IMMO BODU: 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.
IMMO BODU
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-58.5%), from €1.9m to €795,625
- Tangible fixed assets -€89,982
down €89,982 (-38.9%), from €231,093 to €141,111
- Debts after one year -€1.2m
no longer reported in 2025 (was €1.2m)
- Short-term financial debts +€706,605
new in 2025: €706,605
- Other debts -€428,436
down €428,436 (-20.1%), from €2.1m to €1.7m
- Current portion of long-term debt -€203,218
no longer reported in 2025 (was €203,218)
- Profit (loss) carried forward -€42,360
down €42,360 (-52.2%), from €81,111 to €38,751
- Financial income +€1.5m
up €1.5m (+5563.4%), from €26,923 to €1.5m
of which Non-recurring financial income: +€1.5m
- Gross operating margin -€157,874
down €157,874 (-69.3%), from €227,827 to €69,953
- Financial charges +€156,659
up €156,659 (+194.9%), from €80,370 to €237,029
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 | €3,982,342 | €2,766,117 | -€1.2m | -30.5% |
| Fixed assets | 21/28 | €2,060,474 | €1,970,492 | -€89,982 | -4.4% |
| Tangible fixed assets | 22/27 | €231,093 | €141,111 | -€89,982 | -38.9% |
| Land and buildings | 22 | €231,093 | €141,111 | -€89,982 | -38.9% |
| Financial fixed assets | 28 | €1,829,381 | €1,829,381 | = | 0.0% |
| Current assets | 29/58 | €1,921,869 | €795,625 | -€1.1m | -58.6% |
| Amounts receivable within one year | 40/41 | €1,917,036 | €795,625 | -€1.1m | -58.5% |
| Other amounts receivable | 41 | €1,917,036 | €795,625 | -€1.1m | -58.5% |
| Cash at bank and in hand | 54/58 | €4,832 | - | -€4,832 | |
| Total equity and liabilities | 10/49 | €3,982,342 | €2,766,117 | -€1.2m | -30.5% |
| Equity | 10/15 | €320,573 | €278,213 | -€42,360 | -13.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €176,962 | €176,962 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,712 | €170,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,111 | €38,751 | -€42,360 | -52.2% |
| Provisions and deferred taxes | 16 | €56,904 | €56,904 | = | 0.0% |
| Deferred taxes | 168 | €56,904 | €56,904 | = | 0.0% |
| Amounts payable | 17/49 | €3,604,865 | €2,431,000 | -€1.2m | -32.6% |
| Amounts payable after more than one year | 17 | €1,247,837 | - | -€1.2m | |
| Financial debts | 170/4 | €1,247,837 | - | -€1.2m | |
| Amounts payable within one year | 42/48 | €2,357,028 | €2,431,000 | +€73,972 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €203,218 | - | -€203,218 | |
| Financial debts | 43 | - | €706,605 | +€706,605 | |
| Credit institutions | 430/8 | - | €706,605 | +€706,605 | |
| Trade debts | 44 | €19,182 | €20,202 | +€1,020 | +5.3% |
| Suppliers | 440/4 | €19,182 | €20,202 | +€1,020 | +5.3% |
| Taxes, remuneration and social security | 45 | €2,000 | - | -€2,000 | |
| Taxes | 450/3 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,132,628 | €1,704,192 | -€428,436 | -20.1% |
| Gross operating margin | 9900 | €227,827 | €69,953 | -€157,874 | -69.3% |
| Operating profit (loss) | 9901 | €227,827 | €69,953 | -€157,874 | -69.3% |
| Financial income | 75/76B | €26,923 | €1,524,759 | +€1.5m | +5563.4% |
| Recurring financial income | 75 | €26,923 | €74,759 | +€47,836 | +177.7% |
| Non-recurring financial income | 76B | - | €1,450,000 | +€1.5m | |
| Financial charges | 65/66B | €80,370 | €237,029 | +€156,659 | +194.9% |
| Recurring financial charges | 65 | €80,370 | €237,029 | +€156,659 | +194.9% |
| Profit (loss) for the period before taxes | 9903 | €174,380 | €1,357,683 | +€1.2m | +678.6% |
| Transfer to deferred taxes | 680 | €56,904 | - | -€56,904 | |
| Income taxes | 67/77 | - | €43 | +€43 | |
| Profit (loss) for the period | 9904 | €117,476 | €1,357,640 | +€1.2m | +1055.7% |
| Transfer to tax-exempt reserves | 689 | €170,712 | - | -€170,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,237 | €1,357,640 | +€1.4m |
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 4 October 2026 via checked.be.