IMMO RITTWEGER: what changed
IMMO RITTWEGER
Largest movements
- Tangible fixed assets +€577,888
up €577,888 (+99.4%), from €581,298 to €1.2m
of which Land and buildings: +€588,568
- Deferred charges and accrued income +€78,364
up €78,364 (+156%), from €50,386 to €128,750
- Cash -€30,566
down €30,566 (-3.5%), from €885,200 to €854,634
mainly Investment in fixed assets (net) (-€684,893) and Deferred charges and accrued income (-€78,364)
- Receivables within one year -€26,758
down €26,758 (-8.6%), from €309,764 to €283,006
of which Other amounts receivable: -€27,082
- Debts after one year +€461,764
up €461,764 (+1,427%), from €32,364 to €494,128
- Other debts +€115,397
up €115,397 (+32.6%), from €354,395 to €469,792
- Current portion of long-term debt +€58,193
up €58,193 (+674%), from €8,630 to €66,823
- Tax, wage and social debts -€44,017
down €44,017 (-97.3%), from €45,237 to €1,220
of which Taxes: -€43,995
- Gross operating margin +€39,601
up €39,601 (+14.7%), from €269,871 to €309,472
- Depreciation +€29,085
up €29,085 (+37.3%), from €77,920 to €107,004
- Other operating charges +€14,688
up €14,688 (+37.0%), from €39,682 to €54,371
- Financial charges +€10,208
up €10,208 (+162%), from €6,289 to €16,497
- Taxes -€5,429
down €5,429 (-16.6%), from €32,633 to €27,204
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,826,648 | €2,425,577 | +€598,929 | +32.8% |
| Fixed assets | 21/28 | €581,298 | €1,159,187 | +€577,888 | +99.4% |
| Tangible fixed assets | 22/27 | €581,298 | €1,159,187 | +€577,888 | +99.4% |
| Land and buildings | 22 | €531,759 | €1,120,327 | +€588,568 | +111% |
| Furniture and vehicles | 24 | €49,539 | €38,859 | -€10,680 | -21.6% |
| Current assets | 29/58 | €1,245,350 | €1,266,390 | +€21,040 | +1.7% |
| Amounts receivable within one year | 40/41 | €309,764 | €283,006 | -€26,758 | -8.6% |
| Trade receivables | 40 | €269 | €594 | +€324 | +120% |
| Other amounts receivable | 41 | €309,494 | €282,412 | -€27,082 | -8.8% |
| Cash at bank and in hand | 54/58 | €885,200 | €854,634 | -€30,566 | -3.5% |
| Deferred charges and accrued income | 490/1 | €50,386 | €128,750 | +€78,364 | +156% |
| Total equity and liabilities | 10/49 | €1,826,648 | €2,425,577 | +€598,929 | +32.8% |
| Equity | 10/15 | €1,364,848 | €1,366,694 | +€1,846 | +0.1% |
| Contributions | 10/11 | €1,230,000 | €1,230,000 | = | 0.0% |
| Capital | 10 | €1,230,000 | €1,230,000 | = | 0.0% |
| Issued capital | 100 | €1,230,000 | €1,230,000 | = | 0.0% |
| Reserves | 13 | €134,848 | €136,694 | +€1,846 | +1.4% |
| Non-distributable reserves | 130/1 | €123,000 | €123,000 | = | 0.0% |
| Legal reserve | 130 | €123,000 | €123,000 | = | 0.0% |
| Distributable reserves | 133 | €11,848 | €13,694 | +€1,846 | +15.6% |
| Amounts payable | 17/49 | €461,801 | €1,058,883 | +€597,083 | +129% |
| Amounts payable after more than one year | 17 | €32,364 | €494,128 | +€461,764 | +1,427% |
| Financial debts | 170/4 | €32,364 | €494,128 | +€461,764 | +1,427% |
| Amounts payable within one year | 42/48 | €424,558 | €560,840 | +€136,282 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €8,630 | €66,823 | +€58,193 | +674% |
| Financial debts | 43 | €10,207 | €11,852 | +€1,645 | +16.1% |
| Other loans | 439 | €10,207 | €11,852 | +€1,645 | +16.1% |
| Trade debts | 44 | €6,088 | €11,151 | +€5,063 | +83.2% |
| Suppliers | 440/4 | €6,088 | €11,151 | +€5,063 | +83.2% |
| Taxes, remuneration and social security | 45 | €45,237 | €1,220 | -€44,017 | -97.3% |
| Taxes | 450/3 | €44,819 | €824 | -€43,995 | -98.2% |
| Remuneration and social security | 454/9 | €418 | €396 | -€22 | -5.2% |
| Other amounts payable | 47/48 | €354,395 | €469,792 | +€115,397 | +32.6% |
| Accrued charges and deferred income | 492/3 | €4,879 | €3,915 | -€964 | -19.8% |
| Remuneration, social security and pensions | 62 | €28,246 | €32,557 | +€4,310 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,920 | €107,004 | +€29,085 | +37.3% |
| Other operating charges | 640/8 | €39,682 | €54,371 | +€14,688 | +37.0% |
| Gross operating margin | 9900 | €269,871 | €309,472 | +€39,601 | +14.7% |
| Operating profit (loss) | 9901 | €124,022 | €115,541 | -€8,482 | -6.8% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €6,289 | €16,497 | +€10,208 | +162% |
| Recurring financial charges | 65 | €6,289 | €16,497 | +€10,208 | +162% |
| Profit (loss) for the period before taxes | 9903 | €117,734 | €99,050 | -€18,683 | -15.9% |
| Income taxes | 67/77 | €32,633 | €27,204 | -€5,429 | -16.6% |
| Profit (loss) for the period | 9904 | €85,101 | €71,846 | -€13,255 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,101 | €71,846 | -€13,255 | -15.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.