IMMO RG: 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 RG
Largest movements
- Receivables after one year +€112,139
new in 2025: €112,139
- Receivables within one year -€70,118
down €70,118 (-35.8%), from €195,889 to €125,771
of which Other amounts receivable: -€70,118
- Tangible fixed assets -€40,384
down €40,384 (-3.2%), from €1.2m to €1.2m
of which Land and buildings: -€40,948
- Other debts +€92,605
up €92,605 (+27.1%), from €341,826 to €434,431
- Debts after one year -€39,586
down €39,586 (-4.4%), from €899,767 to €860,181
- Trade debts -€24,874
down €24,874 (-69.2%), from €35,947 to €11,073
- Financial charges -€24,124
down €24,124 (-48.6%), from €49,667 to €25,543
- Gross operating margin +€12,813
up €12,813 (+17.4%), from €73,729 to €86,542
- Taxes +€6,750
up €6,750, from €0 to €6,750
- Depreciation +€2,691
up €2,691 (+6.2%), from €43,710 to €46,401
- Other operating charges +€1,065
up €1,065 (+28.4%), from €3,746 to €4,811
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 | €1,514,853 | €1,540,618 | +€25,765 | +1.7% |
| Fixed assets | 21/28 | €1,246,925 | €1,206,541 | -€40,384 | -3.2% |
| Tangible fixed assets | 22/27 | €1,246,925 | €1,206,541 | -€40,384 | -3.2% |
| Land and buildings | 22 | €1,204,924 | €1,163,976 | -€40,948 | -3.4% |
| Plant, machinery and equipment | 23 | €2,941 | €2,497 | -€444 | -15.1% |
| Furniture and vehicles | 24 | €39,061 | €40,068 | +€1,008 | +2.6% |
| Current assets | 29/58 | €267,929 | €334,077 | +€66,149 | +24.7% |
| Amounts receivable after more than one year | 29 | - | €112,139 | +€112,139 | |
| Other amounts receivable | 291 | - | €112,139 | +€112,139 | |
| Amounts receivable within one year | 40/41 | €195,889 | €125,771 | -€70,118 | -35.8% |
| Trade receivables | 40 | €45,771 | €45,771 | = | 0.0% |
| Other amounts receivable | 41 | €150,118 | €80,000 | -€70,118 | -46.7% |
| Cash at bank and in hand | 54/58 | €2,316 | €11,352 | +€9,036 | +390.2% |
| Deferred charges and accrued income | 490/1 | €69,724 | €84,816 | +€15,093 | +21.6% |
| Total equity and liabilities | 10/49 | €1,514,853 | €1,540,618 | +€25,765 | +1.7% |
| Equity | 10/15 | €167,240 | €175,555 | +€8,315 | +5.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,240 | €125,555 | +€8,315 | +7.1% |
| Amounts payable | 17/49 | €1,347,614 | €1,365,063 | +€17,450 | +1.3% |
| Amounts payable after more than one year | 17 | €899,767 | €860,181 | -€39,586 | -4.4% |
| Financial debts | 170/4 | €899,767 | €860,181 | -€39,586 | -4.4% |
| Amounts payable within one year | 42/48 | €446,647 | €504,882 | +€58,236 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €39,402 | €39,586 | +€184 | +0.5% |
| Trade debts | 44 | €35,947 | €11,073 | -€24,874 | -69.2% |
| Suppliers | 440/4 | €35,947 | €11,073 | -€24,874 | -69.2% |
| Advances received on contracts in progress | 46 | €5,400 | €5,400 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,071 | €14,392 | -€9,679 | -40.2% |
| Taxes | 450/3 | €24,071 | €14,392 | -€9,679 | -40.2% |
| Other amounts payable | 47/48 | €341,826 | €434,431 | +€92,605 | +27.1% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,710 | €46,401 | +€2,691 | +6.2% |
| Other operating charges | 640/8 | €3,746 | €4,811 | +€1,065 | +28.4% |
| Gross operating margin | 9900 | €73,729 | €86,542 | +€12,813 | +17.4% |
| Operating profit (loss) | 9901 | €26,273 | €35,329 | +€9,057 | +34.5% |
| Financial income | 75/76B | €4,892 | €5,279 | +€387 | +7.9% |
| Recurring financial income | 75 | €4,892 | €5,279 | +€387 | +7.9% |
| Financial charges | 65/66B | €49,667 | €25,543 | -€24,124 | -48.6% |
| Recurring financial charges | 65 | €49,667 | €25,543 | -€24,124 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,502 | €15,065 | +€33,567 | |
| Income taxes | 67/77 | €0 | €6,750 | +€6,750 | |
| Profit (loss) for the period | 9904 | -€18,502 | €8,315 | +€26,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,502 | €8,315 | +€26,817 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.