IMMO - RENO: 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 - RENO
Largest movements
- Receivables within one year +€147,026
up €147,026 (+61.3%), from €240,000 to €387,026
of which Trade receivables: +€147,026
- Cash -€42,501
down €42,501 (-48.9%), from €86,985 to €44,484
mainly Receivables within one year (-€147,026) and Tax, wage and social debts (-€47)
- Tangible fixed assets -€25,033
down €25,033 (-3.5%), from €718,588 to €693,556
- Profit (loss) carried forward +€40,115
up €40,115 (+8.3%), from €481,952 to €522,068
- Trade debts +€39,424
up €39,424 (+588.2%), from €6,702 to €46,126
- Gross operating margin +€30,499
up €30,499 (+27.2%), from €112,193 to €142,692
- Taxes +€6,953
up €6,953 (+100.5%), from €6,919 to €13,871
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 | €1,045,573 | €1,125,066 | +€79,492 | +7.6% |
| Fixed assets | 21/28 | €718,588 | €693,556 | -€25,033 | -3.5% |
| Tangible fixed assets | 22/27 | €718,588 | €693,556 | -€25,033 | -3.5% |
| Land and buildings | 22 | €718,588 | €693,556 | -€25,033 | -3.5% |
| Current assets | 29/58 | €326,985 | €431,510 | +€104,525 | +32.0% |
| Amounts receivable within one year | 40/41 | €240,000 | €387,026 | +€147,026 | +61.3% |
| Trade receivables | 40 | €0 | €147,026 | +€147,026 | |
| Other amounts receivable | 41 | €240,000 | €240,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,985 | €44,484 | -€42,501 | -48.9% |
| Total equity and liabilities | 10/49 | €1,045,573 | €1,125,066 | +€79,492 | +7.6% |
| Equity | 10/15 | €1,031,952 | €1,072,068 | +€40,115 | +3.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,952 | €522,068 | +€40,115 | +8.3% |
| Amounts payable | 17/49 | €13,621 | €52,998 | +€39,377 | +289.1% |
| Amounts payable within one year | 42/48 | €13,621 | €52,998 | +€39,377 | +289.1% |
| Trade debts | 44 | €6,702 | €46,126 | +€39,424 | +588.2% |
| Suppliers | 440/4 | €6,702 | €46,126 | +€39,424 | +588.2% |
| Taxes, remuneration and social security | 45 | €6,919 | €6,871 | -€47 | -0.7% |
| Taxes | 450/3 | €6,919 | €6,871 | -€47 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,835 | €25,033 | +€1,197 | +5.0% |
| Other operating charges | 640/8 | €62,366 | €63,594 | +€1,228 | +2.0% |
| Gross operating margin | 9900 | €112,193 | €142,692 | +€30,499 | +27.2% |
| Operating profit (loss) | 9901 | €25,992 | €54,066 | +€28,074 | +108.0% |
| Financial charges | 65/66B | €67 | €79 | +€12 | +17.3% |
| Recurring financial charges | 65 | €67 | €79 | +€12 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €25,924 | €53,987 | +€28,062 | +108.2% |
| Income taxes | 67/77 | €6,919 | €13,871 | +€6,953 | +100.5% |
| Profit (loss) for the period | 9904 | €19,006 | €40,115 | +€21,110 | +111.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,006 | €40,115 | +€21,110 | +111.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.