IMMO MDi: 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 MDi
Largest movements
- Cash -€16,259
down €16,259 (-22.1%), from €73,423 to €57,164
mainly Debts after one year (-€37,663) and Current portion of long-term debt (-€26,436)
- Receivables within one year +€12,151
up €12,151 (+282.8%), from €4,297 to €16,448
of which Trade receivables: +€9,957
- Tangible fixed assets -€6,982
down €6,982 (-40.6%), from €17,196 to €10,214
- Debts after one year -€37,663
no longer reported in 2025 (was €37,663)
- Other debts +€30,954
up €30,954 (+62.3%), from €49,710 to €80,664
- Current portion of long-term debt -€26,436
no longer reported in 2025 (was €26,436)
- Profit (loss) carried forward +€25,802
up €25,802 (+48.4%), from -€53,328 to -€27,526
- Trade debts -€3,850
down €3,850 (-65.1%), from €5,912 to €2,062
- Gross operating margin -€21,548
down €21,548 (-23.0%), from €93,675 to €72,127
- Taxes +€4,862
up €4,862 (+3543.7%), from €137 to €5,000
- Other operating charges -€1,379
down €1,379 (-45.4%), from €3,039 to €1,660
- Financial charges -€1,096
down €1,096 (-40.6%), from €2,697 to €1,601
- Staff costs -€1,082
down €1,082 (-3.5%), from €31,219 to €30,137
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 | €96,097 | €85,886 | -€10,211 | -10.6% |
| Fixed assets | 21/28 | €17,371 | €10,389 | -€6,982 | -40.2% |
| Tangible fixed assets | 22/27 | €17,196 | €10,214 | -€6,982 | -40.6% |
| Furniture and vehicles | 24 | €17,196 | €10,214 | -€6,982 | -40.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €78,725 | €75,497 | -€3,229 | -4.1% |
| Amounts receivable within one year | 40/41 | €4,297 | €16,448 | +€12,151 | +282.8% |
| Trade receivables | 40 | - | €9,957 | +€9,957 | |
| Other amounts receivable | 41 | €4,297 | €6,491 | +€2,194 | +51.1% |
| Cash at bank and in hand | 54/58 | €73,423 | €57,164 | -€16,259 | -22.1% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,885 | +€880 | +87.5% |
| Total equity and liabilities | 10/49 | €96,097 | €85,886 | -€10,211 | -10.6% |
| Equity | 10/15 | -€26,868 | -€1,066 | +€25,802 | +96.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,328 | -€27,526 | +€25,802 | +48.4% |
| Amounts payable | 17/49 | €122,964 | €86,952 | -€36,013 | -29.3% |
| Amounts payable after more than one year | 17 | €37,663 | - | -€37,663 | |
| Financial debts | 170/4 | €37,663 | - | -€37,663 | |
| Amounts payable within one year | 42/48 | €85,032 | €86,952 | +€1,920 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €26,436 | - | -€26,436 | |
| Trade debts | 44 | €5,912 | €2,062 | -€3,850 | -65.1% |
| Suppliers | 440/4 | €5,912 | €2,062 | -€3,850 | -65.1% |
| Taxes, remuneration and social security | 45 | €2,974 | €4,226 | +€1,252 | +42.1% |
| Taxes | 450/3 | €140 | €1,291 | +€1,151 | +822.5% |
| Remuneration and social security | 454/9 | €2,834 | €2,934 | +€101 | +3.5% |
| Other amounts payable | 47/48 | €49,710 | €80,664 | +€30,954 | +62.3% |
| Accrued charges and deferred income | 492/3 | €270 | - | -€270 | |
| Remuneration, social security and pensions | 62 | €31,219 | €30,137 | -€1,082 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,741 | €8,268 | +€527 | +6.8% |
| Other operating charges | 640/8 | €3,039 | €1,660 | -€1,379 | -45.4% |
| Gross operating margin | 9900 | €93,675 | €72,127 | -€21,548 | -23.0% |
| Operating profit (loss) | 9901 | €51,676 | €32,062 | -€19,614 | -38.0% |
| Financial income | 75/76B | €363 | €340 | -€23 | -6.3% |
| Recurring financial income | 75 | €363 | €340 | -€23 | -6.3% |
| Financial charges | 65/66B | €2,697 | €1,601 | -€1,096 | -40.6% |
| Recurring financial charges | 65 | €2,697 | €1,601 | -€1,096 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €49,342 | €30,801 | -€18,541 | -37.6% |
| Income taxes | 67/77 | €137 | €5,000 | +€4,862 | +3543.7% |
| Profit (loss) for the period | 9904 | €49,205 | €25,802 | -€23,403 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,205 | €25,802 | -€23,403 | -47.6% |
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.