RAC 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.
RAC IMMO
Largest movements
- Tangible fixed assets +€756,512
up €756,512 (+58.6%), from €1.3m to €2.0m
of which Land and buildings: +€621,617
- Cash +€41,886
up €41,886 (+305%), from €13,731 to €55,617
mainly Other debts (+€714,450) and Debts after one year (+€131,020)
- Other debts +€714,450
up €714,450 (+167%), from €426,578 to €1.1m
- Debts after one year +€131,020
up €131,020 (+95.7%), from €136,924 to €267,944
- Trade debts -€44,917
down €44,917 (-99.1%), from €45,339 to €422
- Gross operating margin +€17,852
up €17,852 (+37.5%), from €47,591 to €65,443
- Depreciation +€4,456
up €4,456 (+14.1%), from €31,701 to €36,157
- Financial charges +€3,742
up €3,742 (+48.8%), from €7,669 to €11,411
- Other operating charges +€1,203
up €1,203 (+19.9%), from €6,053 to €7,256
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 | €1,319,536 | €2,131,227 | +€811,691 | +61.5% |
| Fixed assets | 21/28 | €1,290,273 | €2,046,786 | +€756,512 | +58.6% |
| Tangible fixed assets | 22/27 | €1,290,023 | €2,046,536 | +€756,512 | +58.6% |
| Land and buildings | 22 | €1,290,023 | €1,911,640 | +€621,617 | +48.2% |
| Furniture and vehicles | 24 | - | €134,896 | +€134,896 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €29,263 | €84,441 | +€55,179 | +189% |
| Amounts receivable within one year | 40/41 | €12,000 | €26,503 | +€14,503 | +121% |
| Trade receivables | 40 | €12,000 | €24,527 | +€12,527 | +104% |
| Other amounts receivable | 41 | - | €1,976 | +€1,976 | |
| Cash at bank and in hand | 54/58 | €13,731 | €55,617 | +€41,886 | +305% |
| Deferred charges and accrued income | 490/1 | €3,532 | €2,322 | -€1,210 | -34.3% |
| Total equity and liabilities | 10/49 | €1,319,536 | €2,131,227 | +€811,691 | +61.5% |
| Equity | 10/15 | €691,702 | €702,384 | +€10,682 | +1.5% |
| Contributions | 10/11 | €740,000 | €740,000 | = | 0.0% |
| Reserves | 13 | €264 | €264 | = | 0.0% |
| Distributable reserves | 133 | €264 | €264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,562 | -€37,880 | +€10,682 | +22.0% |
| Amounts payable | 17/49 | €627,834 | €1,428,843 | +€801,009 | +128% |
| Amounts payable after more than one year | 17 | €136,924 | €267,944 | +€131,020 | +95.7% |
| Financial debts | 170/4 | €136,924 | €267,944 | +€131,020 | +95.7% |
| Amounts payable within one year | 42/48 | €490,910 | €1,160,898 | +€669,989 | +136% |
| Current portion of amounts payable after more than one year | 42 | €18,993 | €19,448 | +€455 | +2.4% |
| Trade debts | 44 | €45,339 | €422 | -€44,917 | -99.1% |
| Suppliers | 440/4 | €45,339 | €422 | -€44,917 | -99.1% |
| Other amounts payable | 47/48 | €426,578 | €1,141,028 | +€714,450 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,701 | €36,157 | +€4,456 | +14.1% |
| Other operating charges | 640/8 | €6,053 | €7,256 | +€1,203 | +19.9% |
| Gross operating margin | 9900 | €47,591 | €65,443 | +€17,852 | +37.5% |
| Operating profit (loss) | 9901 | €9,837 | €22,029 | +€12,192 | +124% |
| Financial income | 75/76B | - | €64 | +€64 | |
| Recurring financial income | 75 | - | €64 | +€64 | |
| Financial charges | 65/66B | €7,669 | €11,411 | +€3,742 | +48.8% |
| Recurring financial charges | 65 | €7,669 | €11,411 | +€3,742 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €2,168 | €10,682 | +€8,514 | +393% |
| Profit (loss) for the period | 9904 | €2,168 | €10,682 | +€8,514 | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €2,168 | €10,682 | +€8,514 | +393% |
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 15 October 2026 via checked.be.