RL PRO INVEST: 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 PRO INVEST
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+5,447%), from €42,307 to €2.3m
of which Assets under construction and advance payments: +€1.6m
- Cash +€197,715
up €197,715 (+4,145%), from €4,770 to €202,485
mainly Debts after one year (+€1.9m) and Contributions, distributions and other (+€435,000)
- Debts after one year +€1.9m
up €1.9m, from €0 to €1.9m
of which Financial debts: +€1.9m
- Contributions +€435,000
up €435,000 (+669%), from €65,000 to €500,000
- Trade debts +€127,092
up €127,092 (+19,816%), from €641 to €127,733
- Current portion of long-term debt +€97,903
new in 2025: €97,903
- Profit (loss) carried forward -€60,935
down €60,935 (-347%), from -€17,560 to -€78,495
- Gross operating margin -€33,978
down €33,978 (-540%), from -€6,298 to -€40,276
- Financial charges +€17,010
up €17,010 (+64,530%), from €26 to €17,036
- Financial income +€11,769
new in 2025: €11,769
- Depreciation +€7,916
up €7,916 (+179%), from €4,433 to €12,349
- Other operating charges +€2,569
up €2,569 (+562%), from €457 to €3,027
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 | €48,081 | €2,600,015 | +€2.6m | +5,308% |
| Fixed assets | 21/28 | €42,307 | €2,366,764 | +€2.3m | +5,494% |
| Intangible fixed assets | 21 | - | €19,884 | +€19,884 | |
| Tangible fixed assets | 22/27 | €42,307 | €2,346,879 | +€2.3m | +5,447% |
| Land and buildings | 22 | €42,307 | €561,355 | +€519,048 | +1,227% |
| Plant, machinery and equipment | 23 | - | €149,445 | +€149,445 | |
| Furniture and vehicles | 24 | - | €31,608 | +€31,608 | |
| Assets under construction and advance payments | 27 | - | €1,604,471 | +€1.6m | |
| Current assets | 29/58 | €5,774 | €233,251 | +€227,477 | +3,940% |
| Stocks and contracts in progress | 3 | - | €1,848 | +€1,848 | |
| Stocks | 30/36 | - | €1,848 | +€1,848 | |
| Amounts receivable within one year | 40/41 | €175 | €23,190 | +€23,015 | +13,135% |
| Trade receivables | 40 | €0 | €6,474 | +€6,474 | |
| Other amounts receivable | 41 | €175 | €16,717 | +€16,542 | +9,440% |
| Cash at bank and in hand | 54/58 | €4,770 | €202,485 | +€197,715 | +4,145% |
| Deferred charges and accrued income | 490/1 | €829 | €5,728 | +€4,899 | +591% |
| Total equity and liabilities | 10/49 | €48,081 | €2,600,015 | +€2.6m | +5,308% |
| Equity | 10/15 | €47,440 | €421,505 | +€374,065 | +789% |
| Contributions | 10/11 | €65,000 | €500,000 | +€435,000 | +669% |
| Profit (loss) carried forward | 14 | -€17,560 | -€78,495 | -€60,935 | -347% |
| Amounts payable | 17/49 | €641 | €2,178,510 | +€2.2m | +339,570% |
| Amounts payable after more than one year | 17 | €0 | €1,949,309 | +€1.9m | |
| Financial debts | 170/4 | - | €1,949,309 | +€1.9m | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €641 | €225,648 | +€225,007 | +35,083% |
| Current portion of amounts payable after more than one year | 42 | - | €97,903 | +€97,903 | |
| Trade debts | 44 | €641 | €127,733 | +€127,092 | +19,816% |
| Suppliers | 440/4 | €641 | €127,733 | +€127,092 | +19,816% |
| Other amounts payable | 47/48 | - | €12 | +€12 | |
| Accrued charges and deferred income | 492/3 | - | €3,553 | +€3,553 | |
| Remuneration, social security and pensions | 62 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,433 | €12,349 | +€7,916 | +179% |
| Other operating charges | 640/8 | €457 | €3,027 | +€2,569 | +562% |
| Gross operating margin | 9900 | -€6,298 | -€40,276 | -€33,978 | -540% |
| Operating profit (loss) | 9901 | -€11,188 | -€55,667 | -€44,479 | -398% |
| Financial income | 75/76B | - | €11,769 | +€11,769 | |
| Recurring financial income | 75 | - | €11,769 | +€11,769 | |
| Financial charges | 65/66B | €26 | €17,036 | +€17,010 | +64,530% |
| Recurring financial charges | 65 | €26 | €17,036 | +€17,010 | +64,530% |
| Profit (loss) for the period before taxes | 9903 | -€11,215 | -€60,935 | -€49,720 | -443% |
| Profit (loss) for the period | 9904 | -€11,215 | -€60,935 | -€49,720 | -443% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,215 | -€60,935 | -€49,720 | -443% |
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 29 October 2026 via checked.be.