R.S. 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.S. IMMO
Largest movements
- Tangible fixed assets -€6,053
down €6,053 (-5.6%), from €107,400 to €101,347
of which Land and buildings: -€5,515
- Receivables after one year -€3,807
down €3,807 (-9.9%), from €38,320 to €34,513
- Debts after one year -€8,164
down €8,164 (-6.7%), from €122,638 to €114,474
- Profit (loss) carried forward -€6,354
down €6,354 (-14.0%), from -€45,523 to -€51,877
- Current portion of long-term debt +€5,887
up €5,887 (+259%), from €2,277 to €8,164
- Gross operating margin -€12,841
down €12,841 (-45.9%), from €27,972 to €15,130
- Other operating charges -€3,808
down €3,808 (-62.7%), from €6,072 to €2,264
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 | €205,679 | €196,627 | -€9,053 | -4.4% |
| Fixed assets | 21/28 | €107,712 | €101,659 | -€6,053 | -5.6% |
| Tangible fixed assets | 22/27 | €107,400 | €101,347 | -€6,053 | -5.6% |
| Land and buildings | 22 | €106,742 | €101,228 | -€5,515 | -5.2% |
| Plant, machinery and equipment | 23 | €658 | €120 | -€538 | -81.8% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €97,967 | €94,967 | -€3,000 | -3.1% |
| Amounts receivable after more than one year | 29 | €38,320 | €34,513 | -€3,807 | -9.9% |
| Trade receivables | 290 | €38,320 | €34,513 | -€3,807 | -9.9% |
| Amounts receivable within one year | 40/41 | €55,764 | €57,061 | +€1,298 | +2.3% |
| Trade receivables | 40 | €51,786 | €52,490 | +€704 | +1.4% |
| Other amounts receivable | 41 | €3,978 | €4,571 | +€593 | +14.9% |
| Cash at bank and in hand | 54/58 | €3,630 | €3,393 | -€237 | -6.5% |
| Deferred charges and accrued income | 490/1 | €253 | - | -€253 | |
| Total equity and liabilities | 10/49 | €205,679 | €196,627 | -€9,053 | -4.4% |
| Equity | 10/15 | €74,714 | €68,359 | -€6,354 | -8.5% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €33,473 | €33,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,797 | €24,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,523 | -€51,877 | -€6,354 | -14.0% |
| Amounts payable | 17/49 | €130,966 | €128,267 | -€2,698 | -2.1% |
| Amounts payable after more than one year | 17 | €122,638 | €114,474 | -€8,164 | -6.7% |
| Financial debts | 170/4 | €122,638 | €114,474 | -€8,164 | -6.7% |
| Amounts payable within one year | 42/48 | €8,328 | €13,793 | +€5,465 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €2,277 | €8,164 | +€5,887 | +259% |
| Financial debts | 43 | €2,020 | €2,625 | +€605 | +30.0% |
| Credit institutions | 430/8 | €2,020 | €2,625 | +€605 | +30.0% |
| Trade debts | 44 | €3,080 | €2,054 | -€1,026 | -33.3% |
| Suppliers | 440/4 | €3,080 | €2,054 | -€1,026 | -33.3% |
| Other amounts payable | 47/48 | €951 | €950 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,102 | €6,053 | -€50 | -0.8% |
| Other operating charges | 640/8 | €6,072 | €2,264 | -€3,808 | -62.7% |
| Gross operating margin | 9900 | €27,972 | €15,130 | -€12,841 | -45.9% |
| Operating profit (loss) | 9901 | €15,797 | €6,813 | -€8,984 | -56.9% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €13,453 | €13,220 | -€234 | -1.7% |
| Recurring financial charges | 65 | €13,453 | €13,220 | -€234 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €2,344 | -€6,354 | -€8,698 | |
| Profit (loss) for the period | 9904 | €2,344 | -€6,354 | -€8,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,344 | -€6,354 | -€8,698 |
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 28 October 2026 via checked.be.