IMMO - RENAAT: 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 - RENAAT
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+456%), from €344,101 to €1.9m
- Deferred charges and accrued income +€30,000
up €30,000 (+429%), from €7,000 to €37,000
- Cash -€23,244
down €23,244 (-80.0%), from €29,043 to €5,799
mainly Investment in fixed assets (net) (-€1.6m) and Deferred charges and accrued income (-€30,000)
- Revaluation surpluses +€1.6m
new in 2025: €1.6m
- Gross operating margin -€6,463
down €6,463 (-47.9%), from €13,498 to €7,035
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 | €380,190 | €1,958,137 | +€1.6m | +415% |
| Fixed assets | 21/28 | €344,101 | €1,914,142 | +€1.6m | +456% |
| Tangible fixed assets | 22/27 | €344,101 | €1,914,142 | +€1.6m | +456% |
| Land and buildings | 22 | €344,101 | €1,914,142 | +€1.6m | +456% |
| Current assets | 29/58 | €36,088 | €43,995 | +€7,906 | +21.9% |
| Amounts receivable within one year | 40/41 | €45 | €1,195 | +€1,150 | +2,553% |
| Other amounts receivable | 41 | €45 | €1,195 | +€1,150 | +2,553% |
| Cash at bank and in hand | 54/58 | €29,043 | €5,799 | -€23,244 | -80.0% |
| Deferred charges and accrued income | 490/1 | €7,000 | €37,000 | +€30,000 | +429% |
| Total equity and liabilities | 10/49 | €380,190 | €1,958,137 | +€1.6m | +415% |
| Equity | 10/15 | €75,353 | €1,651,155 | +€1.6m | +2,091% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,575,000 | +€1.6m | |
| Reserves | 13 | €13,353 | €14,155 | +€801 | +6.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,153 | €7,955 | +€801 | +11.2% |
| Amounts payable | 17/49 | €304,836 | €306,982 | +€2,146 | +0.7% |
| Amounts payable within one year | 42/48 | €304,836 | €306,982 | +€2,146 | +0.7% |
| Trade debts | 44 | €560 | €99 | -€461 | -82.3% |
| Suppliers | 440/4 | €560 | €99 | -€461 | -82.3% |
| Other amounts payable | 47/48 | €304,276 | €306,883 | +€2,607 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,959 | €4,959 | = | 0.0% |
| Other operating charges | 640/8 | €949 | €980 | +€30 | +3.2% |
| Gross operating margin | 9900 | €13,498 | €7,035 | -€6,463 | -47.9% |
| Operating profit (loss) | 9901 | €7,590 | €1,096 | -€6,493 | -85.6% |
| Financial charges | 65/66B | €252 | €295 | +€43 | +17.3% |
| Recurring financial charges | 65 | €252 | €295 | +€43 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €7,338 | €801 | -€6,537 | -89.1% |
| Profit (loss) for the period | 9904 | €7,338 | €801 | -€6,537 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,338 | €801 | -€6,537 | -89.1% |
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 14 October 2026 via checked.be.