IMMO RI - DES: 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 RI - DES
Largest movements
- Tangible fixed assets +€95,152
up €95,152 (+2.9%), from €3.3m to €3.4m
of which Land and buildings: +€96,704
- Cash -€42,825
down €42,825 (-61.3%), from €69,856 to €27,031
mainly Debts after one year (-€283,188) and Investment in fixed assets (net) (-€206,555)
- Debts after one year -€283,188
down €283,188 (-10.2%), from €2.8m to €2.5m
- Trade debts +€207,456
up €207,456 (+425%), from €48,779 to €256,236
- Profit (loss) carried forward +€128,660
up €128,660 (+34.7%), from -€371,179 to -€242,518
- Gross operating margin +€69,319
up €69,319 (+23.9%), from €289,995 to €359,314
- Depreciation -€41,774
down €41,774 (-27.3%), from €153,177 to €111,403
- Financial charges +€11,416
up €11,416 (+11.9%), from €96,148 to €107,564
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 | €3,862,883 | €3,922,092 | +€59,209 | +1.5% |
| Fixed assets | 21/28 | €3,267,475 | €3,362,627 | +€95,152 | +2.9% |
| Tangible fixed assets | 22/27 | €3,267,475 | €3,362,627 | +€95,152 | +2.9% |
| Land and buildings | 22 | €3,223,918 | €3,320,621 | +€96,704 | +3.0% |
| Plant, machinery and equipment | 23 | €3,047 | €2,336 | -€711 | -23.3% |
| Furniture and vehicles | 24 | €40,510 | €39,670 | -€840 | -2.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €595,409 | €559,465 | -€35,943 | -6.0% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €268,808 | €275,553 | +€6,744 | +2.5% |
| Other amounts receivable | 41 | €268,808 | €275,553 | +€6,744 | +2.5% |
| Cash at bank and in hand | 54/58 | €69,856 | €27,031 | -€42,825 | -61.3% |
| Deferred charges and accrued income | 490/1 | €6,744 | €6,882 | +€137 | +2.0% |
| Total equity and liabilities | 10/49 | €3,862,883 | €3,922,092 | +€59,209 | +1.5% |
| Equity | 10/15 | €735,678 | €864,338 | +€128,660 | +17.5% |
| Contributions | 10/11 | €356,000 | €356,000 | = | 0.0% |
| Capital | 10 | €356,000 | €356,000 | = | 0.0% |
| Issued capital | 100 | €356,000 | €356,000 | = | 0.0% |
| Revaluation surpluses | 12 | €716,847 | €716,847 | = | 0.0% |
| Reserves | 13 | €34,010 | €34,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,981 | €7,981 | = | 0.0% |
| Legal reserve | 130 | €7,981 | €7,981 | = | 0.0% |
| Distributable reserves | 133 | €26,029 | €26,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,179 | -€242,518 | +€128,660 | +34.7% |
| Amounts payable | 17/49 | €3,127,205 | €3,057,754 | -€69,451 | -2.2% |
| Amounts payable after more than one year | 17 | €2,781,618 | €2,498,430 | -€283,188 | -10.2% |
| Financial debts | 170/4 | €2,781,618 | €2,498,430 | -€283,188 | -10.2% |
| Amounts payable within one year | 42/48 | €345,587 | €559,324 | +€213,737 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €276,907 | €283,188 | +€6,280 | +2.3% |
| Trade debts | 44 | €48,779 | €256,236 | +€207,456 | +425% |
| Suppliers | 440/4 | €48,779 | €256,236 | +€207,456 | +425% |
| Advances received on contracts in progress | 46 | €19,900 | €19,900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,177 | €111,403 | -€41,774 | -27.3% |
| Other operating charges | 640/8 | €17,896 | €18,569 | +€674 | +3.8% |
| Gross operating margin | 9900 | €289,995 | €359,314 | +€69,319 | +23.9% |
| Operating profit (loss) | 9901 | €118,922 | €229,342 | +€110,420 | +92.9% |
| Financial income | 75/76B | €6,744 | €6,882 | +€137 | +2.0% |
| Recurring financial income | 75 | €6,744 | €6,882 | +€137 | +2.0% |
| Financial charges | 65/66B | €96,148 | €107,564 | +€11,416 | +11.9% |
| Recurring financial charges | 65 | €96,148 | €107,564 | +€11,416 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €29,519 | €128,660 | +€99,142 | +336% |
| Profit (loss) for the period | 9904 | €29,519 | €128,660 | +€99,142 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €29,519 | €128,660 | +€99,142 | +336% |
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 22 October 2026 via checked.be.