Retail Immo Menen: what changed
What changed
Retail Immo Menen
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€196,950
2024 · -€33,078-€163,871
Equity
-€167,867
2024 · €29,082-€196,950
Cash
€94,153
2024 · €45,870+€48,283
Balance sheet total
€18.6m
2024 · €12.3m+€6.2m
Largest movements
Assets
- Tangible fixed assets +€6.2m
up €6.2m (+50.6%), from €12.3m to €18.5m
of which Land and buildings: +€14.5m
Equity and liabilities
- Current portion of long-term debt +€4.7m
up €4.7m (+172%), from €2.7m to €7.4m
- Other debts +€871,950
up €871,950 (+9.2%), from €9.5m to €10.3m
- Trade debts +€782,625
up €782,625 (+665%), from €117,634 to €900,258
- Profit (loss) carried forward -€196,950
down €196,950 (-231%), from -€85,324 to -€282,273
Income statement
- Gross operating margin +€373,585
up €373,585, from -€25,737 to €347,848
- Financial charges +€203,932
up €203,932 (+15,333%), from €1,330 to €205,262
- Depreciation +€184,175
new in 2025: €184,175
- Other operating charges +€149,923
up €149,923 (+106,707%), from €141 to €150,064
Change in the result, 2024 to 2025
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 2024
-€33,078
Gross operating margin
+€373,585
Depreciation
-€184,175
Other operating charges
-€149,923
Financial income
+€227
Financial charges
-€203,932
Taxes
+€347
Result 2025
-€196,950
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.8m
Investment
-€6.4m
Financing
+€4.7m
Cash 2024
€45,870
From operations (derived)
+€1.8m
Net result for the year
-€196,950
Depreciation
+€184,175
Receivables within one year
+€22,998
Trade debts
+€782,625
Tax, wage and social debts
+€5,456
Other debts
+€871,950
Accrued charges and deferred income
+€85,023
Investment (derived)
-€6.4m
Investment in fixed assets (net)
-€6.4m
Financing
+€4.7m
Current portion of long-term debt
+€4.7m
Cash 2025
€94,153
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,345,855 | €18,574,970 | +€6.2m | +50.5% |
| Fixed assets | 21/28 | €12,266,580 | €18,470,410 | +€6.2m | +50.6% |
| Tangible fixed assets | 22/27 | €12,266,580 | €18,470,410 | +€6.2m | +50.6% |
| Land and buildings | 22 | €4,017,852 | €18,470,410 | +€14.5m | +360% |
| Assets under construction and advance payments | 27 | €8,248,728 | €0 | -€8.2m | -100% |
| Current assets | 29/58 | €79,275 | €104,560 | +€25,285 | +31.9% |
| Amounts receivable within one year | 40/41 | €33,405 | €10,407 | -€22,998 | -68.8% |
| Trade receivables | 40 | €17,696 | €10,407 | -€7,289 | -41.2% |
| Other amounts receivable | 41 | €15,709 | €0 | -€15,709 | -100% |
| Cash at bank and in hand | 54/58 | €45,870 | €94,153 | +€48,283 | +105% |
| Total equity and liabilities | 10/49 | €12,345,855 | €18,574,970 | +€6.2m | +50.5% |
| Equity | 10/15 | €29,082 | -€167,867 | -€196,950 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €14,406 | €14,406 | = | 0.0% |
| Distributable reserves | 133 | €14,406 | €14,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,324 | -€282,273 | -€196,950 | -231% |
| Amounts payable | 17/49 | €12,316,772 | €18,742,837 | +€6.4m | +52.2% |
| Amounts payable within one year | 42/48 | €12,316,772 | €18,657,814 | +€6.3m | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €2,721,240 | €7,402,251 | +€4.7m | +172% |
| Trade debts | 44 | €117,634 | €900,258 | +€782,625 | +665% |
| Suppliers | 440/4 | €117,634 | €900,258 | +€782,625 | +665% |
| Taxes, remuneration and social security | 45 | - | €5,456 | +€5,456 | |
| Taxes | 450/3 | - | €5,456 | +€5,456 | |
| Other amounts payable | 47/48 | €9,477,899 | €10,349,848 | +€871,950 | +9.2% |
| Accrued charges and deferred income | 492/3 | - | €85,023 | +€85,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €184,175 | +€184,175 | |
| Other operating charges | 640/8 | €141 | €150,064 | +€149,923 | +106,707% |
| Gross operating margin | 9900 | -€25,737 | €347,848 | +€373,585 | |
| Operating profit (loss) | 9901 | -€25,877 | €13,610 | +€39,487 | |
| Financial income | 75/76B | - | €227 | +€227 | |
| Recurring financial income | 75 | - | €227 | +€227 | |
| Financial charges | 65/66B | €1,330 | €205,262 | +€203,932 | +15,333% |
| Recurring financial charges | 65 | €1,330 | €205,262 | +€203,932 | +15,333% |
| Profit (loss) for the period before taxes | 9903 | -€27,207 | -€191,425 | -€164,218 | -604% |
| Income taxes | 67/77 | €5,871 | €5,524 | -€347 | -5.9% |
| Profit (loss) for the period | 9904 | -€33,078 | -€196,950 | -€163,871 | -495% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,078 | -€196,950 | -€163,871 | -495% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.