IMMO RIWICO: 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 RIWICO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,301
2024 · -€6,362+€12,663
Equity
€4.0m
2024 · €4.0m+€6,301
Cash
€128,199
2024 · €83,051+€45,148
Balance sheet total
€6.6m
2024 · €6.7m-€114,743
Largest movements
Assets
- Tangible fixed assets -€161,845
down €161,845 (-2.4%), from €6.7m to €6.5m
Equity and liabilities
- Debts after one year -€95,116
down €95,116 (-6.0%), from €1.6m to €1.5m
of which Financial debts: -€95,116
- Profit (loss) carried forward +€70,785
up €70,785 (+84.3%), from €84,004 to €154,789
Income statement
- Depreciation +€5,153
up €5,153 (+2.5%), from €203,762 to €208,915
- Taxes -€4,305
down €4,305 (-13.6%), from €31,730 to €27,425
- Gross operating margin -€3,462
down €3,462 (-1.5%), from €237,508 to €234,046
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
-€6,362
Gross operating margin
-€3,462
Depreciation
-€5,153
Other operating charges
-€1,999
Financial charges
-€488
Taxes
+€4,305
Deferred taxes and other
+€19,460
Result 2025
€6,301
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
+€183,210
Investment
-€47,070
Financing
-€90,992
Cash 2024
€83,051
From operations (derived)
+€183,210
Net result for the year
+€6,301
Depreciation
+€208,915
Deferred charges and accrued income
-€1,953
Provisions
-€55,656
Trade debts
+€618
Tax, wage and social debts
+€24,995
Other debts
+€2,476
Accrued charges and deferred income
-€2,484
Investment (derived)
-€47,070
Investment in fixed assets (net)
-€47,070
Financing
-€90,992
Debts after one year
-€95,116
Current portion of long-term debt
+€4,124
Cash 2025
€128,199
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,743,580 | €6,628,837 | -€114,743 | -1.7% |
| Fixed assets | 21/28 | €6,657,083 | €6,495,238 | -€161,845 | -2.4% |
| Tangible fixed assets | 22/27 | €6,657,083 | €6,495,238 | -€161,845 | -2.4% |
| Land and buildings | 22 | €6,657,083 | €6,495,238 | -€161,845 | -2.4% |
| Current assets | 29/58 | €86,497 | €133,599 | +€47,102 | +54.5% |
| Amounts receivable within one year | 40/41 | €1,815 | €1,815 | = | 0.0% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,051 | €128,199 | +€45,148 | +54.4% |
| Deferred charges and accrued income | 490/1 | €1,631 | €3,585 | +€1,953 | +120% |
| Total equity and liabilities | 10/49 | €6,743,580 | €6,628,837 | -€114,743 | -1.7% |
| Equity | 10/15 | €3,996,400 | €4,002,701 | +€6,301 | +0.2% |
| Contributions | 10/11 | €2,113,612 | €2,113,612 | = | 0.0% |
| Capital | 10 | €814,327 | €814,327 | = | 0.0% |
| Issued capital | 100 | €814,327 | €814,327 | = | 0.0% |
| Contributions outside capital | 11 | €1,299,284 | €1,299,284 | = | 0.0% |
| Share premium | 1100/10 | €1,299,284 | €1,299,284 | = | 0.0% |
| Reserves | 13 | €1,798,784 | €1,734,300 | -€64,484 | -3.6% |
| Non-distributable reserves | 130/1 | €6,177 | €9,902 | +€3,726 | +60.3% |
| Legal reserve | 130 | €6,177 | €9,902 | +€3,726 | +60.3% |
| Tax-exempt reserves | 132 | €1,792,607 | €1,724,398 | -€68,210 | -3.8% |
| Profit (loss) carried forward | 14 | €84,004 | €154,789 | +€70,785 | +84.3% |
| Provisions and deferred taxes | 16 | €721,454 | €665,798 | -€55,656 | -7.7% |
| Deferred taxes | 168 | €721,454 | €665,798 | -€55,656 | -7.7% |
| Amounts payable | 17/49 | €2,025,726 | €1,960,338 | -€65,388 | -3.2% |
| Amounts payable after more than one year | 17 | €1,597,992 | €1,502,876 | -€95,116 | -6.0% |
| Financial debts | 170/4 | €1,047,747 | €952,631 | -€95,116 | -9.1% |
| Trade debts | 175 | €550,245 | €550,245 | = | 0.0% |
| Amounts payable within one year | 42/48 | €420,567 | €452,779 | +€32,213 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €95,285 | €99,409 | +€4,124 | +4.3% |
| Trade debts | 44 | €4,228 | €4,845 | +€618 | +14.6% |
| Suppliers | 440/4 | €4,228 | €4,845 | +€618 | +14.6% |
| Taxes, remuneration and social security | 45 | €31,730 | €56,725 | +€24,995 | +78.8% |
| Taxes | 450/3 | €31,730 | €56,725 | +€24,995 | +78.8% |
| Other amounts payable | 47/48 | €289,324 | €291,800 | +€2,476 | +0.9% |
| Accrued charges and deferred income | 492/3 | €7,167 | €4,683 | -€2,484 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,762 | €208,915 | +€5,153 | +2.5% |
| Other operating charges | 640/8 | €18,053 | €20,052 | +€1,999 | +11.1% |
| Gross operating margin | 9900 | €237,508 | €234,046 | -€3,462 | -1.5% |
| Operating profit (loss) | 9901 | €15,693 | €5,079 | -€10,614 | -67.6% |
| Financial charges | 65/66B | €26,521 | €27,009 | +€488 | +1.8% |
| Recurring financial charges | 65 | €26,521 | €27,009 | +€488 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,828 | -€21,930 | -€11,102 | -103% |
| Transfer from deferred taxes | 780 | €36,196 | €55,656 | +€19,460 | +53.8% |
| Income taxes | 67/77 | €31,730 | €27,425 | -€4,305 | -13.6% |
| Profit (loss) for the period | 9904 | -€6,362 | €6,301 | +€12,663 | |
| Transfer from tax-exempt reserves | 789 | €91,072 | €68,210 | -€22,862 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,710 | €74,511 | -€10,199 | -12.0% |
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 15 October 2026 via checked.be.