IMMODELC: 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.
IMMODELC
Largest movements
- Current investments +€25,923
up €25,923 (+7.5%), from €344,906 to €370,829
- Tangible fixed assets +€16,788
up €16,788 (+2.2%), from €769,399 to €786,187
of which Furniture and vehicles: +€49,313
- Profit (loss) carried forward +€40,183
up €40,183 (+4.9%), from €822,241 to €862,424
- Gross operating margin -€26,372
down €26,372 (-16.6%), from €159,022 to €132,651
- Other operating charges +€2,452
up €2,452 (+6.6%), from €36,996 to €39,448
- Financial income +€2,032
up €2,032 (+31.6%), from €6,430 to €8,462
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 | €1,190,073 | €1,228,425 | +€38,353 | +3.2% |
| Fixed assets | 21/28 | €769,399 | €786,187 | +€16,788 | +2.2% |
| Tangible fixed assets | 22/27 | €769,399 | €786,187 | +€16,788 | +2.2% |
| Land and buildings | 22 | €708,580 | €682,358 | -€26,222 | -3.7% |
| Plant, machinery and equipment | 23 | €59,165 | €52,861 | -€6,304 | -10.7% |
| Furniture and vehicles | 24 | €1,654 | €50,967 | +€49,313 | +2981.3% |
| Current assets | 29/58 | €420,673 | €442,239 | +€21,565 | +5.1% |
| Amounts receivable within one year | 40/41 | €9,622 | €10,405 | +€783 | +8.1% |
| Trade receivables | 40 | €8,299 | €7,199 | -€1,100 | -13.3% |
| Other amounts receivable | 41 | €1,323 | €3,205 | +€1,883 | +142.4% |
| Current investments | 50/53 | €344,906 | €370,829 | +€25,923 | +7.5% |
| Cash at bank and in hand | 54/58 | €66,146 | €61,005 | -€5,141 | -7.8% |
| Total equity and liabilities | 10/49 | €1,190,073 | €1,228,425 | +€38,353 | +3.2% |
| Equity | 10/15 | €1,183,866 | €1,224,048 | +€40,183 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €299,625 | €299,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,436 | €15,436 | = | 0.0% |
| Distributable reserves | 133 | €234,610 | €234,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €822,241 | €862,424 | +€40,183 | +4.9% |
| Amounts payable | 17/49 | €6,207 | €4,377 | -€1,830 | -29.5% |
| Amounts payable within one year | 42/48 | €3,782 | €1,952 | -€1,830 | -48.4% |
| Trade debts | 44 | €2,547 | €1,755 | -€792 | -31.1% |
| Suppliers | 440/4 | €2,547 | €1,755 | -€792 | -31.1% |
| Other amounts payable | 47/48 | €1,235 | €198 | -€1,038 | -84.0% |
| Accrued charges and deferred income | 492/3 | €2,425 | €2,425 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,891 | €60,650 | +€759 | +1.3% |
| Other operating charges | 640/8 | €36,996 | €39,448 | +€2,452 | +6.6% |
| Gross operating margin | 9900 | €159,022 | €132,651 | -€26,372 | -16.6% |
| Operating profit (loss) | 9901 | €62,135 | €32,552 | -€29,583 | -47.6% |
| Financial income | 75/76B | €6,430 | €8,462 | +€2,032 | +31.6% |
| Recurring financial income | 75 | €6,430 | €8,462 | +€2,032 | +31.6% |
| Financial charges | 65/66B | €197 | €176 | -€21 | -10.8% |
| Recurring financial charges | 65 | €197 | €176 | -€21 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €68,367 | €40,839 | -€27,529 | -40.3% |
| Income taxes | 67/77 | €606 | €656 | +€50 | +8.2% |
| Profit (loss) for the period | 9904 | €67,761 | €40,183 | -€27,579 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,761 | €40,183 | -€27,579 | -40.7% |
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 10 October 2026 via checked.be.