IMMODELL: 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.
IMMODELL
Largest movements
- Cash +€143,187
up €143,187 (+400.1%), from €35,787 to €178,975
mainly Stocks and contracts (+€122,495) and Depreciation (+€17,384)
- Stocks and contracts -€122,495
no longer reported in 2025 (was €122,495)
- Tangible fixed assets -€17,384
down €17,384 (-2.0%), from €871,127 to €853,742
- Receivables within one year -€11,803
down €11,803 (-85.0%), from €13,881 to €2,078
of which Trade receivables: -€12,100
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€71,773
down €71,773 (-70.7%), from €101,533 to €29,761
- Taxes -€12,446
down €12,446 (-96.2%), from €12,934 to €488
- Other operating charges -€3,423
down €3,423 (-58.6%), from €5,837 to €2,415
- Financial charges +€2,097
up €2,097 (+33.7%), from €6,227 to €8,324
- Depreciation +€1,547
up €1,547 (+9.8%), from €15,838 to €17,384
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 | €1,060,734 | €1,052,195 | -€8,539 | -0.8% |
| Fixed assets | 21/28 | €888,527 | €871,142 | -€17,384 | -2.0% |
| Tangible fixed assets | 22/27 | €871,127 | €853,742 | -€17,384 | -2.0% |
| Land and buildings | 22 | €871,127 | €853,742 | -€17,384 | -2.0% |
| Financial fixed assets | 28 | €17,400 | €17,400 | = | 0.0% |
| Current assets | 29/58 | €172,207 | €181,053 | +€8,845 | +5.1% |
| Stocks and contracts in progress | 3 | €122,495 | - | -€122,495 | |
| Stocks | 30/36 | €122,495 | - | -€122,495 | |
| Amounts receivable within one year | 40/41 | €13,881 | €2,078 | -€11,803 | -85.0% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €1,781 | €2,078 | +€297 | +16.7% |
| Cash at bank and in hand | 54/58 | €35,787 | €178,975 | +€143,187 | +400.1% |
| Deferred charges and accrued income | 490/1 | €43 | - | -€43 | |
| Total equity and liabilities | 10/49 | €1,060,734 | €1,052,195 | -€8,539 | -0.8% |
| Equity | 10/15 | €51,118 | €52,459 | +€1,341 | +2.6% |
| Contributions | 10/11 | €12,653 | €12,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,465 | €39,806 | +€1,341 | +3.5% |
| Amounts payable | 17/49 | €1,009,616 | €999,736 | -€9,880 | -1.0% |
| Amounts payable after more than one year | 17 | €170,375 | €163,976 | -€6,399 | -3.8% |
| Financial debts | 170/4 | €170,375 | €163,976 | -€6,399 | -3.8% |
| Amounts payable within one year | 42/48 | €837,116 | €835,760 | -€1,356 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €6,149 | €6,921 | +€771 | +12.5% |
| Trade debts | 44 | €391 | €348 | -€44 | -11.2% |
| Suppliers | 440/4 | €391 | €348 | -€44 | -11.2% |
| Taxes, remuneration and social security | 45 | €5,239 | €148 | -€5,091 | -97.2% |
| Taxes | 450/3 | €5,239 | €148 | -€5,091 | -97.2% |
| Other amounts payable | 47/48 | €825,336 | €828,344 | +€3,008 | +0.4% |
| Accrued charges and deferred income | 492/3 | €2,125 | - | -€2,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,838 | €17,384 | +€1,547 | +9.8% |
| Other operating charges | 640/8 | €5,837 | €2,415 | -€3,423 | -58.6% |
| Gross operating margin | 9900 | €101,533 | €29,761 | -€71,773 | -70.7% |
| Operating profit (loss) | 9901 | €79,858 | €9,961 | -€69,897 | -87.5% |
| Financial income | 75/76B | €746 | €193 | -€553 | -74.2% |
| Recurring financial income | 75 | €746 | €193 | -€553 | -74.2% |
| Financial charges | 65/66B | €6,227 | €8,324 | +€2,097 | +33.7% |
| Recurring financial charges | 65 | €6,227 | €8,324 | +€2,097 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €74,377 | €1,830 | -€72,547 | -97.5% |
| Income taxes | 67/77 | €12,934 | €488 | -€12,446 | -96.2% |
| Profit (loss) for the period | 9904 | €61,443 | €1,341 | -€60,102 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,443 | €1,341 | -€60,102 | -97.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.