R.G. IMMO: 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.G. IMMO
Largest movements
- Tangible fixed assets -€4,017
down €4,017 (-3.4%), from €117,133 to €113,116
of which Land and buildings: -€3,226
- Receivables after one year +€3,464
up €3,464 (+2.4%), from €141,475 to €144,940
No liability line moved by more than 1% of the balance sheet total.
- Staff costs -€21,214
down €21,214 (-98.5%), from €21,530 to €316
- Gross operating margin -€16,716
down €16,716 (-77.7%), from €21,500 to €4,784
- Depreciation -€661
down €661 (-14.1%), from €4,678 to €4,017
- Other operating charges -€227
down €227 (-6.1%), from €3,701 to €3,474
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 | €268,177 | €267,195 | -€982 | -0.4% |
| Fixed assets | 21/28 | €117,133 | €113,116 | -€4,017 | -3.4% |
| Tangible fixed assets | 22/27 | €117,133 | €113,116 | -€4,017 | -3.4% |
| Land and buildings | 22 | €116,342 | €113,116 | -€3,226 | -2.8% |
| Plant, machinery and equipment | 23 | €466 | €0 | -€466 | -100.0% |
| Furniture and vehicles | 24 | €325 | €0 | -€325 | -100.0% |
| Current assets | 29/58 | €151,044 | €154,079 | +€3,035 | +2.0% |
| Amounts receivable after more than one year | 29 | €141,475 | €144,940 | +€3,464 | +2.4% |
| Other amounts receivable | 291 | €141,475 | €144,940 | +€3,464 | +2.4% |
| Amounts receivable within one year | 40/41 | €747 | €150 | -€597 | -79.9% |
| Trade receivables | 40 | €105 | €150 | +€45 | +42.9% |
| Other amounts receivable | 41 | €642 | €0 | -€642 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,265 | €2,264 | -€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €6,557 | €6,725 | +€168 | +2.6% |
| Total equity and liabilities | 10/49 | €268,177 | €267,195 | -€982 | -0.4% |
| Equity | 10/15 | €265,719 | €266,181 | +€462 | +0.2% |
| 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% |
| Revaluation surpluses | 12 | €63,186 | €63,186 | = | 0.0% |
| Reserves | 13 | €145,616 | €145,616 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €139,416 | €139,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,083 | -€4,621 | +€462 | +9.1% |
| Amounts payable | 17/49 | €2,458 | €1,014 | -€1,444 | -58.8% |
| Amounts payable within one year | 42/48 | €470 | €1,014 | +€543 | +115.6% |
| Trade debts | 44 | €470 | €324 | -€146 | -31.1% |
| Suppliers | 440/4 | €470 | €324 | -€146 | -31.1% |
| Taxes, remuneration and social security | 45 | €0 | €690 | +€690 | |
| Taxes | 450/3 | €0 | €690 | +€690 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,987 | €0 | -€1,987 | -100.0% |
| Remuneration, social security and pensions | 62 | €21,530 | €316 | -€21,214 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,678 | €4,017 | -€661 | -14.1% |
| Other operating charges | 640/8 | €3,701 | €3,474 | -€227 | -6.1% |
| Gross operating margin | 9900 | €21,500 | €4,784 | -€16,716 | -77.7% |
| Operating profit (loss) | 9901 | -€8,408 | -€3,023 | +€5,385 | +64.0% |
| Financial income | 75/76B | €3,464 | €3,624 | +€159 | +4.6% |
| Recurring financial income | 75 | €3,464 | €3,624 | +€159 | +4.6% |
| Financial charges | 65/66B | €139 | €139 | -€1 | -0.5% |
| Recurring financial charges | 65 | €139 | €139 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,083 | €462 | +€5,545 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,083 | €462 | +€5,545 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,083 | €462 | +€5,545 |
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 3 October 2026 via checked.be.