RaCé X 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.
RaCé X Immo
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€110,486
up €110,486 (+11.6%), from €951,882 to €1.1m
- Profit (loss) carried forward -€73,791
down €73,791 (-17.4%), from -€424,026 to -€497,817
- Debts after one year -€71,629
down €71,629 (-7.9%), from €904,268 to €832,639
of which Financial debts: -€73,609
- Financial income -€40,935
down €40,935 (-100.0%), from €40,935 to €1
- Depreciation +€6,239
up €6,239 (+8.1%), from €77,148 to €83,387
- Other operating charges -€5,564
down €5,564 (-40.0%), from €13,898 to €8,334
- Gross operating margin -€5,529
down €5,529 (-11.3%), from €49,134 to €43,604
- Financial charges -€2,217
down €2,217 (-7.9%), from €27,892 to €25,675
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 | €1,560,973 | €1,544,350 | -€16,624 | -1.1% |
| Fixed assets | 21/28 | €1,555,286 | €1,543,931 | -€11,355 | -0.7% |
| Tangible fixed assets | 22/27 | €1,555,286 | €1,543,181 | -€12,105 | -0.8% |
| Land and buildings | 22 | €1,358,749 | €1,313,680 | -€45,069 | -3.3% |
| Plant, machinery and equipment | 23 | €28,233 | €96,451 | +€68,218 | +242% |
| Other tangible fixed assets | 26 | €168,305 | €133,050 | -€35,255 | -20.9% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €5,687 | €419 | -€5,268 | -92.6% |
| Cash at bank and in hand | 54/58 | €5,687 | €419 | -€5,268 | -92.6% |
| Total equity and liabilities | 10/49 | €1,560,973 | €1,544,350 | -€16,624 | -1.1% |
| Equity | 10/15 | -€417,826 | -€491,617 | -€73,791 | -17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€424,026 | -€497,817 | -€73,791 | -17.4% |
| Amounts payable | 17/49 | €1,978,800 | €2,035,967 | +€57,167 | +2.9% |
| Amounts payable after more than one year | 17 | €904,268 | €832,639 | -€71,629 | -7.9% |
| Financial debts | 170/4 | €882,773 | €809,164 | -€73,609 | -8.3% |
| Other amounts payable | 178/9 | €21,495 | €23,475 | +€1,980 | +9.2% |
| Amounts payable within one year | 42/48 | €1,074,532 | €1,203,328 | +€128,796 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €73,694 | €73,778 | +€84 | +0.1% |
| Financial debts | 43 | €45,000 | €53,259 | +€8,259 | +18.4% |
| Credit institutions | 430/8 | €45,000 | €53,259 | +€8,259 | +18.4% |
| Trade debts | 44 | €3,956 | €13,923 | +€9,967 | +252% |
| Suppliers | 440/4 | €3,956 | €13,923 | +€9,967 | +252% |
| Other amounts payable | 47/48 | €951,882 | €1,062,369 | +€110,486 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,148 | €83,387 | +€6,239 | +8.1% |
| Other operating charges | 640/8 | €13,898 | €8,334 | -€5,564 | -40.0% |
| Gross operating margin | 9900 | €49,134 | €43,604 | -€5,529 | -11.3% |
| Operating profit (loss) | 9901 | -€41,913 | -€48,116 | -€6,203 | -14.8% |
| Financial income | 75/76B | €40,935 | €1 | -€40,935 | -100.0% |
| Recurring financial income | 75 | €40,935 | €1 | -€40,935 | -100.0% |
| Financial charges | 65/66B | €27,892 | €25,675 | -€2,217 | -7.9% |
| Recurring financial charges | 65 | €27,892 | €25,675 | -€2,217 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,870 | -€73,791 | -€44,921 | -156% |
| Profit (loss) for the period | 9904 | -€28,870 | -€73,791 | -€44,921 | -156% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,870 | -€73,791 | -€44,921 | -156% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.