RM 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.
RM IMMO
Largest movements
- Cash +€625,880
up €625,880 (+3041.4%), from €20,579 to €646,459
mainly Short-term financial debts (+€980,000) and Receivables within one year (+€4,138)
- Stocks and contracts +€321,256
up €321,256 (+42.1%), from €763,220 to €1.1m
- Short-term financial debts +€980,000
up €980,000 (+233.3%), from €420,000 to €1.4m
- Profit (loss) carried forward -€36,760
down €36,760 (-32.3%), from -€113,939 to -€150,699
- Financial charges +€16,124
up €16,124 (+160.3%), from €10,056 to €26,180
- Financial income -€3,999
down €3,999 (-75.1%), from €5,325 to €1,326
- Other operating charges -€1,692
down €1,692 (-44.1%), from €3,835 to €2,143
- Depreciation -€185
no longer reported in 2025 (was €185)
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 | €791,471 | €1,734,180 | +€942,709 | +119.1% |
| Current assets | 29/58 | €791,471 | €1,734,180 | +€942,709 | +119.1% |
| Stocks and contracts in progress | 3 | €763,220 | €1,084,476 | +€321,256 | +42.1% |
| Stocks | 30/36 | €763,220 | €1,084,476 | +€321,256 | +42.1% |
| Amounts receivable within one year | 40/41 | €5,277 | €1,139 | -€4,138 | -78.4% |
| Other amounts receivable | 41 | €5,277 | €1,139 | -€4,138 | -78.4% |
| Cash at bank and in hand | 54/58 | €20,579 | €646,459 | +€625,880 | +3041.4% |
| Deferred charges and accrued income | 490/1 | €2,395 | €2,106 | -€289 | -12.1% |
| Total equity and liabilities | 10/49 | €791,471 | €1,734,180 | +€942,709 | +119.1% |
| Equity | 10/15 | -€103,939 | -€140,699 | -€36,760 | -35.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,939 | -€150,699 | -€36,760 | -32.3% |
| Amounts payable | 17/49 | €895,410 | €1,874,879 | +€979,469 | +109.4% |
| Amounts payable within one year | 42/48 | €895,410 | €1,874,879 | +€979,469 | +109.4% |
| Financial debts | 43 | €420,000 | €1,400,000 | +€980,000 | +233.3% |
| Credit institutions | 430/8 | €420,000 | €1,400,000 | +€980,000 | +233.3% |
| Trade debts | 44 | €909 | €379 | -€530 | -58.3% |
| Suppliers | 440/4 | €909 | €379 | -€530 | -58.3% |
| Other amounts payable | 47/48 | €474,501 | €474,500 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | - | -€185 | |
| Other operating charges | 640/8 | €3,835 | €2,143 | -€1,692 | -44.1% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | -€9,780 | -€9,763 | +€17 | +0.2% |
| Operating profit (loss) | 9901 | -€13,900 | -€11,906 | +€1,994 | +14.3% |
| Financial income | 75/76B | €5,325 | €1,326 | -€3,999 | -75.1% |
| Recurring financial income | 75 | €5,325 | €1,326 | -€3,999 | -75.1% |
| Financial charges | 65/66B | €10,056 | €26,180 | +€16,124 | +160.3% |
| Recurring financial charges | 65 | €10,056 | €26,180 | +€16,124 | +160.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,631 | -€36,760 | -€18,129 | -97.3% |
| Profit (loss) for the period | 9904 | -€18,631 | -€36,760 | -€18,129 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,631 | -€36,760 | -€18,129 | -97.3% |
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 12 October 2026 via checked.be.