R.F. IMMO: what changed
What changed
R.F. IMMO
filed annual accounts (NBB)
Net result for the year
-€117,964
2023 · -€54,846-€63,119
Equity
-€107,278
2023 · €10,686-€117,964
Cash
€669
2023 · €3,871-€3,202
Balance sheet total
€1.7m
2023 · €1.1m+€608,967
Largest movements
Assets
- Tangible fixed assets +€625,970
up €625,970 (+59.5%), from €1.1m to €1.7m
of which Land and buildings: +€633,059
Equity and liabilities
- Debts after one year +€459,663
up €459,663 (+136%), from €337,439 to €797,102
of which Financial debts: +€446,863
- Other debts +€254,314
up €254,314 (+38.1%), from €667,435 to €921,749
- Profit (loss) carried forward -€117,964
down €117,964 (-205%), from -€57,514 to -€175,478
Income statement
- Depreciation +€27,119
up €27,119 (+31.3%), from €86,627 to €113,746
- Financial charges +€20,281
up €20,281 (+175%), from €11,559 to €31,841
- Gross operating margin -€14,949
down €14,949 (-25.6%), from €58,451 to €43,501
- Other operating charges +€694
up €694 (+4.8%), from €14,348 to €15,042
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€54,846
Gross operating margin
-€14,949
Depreciation
-€27,119
Other operating charges
-€694
Financial charges
-€20,281
Taxes
-€75
Result 2024
-€117,964
lowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€263,612
Investment
-€739,716
Financing
+€472,901
Cash 2023
€3,871
From operations (derived)
+€263,612
Net result for the year
-€117,964
Depreciation
+€113,746
Receivables after one year
+€13,800
Smaller working-capital items
-€283
Other debts
+€254,314
Investment (derived)
-€739,716
Investment in fixed assets (net)
-€739,716
Financing
+€472,901
Debts after one year
+€459,663
Current portion of long-term debt
+€13,238
Cash 2024
€669
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,198 | €1,679,165 | +€608,967 | +56.9% |
| Fixed assets | 21/28 | €1,052,527 | €1,678,496 | +€625,970 | +59.5% |
| Tangible fixed assets | 22/27 | €1,052,527 | €1,678,496 | +€625,970 | +59.5% |
| Land and buildings | 22 | €898,247 | €1,531,306 | +€633,059 | +70.5% |
| Plant, machinery and equipment | 23 | €101,404 | €111,940 | +€10,536 | +10.4% |
| Furniture and vehicles | 24 | €52,875 | €35,250 | -€17,625 | -33.3% |
| Current assets | 29/58 | €17,671 | €669 | -€17,002 | -96.2% |
| Amounts receivable after more than one year | 29 | €13,800 | - | -€13,800 | |
| Trade receivables | 290 | €13,800 | - | -€13,800 | |
| Cash at bank and in hand | 54/58 | €3,871 | €669 | -€3,202 | -82.7% |
| Total equity and liabilities | 10/49 | €1,070,198 | €1,679,165 | +€608,967 | +56.9% |
| Equity | 10/15 | €10,686 | -€107,278 | -€117,964 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,514 | -€175,478 | -€117,964 | -205% |
| Amounts payable | 17/49 | €1,059,512 | €1,786,443 | +€726,932 | +68.6% |
| Amounts payable after more than one year | 17 | €337,439 | €797,102 | +€459,663 | +136% |
| Financial debts | 170/4 | €332,331 | €779,194 | +€446,863 | +134% |
| Other amounts payable | 178/9 | €5,108 | €17,908 | +€12,800 | +251% |
| Amounts payable within one year | 42/48 | €722,073 | €989,342 | +€267,269 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €41,474 | €54,712 | +€13,238 | +31.9% |
| Trade debts | 44 | €12,402 | €12,095 | -€307 | -2.5% |
| Suppliers | 440/4 | €12,402 | €12,095 | -€307 | -2.5% |
| Taxes, remuneration and social security | 45 | €762 | €786 | +€23 | +3.1% |
| Taxes | 450/3 | €762 | €786 | +€23 | +3.1% |
| Other amounts payable | 47/48 | €667,435 | €921,749 | +€254,314 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,627 | €113,746 | +€27,119 | +31.3% |
| Other operating charges | 640/8 | €14,348 | €15,042 | +€694 | +4.8% |
| Gross operating margin | 9900 | €58,451 | €43,501 | -€14,949 | -25.6% |
| Operating profit (loss) | 9901 | -€42,524 | -€85,287 | -€42,763 | -101% |
| Financial charges | 65/66B | €11,559 | €31,841 | +€20,281 | +175% |
| Recurring financial charges | 65 | €11,559 | €31,841 | +€20,281 | +175% |
| Profit (loss) for the period before taxes | 9903 | -€54,083 | -€117,127 | -€63,044 | -117% |
| Income taxes | 67/77 | €762 | €837 | +€75 | +9.8% |
| Profit (loss) for the period | 9904 | -€54,846 | -€117,964 | -€63,119 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,846 | -€117,964 | -€63,119 | -115% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.