R&L Immo: 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.
R&L Immo
Largest movements
- Stocks and contracts -€468,000
down €468,000 (-76.1%), from €615,000 to €147,000
- Cash +€31,713
up €31,713 (+80,593%), from €39 to €31,753
mainly Stocks and contracts (+€468,000) and Other debts (+€27,800)
- Tangible fixed assets -€15,601
down €15,601 (-49.5%), from €31,518 to €15,916
of which Furniture and vehicles: -€14,278
- Current portion of long-term debt -€320,000
no longer reported in 2025 (was €320,000)
- Profit (loss) carried forward -€142,086
down €142,086, from €21,481 to -€120,605
- Other debts +€27,800
up €27,800 (+12.9%), from €215,444 to €243,244
- Tax, wage and social debts -€18,165
down €18,165 (-25.0%), from €72,641 to €54,476
of which Remuneration and social security: -€26,723
- Gross operating margin -€246,527
down €246,527, from €152,481 to -€94,046
- Staff costs -€99,134
down €99,134 (-99.4%), from €99,740 to €605
- Taxes -€8,422
down €8,422, from €8,188 to -€234
- Depreciation +€4,106
up €4,106 (+64.7%), from €6,349 to €10,456
- Other operating charges +€1,591
up €1,591 (+39.6%), from €4,021 to €5,612
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,420 | €201,419 | -€453,001 | -69.2% |
| Fixed assets | 21/28 | €31,518 | €15,916 | -€15,601 | -49.5% |
| Tangible fixed assets | 22/27 | €31,518 | €15,916 | -€15,601 | -49.5% |
| Plant, machinery and equipment | 23 | €3,668 | €2,345 | -€1,323 | -36.1% |
| Furniture and vehicles | 24 | €27,850 | €13,572 | -€14,278 | -51.3% |
| Current assets | 29/58 | €622,903 | €185,503 | -€437,399 | -70.2% |
| Stocks and contracts in progress | 3 | €615,000 | €147,000 | -€468,000 | -76.1% |
| Contracts in progress | 37 | €615,000 | €147,000 | -€468,000 | -76.1% |
| Amounts receivable within one year | 40/41 | €6,940 | €4,583 | -€2,357 | -34.0% |
| Trade receivables | 40 | €1,129 | - | -€1,129 | |
| Other amounts receivable | 41 | €5,810 | €4,583 | -€1,227 | -21.1% |
| Cash at bank and in hand | 54/58 | €39 | €31,753 | +€31,713 | +80,593% |
| Deferred charges and accrued income | 490/1 | €923 | €2,167 | +€1,244 | +135% |
| Total equity and liabilities | 10/49 | €654,420 | €201,419 | -€453,001 | -69.2% |
| Equity | 10/15 | €28,981 | -€113,105 | -€142,086 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,481 | -€120,605 | -€142,086 | |
| Amounts payable | 17/49 | €625,439 | €314,525 | -€310,914 | -49.7% |
| Amounts payable within one year | 42/48 | €625,439 | €314,525 | -€310,914 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €320,000 | - | -€320,000 | |
| Trade debts | 44 | €17,354 | €16,805 | -€549 | -3.2% |
| Suppliers | 440/4 | €17,354 | €16,805 | -€549 | -3.2% |
| Taxes, remuneration and social security | 45 | €72,641 | €54,476 | -€18,165 | -25.0% |
| Taxes | 450/3 | €45,918 | €54,476 | +€8,558 | +18.6% |
| Remuneration and social security | 454/9 | €26,723 | - | -€26,723 | |
| Other amounts payable | 47/48 | €215,444 | €243,244 | +€27,800 | +12.9% |
| Remuneration, social security and pensions | 62 | €99,740 | €605 | -€99,134 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,349 | €10,456 | +€4,106 | +64.7% |
| Other operating charges | 640/8 | €4,021 | €5,612 | +€1,591 | +39.6% |
| Non-recurring operating charges | 66A | €237 | €20,491 | +€20,254 | +8,543% |
| Gross operating margin | 9900 | €152,481 | -€94,046 | -€246,527 | |
| Operating profit (loss) | 9901 | €42,134 | -€131,210 | -€173,344 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €12,465 | €11,110 | -€1,355 | -10.9% |
| Recurring financial charges | 65 | €12,465 | €11,110 | -€1,355 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €29,669 | -€142,320 | -€171,989 | |
| Income taxes | 67/77 | €8,188 | -€234 | -€8,422 | |
| Profit (loss) for the period | 9904 | €21,481 | -€142,086 | -€163,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,481 | -€142,086 | -€163,567 |
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 29 October 2026 via checked.be.