RIF 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.
RIF IMMO
Largest movements
- Tangible fixed assets +€51,201
up €51,201 (+4.0%), from €1.3m to €1.3m
of which Land and buildings: +€51,201
- Short-term financial debts +€636,183
up €636,183, from €0 to €636,183
- Debts after one year -€563,907
down €563,907 (-50.0%), from €1.1m to €564,598
- Trade debts +€63,030
up €63,030 (+25,070%), from €251 to €63,281
- Profit (loss) carried forward -€36,727
down €36,727, from €12,486 to -€24,241
- Current portion of long-term debt -€20,453
down €20,453 (-48.4%), from €42,285 to €21,833
- Write-downs -€17,391
down €17,391 (-100%), from €17,391 to €0
- Gross operating margin +€10,656
up €10,656 (+27.6%), from €38,675 to €49,331
- Financial charges -€8,831
down €8,831 (-20.1%), from €43,866 to €35,035
- Other operating charges -€8,524
down €8,524 (-94.5%), from €9,021 to €497
- Taxes +€6,320
up €6,320, from €0 to €6,320
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 | €1,447,978 | €1,509,517 | +€61,539 | +4.3% |
| Fixed assets | 21/28 | €1,270,713 | €1,321,914 | +€51,201 | +4.0% |
| Tangible fixed assets | 22/27 | €1,270,713 | €1,321,914 | +€51,201 | +4.0% |
| Land and buildings | 22 | €1,270,713 | €1,321,914 | +€51,201 | +4.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €177,265 | €187,603 | +€10,338 | +5.8% |
| Amounts receivable within one year | 40/41 | €168,000 | €179,754 | +€11,754 | +7.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €168,000 | €179,754 | +€11,754 | +7.0% |
| Cash at bank and in hand | 54/58 | €8,940 | €7,849 | -€1,091 | -12.2% |
| Deferred charges and accrued income | 490/1 | €325 | €0 | -€325 | -100% |
| Total equity and liabilities | 10/49 | €1,447,978 | €1,509,517 | +€61,539 | +4.3% |
| Equity | 10/15 | €32,937 | -€3,790 | -€36,727 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,486 | -€24,241 | -€36,727 | |
| Amounts payable | 17/49 | €1,415,040 | €1,513,307 | +€98,267 | +6.9% |
| Amounts payable after more than one year | 17 | €1,128,505 | €564,598 | -€563,907 | -50.0% |
| Financial debts | 170/4 | €1,128,505 | €564,598 | -€563,907 | -50.0% |
| Amounts payable within one year | 42/48 | €286,535 | €948,709 | +€662,174 | +231% |
| Current portion of amounts payable after more than one year | 42 | €42,285 | €21,833 | -€20,453 | -48.4% |
| Financial debts | 43 | €0 | €636,183 | +€636,183 | |
| Credit institutions | 430/8 | €0 | €636,183 | +€636,183 | |
| Trade debts | 44 | €251 | €63,281 | +€63,030 | +25,070% |
| Suppliers | 440/4 | €251 | €63,281 | +€63,030 | +25,070% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €243,999 | €227,412 | -€16,586 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,321 | €44,206 | +€2,886 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,391 | €0 | -€17,391 | -100% |
| Other operating charges | 640/8 | €9,021 | €497 | -€8,524 | -94.5% |
| Non-recurring operating charges | 66A | €4,588 | €0 | -€4,588 | -100% |
| Gross operating margin | 9900 | €38,675 | €49,331 | +€10,656 | +27.6% |
| Operating profit (loss) | 9901 | -€33,646 | €4,628 | +€38,273 | |
| Financial income | 75/76B | €420 | €0 | -€420 | -100% |
| Recurring financial income | 75 | €420 | €0 | -€420 | -100% |
| Financial charges | 65/66B | €43,866 | €35,035 | -€8,831 | -20.1% |
| Recurring financial charges | 65 | €43,866 | €35,035 | -€8,831 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,092 | -€30,407 | +€46,685 | +60.6% |
| Income taxes | 67/77 | €0 | €6,320 | +€6,320 | |
| Profit (loss) for the period | 9904 | -€77,092 | -€36,727 | +€40,365 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,092 | -€36,727 | +€40,365 | +52.4% |
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 14 October 2026 via checked.be.