RG-IMMO: 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.
RG-IMMO
Largest movements
- Receivables within one year -€144,964
down €144,964 (-87.9%), from €165,004 to €20,039
of which Other amounts receivable: -€138,358
- Cash +€99,503
up €99,503 (+69.6%), from €143,002 to €242,504
mainly Receivables within one year (+€144,964) and Depreciation (+€123,506)
- Tangible fixed assets -€80,658
down €80,658 (-4.6%), from €1.8m to €1.7m
of which Land and buildings: -€94,397
- Debts after one year -€145,330
down €145,330 (-9.9%), from €1.5m to €1.3m
- Reserves +€44,302
up €44,302 (+12.4%), from €357,431 to €401,732
- Depreciation +€52,339
up €52,339 (+73.5%), from €71,167 to €123,506
- Taxes -€24,545
down €24,545 (-84.7%), from €28,985 to €4,439
- Financial charges +€14,112
up €14,112 (+49.7%), from €28,368 to €42,481
- Gross operating margin +€4,090
up €4,090 (+1.9%), from €216,420 to €220,510
- Other operating charges +€3,792
up €3,792 (+22.0%), from €17,265 to €21,058
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 | €2,064,916 | €1,937,188 | -€127,728 | -6.2% |
| Fixed assets | 21/28 | €1,755,165 | €1,674,507 | -€80,658 | -4.6% |
| Tangible fixed assets | 22/27 | €1,753,695 | €1,673,037 | -€80,658 | -4.6% |
| Land and buildings | 22 | €1,753,695 | €1,659,298 | -€94,397 | -5.4% |
| Furniture and vehicles | 24 | - | €13,739 | +€13,739 | |
| Financial fixed assets | 28 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €309,751 | €262,681 | -€47,070 | -15.2% |
| Amounts receivable within one year | 40/41 | €165,004 | €20,039 | -€144,964 | -87.9% |
| Trade receivables | 40 | €7,373 | €767 | -€6,606 | -89.6% |
| Other amounts receivable | 41 | €157,631 | €19,273 | -€138,358 | -87.8% |
| Cash at bank and in hand | 54/58 | €143,002 | €242,504 | +€99,503 | +69.6% |
| Deferred charges and accrued income | 490/1 | €1,746 | €138 | -€1,608 | -92.1% |
| Total equity and liabilities | 10/49 | €2,064,916 | €1,937,188 | -€127,728 | -6.2% |
| Equity | 10/15 | €432,706 | €461,732 | +€29,026 | +6.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €357,431 | €401,732 | +€44,302 | +12.4% |
| Distributable reserves | 133 | €357,431 | €401,732 | +€44,302 | +12.4% |
| Investment grants | 15 | €15,275 | €0 | -€15,275 | -100.0% |
| Amounts payable | 17/49 | €1,632,210 | €1,475,456 | -€156,754 | -9.6% |
| Amounts payable after more than one year | 17 | €1,461,926 | €1,316,596 | -€145,330 | -9.9% |
| Financial debts | 170/4 | €1,461,926 | €1,316,596 | -€145,330 | -9.9% |
| Amounts payable within one year | 42/48 | €160,285 | €148,860 | -€11,425 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €141,583 | €145,330 | +€3,746 | +2.6% |
| Trade debts | 44 | €127 | €3,530 | +€3,403 | +2673.0% |
| Suppliers | 440/4 | €127 | €3,530 | +€3,403 | +2673.0% |
| Taxes, remuneration and social security | 45 | €18,574 | €0 | -€18,574 | -100.0% |
| Taxes | 450/3 | €18,574 | €0 | -€18,574 | -100.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,167 | €123,506 | +€52,339 | +73.5% |
| Other operating charges | 640/8 | €17,265 | €21,058 | +€3,792 | +22.0% |
| Gross operating margin | 9900 | €216,420 | €220,510 | +€4,090 | +1.9% |
| Operating profit (loss) | 9901 | €127,988 | €75,946 | -€52,042 | -40.7% |
| Financial income | 75/76B | €15,275 | €15,275 | -€0 | 0.0% |
| Recurring financial income | 75 | €15,275 | €15,275 | -€0 | 0.0% |
| Financial charges | 65/66B | €28,368 | €42,481 | +€14,112 | +49.7% |
| Recurring financial charges | 65 | €28,368 | €42,481 | +€14,112 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €114,895 | €48,741 | -€66,154 | -57.6% |
| Income taxes | 67/77 | €28,985 | €4,439 | -€24,545 | -84.7% |
| Profit (loss) for the period | 9904 | €85,910 | €44,302 | -€41,609 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,910 | €44,302 | -€41,609 | -48.4% |
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.