IMMODANY: 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.
IMMODANY
Largest movements
- Cash +€25,003
up €25,003 (+20.6%), from €121,274 to €146,277
mainly Depreciation (+€24,180) and Other debts (+€13,363)
- Tangible fixed assets -€23,139
down €23,139 (-8.7%), from €266,826 to €243,687
of which Land and buildings: -€23,904
- Other debts +€13,363
up €13,363 (+25.1%), from €53,296 to €66,658
- Debts after one year -€9,853
down €9,853 (-4.1%), from €242,440 to €232,587
of which Financial debts: -€9,853
- Accrued charges and deferred income -€8,308
down €8,308 (-93.0%), from €8,933 to €625
- Gross operating margin -€30,772
down €30,772 (-40.3%), from €76,409 to €45,637
- Depreciation -€17,886
down €17,886 (-42.5%), from €42,066 to €24,180
- Financial charges +€8,890
up €8,890 (+228.8%), from €3,885 to €12,774
- Other operating charges -€6,612
down €6,612 (-65.4%), from €10,115 to €3,503
- Staff costs -€4,517
no longer reported in 2025 (was €4,517)
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 | €408,855 | €408,567 | -€288 | -0.1% |
| Fixed assets | 21/28 | €266,826 | €243,687 | -€23,139 | -8.7% |
| Tangible fixed assets | 22/27 | €266,826 | €243,687 | -€23,139 | -8.7% |
| Land and buildings | 22 | €266,362 | €242,457 | -€23,904 | -9.0% |
| Plant, machinery and equipment | 23 | - | €999 | +€999 | |
| Furniture and vehicles | 24 | €465 | €231 | -€234 | -50.3% |
| Current assets | 29/58 | €142,029 | €164,880 | +€22,851 | +16.1% |
| Amounts receivable within one year | 40/41 | €20,651 | €17,557 | -€3,094 | -15.0% |
| Trade receivables | 40 | €19,826 | €16,815 | -€3,011 | -15.2% |
| Other amounts receivable | 41 | €825 | €742 | -€83 | -10.1% |
| Cash at bank and in hand | 54/58 | €121,274 | €146,277 | +€25,003 | +20.6% |
| Deferred charges and accrued income | 490/1 | €104 | €1,045 | +€941 | +905.2% |
| Total equity and liabilities | 10/49 | €408,855 | €408,567 | -€288 | -0.1% |
| Equity | 10/15 | €88,159 | €91,239 | +€3,080 | +3.5% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €762 | €762 | = | 0.0% |
| Non-distributable reserves | 130/1 | €762 | €762 | = | 0.0% |
| Reserves not available under the articles | 1311 | €762 | €762 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,797 | €77,878 | +€3,080 | +4.1% |
| Amounts payable | 17/49 | €320,696 | €317,328 | -€3,369 | -1.1% |
| Amounts payable after more than one year | 17 | €242,440 | €232,587 | -€9,853 | -4.1% |
| Financial debts | 170/4 | €92,440 | €82,587 | -€9,853 | -10.7% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,323 | €84,115 | +€14,792 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €9,704 | €9,853 | +€149 | +1.5% |
| Trade debts | 44 | €4,795 | €5,179 | +€384 | +8.0% |
| Suppliers | 440/4 | €4,795 | €5,179 | +€384 | +8.0% |
| Taxes, remuneration and social security | 45 | €1,528 | €2,425 | +€897 | +58.7% |
| Taxes | 450/3 | €1,528 | €2,425 | +€897 | +58.7% |
| Other amounts payable | 47/48 | €53,296 | €66,658 | +€13,363 | +25.1% |
| Accrued charges and deferred income | 492/3 | €8,933 | €625 | -€8,308 | -93.0% |
| Remuneration, social security and pensions | 62 | €4,517 | - | -€4,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,066 | €24,180 | -€17,886 | -42.5% |
| Other operating charges | 640/8 | €10,115 | €3,503 | -€6,612 | -65.4% |
| Non-recurring operating charges | 66A | €13,039 | - | -€13,039 | |
| Gross operating margin | 9900 | €76,409 | €45,637 | -€30,772 | -40.3% |
| Operating profit (loss) | 9901 | €6,671 | €17,954 | +€11,283 | +169.1% |
| Financial income | 75/76B | €30 | €41 | +€12 | +39.7% |
| Recurring financial income | 75 | €30 | €41 | +€12 | +39.7% |
| Financial charges | 65/66B | €3,885 | €12,774 | +€8,890 | +228.8% |
| Recurring financial charges | 65 | €3,885 | €12,774 | +€8,890 | +228.8% |
| Profit (loss) for the period before taxes | 9903 | €2,816 | €5,221 | +€2,405 | +85.4% |
| Income taxes | 67/77 | €1,694 | €2,141 | +€446 | +26.3% |
| Profit (loss) for the period | 9904 | €1,122 | €3,080 | +€1,958 | +174.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,122 | €3,080 | +€1,958 | +174.6% |
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 5 October 2026 via checked.be.