | |
| Taxes, remuneration and social security | 45 | €9,315 | €10,653 | +€1,338 | +14.4% |
| Taxes | 450/3 | €9,315 | €10,653 | +€1,338 | +14.4% |
| Accrued charges and deferred income | 492/3 | €2,129 | €2,131 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €917 | = | 0.0% |
| Other operating charges | 640/8 | €4,737 | €4,487 | -€250 | -5.3% |
| Gross operating margin | 9900 | €45,141 | €43,079 | -€2,062 | -4.6% |
| Operating profit (loss) | 9901 | €39,487 | €37,674 | -€1,812 | -4.6% |
| Financial income | 75/76B | €5,884 | €6,227 | +€343 | +5.8% |
| Recurring financial income | 75 | €5,884 | €6,227 | +€343 | +5.8% |
| Financial charges | 65/66B | €256 | €213 | -€44 | -17.1% |
| Recurring financial charges | 65 | €256 | €213 | -€44 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €45,114 | €43,689 | -€1,425 | -3.2% |
| Income taxes | 67/77 | €14,184 | €13,901 | -€283 | -2.0% |
| Profit (loss) for the period | 9904 | €30,930 | €29,788 | -€1,142 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,930 | €29,788 | -€1,142 | -3.7% |
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 14 October 2026 via checked.be.