RES IMMOBILIS: what changed
What changed
RES IMMOBILIS
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€1.1m
2025 · -€79,354+€1.1m
Equity
€1.7m
2025 · €1.1m+€577,531
Cash
€4,664
2025 · €272+€4,392
Balance sheet total
€3.2m
2025 · €3.4m-€211,402
Largest movements
Assets
- Tangible fixed assets -€198,564
down €198,564 (-6.9%), from €2.9m to €2.7m
of which Land and buildings: -€195,211
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+566%), from €209,869 to €1.4m
of which Tax-exempt reserves: +€1.1m
- Debts after one year -€653,967
down €653,967 (-79.8%), from €819,737 to €165,770
of which Financial debts: -€653,967
- Revaluation surpluses -€525,300
down €525,300 (-65.6%), from €801,262 to €275,962
- Short-term financial debts -€395,857
down €395,857 (-41.9%), from €945,857 to €550,000
- Provisions +€378,963
up €378,963 (+1,221%), from €31,042 to €410,005
Income statement
- Gross operating margin +€1.5m
up €1.5m (+7,163%), from €21,260 to €1.5m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€79,354
Gross operating margin
+€1.5m
Depreciation
+€4,053
Other operating charges
-€6,148
Financial income
+€989
Financial charges
-€11,556
Taxes
+€876
Deferred taxes and other
-€380,782
Result 2026
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
+€185,596
Financing
-€1.6m
Cash 2025
€272
From operations (derived)
+€1.4m
Net result for the year
+€1.1m
Depreciation
+€12,968
Receivables within one year
+€13,725
Deferred charges and accrued income
+€3,505
Provisions
+€378,963
Trade debts
-€31,047
Tax, wage and social debts
+€8,685
Other debts
-€15,900
Accrued charges and deferred income
-€18,790
Investment (derived)
+€185,596
Investment in fixed assets (net)
+€185,596
Financing
-€1.6m
Debts after one year
-€653,967
Current portion of long-term debt
-€61,020
Short-term financial debts
-€395,857
Contributions, distributions and other
-€473,382
Cash 2026
€4,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,430,646 | €3,219,244 | -€211,402 | -6.2% |
| Fixed assets | 21/28 | €2,909,485 | €2,710,921 | -€198,564 | -6.8% |
| Tangible fixed assets | 22/27 | €2,861,508 | €2,662,944 | -€198,564 | -6.9% |
| Land and buildings | 22 | €2,855,111 | €2,659,900 | -€195,211 | -6.8% |
| Furniture and vehicles | 24 | €6,397 | €3,044 | -€3,353 | -52.4% |
| Financial fixed assets | 28 | €47,977 | €47,977 | = | 0.0% |
| Current assets | 29/58 | €521,161 | €508,323 | -€12,838 | -2.5% |
| Stocks and contracts in progress | 3 | €71,499 | €71,499 | = | 0.0% |
| Stocks | 30/36 | €71,499 | €71,499 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €445,885 | €432,160 | -€13,725 | -3.1% |
| Trade receivables | 40 | €106,960 | €67,202 | -€39,758 | -37.2% |
| Other amounts receivable | 41 | €338,925 | €364,958 | +€26,033 | +7.7% |
| Cash at bank and in hand | 54/58 | €272 | €4,664 | +€4,392 | +1,615% |
| Deferred charges and accrued income | 490/1 | €3,505 | - | -€3,505 | |
| Total equity and liabilities | 10/49 | €3,430,646 | €3,219,244 | -€211,402 | -6.2% |
| Equity | 10/15 | €1,148,006 | €1,725,537 | +€577,531 | +50.3% |
| Contributions | 10/11 | €329,350 | €329,350 | = | 0.0% |
| Capital | 10 | €329,350 | €329,350 | = | 0.0% |
| Issued capital | 100 | €624,000 | €624,000 | = | 0.0% |
| Uncalled capital | 101 | €294,650 | €294,650 | = | 0.0% |
| Revaluation surpluses | 12 | €801,262 | €275,962 | -€525,300 | -65.6% |
| Reserves | 13 | €209,869 | €1,398,679 | +€1.2m | +566% |
| Tax-exempt reserves | 132 | €93,125 | €1,230,016 | +€1.1m | +1,221% |
| Distributable reserves | 133 | €116,744 | €168,663 | +€51,919 | +44.5% |
| Profit (loss) carried forward | 14 | -€192,475 | -€278,454 | -€85,979 | -44.7% |
| Provisions and deferred taxes | 16 | €31,042 | €410,005 | +€378,963 | +1,221% |
| Deferred taxes | 168 | €31,042 | €410,005 | +€378,963 | +1,221% |
| Amounts payable | 17/49 | €2,251,598 | €1,083,702 | -€1.2m | -51.9% |
| Amounts payable after more than one year | 17 | €819,737 | €165,770 | -€653,967 | -79.8% |
| Financial debts | 170/4 | €744,737 | €90,770 | -€653,967 | -87.8% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,362,594 | €867,455 | -€495,139 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €61,020 | - | -€61,020 | |
| Financial debts | 43 | €945,857 | €550,000 | -€395,857 | -41.9% |
| Credit institutions | 430/8 | €945,857 | €550,000 | -€395,857 | -41.9% |
| Trade debts | 44 | €146,361 | €115,314 | -€31,047 | -21.2% |
| Suppliers | 440/4 | €146,361 | €115,314 | -€31,047 | -21.2% |
| Taxes, remuneration and social security | 45 | €4,623 | €13,308 | +€8,685 | +188% |
| Taxes | 450/3 | €4,623 | €13,308 | +€8,685 | +188% |
| Other amounts payable | 47/48 | €204,733 | €188,833 | -€15,900 | -7.8% |
| Accrued charges and deferred income | 492/3 | €69,267 | €50,477 | -€18,790 | -27.1% |
| Non-recurring operating income | 76A | - | €1,523,129 | +€1.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,021 | €12,968 | -€4,053 | -23.8% |
| Other operating charges | 640/8 | €6,151 | €12,299 | +€6,148 | +100.0% |
| Gross operating margin | 9900 | €21,260 | €1,544,095 | +€1.5m | +7,163% |
| Operating profit (loss) | 9901 | -€1,912 | €1,518,828 | +€1.5m | |
| Financial income | 75/76B | €244 | €1,233 | +€989 | +405% |
| Recurring financial income | 75 | €244 | €1,233 | +€989 | +405% |
| Financial charges | 65/66B | €78,628 | €90,184 | +€11,556 | +14.7% |
| Recurring financial charges | 65 | €78,628 | €90,184 | +€11,556 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€80,296 | €1,429,877 | +€1.5m | |
| Transfer from deferred taxes | 780 | €1,818 | €1,818 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €380,782 | +€380,782 | |
| Income taxes | 67/77 | €876 | - | -€876 | |
| Profit (loss) for the period | 9904 | -€79,354 | €1,050,913 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €5,455 | €5,455 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €1,142,347 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,899 | -€85,979 | -€12,080 | -16.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.