IMMODECK P: 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.
IMMODECK P
Largest movements
- Cash +€199,790
up €199,790 (+101.8%), from €196,338 to €396,128
mainly Net result for the year (+€110,205) and Depreciation (+€56,989)
- Tangible fixed assets -€50,528
down €50,528 (-5.2%), from €980,114 to €929,586
- Deferred charges and accrued income -€30,381
down €30,381 (-68.8%), from €44,128 to €13,747
- Reserves +€110,205
up €110,205 (+22.4%), from €492,170 to €602,375
of which Distributable reserves: +€112,356
- Gross operating margin +€32,819
up €32,819 (+13.6%), from €240,895 to €273,714
- Financial income -€10,478
down €10,478 (-100.0%), from €10,478 to €0
- Depreciation +€5,075
up €5,075 (+9.8%), from €51,914 to €56,989
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 | €1,287,623 | €1,401,797 | +€114,174 | +8.9% |
| Fixed assets | 21/28 | €980,214 | €929,686 | -€50,528 | -5.2% |
| Tangible fixed assets | 22/27 | €980,114 | €929,586 | -€50,528 | -5.2% |
| Land and buildings | 22 | €980,114 | €929,586 | -€50,528 | -5.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €307,409 | €472,111 | +€164,703 | +53.6% |
| Amounts receivable within one year | 40/41 | €16,943 | €12,236 | -€4,707 | -27.8% |
| Trade receivables | 40 | €734 | €0 | -€734 | -100.0% |
| Other amounts receivable | 41 | €16,209 | €12,236 | -€3,973 | -24.5% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €196,338 | €396,128 | +€199,790 | +101.8% |
| Deferred charges and accrued income | 490/1 | €44,128 | €13,747 | -€30,381 | -68.8% |
| Total equity and liabilities | 10/49 | €1,287,623 | €1,401,797 | +€114,174 | +8.9% |
| Equity | 10/15 | €1,246,689 | €1,356,894 | +€110,205 | +8.8% |
| Contributions | 10/11 | €754,519 | €754,519 | = | 0.0% |
| Reserves | 13 | €492,170 | €602,375 | +€110,205 | +22.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €8,606 | €6,454 | -€2,151 | -25.0% |
| Distributable reserves | 133 | €483,564 | €595,920 | +€112,356 | +23.2% |
| Provisions and deferred taxes | 16 | €2,868 | €2,151 | -€717 | -25.0% |
| Deferred taxes | 168 | €2,868 | €2,151 | -€717 | -25.0% |
| Amounts payable | 17/49 | €38,065 | €42,752 | +€4,687 | +12.3% |
| Amounts payable after more than one year | 17 | €1,080 | €1,080 | = | 0.0% |
| Other amounts payable | 178/9 | €1,080 | €1,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,828 | €29,375 | +€2,548 | +9.5% |
| Trade debts | 44 | €149 | €1,421 | +€1,272 | +853.4% |
| Suppliers | 440/4 | €149 | €1,421 | +€1,272 | +853.4% |
| Taxes, remuneration and social security | 45 | €26,679 | €27,955 | +€1,276 | +4.8% |
| Taxes | 450/3 | €26,679 | €27,955 | +€1,276 | +4.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,158 | €12,297 | +€2,139 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,914 | €56,989 | +€5,075 | +9.8% |
| Other operating charges | 640/8 | €37,481 | €38,584 | +€1,103 | +2.9% |
| Non-recurring operating charges | 66A | - | €22,125 | +€22,125 | |
| Gross operating margin | 9900 | €240,895 | €273,714 | +€32,819 | +13.6% |
| Operating profit (loss) | 9901 | €151,500 | €156,016 | +€4,515 | +3.0% |
| Financial income | 75/76B | €10,478 | €0 | -€10,478 | -100.0% |
| Recurring financial income | 75 | €10,478 | €0 | -€10,478 | -100.0% |
| Financial charges | 65/66B | €3,199 | €652 | -€2,548 | -79.6% |
| Recurring financial charges | 65 | €3,199 | €652 | -€2,548 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €158,779 | €155,364 | -€3,415 | -2.2% |
| Transfer from deferred taxes | 780 | €717 | €717 | = | 0.0% |
| Income taxes | 67/77 | €46,888 | €45,876 | -€1,011 | -2.2% |
| Profit (loss) for the period | 9904 | €112,608 | €110,205 | -€2,403 | -2.1% |
| Transfer from tax-exempt reserves | 789 | €2,151 | €2,151 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,760 | €112,356 | -€2,403 | -2.1% |
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 7 October 2026 via checked.be.