RLD IMMO: what changed
Two fiscal 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.
RLD IMMO
Largest movements
- Tangible fixed assets +€102,148
up €102,148 (+27.2%), from €375,261 to €477,409
- Cash +€14,726
up €14,726 (+595.0%), from €2,475 to €17,201
mainly Other debts (+€96,297) and Depreciation (+€26,509)
- Other debts +€96,297
up €96,297 (+103.6%), from €92,953 to €189,250
- Reserves +€10,466
new in 2025: €10,466
- Debts after one year +€5,793
up €5,793 (+2.4%), from €243,003 to €248,796
- Gross operating margin +€15,821
up €15,821 (+38.6%), from €41,014 to €56,835
- Depreciation -€13,298
down €13,298 (-33.4%), from €39,806 to €26,509
- Financial charges +€7,620
up €7,620 (+114.7%), from €6,646 to €14,266
- Write-downs -€3,850
down €3,850 (-77.6%), from €4,958 to €1,108
- Other operating charges +€2,472
up €2,472 (+313.8%), from €788 to €3,260
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 | €392,288 | €507,741 | +€115,454 | +29.4% |
| Fixed assets | 21/28 | €375,261 | €477,409 | +€102,148 | +27.2% |
| Tangible fixed assets | 22/27 | €375,261 | €477,409 | +€102,148 | +27.2% |
| Land and buildings | 22 | €375,261 | €477,409 | +€102,148 | +27.2% |
| Current assets | 29/58 | €17,027 | €30,333 | +€13,306 | +78.1% |
| Amounts receivable within one year | 40/41 | €14,552 | €12,937 | -€1,615 | -11.1% |
| Other amounts receivable | 41 | €14,552 | €12,937 | -€1,615 | -11.1% |
| Cash at bank and in hand | 54/58 | €2,475 | €17,201 | +€14,726 | +595.0% |
| Deferred charges and accrued income | 490/1 | - | €195 | +€195 | |
| Total equity and liabilities | 10/49 | €392,288 | €507,741 | +€115,454 | +29.4% |
| Equity | 10/15 | €5,136 | €15,602 | +€10,466 | +203.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €10,466 | +€10,466 | |
| Distributable reserves | 133 | - | €10,466 | +€10,466 | |
| Profit (loss) carried forward | 14 | €136 | €136 | = | 0.0% |
| Amounts payable | 17/49 | €387,152 | €492,139 | +€104,987 | +27.1% |
| Amounts payable after more than one year | 17 | €243,003 | €248,796 | +€5,793 | +2.4% |
| Financial debts | 170/4 | €243,003 | €248,796 | +€5,793 | +2.4% |
| Amounts payable within one year | 42/48 | €122,761 | €223,789 | +€101,028 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €24,826 | €28,878 | +€4,052 | +16.3% |
| Trade debts | 44 | €2,012 | €4,436 | +€2,424 | +120.5% |
| Suppliers | 440/4 | €2,012 | €4,436 | +€2,424 | +120.5% |
| Taxes, remuneration and social security | 45 | €2,971 | €1,225 | -€1,745 | -58.8% |
| Taxes | 450/3 | €2,971 | €1,225 | -€1,745 | -58.8% |
| Other amounts payable | 47/48 | €92,953 | €189,250 | +€96,297 | +103.6% |
| Accrued charges and deferred income | 492/3 | €21,387 | €19,554 | -€1,833 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,806 | €26,509 | -€13,298 | -33.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,958 | €1,108 | -€3,850 | -77.6% |
| Other operating charges | 640/8 | €788 | €3,260 | +€2,472 | +313.8% |
| Gross operating margin | 9900 | €41,014 | €56,835 | +€15,821 | +38.6% |
| Operating profit (loss) | 9901 | -€4,538 | €25,958 | +€30,496 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,646 | €14,266 | +€7,620 | +114.7% |
| Recurring financial charges | 65 | €6,646 | €14,266 | +€7,620 | +114.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,184 | €11,692 | +€22,875 | |
| Income taxes | 67/77 | - | €1,225 | +€1,225 | |
| Profit (loss) for the period | 9904 | -€11,184 | €10,466 | +€21,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,184 | €10,466 | +€21,650 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.