R-Property: 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-Property
Largest movements
- Cash +€67,685
up €67,685 (+75.8%), from €89,295 to €156,980
mainly Net result for the year (+€37,965) and Depreciation (+€16,221)
- Tangible fixed assets -€16,221
down €16,221 (-28.8%), from €56,227 to €40,006
of which Furniture and vehicles: -€14,776
- Receivables within one year -€10,232
down €10,232 (-25.9%), from €39,573 to €29,341
of which Trade receivables: -€22,330
- Reserves +€37,965
up €37,965 (+37.3%), from €101,874 to €139,839
- Tax, wage and social debts +€14,269
up €14,269 (+59.8%), from €23,861 to €38,130
- Debts after one year -€13,321
down €13,321 (-32.2%), from €41,358 to €28,037
- Trade debts +€2,390
up €2,390 (+300.0%), from €796 to €3,186
- Gross operating margin -€22,268
down €22,268 (-25.0%), from €89,212 to €66,944
- Taxes -€4,414
down €4,414 (-30.4%), from €14,516 to €10,102
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 | €186,093 | €227,513 | +€41,420 | +22.3% |
| Fixed assets | 21/28 | €56,227 | €40,006 | -€16,221 | -28.8% |
| Tangible fixed assets | 22/27 | €56,227 | €40,006 | -€16,221 | -28.8% |
| Plant, machinery and equipment | 23 | €3,479 | €2,034 | -€1,446 | -41.5% |
| Furniture and vehicles | 24 | €52,748 | €37,972 | -€14,776 | -28.0% |
| Current assets | 29/58 | €129,866 | €187,507 | +€57,642 | +44.4% |
| Amounts receivable within one year | 40/41 | €39,573 | €29,341 | -€10,232 | -25.9% |
| Trade receivables | 40 | €39,573 | €17,243 | -€22,330 | -56.4% |
| Other amounts receivable | 41 | - | €12,097 | +€12,097 | |
| Cash at bank and in hand | 54/58 | €89,295 | €156,980 | +€67,685 | +75.8% |
| Deferred charges and accrued income | 490/1 | €998 | €1,187 | +€189 | +18.9% |
| Total equity and liabilities | 10/49 | €186,093 | €227,513 | +€41,420 | +22.3% |
| Equity | 10/15 | €106,874 | €144,839 | +€37,965 | +35.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €101,874 | €139,839 | +€37,965 | +37.3% |
| Distributable reserves | 133 | €101,874 | €139,839 | +€37,965 | +37.3% |
| Amounts payable | 17/49 | €79,219 | €82,674 | +€3,455 | +4.4% |
| Amounts payable after more than one year | 17 | €41,358 | €28,037 | -€13,321 | -32.2% |
| Financial debts | 170/4 | €41,358 | €28,037 | -€13,321 | -32.2% |
| Amounts payable within one year | 42/48 | €37,860 | €54,637 | +€16,777 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €11,821 | €13,321 | +€1,501 | +12.7% |
| Trade debts | 44 | €796 | €3,186 | +€2,390 | +300.0% |
| Suppliers | 440/4 | €796 | €3,186 | +€2,390 | +300.0% |
| Taxes, remuneration and social security | 45 | €23,861 | €38,130 | +€14,269 | +59.8% |
| Taxes | 450/3 | €23,861 | €38,130 | +€14,269 | +59.8% |
| Other amounts payable | 47/48 | €1,382 | - | -€1,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,991 | €16,221 | +€231 | +1.4% |
| Other operating charges | 640/8 | €395 | €219 | -€176 | -44.6% |
| Gross operating margin | 9900 | €89,212 | €66,944 | -€22,268 | -25.0% |
| Operating profit (loss) | 9901 | €72,826 | €50,504 | -€22,323 | -30.7% |
| Financial income | 75/76B | €0 | €545 | +€545 | +5448000.0% |
| Recurring financial income | 75 | €0 | €545 | +€545 | +5448000.0% |
| Financial charges | 65/66B | €2,180 | €2,981 | +€801 | +36.8% |
| Recurring financial charges | 65 | €2,180 | €2,981 | +€801 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €70,646 | €48,067 | -€22,579 | -32.0% |
| Income taxes | 67/77 | €14,516 | €10,102 | -€4,414 | -30.4% |
| Profit (loss) for the period | 9904 | €56,130 | €37,965 | -€18,166 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,130 | €37,965 | -€18,166 | -32.4% |
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.