Immo Modest: 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 Modest
Largest movements
- Tangible fixed assets -€20,007
down €20,007 (-3.6%), from €549,229 to €529,222
- Debts after one year -€20,881
down €20,881 (-5.9%), from €351,553 to €330,672
- Other operating charges +€2,178
up €2,178 (+482.8%), from €451 to €2,629
- Depreciation +€490
up €490 (+2.5%), from €19,517 to €20,007
- Gross operating margin -€453
down €453 (-1.3%), from €33,579 to €33,126
- Financial charges -€376
down €376 (-5.4%), from €7,021 to €6,645
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 | €609,614 | €591,466 | -€18,147 | -3.0% |
| Fixed assets | 21/28 | €549,229 | €529,222 | -€20,007 | -3.6% |
| Tangible fixed assets | 22/27 | €549,229 | €529,222 | -€20,007 | -3.6% |
| Land and buildings | 22 | €549,229 | €529,222 | -€20,007 | -3.6% |
| Current assets | 29/58 | €60,384 | €62,244 | +€1,859 | +3.1% |
| Amounts receivable within one year | 40/41 | €52,576 | €52,907 | +€331 | +0.6% |
| Other amounts receivable | 41 | €52,576 | €52,907 | +€331 | +0.6% |
| Cash at bank and in hand | 54/58 | €7,545 | €9,074 | +€1,529 | +20.3% |
| Deferred charges and accrued income | 490/1 | €263 | €263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €609,614 | €591,466 | -€18,147 | -3.0% |
| Equity | 10/15 | €97,995 | €100,879 | +€2,884 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €77,995 | €80,879 | +€2,884 | +3.7% |
| Distributable reserves | 133 | €77,995 | €80,879 | +€2,884 | +3.7% |
| Amounts payable | 17/49 | €511,619 | €490,587 | -€21,032 | -4.1% |
| Amounts payable after more than one year | 17 | €351,553 | €330,672 | -€20,881 | -5.9% |
| Financial debts | 170/4 | €351,553 | €330,672 | -€20,881 | -5.9% |
| Amounts payable within one year | 42/48 | €160,066 | €159,915 | -€150 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €20,511 | €20,881 | +€370 | +1.8% |
| Trade debts | 44 | €520 | €0 | -€520 | -100.0% |
| Suppliers | 440/4 | €520 | €0 | -€520 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,800 | €1,799 | -€0 | 0.0% |
| Taxes | 450/3 | €1,800 | €1,799 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €137,235 | €137,235 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,517 | €20,007 | +€490 | +2.5% |
| Other operating charges | 640/8 | €451 | €2,629 | +€2,178 | +482.8% |
| Gross operating margin | 9900 | €33,579 | €33,126 | -€453 | -1.3% |
| Operating profit (loss) | 9901 | €13,611 | €10,490 | -€3,121 | -22.9% |
| Financial charges | 65/66B | €7,021 | €6,645 | -€376 | -5.4% |
| Recurring financial charges | 65 | €7,021 | €6,645 | -€376 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €6,590 | €3,845 | -€2,745 | -41.6% |
| Income taxes | 67/77 | €1,292 | €961 | -€331 | -25.6% |
| Profit (loss) for the period | 9904 | €5,298 | €2,884 | -€2,414 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,298 | €2,884 | -€2,414 | -45.6% |
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 30 September 2026 via checked.be.