R.E.I.M.C.O.: 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.
What changed
R.E.I.M.C.O.
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,592
2024 · €95,237-€99,829
Equity
€888,549
2024 · €893,141-€4,592
Cash
€5,527
2024 · €10,749-€5,222
Balance sheet total
€1.5m
2024 · €1.4m+€7,069
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€150,498
down €150,498 (-50.5%), from €298,233 to €147,735
- Other debts +€130,798
up €130,798 (+238%), from €54,896 to €185,694
- Current portion of long-term debt +€36,155
up €36,155 (+31.6%), from €114,343 to €150,498
Income statement
- Gross operating margin -€44,521
down €44,521 (-40.0%), from €111,239 to €66,718
- Taxes -€6,118
down €6,118 (-94.8%), from €6,457 to €339
- Financial charges +€1,199
up €1,199 (+10.6%), from €11,354 to €12,553
- Depreciation +€1,144
up €1,144 (+5.0%), from €23,013 to €24,157
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.
Result 2024
€95,237
Gross operating margin
-€44,521
Depreciation
-€1,144
Other operating charges
-€792
Financial income
+€1
Financial charges
-€1,199
Taxes
+€6,118
Deferred taxes and other
-€58,292
Result 2025
-€4,592
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€139,966
Investment
-€30,845
Financing
-€114,343
Cash 2024
€10,749
From operations (derived)
+€139,966
Net result for the year
-€4,592
Depreciation
+€24,157
Receivables within one year
-€5,603
Provisions
-€3,630
Trade debts
-€8,190
Tax, wage and social debts
+€1,174
Other debts
+€130,798
Accrued charges and deferred income
+€5,852
Investment (derived)
-€30,845
Investment in fixed assets (net)
-€30,845
Financing
-€114,343
Debts after one year
-€150,498
Current portion of long-term debt
+€36,155
Cash 2025
€5,527
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,443,683 | €1,450,752 | +€7,069 | +0.5% |
| Fixed assets | 21/28 | €1,432,934 | €1,439,623 | +€6,689 | +0.5% |
| Tangible fixed assets | 22/27 | €1,432,934 | €1,439,623 | +€6,689 | +0.5% |
| Land and buildings | 22 | €1,432,934 | €1,439,623 | +€6,689 | +0.5% |
| Current assets | 29/58 | €10,749 | €11,129 | +€380 | +3.5% |
| Amounts receivable within one year | 40/41 | - | €5,603 | +€5,603 | |
| Other amounts receivable | 41 | - | €5,603 | +€5,603 | |
| Cash at bank and in hand | 54/58 | €10,749 | €5,527 | -€5,222 | -48.6% |
| Total equity and liabilities | 10/49 | €1,443,683 | €1,450,752 | +€7,069 | +0.5% |
| Equity | 10/15 | €893,141 | €888,549 | -€4,592 | -0.5% |
| Contributions | 10/11 | €225,781 | €225,781 | = | 0.0% |
| Capital | 10 | €225,781 | €225,781 | = | 0.0% |
| Issued capital | 100 | €225,781 | €225,781 | = | 0.0% |
| Reserves | 13 | €81,538 | €74,168 | -€7,370 | -9.0% |
| Non-distributable reserves | 130/1 | €22,578 | €22,578 | = | 0.0% |
| Legal reserve | 130 | €22,578 | €22,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,960 | €51,590 | -€7,370 | -12.5% |
| Profit (loss) carried forward | 14 | €585,822 | €588,600 | +€2,778 | +0.5% |
| Provisions and deferred taxes | 16 | €29,040 | €25,410 | -€3,630 | -12.5% |
| Deferred taxes | 168 | €29,040 | €25,410 | -€3,630 | -12.5% |
| Amounts payable | 17/49 | €521,502 | €536,793 | +€15,291 | +2.9% |
| Amounts payable after more than one year | 17 | €298,233 | €147,735 | -€150,498 | -50.5% |
| Financial debts | 170/4 | €298,233 | €147,735 | -€150,498 | -50.5% |
| Amounts payable within one year | 42/48 | €222,301 | €382,239 | +€159,937 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €114,343 | €150,498 | +€36,155 | +31.6% |
| Trade debts | 44 | €43,518 | €35,328 | -€8,190 | -18.8% |
| Suppliers | 440/4 | €43,518 | €35,328 | -€8,190 | -18.8% |
| Taxes, remuneration and social security | 45 | €9,544 | €10,718 | +€1,174 | +12.3% |
| Taxes | 450/3 | €9,544 | €10,718 | +€1,174 | +12.3% |
| Other amounts payable | 47/48 | €54,896 | €185,694 | +€130,798 | +238% |
| Accrued charges and deferred income | 492/3 | €968 | €6,819 | +€5,852 | +605% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,013 | €24,157 | +€1,144 | +5.0% |
| Other operating charges | 640/8 | €37,100 | €37,892 | +€792 | +2.1% |
| Gross operating margin | 9900 | €111,239 | €66,718 | -€44,521 | -40.0% |
| Operating profit (loss) | 9901 | €51,126 | €4,669 | -€46,456 | -90.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,354 | €12,553 | +€1,199 | +10.6% |
| Recurring financial charges | 65 | €11,354 | €12,553 | +€1,199 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €39,771 | -€7,883 | -€47,655 | |
| Transfer from deferred taxes | 780 | €61,922 | €3,630 | -€58,292 | -94.1% |
| Income taxes | 67/77 | €6,457 | €339 | -€6,118 | -94.8% |
| Profit (loss) for the period | 9904 | €95,237 | -€4,592 | -€99,829 | |
| Transfer from tax-exempt reserves | 789 | €182,247 | €7,370 | -€174,877 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €277,483 | €2,778 | -€274,706 | -99.0% |
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 23 October 2026 via checked.be.