REITROM: 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.
REITROM
Largest movements
- Tangible fixed assets -€341,212
down €341,212 (-44.7%), from €764,148 to €422,936
of which Land and buildings: -€336,958
- Cash -€87,009
down €87,009 (-37.9%), from €229,740 to €142,731
mainly Debts after one year (-€430,387) and Provisions (-€22,218)
- Debts after one year -€430,387
down €430,387 (-43.5%), from €989,228 to €558,841
- Profit (loss) carried forward +€106,006
up €106,006 (+34.1%), from €311,156 to €417,162
- Reserves -€66,654
down €66,654 (-20.3%), from €328,373 to €261,718
of which Tax-exempt reserves: -€66,654
- Provisions -€22,218
down €22,218 (-27.5%), from €80,900 to €58,682
- Financial income -€39,935
down €39,935 (-40.0%), from €99,837 to €59,902
- Other operating charges +€37,057
new in 2025: €37,057
- Depreciation -€26,076
down €26,076 (-65.3%), from €39,950 to €13,874
- Taxes +€15,533
new in 2025: €15,533
- Services and other goods +€14,272
up €14,272 (+428.1%), from €3,334 to €17,605
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 | €1,827,524 | €1,399,302 | -€428,222 | -23.4% |
| Fixed assets | 21/28 | €1,597,784 | €1,256,571 | -€341,212 | -21.4% |
| Tangible fixed assets | 22/27 | €764,148 | €422,936 | -€341,212 | -44.7% |
| Land and buildings | 22 | €759,894 | €422,936 | -€336,958 | -44.3% |
| Plant, machinery and equipment | 23 | €4,254 | €0 | -€4,254 | -100.0% |
| Financial fixed assets | 28 | €833,636 | €833,636 | = | 0.0% |
| Affiliated companies | 280/1 | €833,636 | €833,636 | = | 0.0% |
| Participating interests | 280 | €833,636 | €833,636 | = | 0.0% |
| Current assets | 29/58 | €229,740 | €142,731 | -€87,009 | -37.9% |
| Cash at bank and in hand | 54/58 | €229,740 | €142,731 | -€87,009 | -37.9% |
| Total equity and liabilities | 10/49 | €1,827,524 | €1,399,302 | -€428,222 | -23.4% |
| Equity | 10/15 | €658,129 | €697,481 | +€39,352 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328,373 | €261,718 | -€66,654 | -20.3% |
| Tax-exempt reserves | 132 | €196,513 | €129,858 | -€66,654 | -33.9% |
| Distributable reserves | 133 | €131,860 | €131,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,156 | €417,162 | +€106,006 | +34.1% |
| Provisions and deferred taxes | 16 | €80,900 | €58,682 | -€22,218 | -27.5% |
| Deferred taxes | 168 | €80,900 | €58,682 | -€22,218 | -27.5% |
| Amounts payable | 17/49 | €1,088,495 | €643,139 | -€445,355 | -40.9% |
| Amounts payable after more than one year | 17 | €989,228 | €558,841 | -€430,387 | -43.5% |
| Financial debts | 170/4 | €989,228 | €558,841 | -€430,387 | -43.5% |
| Credit institutions | 173 | €200,387 | €0 | -€200,387 | -100.0% |
| Other loans | 174 | €788,841 | €558,841 | -€230,000 | -29.2% |
| Amounts payable within one year | 42/48 | €61,979 | €60,206 | -€1,773 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €47,307 | €30,000 | -€17,307 | -36.6% |
| Taxes, remuneration and social security | 45 | - | €15,533 | +€15,533 | |
| Taxes | 450/3 | - | €15,533 | +€15,533 | |
| Other amounts payable | 47/48 | €14,672 | €14,672 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €37,288 | €24,093 | -€13,195 | -35.4% |
| Operating income | 70/76A | €77,317 | €69,000 | -€8,317 | -10.8% |
| Turnover | 70 | €72,000 | €69,000 | -€3,000 | -4.2% |
| Other operating income | 74 | €5,317 | €0 | -€5,317 | -100.0% |
| Operating charges | 60/66A | €43,284 | €68,537 | +€25,253 | +58.3% |
| Services and other goods | 61 | €3,334 | €17,605 | +€14,272 | +428.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,950 | €13,874 | -€26,076 | -65.3% |
| Other operating charges | 640/8 | - | €37,057 | +€37,057 | |
| Operating profit (loss) | 9901 | €34,033 | €463 | -€33,570 | -98.6% |
| Financial income | 75/76B | €99,837 | €59,902 | -€39,935 | -40.0% |
| Recurring financial income | 75 | €99,837 | €59,902 | -€39,935 | -40.0% |
| Income from financial fixed assets | 750 | €99,837 | €59,902 | -€39,935 | -40.0% |
| Financial charges | 65/66B | €40,262 | €27,698 | -€12,564 | -31.2% |
| Recurring financial charges | 65 | €40,262 | €27,698 | -€12,564 | -31.2% |
| Debt charges | 650 | €39,335 | €25,898 | -€13,437 | -34.2% |
| Other financial charges | 652/9 | €927 | €1,800 | +€873 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €93,608 | €32,667 | -€60,940 | -65.1% |
| Transfer from deferred taxes | 780 | €2,816 | €22,218 | +€19,402 | +688.9% |
| Income taxes | 67/77 | - | €15,533 | +€15,533 | |
| Taxes | 670/3 | - | €15,533 | +€15,533 | |
| Profit (loss) for the period | 9904 | €96,424 | €39,352 | -€57,072 | -59.2% |
| Transfer from tax-exempt reserves | 789 | €8,449 | €66,654 | +€58,205 | +688.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,873 | €106,006 | +€1,133 | +1.1% |
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 9 October 2026 via checked.be.