REDROSE PROPERTIES: 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.
What changed
REDROSE PROPERTIES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€89,158
2024 · -€97,123+€7,965
Equity
€13.1m
2024 · €12.2m+€891,575
Cash
€39,608
2024 · €35,908+€3,701
Balance sheet total
€20.5m
2024 · €20.5m-€16,204
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Revaluation surpluses +€805,888
up €805,888 (+9.8%), from €8.2m to €9.0m
- Short-term financial debts -€455,200
down €455,200 (-62.8%), from €725,200 to €270,000
- Debts after one year -€283,688
down €283,688 (-5.0%), from €5.6m to €5.4m
of which Financial debts: -€283,688
Income statement
- Financial charges -€71,040
down €71,040 (-22.4%), from €317,237 to €246,197
- Taxes +€40,337
new in 2025: €40,337
- Depreciation +€30,481
up €30,481 (+4.4%), from €700,527 to €731,008
- Gross operating margin +€27,585
up €27,585 (+3.0%), from €920,460 to €948,046
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.
Result 2024
-€97,123
Gross operating margin
+€27,585
Depreciation
-€30,481
Other operating charges
+€6,085
Financial income
+€119
Financial charges
+€71,040
Taxes
-€40,337
Deferred taxes and other
-€26,047
Result 2025
-€89,158
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€813,058
Investment
-€871,703
Financing
+€62,345
Cash 2024
€35,908
From operations (derived)
+€813,058
Net result for the year
-€89,158
Depreciation
+€731,008
Receivables within one year
+€160,600
Provisions
-€48,503
Smaller working-capital items
+€2,092
Tax, wage and social debts
+€40,505
Other debts
+€26,355
Accrued charges and deferred income
-€9,840
Investment (derived)
-€871,703
Investment in fixed assets (net)
-€871,703
Financing
+€62,345
Debts after one year
-€283,688
Current portion of long-term debt
-€179,500
Short-term financial debts
-€455,200
Contributions, distributions and other
+€980,733
Cash 2025
€39,608
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,540,226 | €20,524,021 | -€16,204 | -0.1% |
| Fixed assets | 21/28 | €19,020,707 | €19,161,401 | +€140,694 | +0.7% |
| Tangible fixed assets | 22/27 | €19,020,707 | €19,161,401 | +€140,694 | +0.7% |
| Land and buildings | 22 | €19,017,875 | €19,160,000 | +€142,124 | +0.7% |
| Furniture and vehicles | 24 | €2,831 | €1,402 | -€1,430 | -50.5% |
| Current assets | 29/58 | €1,519,519 | €1,362,620 | -€156,899 | -10.3% |
| Amounts receivable within one year | 40/41 | €1,483,611 | €1,323,011 | -€160,600 | -10.8% |
| Trade receivables | 40 | €51,574 | €52,108 | +€534 | +1.0% |
| Other amounts receivable | 41 | €1,432,038 | €1,270,904 | -€161,134 | -11.3% |
| Cash at bank and in hand | 54/58 | €35,908 | €39,608 | +€3,701 | +10.3% |
| Total equity and liabilities | 10/49 | €20,540,226 | €20,524,021 | -€16,204 | -0.1% |
| Equity | 10/15 | €12,172,219 | €13,063,793 | +€891,575 | +7.3% |
| Contributions | 10/11 | €339,614 | €339,614 | = | 0.0% |
| Capital | 10 | €339,614 | €339,614 | = | 0.0% |
| Issued capital | 100 | €339,614 | €339,614 | = | 0.0% |
| Revaluation surpluses | 12 | €8,191,171 | €8,997,059 | +€805,888 | +9.8% |
| Reserves | 13 | €2,147,355 | €2,244,042 | +€96,688 | +4.5% |
| Non-distributable reserves | 130/1 | €33,961 | €33,961 | = | 0.0% |
| Legal reserve | 130 | €33,961 | €33,961 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,001,030 | €1,922,873 | -€78,157 | -3.9% |
| Distributable reserves | 133 | €112,363 | €287,208 | +€174,845 | +156% |
| Profit (loss) carried forward | 14 | €1,494,079 | €1,483,078 | -€11,001 | -0.7% |
| Provisions and deferred taxes | 16 | €904,729 | €856,226 | -€48,503 | -5.4% |
| Deferred taxes | 168 | €904,729 | €856,226 | -€48,503 | -5.4% |
| Amounts payable | 17/49 | €7,463,278 | €6,604,002 | -€859,276 | -11.5% |
| Amounts payable after more than one year | 17 | €5,634,794 | €5,351,106 | -€283,688 | -5.0% |
| Financial debts | 170/4 | €5,612,011 | €5,328,322 | -€283,688 | -5.1% |
| Other amounts payable | 178/9 | €22,783 | €22,783 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,796,631 | €1,230,883 | -€565,748 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €933,650 | €754,150 | -€179,500 | -19.2% |
| Financial debts | 43 | €725,200 | €270,000 | -€455,200 | -62.8% |
| Credit institutions | 430/8 | €725,200 | €270,000 | -€455,200 | -62.8% |
| Trade debts | 44 | €24,046 | €25,739 | +€1,693 | +7.0% |
| Suppliers | 440/4 | €24,046 | €25,739 | +€1,693 | +7.0% |
| Advances received on contracts in progress | 46 | - | €399 | +€399 | |
| Taxes, remuneration and social security | 45 | €89 | €40,595 | +€40,505 | +45,384% |
| Taxes | 450/3 | €89 | €40,595 | +€40,505 | +45,384% |
| Other amounts payable | 47/48 | €113,645 | €140,000 | +€26,355 | +23.2% |
| Accrued charges and deferred income | 492/3 | €31,853 | €22,013 | -€9,840 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700,527 | €731,008 | +€30,481 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €74,387 | €68,302 | -€6,085 | -8.2% |
| Gross operating margin | 9900 | €920,460 | €948,046 | +€27,585 | +3.0% |
| Operating profit (loss) | 9901 | €145,547 | €148,736 | +€3,189 | +2.2% |
| Financial income | 75/76B | €17 | €137 | +€119 | +683% |
| Recurring financial income | 75 | €17 | €137 | +€119 | +683% |
| Financial charges | 65/66B | €317,237 | €246,197 | -€71,040 | -22.4% |
| Recurring financial charges | 65 | €317,237 | €246,197 | -€71,040 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€171,673 | -€97,325 | +€74,348 | +43.3% |
| Transfer from deferred taxes | 780 | €79,678 | €79,678 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | €5,128 | €31,175 | +€26,047 | +508% |
| Income taxes | 67/77 | - | €40,337 | +€40,337 | |
| Profit (loss) for the period | 9904 | -€97,123 | -€89,158 | +€7,965 | +8.2% |
| Transfer from tax-exempt reserves | 789 | €171,682 | €171,682 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €15,385 | €93,525 | +€78,140 | +508% |
| Profit (loss) for the period to be appropriated | 9905 | €59,174 | -€11,001 | -€70,175 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.