RANIMMO: 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.
RANIMMO
Largest movements
- Tangible fixed assets +€293,675
up €293,675 (+14.2%), from €2.1m to €2.4m
of which Land and buildings: +€2.0m
- Stocks and contracts +€106,819
up €106,819 (+56.8%), from €188,079 to €294,898
- Cash -€73,338
down €73,338 (-81.0%), from €90,563 to €17,225
mainly Current portion of long-term debt (-€578,077) and Investment in fixed assets (net) (-€354,628)
- Receivables within one year +€38,602
up €38,602 (+197%), from €19,634 to €58,236
of which Other amounts receivable: +€22,073
- Debts after one year +€686,483
up €686,483 (+85.7%), from €801,084 to €1.5m
- Current portion of long-term debt -€578,077
down €578,077 (-90.5%), from €638,642 to €60,566
- Other debts +€351,959
up €351,959 (+187%), from €188,079 to €540,038
- Tax, wage and social debts -€91,000
down €91,000 (-90.3%), from €100,831 to €9,831
- Profit (loss) carried forward +€65,745
up €65,745 (+9.3%), from -€708,723 to -€642,978
- Gross operating margin +€184,288
up €184,288, from -€10,303 to €173,985
- Depreciation +€35,917
up €35,917 (+143%), from €25,036 to €60,954
- Financial charges +€33,062
up €33,062 (+73.1%), from €45,243 to €78,305
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 | €2,381,850 | €2,748,085 | +€366,235 | +15.4% |
| Fixed assets | 21/28 | €2,073,296 | €2,366,971 | +€293,675 | +14.2% |
| Tangible fixed assets | 22/27 | €2,073,296 | €2,366,971 | +€293,675 | +14.2% |
| Land and buildings | 22 | €360,000 | €2,366,971 | +€2.0m | +557% |
| Assets under construction and advance payments | 27 | €1,713,296 | €0 | -€1.7m | -100% |
| Current assets | 29/58 | €308,554 | €381,114 | +€72,560 | +23.5% |
| Stocks and contracts in progress | 3 | €188,079 | €294,898 | +€106,819 | +56.8% |
| Stocks | 30/36 | €188,079 | €294,898 | +€106,819 | +56.8% |
| Amounts receivable within one year | 40/41 | €19,634 | €58,236 | +€38,602 | +197% |
| Trade receivables | 40 | €4,840 | €21,369 | +€16,529 | +342% |
| Other amounts receivable | 41 | €14,794 | €36,867 | +€22,073 | +149% |
| Cash at bank and in hand | 54/58 | €90,563 | €17,225 | -€73,338 | -81.0% |
| Deferred charges and accrued income | 490/1 | €10,278 | €10,755 | +€477 | +4.6% |
| Total equity and liabilities | 10/49 | €2,381,850 | €2,748,085 | +€366,235 | +15.4% |
| Equity | 10/15 | €332,282 | €374,509 | +€42,227 | +12.7% |
| Contributions | 10/11 | €33,500 | €33,500 | = | 0.0% |
| Revaluation surpluses | 12 | €60,050 | €60,050 | = | 0.0% |
| Reserves | 13 | €947,455 | €923,937 | -€23,518 | -2.5% |
| Tax-exempt reserves | 132 | €927,909 | €904,392 | -€23,518 | -2.5% |
| Distributable reserves | 133 | €19,546 | €19,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€708,723 | -€642,978 | +€65,745 | +9.3% |
| Provisions and deferred taxes | 16 | €252,732 | €244,893 | -€7,839 | -3.1% |
| Deferred taxes | 168 | €252,732 | €244,893 | -€7,839 | -3.1% |
| Amounts payable | 17/49 | €1,796,837 | €2,128,683 | +€331,847 | +18.5% |
| Amounts payable after more than one year | 17 | €801,084 | €1,487,567 | +€686,483 | +85.7% |
| Financial debts | 170/4 | €801,084 | €1,487,567 | +€686,483 | +85.7% |
| Amounts payable within one year | 42/48 | €985,754 | €610,541 | -€375,213 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €638,642 | €60,566 | -€578,077 | -90.5% |
| Trade debts | 44 | €58,202 | €106 | -€58,095 | -99.8% |
| Suppliers | 440/4 | €58,202 | €106 | -€58,095 | -99.8% |
| Taxes, remuneration and social security | 45 | €100,831 | €9,831 | -€91,000 | -90.3% |
| Taxes | 450/3 | €100,831 | €9,831 | -€91,000 | -90.3% |
| Other amounts payable | 47/48 | €188,079 | €540,038 | +€351,959 | +187% |
| Accrued charges and deferred income | 492/3 | €9,999 | €30,576 | +€20,577 | +206% |
| Non-recurring operating income | 76A | - | €15,531 | +€15,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,036 | €60,954 | +€35,917 | +143% |
| Other operating charges | 640/8 | €408 | €1,020 | +€612 | +150% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€10,303 | €173,985 | +€184,288 | |
| Operating profit (loss) | 9901 | -€35,748 | €112,011 | +€147,759 | |
| Financial income | 75/76B | €1,810 | €682 | -€1,128 | -62.3% |
| Recurring financial income | 75 | €1,810 | €682 | -€1,128 | -62.3% |
| Financial charges | 65/66B | €45,243 | €78,305 | +€33,062 | +73.1% |
| Recurring financial charges | 65 | €45,243 | €78,305 | +€33,062 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | -€79,181 | €34,388 | +€113,570 | |
| Transfer from deferred taxes | 780 | €5,547 | €7,839 | +€2,292 | +41.3% |
| Profit (loss) for the period | 9904 | -€73,635 | €42,227 | +€115,862 | |
| Transfer from tax-exempt reserves | 789 | €16,640 | €23,518 | +€6,877 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,994 | €65,745 | +€122,739 |
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 13 October 2026 via checked.be.