R&B 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&B IMMO
Largest movements
- Tangible fixed assets -€76,053
down €76,053 (-5.1%), from €1.5m to €1.4m
- Cash +€32,617
up €32,617 (+392%), from €8,330 to €40,948
mainly Depreciation (+€79,845) and Receivables within one year (+€31,010)
- Receivables within one year -€31,010
no longer reported in 2025 (was €31,010)
- Debts after one year -€94,432
down €94,432 (-7.9%), from €1.2m to €1.1m
- Reserves +€24,400
up €24,400 (+11.7%), from €207,765 to €232,165
of which Distributable reserves: +€24,400
- Gross operating margin +€36,863
up €36,863 (+31.7%), from €116,106 to €152,968
- Depreciation +€10,840
up €10,840 (+15.7%), from €69,005 to €79,845
- Financial charges +€8,670
up €8,670 (+33.1%), from €26,157 to €34,827
- Taxes +€1,533
up €1,533 (+169%), from €907 to €2,440
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 | €1,562,375 | €1,487,929 | -€74,445 | -4.8% |
| Fixed assets | 21/28 | €1,476,859 | €1,400,806 | -€76,053 | -5.1% |
| Tangible fixed assets | 22/27 | €1,476,859 | €1,400,806 | -€76,053 | -5.1% |
| Land and buildings | 22 | €1,476,859 | €1,400,806 | -€76,053 | -5.1% |
| Current assets | 29/58 | €85,516 | €87,124 | +€1,608 | +1.9% |
| Amounts receivable within one year | 40/41 | €31,010 | - | -€31,010 | |
| Trade receivables | 40 | €31,010 | - | -€31,010 | |
| Current investments | 50/53 | €46,176 | €46,176 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,330 | €40,948 | +€32,617 | +392% |
| Total equity and liabilities | 10/49 | €1,562,375 | €1,487,929 | -€74,445 | -4.8% |
| Equity | 10/15 | €226,402 | €250,831 | +€24,429 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,765 | €232,165 | +€24,400 | +11.7% |
| Non-distributable reserves | 130/1 | €46,176 | €46,176 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,176 | €46,176 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,709 | €17,709 | = | 0.0% |
| Distributable reserves | 133 | €143,880 | €168,280 | +€24,400 | +17.0% |
| Profit (loss) carried forward | 14 | €36 | €65 | +€29 | +79.5% |
| Amounts payable | 17/49 | €1,335,973 | €1,237,099 | -€98,874 | -7.4% |
| Amounts payable after more than one year | 17 | €1,191,294 | €1,096,862 | -€94,432 | -7.9% |
| Financial debts | 170/4 | €1,191,294 | €1,096,862 | -€94,432 | -7.9% |
| Amounts payable within one year | 42/48 | €144,679 | €140,237 | -€4,442 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €102,423 | €94,432 | -€7,991 | -7.8% |
| Trade debts | 44 | €8,846 | €1,541 | -€7,305 | -82.6% |
| Suppliers | 440/4 | €8,846 | €1,541 | -€7,305 | -82.6% |
| Taxes, remuneration and social security | 45 | €5,009 | €14,363 | +€9,354 | +187% |
| Taxes | 450/3 | €5,009 | €14,363 | +€9,354 | +187% |
| Other amounts payable | 47/48 | €28,401 | €29,901 | +€1,500 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,005 | €79,845 | +€10,840 | +15.7% |
| Other operating charges | 640/8 | €11,034 | €11,427 | +€393 | +3.6% |
| Gross operating margin | 9900 | €116,106 | €152,968 | +€36,863 | +31.7% |
| Operating profit (loss) | 9901 | €36,066 | €61,696 | +€25,630 | +71.1% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €26,157 | €34,827 | +€8,670 | +33.1% |
| Recurring financial charges | 65 | €26,157 | €34,827 | +€8,670 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €9,980 | €26,869 | +€16,889 | +169% |
| Income taxes | 67/77 | €907 | €2,440 | +€1,533 | +169% |
| Profit (loss) for the period | 9904 | €9,073 | €24,429 | +€15,356 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €9,073 | €24,429 | +€15,356 | +169% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.