RODELCO: 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.
What changed
RODELCO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€338,084
2023 · -€375,736+€37,651
Equity
-€35,338
2023 · €302,747-€338,084
Cash
-
2023 · €319-€319
Balance sheet total
€5.1m
2023 · €5.2m-€117,271
Largest movements
Assets
- Tangible fixed assets -€111,020
down €111,020 (-3.5%), from €3.1m to €3.0m
of which Land and buildings: -€103,633
Equity and liabilities
- Short-term financial debts +€2.0m
up €2.0m (+20611.2%), from €9,753 to €2.0m
- Debts after one year -€1.8m
down €1.8m (-37.5%), from €4.8m to €3.0m
of which Financial debts: -€2.1m
- Profit (loss) carried forward -€338,084
down €338,084, from €215,488 to -€122,596
Income statement
- Financial charges -€50,857
down €50,857 (-22.3%), from €227,737 to €176,880
- Financial income -€12,818
down €12,818 (-15.1%), from €85,104 to €72,286
- Staff costs +€3,991
up €3,991 (+4.1%), from €97,617 to €101,608
- Other operating charges -€3,761
down €3,761 (-16.8%), from €22,432 to €18,671
- Taxes +€164
new in 2024: €164
From the 2023 result to the 2024 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.
Result 2023
-€375,736
Gross operating margin
-€7
Staff costs
-€3,991
Depreciation
+€14
Other operating charges
+€3,761
Financial income
-€12,818
Financial charges
+€50,857
Taxes
-€164
Result 2024
-€338,084
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€215,147
Investment
€0
Financing
+€214,828
Cash 2023
€319
From operations (derived)
-€215,147
Net result for the year
-€338,084
Depreciation
+€111,020
Receivables within one year
+€18,714
Deferred charges and accrued income
-€12,781
Smaller working-capital items
-€461
Other debts
+€6,447
Financing
+€214,828
Debts after one year
-€1.8m
Current portion of long-term debt
+€19,795
Short-term financial debts
+€2.0m
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,233,455 | €5,116,184 | -€117,271 | -2.2% |
| Fixed assets | 21/28 | €3,136,536 | €3,025,515 | -€111,020 | -3.5% |
| Tangible fixed assets | 22/27 | €3,135,966 | €3,024,945 | -€111,020 | -3.5% |
| Land and buildings | 22 | €3,096,619 | €2,992,987 | -€103,633 | -3.3% |
| Plant, machinery and equipment | 23 | €33,412 | €28,636 | -€4,776 | -14.3% |
| Furniture and vehicles | 24 | €305 | - | -€305 | |
| Other tangible fixed assets | 26 | €2,979 | €672 | -€2,307 | -77.4% |
| Assets under construction and advance payments | 27 | €2,650 | €2,650 | = | 0.0% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €2,096,919 | €2,090,668 | -€6,251 | -0.3% |
| Amounts receivable within one year | 40/41 | €2,090,822 | €2,072,109 | -€18,714 | -0.9% |
| Other amounts receivable | 41 | €2,090,822 | €2,072,109 | -€18,714 | -0.9% |
| Cash at bank and in hand | 54/58 | €319 | - | -€319 | |
| Deferred charges and accrued income | 490/1 | €5,778 | €18,559 | +€12,781 | +221.2% |
| Total equity and liabilities | 10/49 | €5,233,455 | €5,116,184 | -€117,271 | -2.2% |
| Equity | 10/15 | €302,747 | -€35,338 | -€338,084 | |
| Contributions | 10/11 | €79,326 | €79,326 | = | 0.0% |
| Reserves | 13 | €7,933 | €7,933 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,933 | €7,933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,933 | €7,933 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,488 | -€122,596 | -€338,084 | |
| Amounts payable | 17/49 | €4,930,708 | €5,151,522 | +€220,813 | +4.5% |
| Amounts payable after more than one year | 17 | €4,836,089 | €3,020,917 | -€1.8m | -37.5% |
| Financial debts | 170/4 | €3,194,797 | €1,089,728 | -€2.1m | -65.9% |
| Other amounts payable | 178/9 | €1,641,292 | €1,931,189 | +€289,897 | +17.7% |
| Amounts payable within one year | 42/48 | €94,619 | €2,130,605 | +€2.0m | +2151.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,795 | +€19,795 | |
| Financial debts | 43 | €9,753 | €2,019,959 | +€2.0m | +20611.2% |
| Credit institutions | 430/8 | €9,753 | €2,019,959 | +€2.0m | +20611.2% |
| Trade debts | 44 | €27,892 | €31,968 | +€4,076 | +14.6% |
| Suppliers | 440/4 | €27,892 | €31,968 | +€4,076 | +14.6% |
| Taxes, remuneration and social security | 45 | €17,981 | €13,444 | -€4,537 | -25.2% |
| Taxes | 450/3 | €1,058 | - | -€1,058 | |
| Remuneration and social security | 454/9 | €16,923 | €13,444 | -€3,479 | -20.6% |
| Other amounts payable | 47/48 | €38,993 | €45,440 | +€6,447 | +16.5% |
| Remuneration, social security and pensions | 62 | €97,617 | €101,608 | +€3,991 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,034 | €111,020 | -€14 | 0.0% |
| Other operating charges | 640/8 | €22,432 | €18,671 | -€3,761 | -16.8% |
| Gross operating margin | 9900 | -€2,020 | -€2,027 | -€7 | -0.3% |
| Operating profit (loss) | 9901 | -€233,103 | -€233,326 | -€223 | -0.1% |
| Financial income | 75/76B | €85,104 | €72,286 | -€12,818 | -15.1% |
| Recurring financial income | 75 | €85,104 | €72,286 | -€12,818 | -15.1% |
| Financial charges | 65/66B | €227,737 | €176,880 | -€50,857 | -22.3% |
| Recurring financial charges | 65 | €227,737 | €176,880 | -€50,857 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€375,736 | -€337,920 | +€37,816 | +10.1% |
| Income taxes | 67/77 | - | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€375,736 | -€338,084 | +€37,651 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€375,736 | -€338,084 | +€37,651 | +10.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.