IMMODAVE: 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.
IMMODAVE
Largest movements
- Tangible fixed assets -€12,470
down €12,470 (-5.4%), from €229,381 to €216,911
- Cash +€6,929
up €6,929 (+66.5%), from €10,421 to €17,350
mainly Net result for the year (+€18,720) and Depreciation (+€17,616)
- Debts after one year -€20,457
down €20,457 (-36.1%), from €56,683 to €36,226
- Profit (loss) carried forward +€18,720
up €18,720 (+15.2%), from €123,538 to €142,258
- Tax, wage and social debts -€4,480
down €4,480 (-70.1%), from €6,393 to €1,914
- Turnover -€51,747
no longer reported in 2025 (was €51,747)
- Purchases and services -€8,539
no longer reported in 2025 (was €8,539)
- Gross operating margin +€2,867
up €2,867 (+6.6%), from €43,207 to €46,075
- Taxes +€1,140
up €1,140 (+21.1%), from €5,394 to €6,534
- Financial charges -€867
down €867 (-21.3%), from €4,071 to €3,204
of which Financial charges: -€867
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 | €241,130 | €235,690 | -€5,440 | -2.3% |
| Fixed assets | 21/28 | €229,381 | €216,911 | -€12,470 | -5.4% |
| Tangible fixed assets | 22/27 | €229,381 | €216,911 | -€12,470 | -5.4% |
| Land and buildings | 22 | €229,381 | €216,911 | -€12,470 | -5.4% |
| Current assets | 29/58 | €11,749 | €18,779 | +€7,030 | +59.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,421 | €17,350 | +€6,929 | +66.5% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,429 | +€101 | +7.6% |
| Total equity and liabilities | 10/49 | €241,130 | €235,690 | -€5,440 | -2.3% |
| Equity | 10/15 | €157,623 | €176,343 | +€18,720 | +11.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,538 | €142,258 | +€18,720 | +15.2% |
| Amounts payable | 17/49 | €83,507 | €59,347 | -€24,160 | -28.9% |
| Amounts payable after more than one year | 17 | €56,683 | €36,226 | -€20,457 | -36.1% |
| Financial debts | 170/4 | €56,683 | €36,226 | -€20,457 | -36.1% |
| Amounts payable within one year | 42/48 | €26,124 | €22,371 | -€3,753 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €19,550 | €20,457 | +€907 | +4.6% |
| Trade debts | 44 | €180 | - | -€180 | |
| Suppliers | 440/4 | €180 | - | -€180 | |
| Taxes, remuneration and social security | 45 | €6,393 | €1,914 | -€4,480 | -70.1% |
| Taxes | 450/3 | €6,393 | €1,914 | -€4,480 | -70.1% |
| Accrued charges and deferred income | 492/3 | €700 | €750 | +€50 | +7.1% |
| Turnover | 70 | €51,747 | - | -€51,747 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,539 | - | -€8,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,616 | €17,616 | = | 0.0% |
| Gross operating margin | 9900 | €43,207 | €46,075 | +€2,867 | +6.6% |
| Operating profit (loss) | 9901 | €25,591 | €28,458 | +€2,867 | +11.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,071 | €3,204 | -€867 | -21.3% |
| Recurring financial charges | 65 | €4,071 | €3,204 | -€867 | -21.3% |
| Non-recurring financial charges | 66B | - | €3,204 | +€3,204 | |
| Profit (loss) for the period before taxes | 9903 | €21,520 | €25,254 | +€3,734 | +17.4% |
| Income taxes | 67/77 | €5,394 | €6,534 | +€1,140 | +21.1% |
| Profit (loss) for the period | 9904 | €16,126 | €18,720 | +€2,594 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,126 | €18,720 | +€2,594 | +16.1% |
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 3 October 2026 via checked.be.