IMMODEL: 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.
IMMODEL
Largest movements
- Receivables within one year +€189,300
up €189,300 (+3614.1%), from €5,238 to €194,538
of which Other amounts receivable: +€189,300
- Tangible fixed assets -€21,547
down €21,547 (-100.0%), from €21,547 to €0
of which Land and buildings: -€18,468
- Cash +€13,907
up €13,907 (+17967.3%), from €77 to €13,984
mainly Net result for the year (+€134,149) and Provisions (+€47,113)
- Reserves +€141,340
up €141,340 (+440.3%), from €32,102 to €173,442
of which Tax-exempt reserves: +€141,340
- Provisions +€47,113
new in 2024: €47,113
- Profit (loss) carried forward -€7,190
down €7,190 (-50.5%), from -€14,252 to -€21,442
- Gross operating margin +€185,356
up €185,356, from -€2,307 to €183,049
- Depreciation -€4,670
no longer reported in 2024 (was €4,670)
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,862 | €208,522 | +€181,660 | +676.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €21,547 | €0 | -€21,547 | -100.0% |
| Tangible fixed assets | 22/27 | €21,547 | €0 | -€21,547 | -100.0% |
| Land and buildings | 22 | €18,468 | €0 | -€18,468 | -100.0% |
| Plant, machinery and equipment | 23 | €3,079 | €0 | -€3,079 | -100.0% |
| Current assets | 29/58 | €5,315 | €208,522 | +€203,207 | +3823.1% |
| Amounts receivable within one year | 40/41 | €5,238 | €194,538 | +€189,300 | +3614.1% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €5,238 | €194,538 | +€189,300 | +3614.1% |
| Cash at bank and in hand | 54/58 | €77 | €13,984 | +€13,907 | +17967.3% |
| Total equity and liabilities | 10/49 | €26,862 | €208,522 | +€181,660 | +676.3% |
| Equity | 10/15 | €24,048 | €158,197 | +€134,149 | +557.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €32,102 | €173,442 | +€141,340 | +440.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €141,340 | +€141,340 | |
| Distributable reserves | 133 | €30,243 | €30,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,252 | -€21,442 | -€7,190 | -50.5% |
| Provisions and deferred taxes | 16 | - | €47,113 | +€47,113 | |
| Deferred taxes | 168 | - | €47,113 | +€47,113 | |
| Amounts payable | 17/49 | €2,814 | €3,212 | +€397 | +14.1% |
| Amounts payable within one year | 42/48 | €2,814 | €2,814 | = | 0.0% |
| Trade debts | 44 | €47 | €47 | = | 0.0% |
| Suppliers | 440/4 | €47 | €47 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,767 | €2,767 | = | 0.0% |
| Taxes | 450/3 | €2,767 | €2,767 | = | 0.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €397 | +€397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,670 | - | -€4,670 | |
| Other operating charges | 640/8 | €1,322 | €1,433 | +€112 | +8.5% |
| Gross operating margin | 9900 | -€2,307 | €183,049 | +€185,356 | |
| Operating profit (loss) | 9901 | -€8,299 | €181,616 | +€189,915 | |
| Financial charges | 65/66B | €646 | €353 | -€293 | -45.3% |
| Recurring financial charges | 65 | €646 | €353 | -€293 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,945 | €181,263 | +€190,207 | |
| Transfer to deferred taxes | 680 | - | €47,113 | +€47,113 | |
| Profit (loss) for the period | 9904 | -€8,945 | €134,149 | +€143,094 | |
| Transfer to tax-exempt reserves | 689 | - | €141,340 | +€141,340 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,945 | -€7,190 | +€1,754 | +19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.