IMMODEK: 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.
IMMODEK
Largest movements
- Current investments -€2.5m
down €2.5m (-91.3%), from €2.8m to €240,754
- Other debts -€2.7m
down €2.7m (-91.2%), from €3.0m to €261,495
- Reserves +€151,569
up €151,569 (+43.3%), from €350,339 to €501,909
of which Distributable reserves: +€154,683
- Financial income -€28,255
down €28,255 (-37.3%), from €75,710 to €47,455
- Gross operating margin +€14,722
up €14,722 (+7.8%), from €188,009 to €202,732
- Taxes -€6,644
down €6,644 (-11.4%), from €58,205 to €51,561
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 | €3,845,471 | €1,297,294 | -€2.5m | -66.3% |
| Fixed assets | 21/28 | €921,668 | €901,167 | -€20,502 | -2.2% |
| Tangible fixed assets | 22/27 | €921,475 | €900,973 | -€20,502 | -2.2% |
| Land and buildings | 22 | €921,475 | €900,973 | -€20,502 | -2.2% |
| Financial fixed assets | 28 | €193 | €193 | = | 0.0% |
| Current assets | 29/58 | €2,923,802 | €396,128 | -€2.5m | -86.5% |
| Amounts receivable within one year | 40/41 | €12,648 | €17,660 | +€5,012 | +39.6% |
| Other amounts receivable | 41 | €12,648 | €17,660 | +€5,012 | +39.6% |
| Current investments | 50/53 | €2,767,364 | €240,754 | -€2.5m | -91.3% |
| Cash at bank and in hand | 54/58 | €117,191 | €131,913 | +€14,722 | +12.6% |
| Deferred charges and accrued income | 490/1 | €26,599 | €5,800 | -€20,799 | -78.2% |
| Total equity and liabilities | 10/49 | €3,845,471 | €1,297,294 | -€2.5m | -66.3% |
| Equity | 10/15 | €821,339 | €972,909 | +€151,569 | +18.5% |
| Contributions | 10/11 | €471,000 | €471,000 | = | 0.0% |
| Capital | 10 | €471,000 | €471,000 | = | 0.0% |
| Issued capital | 100 | €471,000 | €471,000 | = | 0.0% |
| Reserves | 13 | €350,339 | €501,909 | +€151,569 | +43.3% |
| Non-distributable reserves | 130/1 | €47,100 | €47,100 | = | 0.0% |
| Legal reserve | 130 | €47,100 | €47,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,858 | €44,744 | -€3,114 | -6.5% |
| Distributable reserves | 133 | €255,382 | €410,065 | +€154,683 | +60.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €15,953 | €14,915 | -€1,038 | -6.5% |
| Deferred taxes | 168 | €15,953 | €14,915 | -€1,038 | -6.5% |
| Amounts payable | 17/49 | €3,008,179 | €309,471 | -€2.7m | -89.7% |
| Amounts payable within one year | 42/48 | €3,008,179 | €309,471 | -€2.7m | -89.7% |
| Trade debts | 44 | €9,469 | €11,166 | +€1,697 | +17.9% |
| Suppliers | 440/4 | €9,469 | €11,166 | +€1,697 | +17.9% |
| Taxes, remuneration and social security | 45 | €36,810 | €36,810 | = | 0.0% |
| Taxes | 450/3 | €36,810 | €36,810 | = | 0.0% |
| Other amounts payable | 47/48 | €2,961,900 | €261,495 | -€2.7m | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,502 | €20,502 | = | 0.0% |
| Other operating charges | 640/8 | €26,661 | €27,497 | +€835 | +3.1% |
| Gross operating margin | 9900 | €188,009 | €202,732 | +€14,722 | +7.8% |
| Operating profit (loss) | 9901 | €140,846 | €154,733 | +€13,887 | +9.9% |
| Financial income | 75/76B | €75,710 | €47,455 | -€28,255 | -37.3% |
| Recurring financial income | 75 | €75,710 | €47,455 | -€28,255 | -37.3% |
| Financial charges | 65/66B | €69 | €96 | +€27 | +38.5% |
| Recurring financial charges | 65 | €69 | €96 | +€27 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €216,487 | €202,093 | -€14,394 | -6.6% |
| Transfer from deferred taxes | 780 | €1,038 | €1,038 | = | 0.0% |
| Income taxes | 67/77 | €58,205 | €51,561 | -€6,644 | -11.4% |
| Profit (loss) for the period | 9904 | €159,320 | €151,569 | -€7,750 | -4.9% |
| Transfer from tax-exempt reserves | 789 | €3,114 | €3,114 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,434 | €154,683 | -€7,750 | -4.8% |
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 12 October 2026 via checked.be.