RDS 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.
RDS IMMO
Largest movements
- Cash +€13,303
up €13,303 (+37.3%), from €35,645 to €48,948
mainly Depreciation (+€23,403) and Debts after one year (+€7,667)
- Tangible fixed assets -€10,223
down €10,223 (-2.3%), from €443,485 to €433,261
of which Land and buildings: -€10,074
- Receivables within one year +€5,459
up €5,459 (+64.5%), from €8,466 to €13,925
of which Trade receivables: +€5,831
- Debts after one year +€7,667
up €7,667 (+1.7%), from €443,644 to €451,312
- Reserves +€5,514
up €5,514 (+35.3%), from €15,601 to €21,115
- Gross operating margin +€3,330
up €3,330 (+7.5%), from €44,353 to €47,683
- Financial charges -€1,155
down €1,155 (-7.6%), from €15,163 to €14,008
- Taxes +€1,012
up €1,012 (+353.2%), from €287 to €1,299
- Depreciation +€722
up €722 (+3.2%), from €22,681 to €23,403
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 | €489,444 | €501,599 | +€12,155 | +2.5% |
| Fixed assets | 21/28 | €443,485 | €435,761 | -€7,723 | -1.7% |
| Tangible fixed assets | 22/27 | €443,485 | €433,261 | -€10,223 | -2.3% |
| Land and buildings | 22 | €443,335 | €433,261 | -€10,074 | -2.3% |
| Plant, machinery and equipment | 23 | €150 | €0 | -€150 | -100.0% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €45,959 | €65,838 | +€19,878 | +43.3% |
| Amounts receivable within one year | 40/41 | €8,466 | €13,925 | +€5,459 | +64.5% |
| Trade receivables | 40 | €8,054 | €13,885 | +€5,831 | +72.4% |
| Other amounts receivable | 41 | €412 | €40 | -€372 | -90.3% |
| Cash at bank and in hand | 54/58 | €35,645 | €48,948 | +€13,303 | +37.3% |
| Deferred charges and accrued income | 490/1 | €1,849 | €2,964 | +€1,116 | +60.3% |
| Total equity and liabilities | 10/49 | €489,444 | €501,599 | +€12,155 | +2.5% |
| Equity | 10/15 | €21,801 | €27,315 | +€5,514 | +25.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,601 | €21,115 | +€5,514 | +35.3% |
| Distributable reserves | 133 | €15,601 | €21,115 | +€5,514 | +35.3% |
| Amounts payable | 17/49 | €467,643 | €474,284 | +€6,641 | +1.4% |
| Amounts payable after more than one year | 17 | €443,644 | €451,312 | +€7,667 | +1.7% |
| Financial debts | 170/4 | €443,644 | €451,312 | +€7,667 | +1.7% |
| Amounts payable within one year | 42/48 | €23,639 | €22,972 | -€667 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €20,782 | €21,587 | +€804 | +3.9% |
| Trade debts | 44 | €2,570 | €87 | -€2,483 | -96.6% |
| Suppliers | 440/4 | €2,570 | €87 | -€2,483 | -96.6% |
| Taxes, remuneration and social security | 45 | €287 | €1,299 | +€1,012 | +353.2% |
| Taxes | 450/3 | €287 | €1,299 | +€1,012 | +353.2% |
| Accrued charges and deferred income | 492/3 | €360 | €0 | -€360 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,681 | €23,403 | +€722 | +3.2% |
| Other operating charges | 640/8 | €3,358 | €3,460 | +€102 | +3.0% |
| Gross operating margin | 9900 | €44,353 | €47,683 | +€3,330 | +7.5% |
| Operating profit (loss) | 9901 | €18,315 | €20,820 | +€2,506 | +13.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,163 | €14,008 | -€1,155 | -7.6% |
| Recurring financial charges | 65 | €15,163 | €14,008 | -€1,155 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €3,152 | €6,813 | +€3,661 | +116.1% |
| Income taxes | 67/77 | €287 | €1,299 | +€1,012 | +353.2% |
| Profit (loss) for the period | 9904 | €2,866 | €5,514 | +€2,649 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,866 | €5,514 | +€2,649 | +92.4% |
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 7 October 2026 via checked.be.