RBS IMMO: what changed
Two fiscal 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.
RBS IMMO
Largest movements
- Tangible fixed assets -€47,559
down €47,559 (-10.9%), from €437,629 to €390,070
of which Furniture and vehicles: -€38,741
- Receivables within one year -€23,426
down €23,426 (-30.7%), from €76,353 to €52,927
of which Other amounts receivable: -€14,425
- Deferred charges and accrued income +€7,340
up €7,340 (+201.4%), from €3,645 to €10,984
- Debts after one year -€53,487
down €53,487 (-58.9%), from €90,870 to €37,383
- Profit (loss) carried forward -€52,285
down €52,285 (-1188.5%), from -€4,399 to -€56,685
- Other debts +€41,678
up €41,678 (+12.1%), from €345,843 to €387,521
- Tax, wage and social debts -€8,820
down €8,820 (-100.0%), from €8,820 to €0
- Financial charges +€30,491
up €30,491 (+77.5%), from €39,361 to €69,853
- Gross operating margin -€19,888
down €19,888 (-22.6%), from €88,170 to €68,282
- Depreciation -€3,814
down €3,814 (-7.4%), from €51,373 to €47,559
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.
Cash bridge derived
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 | €554,882 | €485,727 | -€69,156 | -12.5% |
| Fixed assets | 21/28 | €437,654 | €390,095 | -€47,559 | -10.9% |
| Tangible fixed assets | 22/27 | €437,629 | €390,070 | -€47,559 | -10.9% |
| Land and buildings | 22 | €210,917 | €205,449 | -€5,468 | -2.6% |
| Furniture and vehicles | 24 | €223,362 | €184,620 | -€38,741 | -17.3% |
| Assets under construction and advance payments | 27 | €3,350 | €0 | -€3,350 | -100.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €117,229 | €95,632 | -€21,597 | -18.4% |
| Amounts receivable within one year | 40/41 | €76,353 | €52,927 | -€23,426 | -30.7% |
| Trade receivables | 40 | €53,756 | €44,755 | -€9,001 | -16.7% |
| Other amounts receivable | 41 | €22,596 | €8,172 | -€14,425 | -63.8% |
| Cash at bank and in hand | 54/58 | €37,231 | €31,720 | -€5,511 | -14.8% |
| Deferred charges and accrued income | 490/1 | €3,645 | €10,984 | +€7,340 | +201.4% |
| Total equity and liabilities | 10/49 | €554,882 | €485,727 | -€69,156 | -12.5% |
| Equity | 10/15 | €47,286 | -€5,000 | -€52,285 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,485 | €45,485 | = | 0.0% |
| Distributable reserves | 133 | €45,485 | €45,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,399 | -€56,685 | -€52,285 | -1188.5% |
| Amounts payable | 17/49 | €507,597 | €490,726 | -€16,870 | -3.3% |
| Amounts payable after more than one year | 17 | €90,870 | €37,383 | -€53,487 | -58.9% |
| Financial debts | 170/4 | €90,870 | €37,383 | -€53,487 | -58.9% |
| Amounts payable within one year | 42/48 | €415,410 | €452,114 | +€36,704 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €56,952 | €56,527 | -€425 | -0.7% |
| Trade debts | 44 | €3,795 | €8,066 | +€4,271 | +112.5% |
| Suppliers | 440/4 | €3,795 | €8,066 | +€4,271 | +112.5% |
| Taxes, remuneration and social security | 45 | €8,820 | €0 | -€8,820 | -100.0% |
| Taxes | 450/3 | €8,820 | €0 | -€8,820 | -100.0% |
| Other amounts payable | 47/48 | €345,843 | €387,521 | +€41,678 | +12.1% |
| Accrued charges and deferred income | 492/3 | €1,317 | €1,229 | -€87 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,373 | €47,559 | -€3,814 | -7.4% |
| Other operating charges | 640/8 | €3,568 | €3,024 | -€544 | -15.3% |
| Gross operating margin | 9900 | €88,170 | €68,282 | -€19,888 | -22.6% |
| Operating profit (loss) | 9901 | €33,229 | €17,699 | -€15,530 | -46.7% |
| Financial charges | 65/66B | €39,361 | €69,853 | +€30,491 | +77.5% |
| Recurring financial charges | 65 | €39,361 | €69,853 | +€30,491 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,132 | -€52,153 | -€46,021 | -750.5% |
| Income taxes | 67/77 | €127 | €132 | +€5 | +3.7% |
| Profit (loss) for the period | 9904 | -€6,259 | -€52,285 | -€46,026 | -735.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,259 | -€52,285 | -€46,026 | -735.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.