RDB IMMO 5: 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.
RDB IMMO 5
Largest movements
- Cash -€883,539
no longer reported in 2025 (was €883,539)
mainly Current investments (-€862,472) and Stocks and contracts (-€344,056)
- Current investments +€862,472
new in 2025: €862,472
- Receivables within one year -€438,270
down €438,270 (-38.1%), from €1.1m to €711,695
of which Trade receivables: -€359,278
- Stocks and contracts +€344,056
up €344,056 (+98.8%), from €348,287 to €692,343
- Trade debts -€97,955
down €97,955 (-13.5%), from €727,397 to €629,442
- Tax, wage and social debts -€26,140
down €26,140 (-25.5%), from €102,632 to €76,492
- Turnover -€7.3m
no longer reported in 2025 (was €7.3m)
- Purchases and services -€7.1m
no longer reported in 2025 (was €7.1m)
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 | €2,392,426 | €2,285,736 | -€106,690 | -4.5% |
| Fixed assets | 21/28 | €10,635 | €19,226 | +€8,591 | +80.8% |
| Tangible fixed assets | 22/27 | €9,405 | €17,996 | +€8,591 | +91.3% |
| Furniture and vehicles | 24 | €9,405 | - | -€9,405 | |
| Leasing and similar rights | 25 | - | €17,996 | +€17,996 | |
| Financial fixed assets | 28 | €1,230 | €1,230 | = | 0.0% |
| Current assets | 29/58 | €2,381,791 | €2,266,510 | -€115,281 | -4.8% |
| Stocks and contracts in progress | 3 | €348,287 | €692,343 | +€344,056 | +98.8% |
| Contracts in progress | 37 | €348,287 | €692,343 | +€344,056 | +98.8% |
| Amounts receivable within one year | 40/41 | €1,149,965 | €711,695 | -€438,270 | -38.1% |
| Trade receivables | 40 | €920,321 | €561,043 | -€359,278 | -39.0% |
| Other amounts receivable | 41 | €229,644 | €150,652 | -€78,992 | -34.4% |
| Current investments | 50/53 | - | €862,472 | +€862,472 | |
| Cash at bank and in hand | 54/58 | €883,539 | - | -€883,539 | |
| Total equity and liabilities | 10/49 | €2,392,426 | €2,285,736 | -€106,690 | -4.5% |
| Equity | 10/15 | €1,551,766 | €1,565,299 | +€13,533 | +0.9% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €57 | €57 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57 | €57 | = | 0.0% |
| Legal reserve | 130 | €57 | €57 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,464,946 | €1,478,479 | +€13,533 | +0.9% |
| Amounts payable | 17/49 | €840,660 | €720,437 | -€120,223 | -14.3% |
| Amounts payable after more than one year | 17 | €1,700 | €8,656 | +€6,956 | +409% |
| Financial debts | 170/4 | €1,700 | €8,656 | +€6,956 | +409% |
| Amounts payable within one year | 42/48 | €838,960 | €711,781 | -€127,179 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €8,931 | €5,847 | -€3,084 | -34.5% |
| Trade debts | 44 | €727,397 | €629,442 | -€97,955 | -13.5% |
| Suppliers | 440/4 | €727,397 | €629,442 | -€97,955 | -13.5% |
| Taxes, remuneration and social security | 45 | €102,632 | €76,492 | -€26,140 | -25.5% |
| Taxes | 450/3 | €102,632 | €76,492 | -€26,140 | -25.5% |
| Turnover | 70 | €7,272,459 | - | -€7.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,068,637 | - | -€7.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,797 | €18,269 | +€5,472 | +42.8% |
| Other operating charges | 640/8 | €2,857 | €19,123 | +€16,266 | +569% |
| Gross operating margin | 9900 | €203,822 | €255,155 | +€51,333 | +25.2% |
| Operating profit (loss) | 9901 | €188,168 | €217,763 | +€29,595 | +15.7% |
| Financial income | 75/76B | €5,791 | €27,692 | +€21,901 | +378% |
| Recurring financial income | 75 | €5,791 | €27,692 | +€21,901 | +378% |
| Financial charges | 65/66B | €4,096 | €8,316 | +€4,220 | +103% |
| Recurring financial charges | 65 | €4,096 | €8,316 | +€4,220 | +103% |
| Profit (loss) for the period before taxes | 9903 | €189,863 | €237,139 | +€47,276 | +24.9% |
| Income taxes | 67/77 | €49,640 | €109,335 | +€59,695 | +120% |
| Profit (loss) for the period | 9904 | €140,223 | €127,804 | -€12,419 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,223 | €127,804 | -€12,419 | -8.9% |
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 23 October 2026 via checked.be.