RL IMMO: what changed
What changed
RL IMMO
filed annual accounts (NBB)
Net result for the year
-€24,416
2024 · -€46,331+€21,915
Equity
-€377,546
2024 · -€353,130-€24,416
Cash
€23,472
2024 · €8,192+€15,281
Balance sheet total
€1.3m
2024 · €1.3m-€33,678
Largest movements
Assets
- Tangible fixed assets -€45,337
down €45,337 (-3.4%), from €1.3m to €1.3m
- Cash +€15,281
up €15,281 (+187%), from €8,192 to €23,472
mainly Depreciation (+€45,337) and Other debts (+€28,880)
Equity and liabilities
- Debts after one year -€36,632
down €36,632 (-9.8%), from €374,893 to €338,261
- Other debts +€28,880
up €28,880 (+2.3%), from €1.3m to €1.3m
- Profit (loss) carried forward -€24,416
down €24,416 (-6.2%), from -€390,810 to -€415,225
Income statement
- Gross operating margin +€14,061
up €14,061 (+25.5%), from €55,116 to €69,177
- Financial charges -€8,281
down €8,281 (-18.1%), from €45,649 to €37,368
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€46,331
Gross operating margin
+€14,061
Other operating charges
-€428
Financial charges
+€8,281
Result 2025
-€24,416
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€51,207
Investment
€0
Financing
-€35,926
Cash 2024
€8,192
From operations (derived)
+€51,207
Net result for the year
-€24,416
Depreciation
+€45,337
Receivables within one year
+€3,670
Smaller working-capital items
-€34
Trade debts
-€2,230
Other debts
+€28,880
Financing
-€35,926
Debts after one year
-€36,632
Current portion of long-term debt
+€706
Cash 2025
€23,472
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,344,331 | €1,310,653 | -€33,678 | -2.5% |
| Fixed assets | 21/28 | €1,325,573 | €1,280,236 | -€45,337 | -3.4% |
| Tangible fixed assets | 22/27 | €1,324,823 | €1,279,486 | -€45,337 | -3.4% |
| Land and buildings | 22 | €1,324,823 | €1,279,486 | -€45,337 | -3.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €18,758 | €30,417 | +€11,659 | +62.2% |
| Amounts receivable within one year | 40/41 | €7,903 | €4,233 | -€3,670 | -46.4% |
| Trade receivables | 40 | €7,903 | €4,233 | -€3,670 | -46.4% |
| Cash at bank and in hand | 54/58 | €8,192 | €23,472 | +€15,281 | +187% |
| Deferred charges and accrued income | 490/1 | €2,663 | €2,711 | +€48 | +1.8% |
| Total equity and liabilities | 10/49 | €1,344,331 | €1,310,653 | -€33,678 | -2.5% |
| Equity | 10/15 | -€353,130 | -€377,546 | -€24,416 | -6.9% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €680 | €680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €680 | €680 | = | 0.0% |
| Reserves not available under the articles | 1311 | €680 | €680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€390,810 | -€415,225 | -€24,416 | -6.2% |
| Amounts payable | 17/49 | €1,697,461 | €1,688,198 | -€9,263 | -0.5% |
| Amounts payable after more than one year | 17 | €374,893 | €338,261 | -€36,632 | -9.8% |
| Financial debts | 170/4 | €374,893 | €338,261 | -€36,632 | -9.8% |
| Amounts payable within one year | 42/48 | €1,322,523 | €1,349,879 | +€27,356 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €35,926 | €36,632 | +€706 | +2.0% |
| Trade debts | 44 | €22,431 | €20,201 | -€2,230 | -9.9% |
| Suppliers | 440/4 | €22,431 | €20,201 | -€2,230 | -9.9% |
| Other amounts payable | 47/48 | €1,264,166 | €1,293,046 | +€28,880 | +2.3% |
| Accrued charges and deferred income | 492/3 | €45 | €59 | +€13 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,337 | €45,337 | = | 0.0% |
| Other operating charges | 640/8 | €10,460 | €10,888 | +€428 | +4.1% |
| Gross operating margin | 9900 | €55,116 | €69,177 | +€14,061 | +25.5% |
| Operating profit (loss) | 9901 | -€681 | €12,952 | +€13,634 | |
| Financial charges | 65/66B | €45,649 | €37,368 | -€8,281 | -18.1% |
| Recurring financial charges | 65 | €45,649 | €37,368 | -€8,281 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,331 | -€24,416 | +€21,915 | +47.3% |
| Profit (loss) for the period | 9904 | -€46,331 | -€24,416 | +€21,915 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,331 | -€24,416 | +€21,915 | +47.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.