RF IMMO: what changed
Two fiscal 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.
RF IMMO
Largest movements
- Tangible fixed assets -€24,501
down €24,501 (-4.5%), from €541,081 to €516,579
of which Land and buildings: -€18,203
- Other debts -€49,450
down €49,450 (-82.6%), from €59,900 to €10,450
- Debts after one year +€26,205
up €26,205 (+5.3%), from €492,573 to €518,778
of which Other amounts payable: +€50,000
- Other operating charges -€43,999
down €43,999 (-94.3%), from €46,672 to €2,673
- Depreciation +€15,869
up €15,869 (+81.8%), from €19,402 to €35,271
- Gross operating margin +€7,289
up €7,289 (+13.8%), from €52,677 to €59,966
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 | €551,551 | €529,305 | -€22,246 | -4.0% |
| Fixed assets | 21/28 | €541,081 | €516,579 | -€24,501 | -4.5% |
| Tangible fixed assets | 22/27 | €541,081 | €516,579 | -€24,501 | -4.5% |
| Land and buildings | 22 | €512,917 | €494,714 | -€18,203 | -3.5% |
| Plant, machinery and equipment | 23 | €19,857 | €15,376 | -€4,481 | -22.6% |
| Furniture and vehicles | 24 | €8,307 | €6,490 | -€1,817 | -21.9% |
| Current assets | 29/58 | €10,470 | €12,726 | +€2,255 | +21.5% |
| Cash at bank and in hand | 54/58 | €3,831 | €5,604 | +€1,773 | +46.3% |
| Deferred charges and accrued income | 490/1 | €6,639 | €7,121 | +€482 | +7.3% |
| Total equity and liabilities | 10/49 | €551,551 | €529,305 | -€22,246 | -4.0% |
| Equity | 10/15 | -€25,196 | -€25,111 | +€85 | +0.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,196 | -€35,111 | +€85 | +0.2% |
| Amounts payable | 17/49 | €576,747 | €554,416 | -€22,331 | -3.9% |
| Amounts payable after more than one year | 17 | €492,573 | €518,778 | +€26,205 | +5.3% |
| Financial debts | 170/4 | €492,573 | €468,778 | -€23,795 | -4.8% |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €84,174 | €34,370 | -€49,804 | -59.2% |
| Current portion of amounts payable after more than one year | 42 | €22,813 | €23,795 | +€982 | +4.3% |
| Trade debts | 44 | €1,461 | €125 | -€1,336 | -91.4% |
| Suppliers | 440/4 | €1,461 | €125 | -€1,336 | -91.4% |
| Other amounts payable | 47/48 | €59,900 | €10,450 | -€49,450 | -82.6% |
| Accrued charges and deferred income | 492/3 | - | €1,268 | +€1,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,402 | €35,271 | +€15,869 | +81.8% |
| Other operating charges | 640/8 | €46,672 | €2,673 | -€43,999 | -94.3% |
| Gross operating margin | 9900 | €52,677 | €59,966 | +€7,289 | +13.8% |
| Operating profit (loss) | 9901 | -€13,397 | €22,022 | +€35,419 | |
| Financial income | 75/76B | €11 | €1 | -€10 | -88.4% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -88.4% |
| Financial charges | 65/66B | €21,811 | €21,938 | +€127 | +0.6% |
| Recurring financial charges | 65 | €21,811 | €21,938 | +€127 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,196 | €85 | +€35,282 | |
| Profit (loss) for the period | 9904 | -€35,196 | €85 | +€35,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,196 | €85 | +€35,282 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.