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
- Cash -€23,087
down €23,087 (-8.4%), from €274,504 to €251,417
mainly Net result for the year (-€22,842) and Other debts (-€3,268)
- Receivables within one year -€3,023
down €3,023 (-78.8%), from €3,837 to €814
of which Trade receivables: -€3,837
- Profit (loss) carried forward -€22,842
down €22,842 (-34.1%), from €66,936 to €44,094
- Other debts -€3,268
down €3,268 (-65.2%), from €5,010 to €1,742
- Turnover -€90,256
down €90,256 (-97.6%), from €92,516 to €2,260
- Gross operating margin -€74,464
down €74,464, from €70,548 to -€3,916
- Taxes +€18,240
new in 2025: €18,240
- Purchases and services -€15,792
down €15,792 (-71.9%), from €21,968 to €6,176
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 | €291,946 | €265,836 | -€26,110 | -8.9% |
| Fixed assets | 21/28 | €4,921 | €4,921 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,921 | €4,921 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,921 | €4,921 | = | 0.0% |
| Current assets | 29/58 | €287,025 | €260,915 | -€26,110 | -9.1% |
| Stocks and contracts in progress | 3 | €8,684 | €8,684 | = | 0.0% |
| Stocks | 30/36 | €8,684 | €8,684 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,837 | €814 | -€3,023 | -78.8% |
| Trade receivables | 40 | €3,837 | - | -€3,837 | |
| Other amounts receivable | 41 | - | €814 | +€814 | |
| Cash at bank and in hand | 54/58 | €274,504 | €251,417 | -€23,087 | -8.4% |
| Total equity and liabilities | 10/49 | €291,946 | €265,836 | -€26,110 | -8.9% |
| Equity | 10/15 | €286,936 | €264,094 | -€22,842 | -8.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,936 | €44,094 | -€22,842 | -34.1% |
| Amounts payable | 17/49 | €5,010 | €1,742 | -€3,268 | -65.2% |
| Amounts payable within one year | 42/48 | €5,010 | €1,742 | -€3,268 | -65.2% |
| Other amounts payable | 47/48 | €5,010 | €1,742 | -€3,268 | -65.2% |
| Turnover | 70 | €92,516 | €2,260 | -€90,256 | -97.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,968 | €6,176 | -€15,792 | -71.9% |
| Other operating charges | 640/8 | €613 | €528 | -€85 | -13.9% |
| Gross operating margin | 9900 | €70,548 | -€3,916 | -€74,464 | |
| Operating profit (loss) | 9901 | €69,935 | -€4,444 | -€74,379 | |
| Financial charges | 65/66B | €57 | €158 | +€101 | +177.2% |
| Recurring financial charges | 65 | €57 | €158 | +€101 | +177.2% |
| Profit (loss) for the period before taxes | 9903 | €69,878 | -€4,602 | -€74,480 | |
| Income taxes | 67/77 | - | €18,240 | +€18,240 | |
| Profit (loss) for the period | 9904 | €69,878 | -€22,842 | -€92,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,878 | -€22,842 | -€92,720 |
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 30 September 2026 via checked.be.