REUL ESTATE: 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.
REUL ESTATE
Largest movements
- Tangible fixed assets -€27,070
down €27,070 (-3.9%), from €698,981 to €671,911
of which Land and buildings: -€24,064
- Profit (loss) carried forward -€20,425
down €20,425 (-19.5%), from -€104,799 to -€125,224
- Debts after one year -€17,145
down €17,145 (-3.8%), from €448,815 to €431,671
of which Financial debts: -€17,145
- Accrued charges and deferred income +€14,724
up €14,724, from €0 to €14,724
- Tax, wage and social debts -€7,365
down €7,365 (-100%), from €7,365 to €0
- Gross operating margin +€10,976
up €10,976 (+56.9%), from €19,275 to €30,251
- Financial charges -€1,919
down €1,919 (-7.9%), from €24,322 to €22,403
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,288 | €687,810 | -€26,479 | -3.7% |
| Fixed assets | 21/28 | €699,356 | €671,911 | -€27,445 | -3.9% |
| Tangible fixed assets | 22/27 | €698,981 | €671,911 | -€27,070 | -3.9% |
| Land and buildings | 22 | €690,135 | €666,071 | -€24,064 | -3.5% |
| Furniture and vehicles | 24 | €8,846 | €5,840 | -€3,006 | -34.0% |
| Financial fixed assets | 28 | €375 | €0 | -€375 | -100% |
| Current assets | 29/58 | €14,932 | €15,898 | +€967 | +6.5% |
| Amounts receivable within one year | 40/41 | €1,169 | €2,414 | +€1,246 | +107% |
| Trade receivables | 40 | €991 | €1,264 | +€273 | +27.6% |
| Other amounts receivable | 41 | €178 | €1,150 | +€972 | +547% |
| Cash at bank and in hand | 54/58 | €12,382 | €12,230 | -€153 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,381 | €1,255 | -€126 | -9.1% |
| Total equity and liabilities | 10/49 | €714,288 | €687,810 | -€26,479 | -3.7% |
| Equity | 10/15 | €165,551 | €148,276 | -€17,275 | -10.4% |
| Contributions | 10/11 | €270,350 | €273,500 | +€3,150 | +1.2% |
| Profit (loss) carried forward | 14 | -€104,799 | -€125,224 | -€20,425 | -19.5% |
| Amounts payable | 17/49 | €548,737 | €539,533 | -€9,204 | -1.7% |
| Amounts payable after more than one year | 17 | €448,815 | €431,671 | -€17,145 | -3.8% |
| Financial debts | 170/4 | €240,847 | €223,702 | -€17,145 | -7.1% |
| Other amounts payable | 178/9 | €207,969 | €207,969 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,922 | €93,139 | -€6,783 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €16,645 | €17,145 | +€500 | +3.0% |
| Trade debts | 44 | €75,503 | €75,994 | +€491 | +0.6% |
| Suppliers | 440/4 | €75,503 | €75,994 | +€491 | +0.6% |
| Advances received on contracts in progress | 46 | €408 | €0 | -€408 | -100% |
| Taxes, remuneration and social security | 45 | €7,365 | €0 | -€7,365 | -100% |
| Taxes | 450/3 | €7,365 | €0 | -€7,365 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €14,724 | +€14,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,070 | €27,070 | = | 0.0% |
| Other operating charges | 640/8 | €1,115 | €1,203 | +€88 | +7.9% |
| Gross operating margin | 9900 | €19,275 | €30,251 | +€10,976 | +56.9% |
| Operating profit (loss) | 9901 | -€8,910 | €1,978 | +€10,888 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €24,322 | €22,403 | -€1,919 | -7.9% |
| Recurring financial charges | 65 | €24,322 | €22,403 | -€1,919 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,232 | -€20,425 | +€12,807 | +38.5% |
| Profit (loss) for the period | 9904 | -€33,232 | -€20,425 | +€12,807 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,232 | -€20,425 | +€12,807 | +38.5% |
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 26 October 2026 via checked.be.