IMMO - MODA: 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.
IMMO - MODA
Largest movements
- Receivables within one year +€23,412
up €23,412 (+3.7%), from €634,317 to €657,728
- Reserves +€18,534
up €18,534 (+8.7%), from €212,334 to €230,868
of which Distributable reserves: +€18,534
- Gross operating margin +€73,226
up €73,226, from -€47,285 to €25,941
- Financial charges -€6,240
down €6,240 (-23.4%), from €26,674 to €20,434
- Financial income -€3,232
down €3,232 (-12.5%), from €25,843 to €22,611
- Other operating charges -€752
down €752 (-21.9%), from €3,427 to €2,675
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,691 | €747,128 | +€19,437 | +2.7% |
| Fixed assets | 21/28 | €79,312 | €72,402 | -€6,910 | -8.7% |
| Tangible fixed assets | 22/27 | €79,312 | €72,402 | -€6,910 | -8.7% |
| Land and buildings | 22 | €65,738 | €61,477 | -€4,262 | -6.5% |
| Plant, machinery and equipment | 23 | €13,574 | €10,926 | -€2,648 | -19.5% |
| Current assets | 29/58 | €648,379 | €674,726 | +€26,347 | +4.1% |
| Amounts receivable within one year | 40/41 | €634,317 | €657,728 | +€23,412 | +3.7% |
| Other amounts receivable | 41 | €634,317 | €657,728 | +€23,412 | +3.7% |
| Cash at bank and in hand | 54/58 | €1,317 | €5,032 | +€3,716 | +282.2% |
| Deferred charges and accrued income | 490/1 | €12,746 | €11,966 | -€780 | -6.1% |
| Total equity and liabilities | 10/49 | €727,691 | €747,128 | +€19,437 | +2.7% |
| Equity | 10/15 | €367,267 | €385,802 | +€18,534 | +5.0% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €212,334 | €230,868 | +€18,534 | +8.7% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Distributable reserves | 133 | €196,841 | €215,375 | +€18,534 | +9.4% |
| Amounts payable | 17/49 | €360,424 | €361,327 | +€903 | +0.3% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,158 | €200,977 | +€819 | +0.4% |
| Trade debts | 44 | €1,163 | €230 | -€933 | -80.3% |
| Suppliers | 440/4 | €1,163 | €230 | -€933 | -80.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €198,995 | €200,748 | +€1,753 | +0.9% |
| Accrued charges and deferred income | 492/3 | €10,266 | €10,350 | +€84 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,108 | €6,910 | -€199 | -2.8% |
| Other operating charges | 640/8 | €3,427 | €2,675 | -€752 | -21.9% |
| Gross operating margin | 9900 | -€47,285 | €25,941 | +€73,226 | |
| Operating profit (loss) | 9901 | -€57,820 | €16,357 | +€74,177 | |
| Financial income | 75/76B | €25,843 | €22,611 | -€3,232 | -12.5% |
| Recurring financial income | 75 | €25,843 | €22,611 | -€3,232 | -12.5% |
| Financial charges | 65/66B | €26,674 | €20,434 | -€6,240 | -23.4% |
| Recurring financial charges | 65 | €26,674 | €20,434 | -€6,240 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€58,651 | €18,534 | +€77,185 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€58,651 | €18,534 | +€77,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,651 | €18,534 | +€77,185 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.