Rue Neuve 9: 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.
Rue Neuve 9
Largest movements
- Current investments -€2.6m
down €2.6m (-29.4%), from €8.9m to €6.3m
- Tangible fixed assets +€1.5m
up €1.5m (+11.2%), from €13.7m to €15.2m
of which Assets under construction and advance payments: +€1.9m
- Receivables within one year +€422,653
new in 2025: €422,653
- Cash +€368,587
up €368,587 (+341%), from €108,234 to €476,821
mainly Current investments (+€2.6m) and Depreciation (+€328,373)
- Profit (loss) carried forward -€456,300
down €456,300 (-6.0%), from €7.6m to €7.1m
- Financial income -€156,084
down €156,084 (-35.1%), from €444,243 to €288,159
- Gross operating margin -€46,634
down €46,634 (-29.1%), from -€160,161 to -€206,795
- Other operating charges +€25,316
up €25,316 (+14.0%), from €180,624 to €205,940
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 | €22,693,057 | €22,405,218 | -€287,839 | -1.3% |
| Fixed assets | 21/28 | €13,682,081 | €15,221,261 | +€1.5m | +11.2% |
| Tangible fixed assets | 22/27 | €13,682,081 | €15,221,261 | +€1.5m | +11.2% |
| Land and buildings | 22 | €12,939,186 | €12,610,812 | -€328,373 | -2.5% |
| Assets under construction and advance payments | 27 | €742,896 | €2,610,448 | +€1.9m | +251% |
| Current assets | 29/58 | €9,010,975 | €7,183,957 | -€1.8m | -20.3% |
| Amounts receivable within one year | 40/41 | - | €422,653 | +€422,653 | |
| Other amounts receivable | 41 | - | €422,653 | +€422,653 | |
| Current investments | 50/53 | €8,878,060 | €6,266,219 | -€2.6m | -29.4% |
| Cash at bank and in hand | 54/58 | €108,234 | €476,821 | +€368,587 | +341% |
| Deferred charges and accrued income | 490/1 | €24,681 | €18,265 | -€6,417 | -26.0% |
| Total equity and liabilities | 10/49 | €22,693,057 | €22,405,218 | -€287,839 | -1.3% |
| Equity | 10/15 | €22,639,441 | €22,183,141 | -€456,300 | -2.0% |
| Contributions | 10/11 | €14,500,000 | €14,500,000 | = | 0.0% |
| Capital | 10 | €14,500,000 | €14,500,000 | = | 0.0% |
| Issued capital | 100 | €14,500,000 | €14,500,000 | = | 0.0% |
| Reserves | 13 | €538,240 | €538,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €538,240 | €538,240 | = | 0.0% |
| Legal reserve | 130 | €538,240 | €538,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,601,201 | €7,144,901 | -€456,300 | -6.0% |
| Amounts payable | 17/49 | €53,616 | €222,077 | +€168,462 | +314% |
| Amounts payable within one year | 42/48 | €53,616 | €222,077 | +€168,462 | +314% |
| Trade debts | 44 | €53,616 | €222,077 | +€168,462 | +314% |
| Suppliers | 440/4 | €53,616 | €222,077 | +€168,462 | +314% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,373 | €328,373 | = | 0.0% |
| Other operating charges | 640/8 | €180,624 | €205,940 | +€25,316 | +14.0% |
| Gross operating margin | 9900 | -€160,161 | -€206,795 | -€46,634 | -29.1% |
| Operating profit (loss) | 9901 | -€669,159 | -€741,108 | -€71,950 | -10.8% |
| Financial income | 75/76B | €444,243 | €288,159 | -€156,084 | -35.1% |
| Recurring financial income | 75 | €444,243 | €288,159 | -€156,084 | -35.1% |
| Financial charges | 65/66B | €3,901 | €3,351 | -€550 | -14.1% |
| Recurring financial charges | 65 | €3,901 | €3,351 | -€550 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€228,816 | -€456,300 | -€227,484 | -99.4% |
| Profit (loss) for the period | 9904 | -€228,816 | -€456,300 | -€227,484 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€228,816 | -€456,300 | -€227,484 | -99.4% |
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 1 November 2026 via checked.be.