REA 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.
REA IMMO
Largest movements
- Tangible fixed assets +€83,541
up €83,541 (+22.1%), from €377,974 to €461,515
of which Land and buildings: +€83,637
- Receivables within one year +€21,936
up €21,936 (+3322.1%), from €660 to €22,597
of which Trade receivables: +€22,597
- Cash -€16,570
down €16,570 (-78.7%), from €21,044 to €4,474
mainly Investment in fixed assets (net) (-€95,617) and Other debts (-€60,742)
- Formation expenses -€13,532
down €13,532 (-20.7%), from €65,368 to €51,836
- Debts after one year +€75,194
up €75,194 (+20.0%), from €376,730 to €451,925
- Other debts -€60,742
down €60,742 (-43.3%), from €140,232 to €79,491
- Trade debts +€32,069
up €32,069 (+3260.6%), from €984 to €33,052
- Profit (loss) carried forward +€25,501
up €25,501 (+46.0%), from -€55,457 to -€29,956
- Gross operating margin +€85,670
up €85,670 (+2120.3%), from €4,041 to €89,711
- Other operating charges +€18,535
up €18,535 (+2760.5%), from €671 to €19,206
- Financial charges -€18,182
down €18,182 (-48.4%), from €37,577 to €19,395
- Depreciation +€4,359
up €4,359 (+20.5%), from €21,249 to €25,608
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 | €465,490 | €540,750 | +€75,261 | +16.2% |
| Formation expenses | 20 | €65,368 | €51,836 | -€13,532 | -20.7% |
| Fixed assets | 21/28 | €377,974 | €461,515 | +€83,541 | +22.1% |
| Tangible fixed assets | 22/27 | €377,974 | €461,515 | +€83,541 | +22.1% |
| Land and buildings | 22 | €377,775 | €461,411 | +€83,637 | +22.1% |
| Furniture and vehicles | 24 | €199 | €104 | -€95 | -47.8% |
| Current assets | 29/58 | €22,148 | €27,399 | +€5,252 | +23.7% |
| Amounts receivable within one year | 40/41 | €660 | €22,597 | +€21,936 | +3322.1% |
| Trade receivables | 40 | - | €22,597 | +€22,597 | |
| Other amounts receivable | 41 | €660 | - | -€660 | |
| Cash at bank and in hand | 54/58 | €21,044 | €4,474 | -€16,570 | -78.7% |
| Deferred charges and accrued income | 490/1 | €443 | €329 | -€114 | -25.8% |
| Total equity and liabilities | 10/49 | €465,490 | €540,750 | +€75,261 | +16.2% |
| Equity | 10/15 | -€52,457 | -€26,956 | +€25,501 | +48.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,457 | -€29,956 | +€25,501 | +46.0% |
| Amounts payable | 17/49 | €517,946 | €567,706 | +€49,760 | +9.6% |
| Amounts payable after more than one year | 17 | €376,730 | €451,925 | +€75,194 | +20.0% |
| Financial debts | 170/4 | €376,730 | €451,925 | +€75,194 | +20.0% |
| Amounts payable within one year | 42/48 | €141,216 | €115,781 | -€25,435 | -18.0% |
| Trade debts | 44 | €984 | €33,052 | +€32,069 | +3260.6% |
| Suppliers | 440/4 | €984 | €33,052 | +€32,069 | +3260.6% |
| Taxes, remuneration and social security | 45 | - | €3,238 | +€3,238 | |
| Taxes | 450/3 | - | €3,238 | +€3,238 | |
| Other amounts payable | 47/48 | €140,232 | €79,491 | -€60,742 | -43.3% |
| Non-recurring operating income | 76A | €6 | - | -€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,249 | €25,608 | +€4,359 | +20.5% |
| Other operating charges | 640/8 | €671 | €19,206 | +€18,535 | +2760.5% |
| Gross operating margin | 9900 | €4,041 | €89,711 | +€85,670 | +2120.3% |
| Operating profit (loss) | 9901 | -€17,880 | €44,896 | +€62,776 | |
| Financial charges | 65/66B | €37,577 | €19,395 | -€18,182 | -48.4% |
| Recurring financial charges | 65 | €37,577 | €19,395 | -€18,182 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,457 | €25,501 | +€80,958 | |
| Profit (loss) for the period | 9904 | -€55,457 | €25,501 | +€80,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,457 | €25,501 | +€80,958 |
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 5 October 2026 via checked.be.