Immo Rodel: 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 Rodel
Largest movements
- Tangible fixed assets -€208,079
down €208,079 (-13.1%), from €1.6m to €1.4m
of which Land and buildings: -€172,465
- Receivables within one year -€178,845
down €178,845 (-4.5%), from €3.9m to €3.8m
of which Other amounts receivable: -€172,371
- Debts after one year -€449,196
down €449,196 (-13.2%), from €3.4m to €3.0m
- Reserves +€348,745
up €348,745 (+33.3%), from €1.0m to €1.4m
of which Distributable reserves: +€348,745
- Other debts -€314,088
down €314,088 (-72.9%), from €430,997 to €116,908
- Financial income -€67,548
down €67,548 (-34.4%), from €196,293 to €128,744
- Financial charges -€56,658
down €56,658 (-30.4%), from €186,272 to €129,614
- Gross operating margin -€18,286
down €18,286 (-2.4%), from €755,009 to €736,722
- Staff costs -€17,885
down €17,885 (-63.3%), from €28,234 to €10,349
- Depreciation -€10,215
down €10,215 (-3.8%), from €268,002 to €257,787
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 | €5,627,381 | €5,245,834 | -€381,547 | -6.8% |
| Fixed assets | 21/28 | €1,590,988 | €1,382,908 | -€208,079 | -13.1% |
| Tangible fixed assets | 22/27 | €1,590,988 | €1,382,908 | -€208,079 | -13.1% |
| Land and buildings | 22 | €1,475,426 | €1,302,961 | -€172,465 | -11.7% |
| Plant, machinery and equipment | 23 | €115,140 | €79,812 | -€35,328 | -30.7% |
| Furniture and vehicles | 24 | €421 | €135 | -€286 | -68.0% |
| Current assets | 29/58 | €4,036,394 | €3,862,926 | -€173,468 | -4.3% |
| Amounts receivable within one year | 40/41 | €3,949,372 | €3,770,527 | -€178,845 | -4.5% |
| Trade receivables | 40 | €8,354 | €1,880 | -€6,475 | -77.5% |
| Other amounts receivable | 41 | €3,941,018 | €3,768,647 | -€172,371 | -4.4% |
| Cash at bank and in hand | 54/58 | €78,990 | €85,371 | +€6,381 | +8.1% |
| Deferred charges and accrued income | 490/1 | €8,031 | €7,028 | -€1,004 | -12.5% |
| Total equity and liabilities | 10/49 | €5,627,381 | €5,245,834 | -€381,547 | -6.8% |
| Equity | 10/15 | €1,171,218 | €1,519,962 | +€348,745 | +29.8% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,047,218 | €1,395,962 | +€348,745 | +33.3% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €1,034,818 | €1,383,562 | +€348,745 | +33.7% |
| Amounts payable | 17/49 | €4,456,164 | €3,725,872 | -€730,292 | -16.4% |
| Amounts payable after more than one year | 17 | €3,406,463 | €2,957,267 | -€449,196 | -13.2% |
| Financial debts | 170/4 | €3,406,463 | €2,957,267 | -€449,196 | -13.2% |
| Amounts payable within one year | 42/48 | €1,021,689 | €752,517 | -€269,172 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €449,196 | €449,196 | = | 0.0% |
| Trade debts | 44 | €112,974 | €112,799 | -€175 | -0.2% |
| Suppliers | 440/4 | €112,974 | €112,799 | -€175 | -0.2% |
| Taxes, remuneration and social security | 45 | €28,522 | €73,613 | +€45,091 | +158% |
| Taxes | 450/3 | €24,667 | €72,011 | +€47,344 | +192% |
| Remuneration and social security | 454/9 | €3,855 | €1,602 | -€2,253 | -58.4% |
| Other amounts payable | 47/48 | €430,997 | €116,908 | -€314,088 | -72.9% |
| Accrued charges and deferred income | 492/3 | €28,012 | €16,088 | -€11,924 | -42.6% |
| Remuneration, social security and pensions | 62 | €28,234 | €10,349 | -€17,885 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,002 | €257,787 | -€10,215 | -3.8% |
| Gross operating margin | 9900 | €755,009 | €736,722 | -€18,286 | -2.4% |
| Operating profit (loss) | 9901 | €458,773 | €468,587 | +€9,814 | +2.1% |
| Financial income | 75/76B | €196,293 | €128,744 | -€67,548 | -34.4% |
| Recurring financial income | 75 | €196,293 | €128,744 | -€67,548 | -34.4% |
| Financial charges | 65/66B | €186,272 | €129,614 | -€56,658 | -30.4% |
| Recurring financial charges | 65 | €186,272 | €129,614 | -€56,658 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €468,794 | €467,717 | -€1,077 | -0.2% |
| Income taxes | 67/77 | €117,470 | €118,972 | +€1,502 | +1.3% |
| Profit (loss) for the period | 9904 | €351,324 | €348,745 | -€2,579 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €351,324 | €348,745 | -€2,579 | -0.7% |
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 19 October 2026 via checked.be.