IMMO RHODE: 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 RHODE
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€100,658
2024 · €10.1m-€10.0m
Equity
€2.1m
2024 · €2.0m+€100,658
Cash
€232,212
2024 · €194,073+€38,139
Balance sheet total
€5.7m
2024 · €6.1m-€313,855
Largest movements
Assets
- Current investments -€2.1m
no longer reported in 2025 (was €2.1m)
- Receivables after one year +€2.0m
new in 2025: €2.0m
- Tangible fixed assets -€187,995
down €187,995 (-5.1%), from €3.7m to €3.5m
of which Land and buildings: -€222,283
Equity and liabilities
- Debts after one year -€400,000
down €400,000 (-11.4%), from €3.5m to €3.1m
- Reserves +€92,602
up €92,602 (+248%), from €37,398 to €130,000
Income statement
- Financial income -€10.3m
down €10.3m (-99.2%), from €10.4m to €81,879
- Services and other goods -€229,993
down €229,993 (-70.8%), from €324,737 to €94,744
- Turnover +€26,106
up €26,106 (+5.6%), from €465,277 to €491,383
- Financial charges -€16,936
down €16,936 (-20.8%), from €81,512 to €64,576
- Taxes -€16,855
down €16,855 (-65.7%), from €25,669 to €8,814
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
€10.1m
Turnover
+€26,106
Other operating income
+€3,035
Services and other goods
+€229,993
Depreciation
-€4,494
Other operating charges
-€3,845
Other operating items
-€3,539
Financial income
-€10.3m
Financial charges
+€16,936
Taxes
+€16,855
Result 2025
€100,658
raises the resultlowers the resultnot broken down further in the accounts
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
-€1.6m
Investment
+€2.1m
Financing
-€400,000
Cash 2024
€194,073
From operations (derived)
-€1.6m
Net result for the year
+€100,658
Depreciation
+€231,174
Receivables after one year
-€2.0m
Receivables within one year
+€31,045
Deferred charges and accrued income
+€31,854
Trade debts
-€16,676
Tax, wage and social debts
+€6,957
Smaller working-capital items
-€4,793
Investment (derived)
+€2.1m
Investment in fixed assets (net)
-€42,079
Current investments
+€2.1m
Financing
-€400,000
Debts after one year
-€400,000
Cash 2025
€232,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,060,934 | €5,747,079 | -€313,855 | -5.2% |
| Fixed assets | 21/28 | €3,669,443 | €3,480,348 | -€189,095 | -5.2% |
| Tangible fixed assets | 22/27 | €3,668,343 | €3,480,348 | -€187,995 | -5.1% |
| Land and buildings | 22 | €3,620,593 | €3,398,310 | -€222,283 | -6.1% |
| Plant, machinery and equipment | 23 | €47,750 | €82,038 | +€34,288 | +71.8% |
| Financial fixed assets | 28 | €1,100 | - | -€1,100 | |
| Affiliated companies | 280/1 | €1,100 | - | -€1,100 | |
| Participating interests | 280 | €1,100 | - | -€1,100 | |
| Current assets | 29/58 | €2,391,491 | €2,266,731 | -€124,760 | -5.2% |
| Amounts receivable after more than one year | 29 | - | €2,000,000 | +€2.0m | |
| Other amounts receivable | 291 | - | €2,000,000 | +€2.0m | |
| Amounts receivable within one year | 40/41 | €31,045 | €0 | -€31,045 | -100% |
| Trade receivables | 40 | €23,357 | €0 | -€23,357 | -100% |
| Other amounts receivable | 41 | €7,687 | €0 | -€7,687 | -100% |
| Current investments | 50/53 | €2,100,000 | - | -€2.1m | |
| Other investments | 51/53 | €2,100,000 | - | -€2.1m | |
| Cash at bank and in hand | 54/58 | €194,073 | €232,212 | +€38,139 | +19.7% |
