R.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.IMMO
Largest movements
- Tangible fixed assets -€53,016
down €53,016 (-6.9%), from €765,982 to €712,966
of which Land and buildings: -€51,707
- Receivables within one year +€21,802
up €21,802 (+5.4%), from €407,257 to €429,059
of which Other amounts receivable: +€14,730
- Debts after one year -€131,584
down €131,584 (-36.9%), from €356,417 to €224,833
- Reserves +€72,559
up €72,559 (+8.3%), from €877,893 to €950,452
of which Distributable reserves: +€72,559
- Trade debts +€38,394
up €38,394 (+48.1%), from €79,818 to €118,212
- Gross operating margin -€12,297
down €12,297 (-5.9%), from €209,820 to €197,523
- Financial income -€12,103
down €12,103 (-77.7%), from €15,574 to €3,471
- Taxes -€10,656
down €10,656 (-28.7%), from €37,138 to €26,481
- Financial charges +€9,532
up €9,532 (+60.8%), from €15,676 to €25,208
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 | €1,601,455 | €1,580,026 | -€21,429 | -1.3% |
| Fixed assets | 21/28 | €1,166,730 | €1,113,714 | -€53,016 | -4.5% |
| Tangible fixed assets | 22/27 | €765,982 | €712,966 | -€53,016 | -6.9% |
| Land and buildings | 22 | €618,375 | €566,668 | -€51,707 | -8.4% |
| Plant, machinery and equipment | 23 | €6,122 | €4,812 | -€1,310 | -21.4% |
| Assets under construction and advance payments | 27 | €141,485 | €141,485 | = | 0.0% |
| Financial fixed assets | 28 | €400,748 | €400,748 | = | 0.0% |
| Current assets | 29/58 | €434,724 | €466,312 | +€31,588 | +7.3% |
| Amounts receivable within one year | 40/41 | €407,257 | €429,059 | +€21,802 | +5.4% |
| Trade receivables | 40 | €13,804 | €20,876 | +€7,072 | +51.2% |
| Other amounts receivable | 41 | €393,452 | €408,183 | +€14,730 | +3.7% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,326 | €6,500 | +€2,174 | +50.3% |
| Deferred charges and accrued income | 490/1 | €23,140 | €30,751 | +€7,611 | +32.9% |
| Total equity and liabilities | 10/49 | €1,601,455 | €1,580,026 | -€21,429 | -1.3% |
| Equity | 10/15 | €939,893 | €1,012,452 | +€72,559 | +7.7% |
| 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 | €877,893 | €950,452 | +€72,559 | +8.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €871,693 | €944,252 | +€72,559 | +8.3% |
| Amounts payable | 17/49 | €661,562 | €567,574 | -€93,987 | -14.2% |
| Amounts payable after more than one year | 17 | €356,417 | €224,833 | -€131,584 | -36.9% |
| Financial debts | 170/4 | €356,417 | €224,833 | -€131,584 | -36.9% |
| Amounts payable within one year | 42/48 | €303,911 | €342,095 | +€38,184 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €141,315 | €139,523 | -€1,791 | -1.3% |
| Financial debts | 43 | €9,143 | €0 | -€9,143 | -100.0% |
| Credit institutions | 430/8 | €9,143 | €0 | -€9,143 | -100.0% |
| Trade debts | 44 | €79,818 | €118,212 | +€38,394 | +48.1% |
| Suppliers | 440/4 | €79,818 | €118,212 | +€38,394 | +48.1% |
| Taxes, remuneration and social security | 45 | €54,795 | €63,618 | +€8,823 | +16.1% |
| Taxes | 450/3 | €54,795 | €63,618 | +€8,823 | +16.1% |
| Other amounts payable | 47/48 | €18,841 | €20,741 | +€1,900 | +10.1% |
| Accrued charges and deferred income | 492/3 | €1,233 | €647 | -€587 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,063 | €56,022 | -€1,041 | -1.8% |
| Other operating charges | 640/8 | €19,972 | €20,724 | +€751 | +3.8% |
| Gross operating margin | 9900 | €209,820 | €197,523 | -€12,297 | -5.9% |
| Operating profit (loss) | 9901 | €132,784 | €120,777 | -€12,007 | -9.0% |
| Financial income | 75/76B | €15,574 | €3,471 | -€12,103 | -77.7% |
| Recurring financial income | 75 | €15,574 | €3,471 | -€12,103 | -77.7% |
| Financial charges | 65/66B | €15,676 | €25,208 | +€9,532 | +60.8% |
| Recurring financial charges | 65 | €15,676 | €25,208 | +€9,532 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €132,682 | €99,040 | -€33,642 | -25.4% |
| Income taxes | 67/77 | €37,138 | €26,481 | -€10,656 | -28.7% |
| Profit (loss) for the period | 9904 | €95,545 | €72,559 | -€22,986 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,545 | €72,559 | -€22,986 | -24.1% |
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 8 October 2026 via checked.be.