R.A. IMMO: 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.
R.A. IMMO
Largest movements
- Receivables within one year -€33,991
down €33,991 (-96.6%), from €35,182 to €1,191
of which Trade receivables: -€33,987
- Profit (loss) carried forward -€27,835
down €27,835 (-29.0%), from -€95,848 to -€123,682
- Tax, wage and social debts -€5,299
down €5,299 (-95.4%), from €5,552 to €253
of which Remuneration and social security: -€5,008
- Other debts +€1,594
up €1,594 (+1.0%), from €159,464 to €161,058
- Trade debts -€1,020
down €1,020 (-84.8%), from €1,203 to €183
- Gross operating margin +€5,387
up €5,387, from -€2,687 to €2,700
- Financial charges -€1,839
down €1,839 (-78.9%), from €2,332 to €493
- Depreciation -€101
down €101 (-20.2%), from €501 to €400
- Other operating charges +€62
up €62 (+13.4%), from €467 to €530
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 | €92,113 | €58,272 | -€33,841 | -36.7% |
| Fixed assets | 21/28 | €855 | €455 | -€400 | -46.8% |
| Tangible fixed assets | 22/27 | €855 | €455 | -€400 | -46.8% |
| Plant, machinery and equipment | 23 | €855 | €455 | -€400 | -46.8% |
| Current assets | 29/58 | €91,258 | €57,817 | -€33,441 | -36.6% |
| Stocks and contracts in progress | 3 | €56,076 | €55,759 | -€317 | -0.6% |
| Stocks | 30/36 | €56,076 | €55,759 | -€317 | -0.6% |
| Amounts receivable within one year | 40/41 | €35,182 | €1,191 | -€33,991 | -96.6% |
| Trade receivables | 40 | €35,178 | €1,191 | -€33,987 | -96.6% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | - | €867 | +€867 | |
| Total equity and liabilities | 10/49 | €92,113 | €58,272 | -€33,841 | -36.7% |
| Equity | 10/15 | -€75,388 | -€103,222 | -€27,835 | -36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,848 | -€123,682 | -€27,835 | -29.0% |
| Amounts payable | 17/49 | €167,501 | €161,494 | -€6,006 | -3.6% |
| Amounts payable within one year | 42/48 | €166,628 | €161,494 | -€5,134 | -3.1% |
| Financial debts | 43 | €409 | - | -€409 | |
| Credit institutions | 430/8 | €409 | - | -€409 | |
| Trade debts | 44 | €1,203 | €183 | -€1,020 | -84.8% |
| Suppliers | 440/4 | €1,203 | €183 | -€1,020 | -84.8% |
| Taxes, remuneration and social security | 45 | €5,552 | €253 | -€5,299 | -95.4% |
| Taxes | 450/3 | €544 | €253 | -€291 | -53.5% |
| Remuneration and social security | 454/9 | €5,008 | - | -€5,008 | |
| Other amounts payable | 47/48 | €159,464 | €161,058 | +€1,594 | +1.0% |
| Accrued charges and deferred income | 492/3 | €872 | - | -€872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €400 | -€101 | -20.2% |
| Other operating charges | 640/8 | €467 | €530 | +€62 | +13.4% |
| Non-recurring operating charges | 66A | - | €29,112 | +€29,112 | |
| Gross operating margin | 9900 | -€2,687 | €2,700 | +€5,387 | |
| Operating profit (loss) | 9901 | -€3,656 | -€27,342 | -€23,686 | -648% |
| Financial charges | 65/66B | €2,332 | €493 | -€1,839 | -78.9% |
| Recurring financial charges | 65 | €2,332 | €493 | -€1,839 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,988 | -€27,835 | -€21,847 | -365% |
| Profit (loss) for the period | 9904 | -€5,988 | -€27,835 | -€21,847 | -365% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,988 | -€27,835 | -€21,847 | -365% |
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 18 October 2026 via checked.be.