IMMOD: 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.
IMMOD
Largest movements
- Current investments -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
- Cash +€12,520
up €12,520 (+113.5%), from €11,033 to €23,553
mainly Current investments (+€25,000) and Depreciation (+€3,401)
- Tangible fixed assets -€3,401
down €3,401 (-5.9%), from €57,874 to €54,473
of which Land and buildings: -€3,059
- Reserves -€14,928
down €14,928 (-8.3%), from €180,763 to €165,835
- Debts after one year -€2,414
down €2,414 (-9.2%), from €26,336 to €23,923
- Gross operating margin -€7,675
down €7,675 (-199.4%), from -€3,849 to -€11,524
- Financial income -€2,507
down €2,507 (-58.9%), from €4,257 to €1,750
- Depreciation -€1,983
down €1,983 (-36.8%), from €5,384 to €3,401
- Taxes +€519
up €519, from -€0 to €519
- Other operating charges +€202
up €202 (+49.0%), from €412 to €615
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 | €222,699 | €204,626 | -€18,073 | -8.1% |
| Fixed assets | 21/28 | €57,874 | €54,473 | -€3,401 | -5.9% |
| Tangible fixed assets | 22/27 | €57,874 | €54,473 | -€3,401 | -5.9% |
| Land and buildings | 22 | €56,995 | €53,936 | -€3,059 | -5.4% |
| Furniture and vehicles | 24 | €879 | €537 | -€343 | -39.0% |
| Current assets | 29/58 | €164,825 | €150,153 | -€14,671 | -8.9% |
| Amounts receivable within one year | 40/41 | €3,792 | €1,600 | -€2,192 | -57.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,792 | €1,600 | -€2,192 | -57.8% |
| Current investments | 50/53 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €11,033 | €23,553 | +€12,520 | +113.5% |
| Total equity and liabilities | 10/49 | €222,699 | €204,626 | -€18,073 | -8.1% |
| Equity | 10/15 | €193,163 | €178,235 | -€14,928 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €180,763 | €165,835 | -€14,928 | -8.3% |
| Distributable reserves | 133 | €180,763 | €165,835 | -€14,928 | -8.3% |
| Amounts payable | 17/49 | €29,536 | €26,391 | -€3,144 | -10.6% |
| Amounts payable after more than one year | 17 | €26,336 | €23,923 | -€2,414 | -9.2% |
| Financial debts | 170/4 | €26,336 | €23,923 | -€2,414 | -9.2% |
| Amounts payable within one year | 42/48 | €3,199 | €2,469 | -€731 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €2,377 | €2,414 | +€36 | +1.5% |
| Trade debts | 44 | €182 | €55 | -€127 | -69.7% |
| Suppliers | 440/4 | €182 | €55 | -€127 | -69.7% |
| Taxes, remuneration and social security | 45 | €226 | €0 | -€226 | -100.0% |
| Taxes | 450/3 | €226 | €0 | -€226 | -100.0% |
| Other amounts payable | 47/48 | €414 | €0 | -€414 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,384 | €3,401 | -€1,983 | -36.8% |
| Other operating charges | 640/8 | €412 | €615 | +€202 | +49.0% |
| Gross operating margin | 9900 | -€3,849 | -€11,524 | -€7,675 | -199.4% |
| Operating profit (loss) | 9901 | -€9,646 | -€15,540 | -€5,894 | -61.1% |
| Financial income | 75/76B | €4,257 | €1,750 | -€2,507 | -58.9% |
| Recurring financial income | 75 | €4,257 | €1,750 | -€2,507 | -58.9% |
| Financial charges | 65/66B | €660 | €619 | -€41 | -6.2% |
| Recurring financial charges | 65 | €660 | €619 | -€41 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,049 | -€14,409 | -€8,361 | -138.2% |
| Income taxes | 67/77 | -€0 | €519 | +€519 | |
| Profit (loss) for the period | 9904 | -€6,049 | -€14,928 | -€8,880 | -146.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,049 | -€14,928 | -€8,880 | -146.8% |
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 5 October 2026 via checked.be.