RR 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.
What changed
RR IMMO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.3m+€56,262
Equity
€12.8m
2024 · €11.4m+€1.4m
Cash
€506,502
2024 · €35,896+€470,607
Balance sheet total
€25.9m
2024 · €25.9m+€2,404
Largest movements
Assets
- Stocks and contracts -€971,074
down €971,074 (-78.8%), from €1.2m to €261,711
- Tangible fixed assets +€789,458
up €789,458 (+5.9%), from €13.5m to €14.3m
of which Land and buildings: +€1.5m
- Cash +€470,607
up €470,607 (+1311.0%), from €35,896 to €506,502
mainly Other debts (+€1.4m) and Net result for the year (+€1.4m)
- Receivables within one year -€406,142
down €406,142 (-48.9%), from €829,873 to €423,731
of which Other amounts receivable: -€531,559
Equity and liabilities
- Short-term financial debts -€2.3m
down €2.3m (-46.6%), from €4.8m to €2.6m
- Other debts +€1.4m
up €1.4m (+343.6%), from €403,538 to €1.8m
- Reserves +€1.4m
up €1.4m (+21.2%), from €6.4m to €7.7m
of which Distributable reserves: +€1.4m
- Debts after one year -€478,497
down €478,497 (-6.0%), from €8.0m to €7.5m
of which Financial debts: -€478,497
- Tax, wage and social debts +€328,210
up €328,210 (+1564.9%), from €20,973 to €349,184
of which Taxes: +€331,768
Income statement
- Gross operating margin -€1.9m
no longer reported in 2025 (was €1.9m)
- Turnover +€1.8m
new in 2025: €1.8m
- Services and other goods +€1.0m
new in 2025: €1.0m
- Other operating income +€1.0m
new in 2025: €1.0m
- Goods and materials +€989,288
new in 2025: €989,288
of which Change in stocks: decrease (increase): +€971,074
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.
Result 2024
€1.3m
Turnover
+€1.8m
Other operating income
+€1.0m
Goods and materials
-€989,288
Services and other goods
-€1.0m
Staff costs
+€7,981
Depreciation
-€13,364
Other operating charges
-€100,483
Other operating items
-€1.5m
Financial income
+€680,707
Financial charges
+€118,321
Taxes
+€84,579
Deferred taxes and other
-€73,986
Result 2025
€1.4m
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.
From operations
+€4.3m
Investment
-€893,390
Financing
-€2.9m
Cash 2024
€35,896
From operations (derived)
+€4.3m
Net result for the year
+€1.4m
Depreciation
+€178,048
Receivables after one year
-€146,707
Stocks and contracts
+€971,074
Receivables within one year
+€406,142
Deferred charges and accrued income
-€46,964
Provisions
-€6,680
Trade debts
-€139,341
Tax, wage and social debts
+€328,210
Advances received
-€38,960
Other debts
+€1.4m
Accrued charges and deferred income
+€29,460
Investment (derived)
-€893,390
Investment in fixed assets (net)
-€1.0m
Current investments
+€123,771
Financing
-€2.9m
Debts after one year
-€478,497
Current portion of long-term debt
-€178,683
Short-term financial debts
-€2.3m
Cash 2025
€506,502
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,917,576 | €25,919,980 | +€2,404 | 0.0% |
| Fixed assets | 21/28 | €20,105,275 | €20,944,389 | +€839,114 | +4.2% |
| Tangible fixed assets | 22/27 | €13,487,955 | €14,277,414 | +€789,458 | +5.9% |
| Land and buildings | 22 | €10,863,965 | €12,369,812 | +€1.5m | +13.9% |
| Furniture and vehicles | 24 | €497,749 | €553,688 | +€55,940 | +11.2% |
| Other tangible fixed assets | 26 | €1,249,715 | €1,353,914 | +€104,199 | +8.3% |
| Assets under construction and advance payments | 27 | €876,527 | €0 | -€876,527 | -100.0% |
| Financial fixed assets | 28 | €6,617,319 | €6,666,975 | +€49,656 | +0.8% |
| Affiliated companies | 280/1 | - | €6,666,975 | +€6.7m | |
| Participating interests | 280 | - | €6,666,975 | +€6.7m | |
| Other financial fixed assets | 284/8 | - | €0 | = | |
| Amounts receivable and cash guarantees | 285/8 | - | €0 | = | |
| Current assets | 29/58 | €5,812,302 | €4,975,592 | -€836,710 | -14.4% |
| Amounts receivable after more than one year | 29 | €1,516,417 | €1,663,124 | +€146,707 | +9.7% |
| Other amounts receivable | 291 | €1,516,417 | €1,663,124 | +€146,707 | +9.7% |
| Stocks and contracts in progress | 3 | €1,232,785 | €261,711 | -€971,074 | -78.8% |
| Stocks | 30/36 | €1,232,785 | €261,711 | -€971,074 | -78.8% |
| Property held for sale | 35 | - | €261,711 | +€261,711 | |
| Amounts receivable within one year | 40/41 | €829,873 | €423,731 | -€406,142 | -48.9% |
| Trade receivables | 40 | €117,381 | €242,799 | +€125,418 | +106.8% |
| Other amounts receivable | 41 | €712,492 | €180,932 | -€531,559 | -74.6% |
| Current investments | 50/53 | €2,187,657 | €2,063,885 | -€123,771 | -5.7% |
| Other investments | 51/53 | - | €2,063,885 | +€2.1m | |
| Cash at bank and in hand | 54/58 | €35,896 | €506,502 | +€470,607 | +1311.0% |
