RC IMMO PROJECTS: 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.
RC IMMO PROJECTS
Largest movements
- Tangible fixed assets +€210,873
up €210,873 (+65.1%), from €324,125 to €534,998
of which Land and buildings: +€534,998
- Cash +€13,187
up €13,187 (+312.9%), from €4,215 to €17,401
mainly Trade debts (+€205,387) and Net result for the year (+€38,775)
- Trade debts +€205,387
up €205,387 (+2628.1%), from €7,815 to €213,202
- Profit (loss) carried forward +€38,775
up €38,775 (+4526.5%), from €857 to €39,632
- Debts after one year -€23,114
down €23,114 (-7.0%), from €328,285 to €305,171
- Tax, wage and social debts +€7,653
up €7,653 (+1687.4%), from €454 to €8,107
- Gross operating margin +€50,800
up €50,800 (+202.4%), from €25,096 to €75,896
- Taxes +€7,200
up €7,200 (+1587.4%), from €454 to €7,653
- Depreciation +€5,790
up €5,790 (+33.9%), from €17,059 to €22,849
- Other operating charges +€4,176
up €4,176 (+1534.2%), from €272 to €4,448
- Financial income +€2,843
up €2,843 (+15205.6%), from €19 to €2,862
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 | €379,369 | €606,313 | +€226,944 | +59.8% |
| Fixed assets | 21/28 | €324,125 | €535,898 | +€211,773 | +65.3% |
| Tangible fixed assets | 22/27 | €324,125 | €534,998 | +€210,873 | +65.1% |
| Land and buildings | 22 | - | €534,998 | +€534,998 | |
| Assets under construction and advance payments | 27 | €324,125 | €0 | -€324,125 | -100.0% |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €55,244 | €70,415 | +€15,171 | +27.5% |
| Amounts receivable within one year | 40/41 | €51,030 | €51,668 | +€638 | +1.2% |
| Trade receivables | 40 | €165 | €0 | -€165 | -100.0% |
| Other amounts receivable | 41 | €50,865 | €51,668 | +€803 | +1.6% |
| Cash at bank and in hand | 54/58 | €4,215 | €17,401 | +€13,187 | +312.9% |
| Deferred charges and accrued income | 490/1 | - | €1,346 | +€1,346 | |
| Total equity and liabilities | 10/49 | €379,369 | €606,313 | +€226,944 | +59.8% |
| Equity | 10/15 | €15,857 | €54,632 | +€38,775 | +244.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €857 | €39,632 | +€38,775 | +4526.5% |
| Amounts payable | 17/49 | €363,513 | €551,681 | +€188,168 | +51.8% |
| Amounts payable after more than one year | 17 | €328,285 | €305,171 | -€23,114 | -7.0% |
| Financial debts | 170/4 | €328,285 | €305,171 | -€23,114 | -7.0% |
| Amounts payable within one year | 42/48 | €35,228 | €246,510 | +€211,282 | +599.8% |
| Current portion of amounts payable after more than one year | 42 | €26,959 | €25,202 | -€1,758 | -6.5% |
| Trade debts | 44 | €7,815 | €213,202 | +€205,387 | +2628.1% |
| Suppliers | 440/4 | €7,815 | €213,202 | +€205,387 | +2628.1% |
| Taxes, remuneration and social security | 45 | €454 | €8,107 | +€7,653 | +1687.4% |
| Taxes | 450/3 | €454 | €8,107 | +€7,653 | +1687.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,059 | €22,849 | +€5,790 | +33.9% |
| Other operating charges | 640/8 | €272 | €4,448 | +€4,176 | +1534.2% |
| Gross operating margin | 9900 | €25,096 | €75,896 | +€50,800 | +202.4% |
| Operating profit (loss) | 9901 | €7,764 | €48,598 | +€40,834 | +525.9% |
| Financial income | 75/76B | €19 | €2,862 | +€2,843 | +15205.6% |
| Recurring financial income | 75 | €19 | €2,862 | +€2,843 | +15205.6% |
| Financial charges | 65/66B | €4,939 | €5,032 | +€93 | +1.9% |
| Recurring financial charges | 65 | €4,939 | €5,032 | +€93 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €2,844 | €46,428 | +€43,584 | +1532.5% |
| Income taxes | 67/77 | €454 | €7,653 | +€7,200 | +1587.4% |
| Profit (loss) for the period | 9904 | €2,390 | €38,775 | +€36,385 | +1522.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,390 | €38,775 | +€36,385 | +1522.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.