IMMO - MODERNA: 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 - MODERNA
Largest movements
- Tangible fixed assets -€38,272
down €38,272 (-7.4%), from €517,624 to €479,352
of which Land and buildings: -€25,347
- Cash +€14,656
up €14,656 (+20.1%), from €72,905 to €87,561
mainly Depreciation (+€38,272) and Net result for the year (+€24,275)
- Other debts -€21,338
down €21,338 (-69.1%), from €30,875 to €9,537
- Financial income -€7,079
down €7,079 (-96.7%), from €7,318 to €239
- Gross operating margin +€2,041
up €2,041 (+2.2%), from €94,671 to €96,712
- Taxes -€1,361
down €1,361 (-9.3%), from €14,639 to €13,277
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 | €1,048,399 | €1,021,265 | -€27,134 | -2.6% |
| Fixed assets | 21/28 | €517,624 | €479,352 | -€38,272 | -7.4% |
| Tangible fixed assets | 22/27 | €517,624 | €479,352 | -€38,272 | -7.4% |
| Land and buildings | 22 | €474,493 | €449,146 | -€25,347 | -5.3% |
| Furniture and vehicles | 24 | €43,131 | €30,206 | -€12,925 | -30.0% |
| Current assets | 29/58 | €530,775 | €541,913 | +€11,137 | +2.1% |
| Amounts receivable within one year | 40/41 | €7,870 | €4,351 | -€3,519 | -44.7% |
| Other amounts receivable | 41 | €7,870 | €4,351 | -€3,519 | -44.7% |
| Current investments | 50/53 | €450,000 | €450,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,905 | €87,561 | +€14,656 | +20.1% |
| Total equity and liabilities | 10/49 | €1,048,399 | €1,021,265 | -€27,134 | -2.6% |
| Equity | 10/15 | €990,817 | €987,907 | -€2,910 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €928,817 | €925,907 | -€2,910 | -0.3% |
| Non-distributable reserves | 130/1 | €32,350 | €32,350 | = | 0.0% |
| Legal reserve | 130 | €6,693 | €6,693 | = | 0.0% |
| Other | 1319 | €25,657 | €25,657 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,810 | €34,068 | -€2,742 | -7.4% |
| Distributable reserves | 133 | €859,656 | €859,488 | -€168 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €18,955 | €17,543 | -€1,412 | -7.4% |
| Deferred taxes | 168 | €18,955 | €17,543 | -€1,412 | -7.4% |
| Amounts payable | 17/49 | €38,628 | €15,815 | -€22,812 | -59.1% |
| Amounts payable after more than one year | 17 | €3,315 | €4,116 | +€801 | +24.2% |
| Other amounts payable | 178/9 | €3,315 | €4,116 | +€801 | +24.2% |
| Amounts payable within one year | 42/48 | €31,408 | €11,699 | -€19,708 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €533 | €2,163 | +€1,630 | +305.8% |
| Suppliers | 440/4 | €533 | €2,163 | +€1,630 | +305.8% |
| Other amounts payable | 47/48 | €30,875 | €9,537 | -€21,338 | -69.1% |
| Accrued charges and deferred income | 492/3 | €3,905 | €0 | -€3,905 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,272 | €38,272 | = | 0.0% |
| Other operating charges | 640/8 | €23,210 | €22,350 | -€860 | -3.7% |
| Gross operating margin | 9900 | €94,671 | €96,712 | +€2,041 | +2.2% |
| Operating profit (loss) | 9901 | €33,189 | €36,089 | +€2,900 | +8.7% |
| Financial income | 75/76B | €7,318 | €239 | -€7,079 | -96.7% |
| Recurring financial income | 75 | €7,318 | €239 | -€7,079 | -96.7% |
| Financial charges | 65/66B | €865 | €189 | -€676 | -78.2% |
| Recurring financial charges | 65 | €865 | €189 | -€676 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €39,643 | €36,140 | -€3,503 | -8.8% |
| Transfer from deferred taxes | 780 | €1,412 | €1,412 | = | 0.0% |
| Income taxes | 67/77 | €14,639 | €13,277 | -€1,361 | -9.3% |
| Profit (loss) for the period | 9904 | €26,416 | €24,275 | -€2,141 | -8.1% |
| Transfer from tax-exempt reserves | 789 | €2,742 | €2,742 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,158 | €27,017 | -€2,141 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.