RDW IMMO: 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.
RDW IMMO
Largest movements
- Tangible fixed assets -€114,057
down €114,057 (-14.5%), from €785,112 to €671,055
of which Land and buildings: -€114,605
- Debts after one year -€113,324
down €113,324 (-14.2%), from €799,668 to €686,344
- Profit (loss) carried forward +€17,225
up €17,225 (+23.6%), from -€73,128 to -€55,902
- Depreciation -€12,334
down €12,334 (-29.8%), from €41,347 to €29,013
- Gross operating margin +€9,519
up €9,519 (+11.4%), from €83,249 to €92,768
- Other operating charges +€5,427
up €5,427 (+80.1%), from €6,779 to €12,205
- Financial charges -€4,729
down €4,729 (-12.1%), from €39,054 to €34,325
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 | €797,275 | €688,765 | -€108,510 | -13.6% |
| Fixed assets | 21/28 | €785,875 | €671,618 | -€114,257 | -14.5% |
| Intangible fixed assets | 21 | €763 | €563 | -€200 | -26.2% |
| Tangible fixed assets | 22/27 | €785,112 | €671,055 | -€114,057 | -14.5% |
| Land and buildings | 22 | €783,813 | €669,208 | -€114,605 | -14.6% |
| Plant, machinery and equipment | 23 | €895 | €1,528 | +€632 | +70.6% |
| Furniture and vehicles | 24 | €404 | €320 | -€83 | -20.7% |
| Current assets | 29/58 | €11,400 | €17,146 | +€5,747 | +50.4% |
| Amounts receivable within one year | 40/41 | €7,243 | €3,878 | -€3,365 | -46.5% |
| Trade receivables | 40 | €6,979 | €1,666 | -€5,313 | -76.1% |
| Other amounts receivable | 41 | €263 | €2,211 | +€1,948 | +740.0% |
| Cash at bank and in hand | 54/58 | €2,478 | €7,749 | +€5,271 | +212.7% |
| Deferred charges and accrued income | 490/1 | €1,680 | €5,520 | +€3,841 | +228.7% |
| Total equity and liabilities | 10/49 | €797,275 | €688,765 | -€108,510 | -13.6% |
| Equity | 10/15 | -€66,928 | -€49,702 | +€17,225 | +25.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,128 | -€55,902 | +€17,225 | +23.6% |
| Amounts payable | 17/49 | €864,202 | €738,467 | -€125,735 | -14.5% |
| Amounts payable after more than one year | 17 | €799,668 | €686,344 | -€113,324 | -14.2% |
| Financial debts | 170/4 | €799,668 | €686,344 | -€113,324 | -14.2% |
| Amounts payable within one year | 42/48 | €59,398 | €48,480 | -€10,919 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €37,370 | €35,367 | -€2,003 | -5.4% |
| Trade debts | 44 | €9,384 | €8,338 | -€1,046 | -11.2% |
| Suppliers | 440/4 | €9,384 | €8,338 | -€1,046 | -11.2% |
| Advances received on contracts in progress | 46 | €3,682 | - | -€3,682 | |
| Taxes, remuneration and social security | 45 | €4,329 | €1,522 | -€2,807 | -64.8% |
| Taxes | 450/3 | €4,329 | €1,522 | -€2,807 | -64.8% |
| Other amounts payable | 47/48 | €4,632 | €3,252 | -€1,380 | -29.8% |
| Accrued charges and deferred income | 492/3 | €5,136 | €3,643 | -€1,493 | -29.1% |
| Non-recurring operating income | 76A | - | €28,683 | +€28,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,347 | €29,013 | -€12,334 | -29.8% |
| Other operating charges | 640/8 | €6,779 | €12,205 | +€5,427 | +80.1% |
| Gross operating margin | 9900 | €83,249 | €92,768 | +€9,519 | +11.4% |
| Operating profit (loss) | 9901 | €35,123 | €51,550 | +€16,427 | +46.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €39,054 | €34,325 | -€4,729 | -12.1% |
| Recurring financial charges | 65 | €39,054 | €34,325 | -€4,729 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,931 | €17,225 | +€21,156 | |
| Profit (loss) for the period | 9904 | -€3,931 | €17,225 | +€21,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,931 | €17,225 | +€21,156 |
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 10 October 2026 via checked.be.