IMMO RUPEL: 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 RUPEL
Largest movements
- Tangible fixed assets +€97,740
up €97,740 (+19.4%), from €504,083 to €601,822
of which Assets under construction and advance payments: +€98,004
- Receivables within one year +€19,601
up €19,601 (+88.1%), from €22,256 to €41,857
of which Other amounts receivable: +€20,871
- Other debts +€90,951
up €90,951 (+82.0%), from €110,925 to €201,876
- Trade debts +€22,225
up €22,225 (+185.6%), from €11,976 to €34,201
- Gross operating margin -€48,677
down €48,677, from €46,638 to -€2,040
- Financial charges +€2,596
up €2,596 (+98.3%), from €2,641 to €5,237
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 | €991,205 | €1,097,518 | +€106,312 | +10.7% |
| Fixed assets | 21/28 | €923,696 | €1,021,435 | +€97,740 | +10.6% |
| Tangible fixed assets | 22/27 | €504,083 | €601,822 | +€97,740 | +19.4% |
| Land and buildings | 22 | €458,483 | €458,218 | -€265 | -0.1% |
| Assets under construction and advance payments | 27 | €45,600 | €143,604 | +€98,004 | +214.9% |
| Financial fixed assets | 28 | €419,613 | €419,613 | = | 0.0% |
| Current assets | 29/58 | €67,510 | €76,082 | +€8,573 | +12.7% |
| Amounts receivable within one year | 40/41 | €22,256 | €41,857 | +€19,601 | +88.1% |
| Trade receivables | 40 | €1,271 | €0 | -€1,271 | -100.0% |
| Other amounts receivable | 41 | €20,985 | €41,857 | +€20,871 | +99.5% |
| Cash at bank and in hand | 54/58 | €44,783 | €33,987 | -€10,795 | -24.1% |
| Deferred charges and accrued income | 490/1 | €471 | €238 | -€233 | -49.4% |
| Total equity and liabilities | 10/49 | €991,205 | €1,097,518 | +€106,312 | +10.7% |
| Equity | 10/15 | €866,304 | €856,041 | -€10,263 | -1.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €804,331 | €804,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €798,134 | €798,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,263 | -€10,263 | |
| Amounts payable | 17/49 | €124,901 | €241,477 | +€116,576 | +93.3% |
| Amounts payable within one year | 42/48 | €122,901 | €236,077 | +€113,176 | +92.1% |
| Trade debts | 44 | €11,976 | €34,201 | +€22,225 | +185.6% |
| Suppliers | 440/4 | €11,976 | €34,201 | +€22,225 | +185.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €110,925 | €201,876 | +€90,951 | +82.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €5,400 | +€3,400 | +170.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €265 | = | 0.0% |
| Other operating charges | 640/8 | €2,693 | €2,722 | +€29 | +1.1% |
| Gross operating margin | 9900 | €46,638 | -€2,040 | -€48,677 | |
| Operating profit (loss) | 9901 | €43,680 | -€5,027 | -€48,707 | |
| Financial charges | 65/66B | €2,641 | €5,237 | +€2,596 | +98.3% |
| Recurring financial charges | 65 | €2,641 | €5,237 | +€2,596 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €41,039 | -€10,263 | -€51,303 | |
| Profit (loss) for the period | 9904 | €41,039 | -€10,263 | -€51,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,039 | -€10,263 | -€51,303 |
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 10 October 2026 via checked.be.