IMMODECK W@C: 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 W@C
Largest movements
- Cash +€477,556
up €477,556 (+365.6%), from €130,612 to €608,168
mainly Investment in fixed assets (net) (+€238,449) and Net result for the year (+€195,685)
- Tangible fixed assets -€243,683
down €243,683 (-68.6%), from €355,256 to €111,573
- Reserves +€195,685
up €195,685 (+140.0%), from €139,741 to €335,426
of which Tax-exempt reserves: +€177,414
- Provisions +€59,138
new in 2025: €59,138
- Debts after one year -€33,903
down €33,903 (-12.8%), from €263,853 to €229,950
of which Financial debts: -€29,853
- Gross operating margin +€215,879
up €215,879 (+359.2%), from €60,104 to €275,983
- Depreciation -€10,612
down €10,612 (-67.0%), from €15,847 to €5,234
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 | €494,637 | €723,159 | +€228,521 | +46.2% |
| Fixed assets | 21/28 | €355,256 | €111,573 | -€243,683 | -68.6% |
| Tangible fixed assets | 22/27 | €355,256 | €111,573 | -€243,683 | -68.6% |
| Land and buildings | 22 | €355,256 | €111,573 | -€243,683 | -68.6% |
| Current assets | 29/58 | €139,382 | €611,586 | +€472,204 | +338.8% |
| Amounts receivable within one year | 40/41 | €7,797 | €3,419 | -€4,378 | -56.2% |
| Trade receivables | 40 | €0 | €13 | +€13 | |
| Other amounts receivable | 41 | €7,797 | €3,405 | -€4,392 | -56.3% |
| Cash at bank and in hand | 54/58 | €130,612 | €608,168 | +€477,556 | +365.6% |
| Deferred charges and accrued income | 490/1 | €973 | €0 | -€973 | -100.0% |
| Total equity and liabilities | 10/49 | €494,637 | €723,159 | +€228,521 | +46.2% |
| Equity | 10/15 | €146,041 | €341,726 | +€195,685 | +134.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €139,741 | €335,426 | +€195,685 | +140.0% |
| Tax-exempt reserves | 132 | - | €177,414 | +€177,414 | |
| Distributable reserves | 133 | €139,741 | €158,012 | +€18,271 | +13.1% |
| Provisions and deferred taxes | 16 | - | €59,138 | +€59,138 | |
| Deferred taxes | 168 | - | €59,138 | +€59,138 | |
| Amounts payable | 17/49 | €348,597 | €322,295 | -€26,301 | -7.5% |
| Amounts payable after more than one year | 17 | €263,853 | €229,950 | -€33,903 | -12.8% |
| Financial debts | 170/4 | €258,303 | €228,450 | -€29,853 | -11.6% |
| Other amounts payable | 178/9 | €5,550 | €1,500 | -€4,050 | -73.0% |
| Amounts payable within one year | 42/48 | €84,744 | €92,345 | +€7,601 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €29,292 | €29,853 | +€560 | +1.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,469 | €8,715 | +€6,246 | +253.0% |
| Taxes | 450/3 | €2,469 | €8,715 | +€6,246 | +253.0% |
| Other amounts payable | 47/48 | €52,983 | €53,777 | +€795 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,847 | €5,234 | -€10,612 | -67.0% |
| Other operating charges | 640/8 | €5,076 | €3,456 | -€1,620 | -31.9% |
| Gross operating margin | 9900 | €60,104 | €275,983 | +€215,879 | +359.2% |
| Operating profit (loss) | 9901 | €39,181 | €267,292 | +€228,111 | +582.2% |
| Financial income | 75/76B | €0 | €755 | +€755 | +1509920.0% |
| Recurring financial income | 75 | €0 | €755 | +€755 | +1509920.0% |
| Financial charges | 65/66B | €6,802 | €6,594 | -€208 | -3.1% |
| Recurring financial charges | 65 | €6,802 | €6,594 | -€208 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €32,379 | €261,453 | +€229,074 | +707.5% |
| Transfer to deferred taxes | 680 | - | €59,138 | +€59,138 | |
| Income taxes | 67/77 | €8,095 | €6,630 | -€1,464 | -18.1% |
| Profit (loss) for the period | 9904 | €24,284 | €195,685 | +€171,400 | +705.8% |
| Transfer to tax-exempt reserves | 689 | - | €177,414 | +€177,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,284 | €18,271 | -€6,013 | -24.8% |
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.