IMMO RLS: 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 RLS
Largest movements
- Cash +€11,591
up €11,591 (+31.3%), from €37,078 to €48,669
mainly Depreciation (+€26,478) and Net result for the year (+€8,444)
- Tangible fixed assets -€10,633
down €10,633 (-2.4%), from €449,742 to €439,109
of which Land and buildings: -€14,351
- Debts after one year -€19,683
down €19,683 (-4.5%), from €434,481 to €414,798
of which Financial debts: -€19,683
- Profit (loss) carried forward +€8,444
up €8,444 (+63.5%), from €13,294 to €21,739
- Trade debts +€5,765
up €5,765 (+167.7%), from €3,437 to €9,202
No income-statement line moved by more than 1% of the activity.
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 | €493,038 | €491,692 | -€1,346 | -0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €449,742 | €439,109 | -€10,633 | -2.4% |
| Tangible fixed assets | 22/27 | €449,742 | €439,109 | -€10,633 | -2.4% |
| Land and buildings | 22 | €357,321 | €342,970 | -€14,351 | -4.0% |
| Plant, machinery and equipment | 23 | €92,422 | €96,140 | +€3,718 | +4.0% |
| Current assets | 29/58 | €43,296 | €52,583 | +€9,287 | +21.5% |
| Amounts receivable within one year | 40/41 | €5,925 | €2,984 | -€2,942 | -49.6% |
| Trade receivables | 40 | €635 | - | -€635 | |
| Other amounts receivable | 41 | €5,291 | €2,984 | -€2,307 | -43.6% |
| Cash at bank and in hand | 54/58 | €37,078 | €48,669 | +€11,591 | +31.3% |
| Deferred charges and accrued income | 490/1 | €292 | €930 | +€638 | +218.6% |
| Total equity and liabilities | 10/49 | €493,038 | €491,692 | -€1,346 | -0.3% |
| Equity | 10/15 | €31,894 | €40,339 | +€8,444 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,294 | €21,739 | +€8,444 | +63.5% |
| Amounts payable | 17/49 | €461,143 | €451,354 | -€9,790 | -2.1% |
| Amounts payable after more than one year | 17 | €434,481 | €414,798 | -€19,683 | -4.5% |
| Financial debts | 170/4 | €184,481 | €164,798 | -€19,683 | -10.7% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,663 | €35,270 | +€8,607 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €19,342 | €19,683 | +€341 | +1.8% |
| Trade debts | 44 | €3,437 | €9,202 | +€5,765 | +167.7% |
| Suppliers | 440/4 | €3,437 | €9,202 | +€5,765 | +167.7% |
| Other amounts payable | 47/48 | €3,883 | €6,384 | +€2,501 | +64.4% |
| Accrued charges and deferred income | 492/3 | - | €1,287 | +€1,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,770 | €26,478 | -€292 | -1.1% |
| Other operating charges | 640/8 | €4,696 | €4,843 | +€148 | +3.1% |
| Gross operating margin | 9900 | €46,487 | €46,193 | -€294 | -0.6% |
| Operating profit (loss) | 9901 | €15,021 | €14,872 | -€150 | -1.0% |
| Financial charges | 65/66B | €3,960 | €3,613 | -€347 | -8.8% |
| Recurring financial charges | 65 | €3,960 | €3,613 | -€347 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €11,061 | €11,259 | +€198 | +1.8% |
| Income taxes | 67/77 | €2,765 | €2,815 | +€49 | +1.8% |
| Profit (loss) for the period | 9904 | €8,296 | €8,444 | +€148 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,296 | €8,444 | +€148 | +1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.