IMMODEB: 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.
IMMODEB
Largest movements
- Tangible fixed assets +€360,746
up €360,746 (+35.3%), from €1.0m to €1.4m
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€57,119
new in 2025: €57,119
- Debts after one year +€1.3m
up €1.3m (+433.6%), from €296,046 to €1.6m
- Other debts -€1.0m
no longer reported in 2025 (was €1.0m)
- Trade debts -€37,601
down €37,601 (-87.1%), from €43,149 to €5,548
- Financial charges +€3,125
up €3,125 (+15.0%), from €20,866 to €23,991
- Depreciation -€2,227
down €2,227 (-5.9%), from €37,582 to €35,355
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 | €1,229,779 | €1,447,711 | +€217,931 | +17.7% |
| Fixed assets | 21/28 | €1,023,150 | €1,383,896 | +€360,746 | +35.3% |
| Tangible fixed assets | 22/27 | €1,023,150 | €1,383,896 | +€360,746 | +35.3% |
| Land and buildings | 22 | €1,023,150 | €1,383,896 | +€360,746 | +35.3% |
| Current assets | 29/58 | €206,629 | €63,814 | -€142,814 | -69.1% |
| Amounts receivable within one year | 40/41 | - | €57,119 | +€57,119 | |
| Trade receivables | 40 | - | €57,119 | +€57,119 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €6,629 | €6,695 | +€67 | +1.0% |
| Total equity and liabilities | 10/49 | €1,229,779 | €1,447,711 | +€217,931 | +17.7% |
| Equity | 10/15 | -€167,248 | -€178,987 | -€11,739 | -7.0% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,248 | -€247,987 | -€11,739 | -5.0% |
| Amounts payable | 17/49 | €1,397,027 | €1,626,697 | +€229,670 | +16.4% |
| Amounts payable after more than one year | 17 | €296,046 | €1,579,579 | +€1.3m | +433.6% |
| Financial debts | 170/4 | €296,046 | €1,579,579 | +€1.3m | +433.6% |
| Amounts payable within one year | 42/48 | €1,100,981 | €47,119 | -€1.1m | -95.7% |
| Current portion of amounts payable after more than one year | 42 | €32,237 | €41,571 | +€9,335 | +29.0% |
| Trade debts | 44 | €43,149 | €5,548 | -€37,601 | -87.1% |
| Suppliers | 440/4 | €43,149 | €5,548 | -€37,601 | -87.1% |
| Other amounts payable | 47/48 | €1,025,595 | - | -€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,582 | €35,355 | -€2,227 | -5.9% |
| Other operating charges | 640/8 | €5,213 | €5,182 | -€31 | -0.6% |
| Gross operating margin | 9900 | €50,923 | €51,295 | +€372 | +0.7% |
| Operating profit (loss) | 9901 | €8,127 | €10,758 | +€2,630 | +32.4% |
| Financial income | 75/76B | €2,018 | €1,880 | -€137 | -6.8% |
| Recurring financial income | 75 | €2,018 | €1,880 | -€137 | -6.8% |
| Financial charges | 65/66B | €20,866 | €23,991 | +€3,125 | +15.0% |
| Recurring financial charges | 65 | €20,866 | €23,991 | +€3,125 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,721 | -€11,353 | -€632 | -5.9% |
| Income taxes | 67/77 | €605 | €386 | -€219 | -36.2% |
| Profit (loss) for the period | 9904 | -€11,326 | -€11,739 | -€412 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,326 | -€11,739 | -€412 | -3.6% |
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 7 October 2026 via checked.be.