R&E Vastgoed: what changed
Two fiscal 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&E Vastgoed
Largest movements
- Financial fixed assets +€300,000
new in 2025: €300,000
- Receivables after one year -€35,000
no longer reported in 2025 (was €35,000)
- Tangible fixed assets -€33,644
down €33,644 (-2.5%), from €1.4m to €1.3m
of which Land and buildings: -€32,839
- Cash +€31,454
up €31,454 (+36.3%), from €86,585 to €118,038
mainly Net result for the year (+€191,099) and Depreciation (+€53,803)
- Receivables within one year +€22,556
up €22,556 (+159.9%), from €14,104 to €36,660
- Reserves +€191,099
up €191,099 (+126.8%), from €150,716 to €341,815
- Current portion of long-term debt +€31,041
up €31,041 (+34.5%), from €89,895 to €120,936
- Debts after one year +€29,535
up €29,535 (+2.4%), from €1.2m to €1.2m
- Financial income +€96,308
up €96,308 (+7362.1%), from €1,308 to €97,616
- Depreciation -€82,077
down €82,077 (-60.4%), from €135,881 to €53,803
- Gross operating margin +€74,592
up €74,592 (+48.7%), from €153,036 to €227,627
- Taxes +€24,653
up €24,653, from -€76 to €24,576
- Financial charges +€15,473
up €15,473 (+45.8%), from €33,817 to €49,289
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 | €1,495,854 | €1,779,276 | +€283,422 | +18.9% |
| Fixed assets | 21/28 | €1,356,891 | €1,623,247 | +€266,356 | +19.6% |
| Tangible fixed assets | 22/27 | €1,356,891 | €1,323,247 | -€33,644 | -2.5% |
| Land and buildings | 22 | €1,341,736 | €1,308,897 | -€32,839 | -2.4% |
| Plant, machinery and equipment | 23 | €8,693 | €8,052 | -€640 | -7.4% |
| Furniture and vehicles | 24 | €6,463 | €6,298 | -€165 | -2.6% |
| Financial fixed assets | 28 | - | €300,000 | +€300,000 | |
| Current assets | 29/58 | €138,963 | €156,029 | +€17,066 | +12.3% |
| Amounts receivable after more than one year | 29 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €14,104 | €36,660 | +€22,556 | +159.9% |
| Other amounts receivable | 41 | €14,104 | €36,660 | +€22,556 | +159.9% |
| Cash at bank and in hand | 54/58 | €86,585 | €118,038 | +€31,454 | +36.3% |
| Deferred charges and accrued income | 490/1 | €3,274 | €1,330 | -€1,944 | -59.4% |
| Total equity and liabilities | 10/49 | €1,495,854 | €1,779,276 | +€283,422 | +18.9% |
| Equity | 10/15 | €160,716 | €351,815 | +€191,099 | +118.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €150,716 | €341,815 | +€191,099 | +126.8% |
| Distributable reserves | 133 | €150,716 | €341,815 | +€191,099 | +126.8% |
| Amounts payable | 17/49 | €1,335,138 | €1,427,461 | +€92,323 | +6.9% |
| Amounts payable after more than one year | 17 | €1,216,444 | €1,245,979 | +€29,535 | +2.4% |
| Financial debts | 170/4 | €1,216,444 | €1,245,979 | +€29,535 | +2.4% |
| Amounts payable within one year | 42/48 | €113,640 | €167,283 | +€53,643 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €89,895 | €120,936 | +€31,041 | +34.5% |
| Trade debts | 44 | €8,512 | €4,686 | -€3,826 | -45.0% |
| Suppliers | 440/4 | €8,512 | €4,686 | -€3,826 | -45.0% |
| Taxes, remuneration and social security | 45 | €15,157 | €28,028 | +€12,871 | +84.9% |
| Taxes | 450/3 | €15,157 | €28,028 | +€12,871 | +84.9% |
| Other amounts payable | 47/48 | €75 | €13,633 | +€13,557 | +17968.8% |
| Accrued charges and deferred income | 492/3 | €5,054 | €14,199 | +€9,145 | +181.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,881 | €53,803 | -€82,077 | -60.4% |
| Other operating charges | 640/8 | €5,863 | €6,475 | +€612 | +10.4% |
| Gross operating margin | 9900 | €153,036 | €227,627 | +€74,592 | +48.7% |
| Operating profit (loss) | 9901 | €11,291 | €167,349 | +€156,057 | +1382.1% |
| Financial income | 75/76B | €1,308 | €97,616 | +€96,308 | +7362.1% |
| Recurring financial income | 75 | €1,308 | €97,616 | +€96,308 | +7362.1% |
| Financial charges | 65/66B | €33,817 | €49,289 | +€15,473 | +45.8% |
| Recurring financial charges | 65 | €33,817 | €49,289 | +€15,473 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,217 | €215,675 | +€236,892 | |
| Income taxes | 67/77 | -€76 | €24,576 | +€24,653 | |
| Profit (loss) for the period | 9904 | -€21,141 | €191,099 | +€212,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,141 | €191,099 | +€212,240 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.