RAILWAY REALTY: what changed
What changed
RAILWAY REALTY
filed annual accounts (NBB)
Net result for the year
-€13,583
2024 · -€33,859+€20,275
Equity
€15,355
2024 · €28,939-€13,583
Cash
€4,914
2024 · €1,049+€3,865
Balance sheet total
€1.0m
2024 · €1.0m-€10,216
Largest movements
Assets
- Receivables within one year -€14,081
no longer reported in 2025 (was €14,081)
Equity and liabilities
- Profit (loss) carried forward -€13,583
down €13,583 (-8.4%), from -€161,061 to -€174,645
Income statement
- Financial charges -€13,305
down €13,305 (-32.0%), from €41,576 to €28,271
- Gross operating margin +€6,991
up €6,991 (+80.4%), from €8,695 to €15,686
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€33,859
Gross operating margin
+€6,991
Other operating charges
-€21
Financial charges
+€13,305
Result 2025
-€13,583
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3,865
Investment
€0
Financing
€0
Cash 2024
€1,049
From operations (derived)
+€3,865
Net result for the year
-€13,583
Receivables within one year
+€14,081
Trade debts
+€480
Other debts
+€2,749
Accrued charges and deferred income
+€138
Cash 2025
€4,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,037,630 | €1,027,414 | -€10,216 | -1.0% |
| Fixed assets | 21/28 | €1,022,500 | €1,022,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,022,500 | €1,022,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,022,500 | €1,022,500 | = | 0.0% |
| Current assets | 29/58 | €15,130 | €4,914 | -€10,216 | -67.5% |
| Amounts receivable within one year | 40/41 | €14,081 | - | -€14,081 | |
| Trade receivables | 40 | €14,081 | - | -€14,081 | |
| Cash at bank and in hand | 54/58 | €1,049 | €4,914 | +€3,865 | +368% |
| Total equity and liabilities | 10/49 | €1,037,630 | €1,027,414 | -€10,216 | -1.0% |
| Equity | 10/15 | €28,939 | €15,355 | -€13,583 | -46.9% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,061 | -€174,645 | -€13,583 | -8.4% |
| Amounts payable | 17/49 | €1,008,692 | €1,012,059 | +€3,367 | +0.3% |
| Amounts payable within one year | 42/48 | €1,002,866 | €1,006,095 | +€3,229 | +0.3% |
| Trade debts | 44 | - | €480 | +€480 | |
| Suppliers | 440/4 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | €1,002,866 | €1,005,616 | +€2,749 | +0.3% |
| Accrued charges and deferred income | 492/3 | €5,825 | €5,963 | +€138 | +2.4% |
| Non-recurring operating income | 76A | - | €8,175 | +€8,175 | |
| Other operating charges | 640/8 | €978 | €998 | +€21 | +2.1% |
| Gross operating margin | 9900 | €8,695 | €15,686 | +€6,991 | +80.4% |
| Operating profit (loss) | 9901 | €7,717 | €14,688 | +€6,970 | +90.3% |
| Financial charges | 65/66B | €41,576 | €28,271 | -€13,305 | -32.0% |
| Recurring financial charges | 65 | €41,576 | €28,271 | -€13,305 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,859 | -€13,583 | +€20,275 | +59.9% |
| Profit (loss) for the period | 9904 | -€33,859 | -€13,583 | +€20,275 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,859 | -€13,583 | +€20,275 | +59.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.