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
- Tangible fixed assets +€233,653
up €233,653 (+43.9%), from €532,815 to €766,468
of which Land and buildings: +€661,894
- Cash +€64,055
up €64,055 (+219.9%), from €29,133 to €93,188
mainly Debts after one year (+€275,836) and Current portion of long-term debt (+€18,674)
- Receivables within one year +€20,288
up €20,288 (+242.6%), from €8,364 to €28,652
of which Trade receivables: +€20,118
- Debts after one year +€275,836
up €275,836 (+127.3%), from €216,739 to €492,575
of which Financial debts: +€268,736
- Current portion of long-term debt +€18,674
up €18,674 (+175.1%), from €10,668 to €29,342
- Other debts +€17,919
up €17,919 (+5.3%), from €338,705 to €356,624
- Gross operating margin +€11,543
up €11,543 (+44.8%), from €25,789 to €37,332
- Other operating charges -€5,115
down €5,115 (-62.4%), from €8,192 to €3,077
- Financial charges +€4,193
up €4,193 (+27.1%), from €15,490 to €19,683
- Depreciation +€3,761
up €3,761 (+114.9%), from €3,274 to €7,035
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 | €570,312 | €891,158 | +€320,846 | +56.3% |
| Fixed assets | 21/28 | €532,815 | €766,468 | +€233,653 | +43.9% |
| Tangible fixed assets | 22/27 | €532,815 | €766,468 | +€233,653 | +43.9% |
| Land and buildings | 22 | €67,800 | €729,694 | +€661,894 | +976.2% |
| Assets under construction and advance payments | 27 | €465,015 | €36,775 | -€428,241 | -92.1% |
| Current assets | 29/58 | €37,497 | €124,690 | +€87,193 | +232.5% |
| Amounts receivable within one year | 40/41 | €8,364 | €28,652 | +€20,288 | +242.6% |
| Trade receivables | 40 | - | €20,118 | +€20,118 | |
| Other amounts receivable | 41 | €8,364 | €8,534 | +€170 | +2.0% |
| Cash at bank and in hand | 54/58 | €29,133 | €93,188 | +€64,055 | +219.9% |
| Deferred charges and accrued income | 490/1 | - | €2,850 | +€2,850 | |
| Total equity and liabilities | 10/49 | €570,312 | €891,158 | +€320,846 | +56.3% |
| Equity | 10/15 | €833 | €8,371 | +€7,538 | +904.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,167 | €6,371 | +€7,538 | |
| Amounts payable | 17/49 | €569,479 | €882,787 | +€313,308 | +55.0% |
| Amounts payable after more than one year | 17 | €216,739 | €492,575 | +€275,836 | +127.3% |
| Financial debts | 170/4 | €216,739 | €485,475 | +€268,736 | +124.0% |
| Other amounts payable | 178/9 | - | €7,100 | +€7,100 | |
| Amounts payable within one year | 42/48 | €352,740 | €389,012 | +€36,272 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €10,668 | €29,342 | +€18,674 | +175.1% |
| Trade debts | 44 | €3,368 | €3,046 | -€322 | -9.5% |
| Suppliers | 440/4 | €3,368 | €3,046 | -€322 | -9.5% |
| Other amounts payable | 47/48 | €338,705 | €356,624 | +€17,919 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,274 | €7,035 | +€3,761 | +114.9% |
| Other operating charges | 640/8 | €8,192 | €3,077 | -€5,115 | -62.4% |
| Gross operating margin | 9900 | €25,789 | €37,332 | +€11,543 | +44.8% |
| Operating profit (loss) | 9901 | €14,323 | €27,220 | +€12,897 | +90.0% |
| Financial charges | 65/66B | €15,490 | €19,683 | +€4,193 | +27.1% |
| Recurring financial charges | 65 | €15,490 | €19,683 | +€4,193 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,167 | €7,538 | +€8,704 | |
| Profit (loss) for the period | 9904 | -€1,167 | €7,538 | +€8,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,167 | €7,538 | +€8,704 |
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 11 October 2026 via checked.be.