Racines 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.
Racines Immo
Largest movements
- Tangible fixed assets +€171,797
up €171,797 (+77.8%), from €220,863 to €392,660
- Debts after one year +€108,816
up €108,816 (+12,802%), from €850 to €109,666
of which Financial debts: +€108,681
- Other debts +€74,084
up €74,084 (+28.9%), from €256,478 to €330,562
- Profit (loss) carried forward -€21,654
down €21,654 (-56.1%), from -€38,611 to -€60,265
- Current portion of long-term debt +€10,119
new in 2025: €10,119
- Gross operating margin -€11,994
down €11,994, from €4,519 to -€7,475
- Depreciation +€604
up €604 (+5.0%), from €12,191 to €12,795
- Financial charges +€370
up €370 (+1,956%), from €19 to €389
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 | €226,252 | €397,372 | +€171,120 | +75.6% |
| Fixed assets | 21/28 | €220,863 | €392,660 | +€171,797 | +77.8% |
| Tangible fixed assets | 22/27 | €220,863 | €392,660 | +€171,797 | +77.8% |
| Land and buildings | 22 | €220,863 | €392,660 | +€171,797 | +77.8% |
| Current assets | 29/58 | €5,389 | €4,712 | -€677 | -12.6% |
| Amounts receivable within one year | 40/41 | - | €1,035 | +€1,035 | |
| Trade receivables | 40 | - | €1,035 | +€1,035 | |
| Cash at bank and in hand | 54/58 | €5,093 | €3,298 | -€1,795 | -35.2% |
| Deferred charges and accrued income | 490/1 | €295 | €378 | +€83 | +28.0% |
| Total equity and liabilities | 10/49 | €226,252 | €397,372 | +€171,120 | +75.6% |
| Equity | 10/15 | -€34,611 | -€56,265 | -€21,654 | -62.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,611 | -€60,265 | -€21,654 | -56.1% |
| Amounts payable | 17/49 | €260,863 | €453,637 | +€192,774 | +73.9% |
| Amounts payable after more than one year | 17 | €850 | €109,666 | +€108,816 | +12,802% |
| Financial debts | 170/4 | - | €108,681 | +€108,681 | |
| Other amounts payable | 178/9 | €850 | €985 | +€135 | +15.9% |
| Amounts payable within one year | 42/48 | €256,953 | €342,147 | +€85,194 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,119 | +€10,119 | |
| Trade debts | 44 | €476 | €1,466 | +€990 | +208% |
| Suppliers | 440/4 | €476 | €1,466 | +€990 | +208% |
| Other amounts payable | 47/48 | €256,478 | €330,562 | +€74,084 | +28.9% |
| Accrued charges and deferred income | 492/3 | €3,060 | €1,825 | -€1,235 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,191 | €12,795 | +€604 | +5.0% |
| Other operating charges | 640/8 | €982 | €995 | +€13 | +1.3% |
| Gross operating margin | 9900 | €4,519 | -€7,475 | -€11,994 | |
| Operating profit (loss) | 9901 | -€8,654 | -€21,265 | -€12,611 | -146% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €19 | €389 | +€370 | +1,956% |
| Recurring financial charges | 65 | €19 | €389 | +€370 | +1,956% |
| Profit (loss) for the period before taxes | 9903 | -€8,628 | -€21,654 | -€13,026 | -151% |
| Profit (loss) for the period | 9904 | -€8,628 | -€21,654 | -€13,026 | -151% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,628 | -€21,654 | -€13,026 | -151% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.