| Deferred charges and accrued income | 490/1 | €66,373 | €34,519 | -€31,854 | -48.0% |
| Total equity and liabilities | 10/49 | €6,060,934 | €5,747,079 | -€313,855 | -5.2% |
| Equity | 10/15 | €2,037,398 | €2,138,055 | +€100,658 | +4.9% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Uncalled capital | 101 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €37,398 | €130,000 | +€92,602 | +248% |
| Non-distributable reserves | 130/1 | €37,398 | €130,000 | +€92,602 | +248% |
| Legal reserve | 130 | €37,398 | €130,000 | +€92,602 | +248% |
| Profit (loss) carried forward | 14 | - | €8,055 | +€8,055 | |
| Amounts payable | 17/49 | €4,023,536 | €3,609,024 | -€414,513 | -10.3% |
| Amounts payable after more than one year | 17 | €3,500,000 | €3,100,000 | -€400,000 | -11.4% |
| Financial debts | 170/4 | €3,500,000 | €3,100,000 | -€400,000 | -11.4% |
| Credit institutions | 173 | €3,500,000 | €3,100,000 | -€400,000 | -11.4% |
| Amounts payable within one year | 42/48 | €513,070 | €499,661 | -€13,410 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €94,829 | €78,153 | -€16,676 | -17.6% |
| Suppliers | 440/4 | €94,829 | €78,153 | -€16,676 | -17.6% |
| Taxes, remuneration and social security | 45 | €8,889 | €15,846 | +€6,957 | +78.3% |
| Taxes | 450/3 | €8,889 | €15,846 | +€6,957 | +78.3% |
| Other amounts payable | 47/48 | €9,352 | €5,661 | -€3,690 | -39.5% |
| Accrued charges and deferred income | 492/3 | €10,466 | €9,363 | -€1,103 | -10.5% |
| Operating income | 70/76A | €540,100 | €565,702 | +€25,601 | +4.7% |
| Turnover | 70 | €465,277 | €491,383 | +€26,106 | +5.6% |
| Other operating income | 74 | €71,284 | €74,319 | +€3,035 | +4.3% |
| Non-recurring operating income | 76A | €3,539 | - | -€3,539 | |
| Operating charges | 60/66A | €695,187 | €473,533 | -€221,654 | -31.9% |
| Services and other goods | 61 | €324,737 | €94,744 | -€229,993 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,680 | €231,174 | +€4,494 | +2.0% |
| Other operating charges | 640/8 | €143,770 | €147,615 | +€3,845 | +2.7% |
| Operating profit (loss) | 9901 | -€155,086 | €92,169 | +€247,256 | |
| Financial income | 75/76B | €10,385,983 | €81,879 | -€10.3m | -99.2% |
| Recurring financial income | 75 | €10,385,983 | €81,879 | -€10.3m | -99.2% |
| Income from current assets | 751 | €137,241 | €78,909 | -€58,331 | -42.5% |
| Other financial income | 752/9 | €10,248,743 | €2,970 | -€10.2m | -100.0% |
| Financial charges | 65/66B | €81,512 | €64,576 | -€16,936 | -20.8% |
| Recurring financial charges | 65 | €81,512 | €64,576 | -€16,936 | -20.8% |
| Debt charges | 650 | €80,925 | €62,232 | -€18,693 | -23.1% |
| Other financial charges | 652/9 | €587 | €2,344 | +€1,757 | +300% |
| Profit (loss) for the period before taxes | 9903 | €10,149,386 | €109,472 | -€10.0m | -98.9% |
| Income taxes | 67/77 | €25,669 | €8,814 | -€16,855 | -65.7% |
| Taxes | 670/3 | €25,669 | €34,483 | +€8,814 | +34.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €25,669 | +€25,669 | |
| Profit (loss) for the period | 9904 | €10,123,717 | €100,658 | -€10.0m | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,123,717 | €100,658 | -€10.0m | -99.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.