IMMO RR: 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 RR
Largest movements
- Cash +€101,838
up €101,838 (+156%), from €65,484 to €167,322
mainly Advances received (+€113,000) and Other debts (+€14,262)
- Receivables within one year +€34,330
up €34,330 (+1,717%), from €2,000 to €36,330
of which Trade receivables: +€34,097
- Deferred charges and accrued income +€8,840
new in 2025: €8,840
- Advances received +€113,000
up €113,000 (+318%), from €35,500 to €148,500
- Other debts +€14,262
up €14,262 (+370%), from €3,850 to €18,112
- Reserves +€13,816
up €13,816 (+85.8%), from €16,111 to €29,927
- Trade debts +€2,971
up €2,971 (+3,920%), from €76 to €3,047
- Tax, wage and social debts +€2,294
up €2,294 (+25.6%), from €8,948 to €11,242
- Taxes +€895
up €895 (+21.2%), from €4,212 to €5,107
- Gross operating margin -€511
down €511 (-2.5%), from €20,534 to €20,023
- Depreciation +€501
new in 2025: €501
- Financial charges +€341
up €341 (+857%), from €40 to €381
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 | €67,484 | €214,050 | +€146,566 | +217% |
| Fixed assets | 21/28 | - | €1,558 | +€1,558 | |
| Tangible fixed assets | 22/27 | - | €1,558 | +€1,558 | |
| Plant, machinery and equipment | 23 | - | €1,558 | +€1,558 | |
| Current assets | 29/58 | €67,484 | €212,492 | +€145,008 | +215% |
| Amounts receivable within one year | 40/41 | €2,000 | €36,330 | +€34,330 | +1,717% |
| Trade receivables | 40 | €2,000 | €36,097 | +€34,097 | +1,705% |
| Other amounts receivable | 41 | - | €233 | +€233 | |
| Cash at bank and in hand | 54/58 | €65,484 | €167,322 | +€101,838 | +156% |
| Deferred charges and accrued income | 490/1 | - | €8,840 | +€8,840 | |
| Total equity and liabilities | 10/49 | €67,484 | €214,050 | +€146,566 | +217% |
| Equity | 10/15 | €19,111 | €32,927 | +€13,816 | +72.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,111 | €29,927 | +€13,816 | +85.8% |
| Distributable reserves | 133 | €16,111 | €29,927 | +€13,816 | +85.8% |
| Amounts payable | 17/49 | €48,373 | €181,123 | +€132,750 | +274% |
| Amounts payable within one year | 42/48 | €48,373 | €180,901 | +€132,528 | +274% |
| Trade debts | 44 | €76 | €3,047 | +€2,971 | +3,920% |
| Suppliers | 440/4 | €76 | €3,047 | +€2,971 | +3,920% |
| Advances received on contracts in progress | 46 | €35,500 | €148,500 | +€113,000 | +318% |
| Taxes, remuneration and social security | 45 | €8,948 | €11,242 | +€2,294 | +25.6% |
| Taxes | 450/3 | €8,948 | €11,242 | +€2,294 | +25.6% |
| Other amounts payable | 47/48 | €3,850 | €18,112 | +€14,262 | +370% |
| Accrued charges and deferred income | 492/3 | - | €223 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €501 | +€501 | |
| Other operating charges | 640/8 | €171 | €218 | +€46 | +27.1% |
| Gross operating margin | 9900 | €20,534 | €20,023 | -€511 | -2.5% |
| Operating profit (loss) | 9901 | €20,363 | €19,304 | -€1,059 | -5.2% |
| Financial charges | 65/66B | €40 | €381 | +€341 | +857% |
| Recurring financial charges | 65 | €40 | €381 | +€341 | +857% |
| Profit (loss) for the period before taxes | 9903 | €20,323 | €18,923 | -€1,400 | -6.9% |
| Income taxes | 67/77 | €4,212 | €5,107 | +€895 | +21.2% |
| Profit (loss) for the period | 9904 | €16,111 | €13,816 | -€2,294 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,111 | €13,816 | -€2,294 | -14.2% |
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 16 October 2026 via checked.be.