| Deferred charges and accrued income | 490/1 | €9,674 | €56,638 | +€46,964 | +485.4% |
| Total equity and liabilities | 10/49 | €25,917,576 | €25,919,980 | +€2,404 | 0.0% |
| Equity | 10/15 | €11,401,408 | €12,752,385 | +€1.4m | +11.8% |
| Contributions | 10/11 | €659,428 | €659,428 | = | 0.0% |
| Capital | 10 | €659,428 | €659,428 | = | 0.0% |
| Issued capital | 100 | €659,428 | €659,428 | = | 0.0% |
| Revaluation surpluses | 12 | €4,363,964 | €4,363,964 | = | 0.0% |
| Reserves | 13 | €6,378,016 | €7,728,993 | +€1.4m | +21.2% |
| Non-distributable reserves | 130/1 | €65,943 | €65,943 | = | 0.0% |
| Legal reserve | 130 | €65,943 | €65,943 | = | 0.0% |
| Tax-exempt reserves | 132 | €474,102 | €454,062 | -€20,041 | -4.2% |
| Distributable reserves | 133 | €5,837,971 | €7,208,989 | +€1.4m | +23.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €224,146 | €217,466 | -€6,680 | -3.0% |
| Deferred taxes | 168 | €224,146 | €217,466 | -€6,680 | -3.0% |
| Amounts payable | 17/49 | €14,292,022 | €12,950,129 | -€1.3m | -9.4% |
| Amounts payable after more than one year | 17 | €7,962,804 | €7,484,307 | -€478,497 | -6.0% |
| Financial debts | 170/4 | €7,448,904 | €6,970,407 | -€478,497 | -6.4% |
| Credit institutions | 173 | - | €6,970,407 | +€7.0m | |
| Other loans | 174 | - | €0 | = | |
| Other amounts payable | 178/9 | €513,900 | €513,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,329,218 | €5,436,361 | -€892,857 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €865,016 | €686,333 | -€178,683 | -20.7% |
| Financial debts | 43 | €4,827,328 | €2,576,834 | -€2.3m | -46.6% |
| Credit institutions | 430/8 | €4,827,328 | €2,576,834 | -€2.3m | -46.6% |
| Trade debts | 44 | €165,584 | €26,244 | -€139,341 | -84.2% |
| Suppliers | 440/4 | €165,584 | €26,244 | -€139,341 | -84.2% |
| Advances received on contracts in progress | 46 | €46,778 | €7,818 | -€38,960 | -83.3% |
| Taxes, remuneration and social security | 45 | €20,973 | €349,184 | +€328,210 | +1564.9% |
| Taxes | 450/3 | €14,545 | €346,314 | +€331,768 | +2280.9% |
| Remuneration and social security | 454/9 | €6,428 | €2,870 | -€3,558 | -55.3% |
| Other amounts payable | 47/48 | €403,538 | €1,789,948 | +€1.4m | +343.6% |
| Accrued charges and deferred income | 492/3 | - | €29,460 | +€29,460 | |
| Operating income | 70/76A | - | €3,257,513 | +€3.3m | |
| Turnover | 70 | - | €1,804,927 | +€1.8m | |
| Other operating income | 74 | - | €1,009,170 | +€1.0m | |
| Non-recurring operating income | 76A | €137,218 | €443,416 | +€306,198 | +223.1% |
| Operating charges | 60/66A | - | €2,387,036 | +€2.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €989,288 | +€989,288 | |
| Purchases | 600/8 | - | €18,215 | +€18,215 | |
| Change in stocks: decrease (increase) | 609 | - | €971,074 | +€971,074 | |
| Services and other goods | 61 | - | €1,013,915 | +€1.0m | |
| Remuneration, social security and pensions | 62 | €47,485 | €39,504 | -€7,981 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,684 | €178,048 | +€13,364 | +8.1% |
| Other operating charges | 640/8 | €65,799 | €166,282 | +€100,483 | +152.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,901,804 | - | -€1.9m | |
| Operating profit (loss) | 9901 | €1,623,836 | €870,477 | -€753,359 | -46.4% |
| Financial income | 75/76B | €651,738 | €1,332,445 | +€680,707 | +104.4% |
| Recurring financial income | 75 | €651,738 | €1,332,445 | +€680,707 | +104.4% |
| Income from financial fixed assets | 750 | - | €181,124 | +€181,124 | |
| Income from current assets | 751 | - | €20,865 | +€20,865 | |
| Other financial income | 752/9 | - | €1,130,456 | +€1.1m | |
| Financial charges | 65/66B | €734,663 | €616,341 | -€118,321 | -16.1% |
| Recurring financial charges | 65 | €734,663 | €616,341 | -€118,321 | -16.1% |
| Debt charges | 650 | - | €501,321 | +€501,321 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€26,436 | -€26,436 | |
| Other financial charges | 652/9 | - | €141,456 | +€141,456 | |
| Profit (loss) for the period before taxes | 9903 | €1,540,911 | €1,586,581 | +€45,670 | +3.0% |
| Transfer from deferred taxes | 780 | €80,666 | €6,680 | -€73,986 | -91.7% |
| Income taxes | 67/77 | €326,862 | €242,284 | -€84,579 | -25.9% |
| Taxes | 670/3 | - | €242,284 | +€242,284 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €1,294,716 | €1,350,978 | +€56,262 | +4.3% |
| Transfer from tax-exempt reserves | 789 | €241,999 | €20,041 | -€221,958 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,536,715 | €1,371,018 | -€165,696 | -10.8% |
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 6 October 2026 via checked.be.