IMMODA: 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.
IMMODA
Largest movements
- Tangible fixed assets -€329,891
down €329,891 (-21.5%), from €1.5m to €1.2m
- Cash +€153,573
up €153,573 (+2581.9%), from €5,948 to €159,521
mainly Investment in fixed assets (net) (+€272,217) and Depreciation (+€57,674)
- Receivables within one year -€28,486
down €28,486 (-89.8%), from €31,711 to €3,225
- Other debts -€205,500
down €205,500 (-89.8%), from €228,777 to €23,277
- Profit (loss) carried forward +€66,775
up €66,775, from -€64,492 to €2,283
- Current portion of long-term debt -€38,512
no longer reported in 2024 (was €38,512)
- Debts after one year -€29,638
no longer reported in 2024 (was €29,638)
- Gross operating margin +€121,238
up €121,238 (+319.0%), from €38,004 to €159,242
- Depreciation -€12,441
down €12,441 (-17.7%), from €70,115 to €57,674
- Taxes +€5,655
up €5,655 (+181.4%), from €3,118 to €8,773
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,569,573 | €1,364,769 | -€204,804 | -13.0% |
| Fixed assets | 21/28 | €1,531,914 | €1,202,023 | -€329,891 | -21.5% |
| Tangible fixed assets | 22/27 | €1,531,914 | €1,202,023 | -€329,891 | -21.5% |
| Land and buildings | 22 | €1,531,914 | €1,202,023 | -€329,891 | -21.5% |
| Current assets | 29/58 | €37,659 | €162,746 | +€125,087 | +332.2% |
| Amounts receivable within one year | 40/41 | €31,711 | €3,225 | -€28,486 | -89.8% |
| Trade receivables | 40 | €31,711 | €3,225 | -€28,486 | -89.8% |
| Cash at bank and in hand | 54/58 | €5,948 | €159,521 | +€153,573 | +2581.9% |
| Total equity and liabilities | 10/49 | €1,569,573 | €1,364,769 | -€204,804 | -13.0% |
| Equity | 10/15 | €1,202,483 | €1,259,522 | +€57,039 | +4.7% |
| Contributions | 10/11 | €1,188,402 | €1,188,402 | = | 0.0% |
| Capital | 10 | €1,188,402 | €1,188,402 | = | 0.0% |
| Issued capital | 100 | €1,188,402 | €1,188,402 | = | 0.0% |
| Reserves | 13 | €78,573 | €68,837 | -€9,736 | -12.4% |
| Non-distributable reserves | 130/1 | €2,300 | €2,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,300 | €2,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,273 | €66,537 | -€9,736 | -12.8% |
| Profit (loss) carried forward | 14 | -€64,492 | €2,283 | +€66,775 | |
| Amounts payable | 17/49 | €367,090 | €105,247 | -€261,843 | -71.3% |
| Amounts payable after more than one year | 17 | €29,638 | - | -€29,638 | |
| Financial debts | 170/4 | €29,638 | - | -€29,638 | |
| Amounts payable within one year | 42/48 | €337,452 | €105,247 | -€232,205 | -68.8% |
| Current portion of amounts payable after more than one year | 42 | €38,512 | - | -€38,512 | |
| Trade debts | 44 | €66,687 | €74,196 | +€7,509 | +11.3% |
| Suppliers | 440/4 | €66,687 | €74,196 | +€7,509 | +11.3% |
| Taxes, remuneration and social security | 45 | €3,476 | €7,774 | +€4,298 | +123.6% |
| Taxes | 450/3 | €3,476 | €7,774 | +€4,298 | +123.6% |
| Other amounts payable | 47/48 | €228,777 | €23,277 | -€205,500 | -89.8% |
| Non-recurring operating income | 76A | - | €300,283 | +€300,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,115 | €57,674 | -€12,441 | -17.7% |
| Other operating charges | 640/8 | €17,504 | €17,760 | +€256 | +1.5% |
| Gross operating margin | 9900 | €38,004 | €159,242 | +€121,238 | +319.0% |
| Operating profit (loss) | 9901 | -€49,615 | €83,808 | +€133,423 | |
| Financial charges | 65/66B | €17,091 | €17,996 | +€905 | +5.3% |
| Recurring financial charges | 65 | €17,091 | €17,996 | +€905 | +5.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€66,706 | €65,812 | +€132,518 | |
| Income taxes | 67/77 | €3,118 | €8,773 | +€5,655 | +181.4% |
| Profit (loss) for the period | 9904 | -€69,824 | €57,039 | +€126,863 | |
| Transfer from tax-exempt reserves | 789 | €9,736 | €9,736 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,088 | €66,775 | +€126,863 |
Source: filed annual accounts (NBB), financial years ended 15 December 2023 and 15 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.