RAAL 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.
RAAL Immo
Largest movements
- Cash +€34,036
up €34,036 (+321.2%), from €10,598 to €44,634
mainly Net result for the year (+€22,720) and Receivables within one year (+€10,520)
- Receivables within one year -€10,520
down €10,520 (-22.7%), from €46,289 to €35,769
of which Trade receivables: -€10,520
- Tangible fixed assets -€8,540
down €8,540 (-4.2%), from €204,969 to €196,429
- Profit (loss) carried forward +€22,720
up €22,720 (+48.5%), from €46,824 to €69,544
- Debts after one year -€16,467
down €16,467 (-11.0%), from €149,907 to €133,440
- Trade debts +€7,168
up €7,168 (+1804.8%), from €397 to €7,565
- Gross operating margin +€5,086
up €5,086 (+10.3%), from €49,491 to €54,576
- Taxes +€1,657
up €1,657 (+23.2%), from €7,155 to €8,813
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 | €261,856 | €276,832 | +€14,975 | +5.7% |
| Fixed assets | 21/28 | €204,969 | €196,429 | -€8,540 | -4.2% |
| Tangible fixed assets | 22/27 | €204,969 | €196,429 | -€8,540 | -4.2% |
| Land and buildings | 22 | €204,969 | €196,429 | -€8,540 | -4.2% |
| Current assets | 29/58 | €56,887 | €80,403 | +€23,516 | +41.3% |
| Amounts receivable within one year | 40/41 | €46,289 | €35,769 | -€10,520 | -22.7% |
| Trade receivables | 40 | €10,520 | €0 | -€10,520 | -100.0% |
| Other amounts receivable | 41 | €35,769 | €35,769 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,598 | €44,634 | +€34,036 | +321.2% |
| Total equity and liabilities | 10/49 | €261,856 | €276,832 | +€14,975 | +5.7% |
| Equity | 10/15 | €59,224 | €81,944 | +€22,720 | +38.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,824 | €69,544 | +€22,720 | +48.5% |
| Amounts payable | 17/49 | €202,632 | €194,887 | -€7,745 | -3.8% |
| Amounts payable after more than one year | 17 | €149,907 | €133,440 | -€16,467 | -11.0% |
| Financial debts | 170/4 | €149,907 | €133,440 | -€16,467 | -11.0% |
| Amounts payable within one year | 42/48 | €52,725 | €61,447 | +€8,722 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €16,173 | €16,467 | +€294 | +1.8% |
| Trade debts | 44 | €397 | €7,565 | +€7,168 | +1804.8% |
| Suppliers | 440/4 | €397 | €7,565 | +€7,168 | +1804.8% |
| Taxes, remuneration and social security | 45 | €7,155 | €8,415 | +€1,260 | +17.6% |
| Taxes | 450/3 | €7,155 | €8,415 | +€1,260 | +17.6% |
| Other amounts payable | 47/48 | €29,000 | €29,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,540 | €8,540 | = | 0.0% |
| Other operating charges | 640/8 | €11,019 | €10,863 | -€156 | -1.4% |
| Gross operating margin | 9900 | €49,491 | €54,576 | +€5,086 | +10.3% |
| Operating profit (loss) | 9901 | €29,932 | €35,173 | +€5,242 | +17.5% |
| Financial charges | 65/66B | €3,674 | €3,640 | -€33 | -0.9% |
| Recurring financial charges | 65 | €3,674 | €3,640 | -€33 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €26,258 | €31,533 | +€5,275 | +20.1% |
| Income taxes | 67/77 | €7,155 | €8,813 | +€1,657 | +23.2% |
| Profit (loss) for the period | 9904 | €19,103 | €22,720 | +€3,618 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,103 | €22,720 | +€3,618 | +18.9% |
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 6 October 2026 via checked.be.