IMMO RSG: 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 RSG
Largest movements
- Tangible fixed assets -€17,787
down €17,787 (-5.7%), from €311,212 to €293,425
of which Land and buildings: -€15,719
- Debts after one year -€19,680
down €19,680 (-20.7%), from €95,140 to €75,460
- Reserves +€6,541
up €6,541 (+4.3%), from €152,835 to €159,376
- Gross operating margin -€24,390
down €24,390 (-40.9%), from €59,596 to €35,206
- Taxes -€4,674
down €4,674 (-68.2%), from €6,854 to €2,180
- Financial charges -€2,776
down €2,776 (-38.3%), from €7,246 to €4,470
- Depreciation -€676
down €676 (-3.7%), from €18,463 to €17,787
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 | €318,238 | €303,381 | -€14,856 | -4.7% |
| Fixed assets | 21/28 | €311,212 | €293,425 | -€17,787 | -5.7% |
| Tangible fixed assets | 22/27 | €311,212 | €293,425 | -€17,787 | -5.7% |
| Land and buildings | 22 | €303,552 | €287,833 | -€15,719 | -5.2% |
| Plant, machinery and equipment | 23 | €7,660 | €5,592 | -€2,068 | -27.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €7,026 | €9,957 | +€2,931 | +41.7% |
| Amounts receivable within one year | 40/41 | €5,236 | €5,060 | -€176 | -3.4% |
| Trade receivables | 40 | €4,590 | €3,740 | -€850 | -18.5% |
| Other amounts receivable | 41 | €646 | €1,320 | +€674 | +104% |
| Cash at bank and in hand | 54/58 | €1,790 | €4,897 | +€3,107 | +174% |
| Total equity and liabilities | 10/49 | €318,238 | €303,381 | -€14,856 | -4.7% |
| Equity | 10/15 | €192,835 | €199,376 | +€6,541 | +3.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €152,835 | €159,376 | +€6,541 | +4.3% |
| Distributable reserves | 133 | €152,835 | €159,376 | +€6,541 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €125,403 | €104,006 | -€21,397 | -17.1% |
| Amounts payable after more than one year | 17 | €95,140 | €75,460 | -€19,680 | -20.7% |
| Financial debts | 170/4 | €95,140 | €75,460 | -€19,680 | -20.7% |
| Amounts payable within one year | 42/48 | €30,263 | €28,546 | -€1,717 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €19,680 | €19,680 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €870 | €28 | -€842 | -96.8% |
| Taxes | 450/3 | €870 | €28 | -€842 | -96.8% |
| Other amounts payable | 47/48 | €9,713 | €8,838 | -€875 | -9.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,463 | €17,787 | -€676 | -3.7% |
| Other operating charges | 640/8 | €4,247 | €4,278 | +€31 | +0.7% |
| Gross operating margin | 9900 | €59,596 | €35,206 | -€24,390 | -40.9% |
| Operating profit (loss) | 9901 | €36,886 | €13,141 | -€23,745 | -64.4% |
| Financial income | 75/76B | €632 | €50 | -€582 | -92.1% |
| Recurring financial income | 75 | €632 | €50 | -€582 | -92.1% |
| Financial charges | 65/66B | €7,246 | €4,470 | -€2,776 | -38.3% |
| Recurring financial charges | 65 | €7,246 | €4,470 | -€2,776 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €30,271 | €8,721 | -€21,550 | -71.2% |
| Income taxes | 67/77 | €6,854 | €2,180 | -€4,674 | -68.2% |
| Profit (loss) for the period | 9904 | €23,417 | €6,541 | -€16,876 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,417 | €6,541 | -€16,876 | -72.1% |
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 14 October 2026 via checked.be.