R.D. 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.D. IMMO
Largest movements
- Tangible fixed assets +€28,975
up €28,975 (+10.8%), from €267,562 to €296,537
of which Furniture and vehicles: +€38,974
- Other debts +€27,154
up €27,154 (+57.8%), from €46,999 to €74,153
- Debts after one year -€17,266
down €17,266 (-12.0%), from €144,215 to €126,950
of which Financial debts: -€17,266
- Reserves +€17,258
up €17,258 (+52.5%), from €32,849 to €50,107
of which Distributable reserves: +€17,258
- Gross operating margin +€10,988
up €10,988 (+27.3%), from €40,241 to €51,229
- Depreciation +€4,954
up €4,954 (+37.5%), from €13,218 to €18,172
- Taxes +€1,866
up €1,866 (+26.3%), from €7,108 to €8,974
- Other operating charges +€1,764
up €1,764 (+58.9%), from €2,996 to €4,760
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 | €272,677 | €299,631 | +€26,954 | +9.9% |
| Fixed assets | 21/28 | €267,562 | €296,537 | +€28,975 | +10.8% |
| Tangible fixed assets | 22/27 | €267,562 | €296,537 | +€28,975 | +10.8% |
| Land and buildings | 22 | €240,216 | €229,417 | -€10,798 | -4.5% |
| Plant, machinery and equipment | 23 | €14,773 | €15,572 | +€799 | +5.4% |
| Furniture and vehicles | 24 | €12,574 | €51,548 | +€38,974 | +310.0% |
| Current assets | 29/58 | €5,115 | €3,094 | -€2,021 | -39.5% |
| Amounts receivable within one year | 40/41 | - | €202 | +€202 | |
| Other amounts receivable | 41 | - | €202 | +€202 | |
| Cash at bank and in hand | 54/58 | €556 | €1,239 | +€683 | +122.8% |
| Deferred charges and accrued income | 490/1 | €4,559 | €1,652 | -€2,906 | -63.7% |
| Total equity and liabilities | 10/49 | €272,677 | €299,631 | +€26,954 | +9.9% |
| Equity | 10/15 | €51,441 | €68,699 | +€17,258 | +33.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,849 | €50,107 | +€17,258 | +52.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €30,990 | €48,248 | +€17,258 | +55.7% |
| Amounts payable | 17/49 | €221,236 | €230,932 | +€9,696 | +4.4% |
| Amounts payable after more than one year | 17 | €144,215 | €126,950 | -€17,266 | -12.0% |
| Financial debts | 170/4 | €142,115 | €124,850 | -€17,266 | -12.1% |
| Other amounts payable | 178/9 | €2,100 | €2,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,021 | €103,982 | +€26,961 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €16,947 | €17,266 | +€318 | +1.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €378 | €161 | -€217 | -57.5% |
| Suppliers | 440/4 | €378 | €161 | -€217 | -57.5% |
| Taxes, remuneration and social security | 45 | €12,697 | €12,403 | -€294 | -2.3% |
| Taxes | 450/3 | €12,697 | €12,403 | -€294 | -2.3% |
| Other amounts payable | 47/48 | €46,999 | €74,153 | +€27,154 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,218 | €18,172 | +€4,954 | +37.5% |
| Other operating charges | 640/8 | €2,996 | €4,760 | +€1,764 | +58.9% |
| Gross operating margin | 9900 | €40,241 | €51,229 | +€10,988 | +27.3% |
| Operating profit (loss) | 9901 | €24,027 | €28,297 | +€4,270 | +17.8% |
| Financial charges | 65/66B | €2,138 | €2,065 | -€73 | -3.4% |
| Recurring financial charges | 65 | €2,138 | €2,065 | -€73 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €21,889 | €26,232 | +€4,343 | +19.8% |
| Income taxes | 67/77 | €7,108 | €8,974 | +€1,866 | +26.3% |
| Profit (loss) for the period | 9904 | €14,781 | €17,258 | +€2,477 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,781 | €17,258 | +€2,477 | +16.8% |
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 11 October 2026 via checked.be.