RLN 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.
RLN IMMO
Largest movements
- Stocks and contracts +€456,446
up €456,446 (+38.7%), from €1.2m to €1.6m
- Cash -€349,225
down €349,225 (-99.8%), from €350,047 to €822
mainly Stocks and contracts (-€456,446) and Net result for the year (-€66,873)
- Trade debts +€153,402
up €153,402 (+680%), from €22,552 to €175,954
- Profit (loss) carried forward -€66,873
down €66,873 (-78.6%), from -€85,112 to -€151,985
- Gross operating margin -€7,405
down €7,405 (-488%), from -€1,519 to -€8,925
- Financial charges -€6,499
down €6,499 (-10.0%), from €64,799 to €58,300
- Financial income +€968
new in 2025: €968
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 | €1,535,524 | €1,636,742 | +€101,218 | +6.6% |
| Formation expenses | 20 | €470 | €235 | -€235 | -50.0% |
| Current assets | 29/58 | €1,535,054 | €1,636,507 | +€101,453 | +6.6% |
| Stocks and contracts in progress | 3 | €1,178,435 | €1,634,880 | +€456,446 | +38.7% |
| Stocks | 30/36 | €1,178,435 | €1,634,880 | +€456,446 | +38.7% |
| Amounts receivable within one year | 40/41 | €6,573 | €805 | -€5,768 | -87.8% |
| Trade receivables | 40 | - | €439 | +€439 | |
| Other amounts receivable | 41 | €6,573 | €366 | -€6,207 | -94.4% |
| Cash at bank and in hand | 54/58 | €350,047 | €822 | -€349,225 | -99.8% |
| Total equity and liabilities | 10/49 | €1,535,524 | €1,636,742 | +€101,218 | +6.6% |
| Equity | 10/15 | -€70,112 | -€136,985 | -€66,873 | -95.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,112 | -€151,985 | -€66,873 | -78.6% |
| Amounts payable | 17/49 | €1,605,636 | €1,773,727 | +€168,091 | +10.5% |
| Amounts payable after more than one year | 17 | €1,461,751 | €1,466,965 | +€5,214 | +0.4% |
| Financial debts | 170/4 | €1,230,000 | €1,230,000 | = | 0.0% |
| Other amounts payable | 178/9 | €231,751 | €236,965 | +€5,214 | +2.2% |
| Amounts payable within one year | 42/48 | €136,561 | €299,073 | +€162,511 | +119% |
| Trade debts | 44 | €22,552 | €175,954 | +€153,402 | +680% |
| Suppliers | 440/4 | €22,552 | €175,954 | +€153,402 | +680% |
| Other amounts payable | 47/48 | €114,009 | €123,118 | +€9,109 | +8.0% |
| Accrued charges and deferred income | 492/3 | €7,324 | €7,689 | +€365 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €235 | = | 0.0% |
| Other operating charges | 640/8 | €370 | €382 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,519 | -€8,925 | -€7,405 | -488% |
| Operating profit (loss) | 9901 | -€2,124 | -€9,541 | -€7,417 | -349% |
| Financial income | 75/76B | - | €968 | +€968 | |
| Recurring financial income | 75 | - | €968 | +€968 | |
| Financial charges | 65/66B | €64,799 | €58,300 | -€6,499 | -10.0% |
| Recurring financial charges | 65 | €64,799 | €58,300 | -€6,499 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,923 | -€66,873 | +€50 | +0.1% |
| Profit (loss) for the period | 9904 | -€66,923 | -€66,873 | +€50 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,923 | -€66,873 | +€50 | +0.1% |
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.