RVG - 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.
RVG - IMMO
Largest movements
- Receivables within one year +€229,069
up €229,069 (+188.9%), from €121,258 to €350,326
- Tangible fixed assets -€13,793
down €13,793 (-11.1%), from €123,724 to €109,931
- Reserves +€205,232
up €205,232 (+57.4%), from €357,654 to €562,885
of which Distributable reserves: +€205,232
- Tax, wage and social debts +€8,734
up €8,734 (+69.0%), from €12,661 to €21,395
- Financial income +€90,374
up €90,374 (+69.3%), from €130,451 to €220,825
- Taxes +€9,525
up €9,525 (+60.0%), from €15,871 to €25,396
- Gross operating margin -€7,972
down €7,972 (-19.9%), from €40,141 to €32,169
- Depreciation -€6,017
down €6,017 (-30.4%), from €19,810 to €13,793
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 | €533,367 | €745,708 | +€212,341 | +39.8% |
| Fixed assets | 21/28 | €373,724 | €359,931 | -€13,793 | -3.7% |
| Tangible fixed assets | 22/27 | €123,724 | €109,931 | -€13,793 | -11.1% |
| Land and buildings | 22 | €123,724 | €109,931 | -€13,793 | -11.1% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €159,643 | €385,777 | +€226,134 | +141.6% |
| Amounts receivable within one year | 40/41 | €121,258 | €350,326 | +€229,069 | +188.9% |
| Other amounts receivable | 41 | €121,258 | €350,326 | +€229,069 | +188.9% |
| Cash at bank and in hand | 54/58 | €28,420 | €30,761 | +€2,341 | +8.2% |
| Deferred charges and accrued income | 490/1 | €9,966 | €4,690 | -€5,276 | -52.9% |
| Total equity and liabilities | 10/49 | €533,367 | €745,708 | +€212,341 | +39.8% |
| Equity | 10/15 | €513,534 | €718,766 | +€205,232 | +40.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €357,654 | €562,885 | +€205,232 | +57.4% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €351,154 | €556,385 | +€205,232 | +58.4% |
| Profit (loss) carried forward | 14 | €90,880 | €90,880 | = | 0.0% |
| Amounts payable | 17/49 | €19,833 | €26,942 | +€7,109 | +35.8% |
| Amounts payable within one year | 42/48 | €19,158 | €26,942 | +€7,784 | +40.6% |
| Financial debts | 43 | €5,070 | €5,055 | -€15 | -0.3% |
| Other loans | 439 | €5,070 | €5,055 | -€15 | -0.3% |
| Trade debts | 44 | €1,428 | €493 | -€935 | -65.5% |
| Suppliers | 440/4 | €1,428 | €493 | -€935 | -65.5% |
| Taxes, remuneration and social security | 45 | €12,661 | €21,395 | +€8,734 | +69.0% |
| Taxes | 450/3 | €12,661 | €21,395 | +€8,734 | +69.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €675 | €0 | -€675 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,810 | €13,793 | -€6,017 | -30.4% |
| Other operating charges | 640/8 | €7,572 | €7,810 | +€238 | +3.1% |
| Gross operating margin | 9900 | €40,141 | €32,169 | -€7,972 | -19.9% |
| Operating profit (loss) | 9901 | €12,760 | €10,566 | -€2,194 | -17.2% |
| Financial income | 75/76B | €130,451 | €220,825 | +€90,374 | +69.3% |
| Recurring financial income | 75 | €130,451 | €220,825 | +€90,374 | +69.3% |
| Financial charges | 65/66B | €732 | €763 | +€32 | +4.3% |
| Recurring financial charges | 65 | €732 | €763 | +€32 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €142,479 | €230,628 | +€88,149 | +61.9% |
| Income taxes | 67/77 | €15,871 | €25,396 | +€9,525 | +60.0% |
| Profit (loss) for the period | 9904 | €126,607 | €205,232 | +€78,624 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €126,607 | €205,232 | +€78,624 | +62.1% |
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 7 October 2026 via checked.be.