IMMODEBA: 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.
IMMODEBA
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+130%), from €1.4m to €3.3m
- Revaluation surpluses +€1.9m
new in 2025: €1.9m
- Other debts +€110,209
up €110,209 (+27.6%), from €399,781 to €509,990
- Debts after one year -€91,667
down €91,667 (-17.2%), from €533,667 to €442,000
- Profit (loss) carried forward -€61,328
down €61,328 (-52.6%), from -€116,659 to -€177,987
- Financial charges -€15,086
down €15,086 (-28.1%), from €53,698 to €38,612
- Gross operating margin +€12,728
up €12,728 (+244%), from €5,217 to €17,945
- Other operating charges -€3,530
down €3,530 (-23.9%), from €14,776 to €11,245
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,423,772 | €3,291,308 | +€1.9m | +131% |
| Fixed assets | 21/28 | €1,423,772 | €3,280,009 | +€1.9m | +130% |
| Tangible fixed assets | 22/27 | €1,423,772 | €3,280,009 | +€1.9m | +130% |
| Land and buildings | 22 | €1,423,772 | €3,280,009 | +€1.9m | +130% |
| Current assets | 29/58 | - | €11,300 | +€11,300 | |
| Amounts receivable within one year | 40/41 | - | €7,500 | +€7,500 | |
| Trade receivables | 40 | - | €7,500 | +€7,500 | |
| Deferred charges and accrued income | 490/1 | - | €3,800 | +€3,800 | |
| Total equity and liabilities | 10/49 | €1,423,772 | €3,291,308 | +€1.9m | +131% |
| Equity | 10/15 | €302,850 | €2,132,287 | +€1.8m | +604% |
| Contributions | 10/11 | €78,892 | €78,892 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,906,080 | +€1.9m | |
| Reserves | 13 | €340,617 | €325,302 | -€15,314 | -4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €216,900 | €201,586 | -€15,314 | -7.1% |
| Distributable reserves | 133 | €123,716 | €123,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,659 | -€177,987 | -€61,328 | -52.6% |
| Provisions and deferred taxes | 16 | €71,467 | €66,362 | -€5,105 | -7.1% |
| Deferred taxes | 168 | €71,467 | €66,362 | -€5,105 | -7.1% |
| Amounts payable | 17/49 | €1,049,455 | €1,092,659 | +€43,204 | +4.1% |
| Amounts payable after more than one year | 17 | €533,667 | €442,000 | -€91,667 | -17.2% |
| Financial debts | 170/4 | €533,667 | €442,000 | -€91,667 | -17.2% |
| Amounts payable within one year | 42/48 | €511,832 | €622,313 | +€110,481 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €108,333 | €107,500 | -€833 | -0.8% |
| Trade debts | 44 | €3,717 | €4,823 | +€1,106 | +29.7% |
| Suppliers | 440/4 | €3,717 | €4,823 | +€1,106 | +29.7% |
| Other amounts payable | 47/48 | €399,781 | €509,990 | +€110,209 | +27.6% |
| Accrued charges and deferred income | 492/3 | €3,957 | €28,346 | +€24,389 | +616% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,843 | €49,843 | = | 0.0% |
| Other operating charges | 640/8 | €14,776 | €11,245 | -€3,530 | -23.9% |
| Gross operating margin | 9900 | €5,217 | €17,945 | +€12,728 | +244% |
| Operating profit (loss) | 9901 | -€59,401 | -€43,143 | +€16,258 | +27.4% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €53,698 | €38,612 | -€15,086 | -28.1% |
| Recurring financial charges | 65 | €53,698 | €38,612 | -€15,086 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€113,099 | -€81,747 | +€31,352 | +27.7% |
| Transfer from deferred taxes | 780 | €5,105 | €5,105 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€107,994 | -€76,642 | +€31,352 | +29.0% |
| Transfer from tax-exempt reserves | 789 | €15,314 | €15,314 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,680 | -€61,328 | +€31,352 | +33.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.