IMMODELLIN: 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.
IMMODELLIN
Largest movements
- Tangible fixed assets -€14,700
down €14,700 (-5.8%), from €252,795 to €238,095
- Debts after one year -€21,531
down €21,531 (-14.5%), from €148,271 to €126,740
- Current portion of long-term debt +€3,505
up €3,505 (+19.4%), from €18,026 to €21,531
- Profit (loss) carried forward +€2,871
up €2,871 (+3.8%), from -€75,531 to -€72,660
- Gross operating margin -€1,232
down €1,232 (-4.6%), from €26,597 to €25,365
- Financial charges -€792
down €792 (-18.1%), from €4,376 to €3,584
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 | €257,428 | €242,574 | -€14,854 | -5.8% |
| Fixed assets | 21/28 | €252,795 | €238,095 | -€14,700 | -5.8% |
| Tangible fixed assets | 22/27 | €252,795 | €238,095 | -€14,700 | -5.8% |
| Land and buildings | 22 | €252,795 | €238,095 | -€14,700 | -5.8% |
| Current assets | 29/58 | €4,633 | €4,479 | -€154 | -3.3% |
| Cash at bank and in hand | 54/58 | €3,816 | €3,638 | -€178 | -4.7% |
| Deferred charges and accrued income | 490/1 | €817 | €841 | +€24 | +2.9% |
| Total equity and liabilities | 10/49 | €257,428 | €242,574 | -€14,854 | -5.8% |
| Equity | 10/15 | €4,469 | €7,340 | +€2,871 | +64.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,531 | -€72,660 | +€2,871 | +3.8% |
| Amounts payable | 17/49 | €252,959 | €235,234 | -€17,725 | -7.0% |
| Amounts payable after more than one year | 17 | €148,271 | €126,740 | -€21,531 | -14.5% |
| Financial debts | 170/4 | €148,271 | €126,740 | -€21,531 | -14.5% |
| Amounts payable within one year | 42/48 | €103,938 | €107,443 | +€3,505 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €18,026 | €21,531 | +€3,505 | +19.4% |
| Other amounts payable | 47/48 | €85,912 | €85,912 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €750 | €1,051 | +€301 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,700 | €14,700 | = | 0.0% |
| Other operating charges | 640/8 | €4,082 | €4,210 | +€128 | +3.1% |
| Gross operating margin | 9900 | €26,597 | €25,365 | -€1,232 | -4.6% |
| Operating profit (loss) | 9901 | €7,815 | €6,455 | -€1,360 | -17.4% |
| Financial charges | 65/66B | €4,376 | €3,584 | -€792 | -18.1% |
| Recurring financial charges | 65 | €4,376 | €3,584 | -€792 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €3,439 | €2,871 | -€568 | -16.5% |
| Profit (loss) for the period | 9904 | €3,439 | €2,871 | -€568 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,439 | €2,871 | -€568 | -16.5% |
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 5 October 2026 via checked.be.