IMMO RODIN: 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 RODIN
Largest movements
- Cash -€152,612
down €152,612 (-87.3%), from €174,841 to €22,229
mainly Debts after one year (-€286,518) and Trade debts (-€37,090)
- Receivables within one year -€73,909
down €73,909 (-37.3%), from €198,321 to €124,412
of which Other amounts receivable: -€133,909
- Debts after one year -€286,518
down €286,518 (-12.3%), from €2.3m to €2.0m
of which Other amounts payable: -€286,518
- Other debts +€73,077
up €73,077 (+19.6%), from €373,796 to €446,873
- Trade debts -€37,090
down €37,090 (-70.5%), from €52,586 to €15,497
- Financial charges +€89,668
up €89,668 (+270%), from €33,233 to €122,901
of which Non-recurring financial charges: +€59,139
- Other operating charges -€33,237
down €33,237 (-60.1%), from €55,268 to €22,030
- Gross operating margin +€29,213
up €29,213 (+18.2%), from €160,473 to €189,686
- Write-downs -€12,350
no longer reported in 2025 (was €12,350)
- Staff costs +€8,081
new in 2025: €8,081
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 | €2,654,514 | €2,419,836 | -€234,678 | -8.8% |
| Fixed assets | 21/28 | €1,042,376 | €1,026,173 | -€16,203 | -1.6% |
| Tangible fixed assets | 22/27 | €1,039,526 | €1,023,323 | -€16,203 | -1.6% |
| Land and buildings | 22 | €1,035,485 | €1,010,886 | -€24,598 | -2.4% |
| Plant, machinery and equipment | 23 | - | €6,020 | +€6,020 | |
| Furniture and vehicles | 24 | €4,041 | €6,417 | +€2,376 | +58.8% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €1,612,138 | €1,393,663 | -€218,475 | -13.6% |
| Stocks and contracts in progress | 3 | €1,235,000 | €1,243,565 | +€8,565 | +0.7% |
| Stocks | 30/36 | €1,235,000 | €1,243,565 | +€8,565 | +0.7% |
| Amounts receivable within one year | 40/41 | €198,321 | €124,412 | -€73,909 | -37.3% |
| Trade receivables | 40 | €60,000 | €120,000 | +€60,000 | +100% |
| Other amounts receivable | 41 | €138,321 | €4,412 | -€133,909 | -96.8% |
| Cash at bank and in hand | 54/58 | €174,841 | €22,229 | -€152,612 | -87.3% |
| Deferred charges and accrued income | 490/1 | €3,976 | €3,456 | -€520 | -13.1% |
| Total equity and liabilities | 10/49 | €2,654,514 | €2,419,836 | -€234,678 | -8.8% |
| Equity | 10/15 | -€104,204 | -€95,099 | +€9,105 | +8.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,995 | €1,995 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,995 | €1,995 | = | 0.0% |
| Legal reserve | 130 | €1,995 | €1,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,699 | -€158,594 | +€9,105 | +5.4% |
| Amounts payable | 17/49 | €2,758,718 | €2,514,935 | -€243,783 | -8.8% |
| Amounts payable after more than one year | 17 | €2,332,329 | €2,045,811 | -€286,518 | -12.3% |
| Financial debts | 170/4 | €1,250,000 | €1,250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,082,329 | €795,811 | -€286,518 | -26.5% |
| Amounts payable within one year | 42/48 | €426,389 | €463,319 | +€36,930 | +8.7% |
| Trade debts | 44 | €52,586 | €15,497 | -€37,090 | -70.5% |
| Suppliers | 440/4 | €52,586 | €15,497 | -€37,090 | -70.5% |
| Taxes, remuneration and social security | 45 | €7 | €950 | +€943 | +13,164% |
| Taxes | 450/3 | €7 | - | -€7 | |
| Remuneration and social security | 454/9 | - | €950 | +€950 | |
| Other amounts payable | 47/48 | €373,796 | €446,873 | +€73,077 | +19.6% |
| Accrued charges and deferred income | 492/3 | - | €5,805 | +€5,805 | |
| Remuneration, social security and pensions | 62 | - | €8,081 | +€8,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,521 | €27,572 | +€50 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,350 | - | -€12,350 | |
| Other operating charges | 640/8 | €55,268 | €22,030 | -€33,237 | -60.1% |
| Gross operating margin | 9900 | €160,473 | €189,686 | +€29,213 | +18.2% |
| Operating profit (loss) | 9901 | €65,334 | €132,003 | +€66,669 | +102% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €33,233 | €122,901 | +€89,668 | +270% |
| Recurring financial charges | 65 | €33,233 | €63,762 | +€30,529 | +91.9% |
| Non-recurring financial charges | 66B | - | €59,139 | +€59,139 | |
| Profit (loss) for the period before taxes | 9903 | €32,101 | €9,105 | -€22,996 | -71.6% |
| Profit (loss) for the period | 9904 | €32,101 | €9,105 | -€22,996 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,101 | €9,105 | -€22,996 | -71.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.