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
- Cash +€105,947
up €105,947 (+948%), from €11,179 to €117,126
mainly Investment in fixed assets (net) (+€57,810) and Net result for the year (+€53,342)
- Tangible fixed assets -€78,978
down €78,978 (-16.4%), from €481,616 to €402,637
of which Land and buildings: -€73,401
- Profit (loss) carried forward +€53,342
up €53,342, from -€35,762 to €17,579
- Other debts -€17,932
down €17,932 (-2.9%), from €616,111 to €598,179
- Debts after one year -€8,581
down €8,581 (-9.0%), from €95,153 to €86,573
- Gross operating margin +€62,002
up €62,002 (+393%), from €15,784 to €77,786
- Depreciation -€16,015
down €16,015 (-43.1%), from €37,183 to €21,168
- Other operating charges -€13,102
down €13,102 (-86.5%), from €15,152 to €2,050
- Financial income +€6,563
up €6,563 (+65,626,100%), from €0 to €6,563
of which Financial income: +€6,563
- Taxes +€5,711
new in 2025: €5,711
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 | €696,812 | €722,113 | +€25,302 | +3.6% |
| Fixed assets | 21/28 | €481,616 | €402,637 | -€78,978 | -16.4% |
| Tangible fixed assets | 22/27 | €481,616 | €402,637 | -€78,978 | -16.4% |
| Land and buildings | 22 | €459,548 | €386,147 | -€73,401 | -16.0% |
| Plant, machinery and equipment | 23 | €624 | €213 | -€411 | -65.8% |
| Furniture and vehicles | 24 | €18,683 | €13,846 | -€4,836 | -25.9% |
| Other tangible fixed assets | 26 | €2,761 | €2,431 | -€331 | -12.0% |
| Current assets | 29/58 | €215,196 | €319,476 | +€104,280 | +48.5% |
| Amounts receivable within one year | 40/41 | €204,017 | €200,000 | -€4,017 | -2.0% |
| Trade receivables | 40 | €4,017 | - | -€4,017 | |
| Other amounts receivable | 41 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,179 | €117,126 | +€105,947 | +948% |
| Deferred charges and accrued income | 490/1 | - | €2,350 | +€2,350 | |
| Total equity and liabilities | 10/49 | €696,812 | €722,113 | +€25,302 | +3.6% |
| Equity | 10/15 | -€31,762 | €21,579 | +€53,342 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,762 | €17,579 | +€53,342 | |
| Amounts payable | 17/49 | €728,574 | €700,534 | -€28,040 | -3.8% |
| Amounts payable after more than one year | 17 | €95,153 | €86,573 | -€8,581 | -9.0% |
| Financial debts | 170/4 | €95,153 | €86,573 | -€8,581 | -9.0% |
| Amounts payable within one year | 42/48 | €633,421 | €612,091 | -€21,329 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €8,516 | €8,284 | -€231 | -2.7% |
| Trade debts | 44 | €5,675 | €86 | -€5,588 | -98.5% |
| Suppliers | 440/4 | €5,675 | €86 | -€5,588 | -98.5% |
| Taxes, remuneration and social security | 45 | €3,119 | €5,542 | +€2,423 | +77.7% |
| Taxes | 450/3 | €3,119 | €5,542 | +€2,423 | +77.7% |
| Other amounts payable | 47/48 | €616,111 | €598,179 | -€17,932 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €1,870 | +€1,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,183 | €21,168 | -€16,015 | -43.1% |
| Other operating charges | 640/8 | €15,152 | €2,050 | -€13,102 | -86.5% |
| Gross operating margin | 9900 | €15,784 | €77,786 | +€62,002 | +393% |
| Operating profit (loss) | 9901 | -€36,551 | €54,568 | +€91,119 | |
| Financial income | 75/76B | €0 | €6,563 | +€6,563 | +65,626,100% |
| Recurring financial income | 75 | €0 | €6,563 | +€6,563 | +65,626,100% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,068 | €2,078 | +€10 | +0.5% |
| Recurring financial charges | 65 | €2,068 | €2,078 | +€10 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,619 | €59,052 | +€97,671 | |
| Income taxes | 67/77 | - | €5,711 | +€5,711 | |
| Profit (loss) for the period | 9904 | -€38,619 | €53,342 | +€91,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,619 | €53,342 | +€91,961 |
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.