RL 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.
RL IMMO
Largest movements
- Tangible fixed assets -€45,337
down €45,337 (-3.4%), from €1.3m to €1.3m
- Cash +€15,281
up €15,281 (+187%), from €8,192 to €23,472
mainly Depreciation (+€45,337) and Other debts (+€28,880)
- Debts after one year -€36,632
down €36,632 (-9.8%), from €374,893 to €338,261
- Other debts +€28,880
up €28,880 (+2.3%), from €1.3m to €1.3m
- Profit (loss) carried forward -€24,416
down €24,416 (-6.2%), from -€390,810 to -€415,225
- Gross operating margin +€14,061
up €14,061 (+25.5%), from €55,116 to €69,177
- Financial charges -€8,281
down €8,281 (-18.1%), from €45,649 to €37,368
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 | €1,344,331 | €1,310,653 | -€33,678 | -2.5% |
| Fixed assets | 21/28 | €1,325,573 | €1,280,236 | -€45,337 | -3.4% |
| Tangible fixed assets | 22/27 | €1,324,823 | €1,279,486 | -€45,337 | -3.4% |
| Land and buildings | 22 | €1,324,823 | €1,279,486 | -€45,337 | -3.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €18,758 | €30,417 | +€11,659 | +62.2% |
| Amounts receivable within one year | 40/41 | €7,903 | €4,233 | -€3,670 | -46.4% |
| Trade receivables | 40 | €7,903 | €4,233 | -€3,670 | -46.4% |
| Cash at bank and in hand | 54/58 | €8,192 | €23,472 | +€15,281 | +187% |
| Deferred charges and accrued income | 490/1 | €2,663 | €2,711 | +€48 | +1.8% |
| Total equity and liabilities | 10/49 | €1,344,331 | €1,310,653 | -€33,678 | -2.5% |
| Equity | 10/15 | -€353,130 | -€377,546 | -€24,416 | -6.9% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €680 | €680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €680 | €680 | = | 0.0% |
| Reserves not available under the articles | 1311 | €680 | €680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€390,810 | -€415,225 | -€24,416 | -6.2% |
| Amounts payable | 17/49 | €1,697,461 | €1,688,198 | -€9,263 | -0.5% |
| Amounts payable after more than one year | 17 | €374,893 | €338,261 | -€36,632 | -9.8% |
| Financial debts | 170/4 | €374,893 | €338,261 | -€36,632 | -9.8% |
| Amounts payable within one year | 42/48 | €1,322,523 | €1,349,879 | +€27,356 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €35,926 | €36,632 | +€706 | +2.0% |
| Trade debts | 44 | €22,431 | €20,201 | -€2,230 | -9.9% |
| Suppliers | 440/4 | €22,431 | €20,201 | -€2,230 | -9.9% |
| Other amounts payable | 47/48 | €1,264,166 | €1,293,046 | +€28,880 | +2.3% |
| Accrued charges and deferred income | 492/3 | €45 | €59 | +€13 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,337 | €45,337 | = | 0.0% |
| Other operating charges | 640/8 | €10,460 | €10,888 | +€428 | +4.1% |
| Gross operating margin | 9900 | €55,116 | €69,177 | +€14,061 | +25.5% |
| Operating profit (loss) | 9901 | -€681 | €12,952 | +€13,634 | |
| Financial charges | 65/66B | €45,649 | €37,368 | -€8,281 | -18.1% |
| Recurring financial charges | 65 | €45,649 | €37,368 | -€8,281 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,331 | -€24,416 | +€21,915 | +47.3% |
| Profit (loss) for the period | 9904 | -€46,331 | -€24,416 | +€21,915 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,331 | -€24,416 | +€21,915 | +47.3% |
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.