IMMODEM: 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.
IMMODEM
Largest movements
- Cash +€119,947
up €119,947 (+15.1%), from €794,642 to €914,590
mainly Net result for the year (+€97,945) and Depreciation (+€13,818)
- Profit (loss) carried forward +€97,945
up €97,945 (+8.9%), from €1.1m to €1.2m
- Gross operating margin +€10,258
up €10,258 (+5.0%), from €206,374 to €216,632
- Depreciation -€8,367
down €8,367 (-37.7%), from €22,185 to €13,818
- Taxes +€5,179
up €5,179 (+18.1%), from €28,634 to €33,813
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 | €1,232,185 | €1,339,354 | +€107,169 | +8.7% |
| Fixed assets | 21/28 | €431,493 | €419,260 | -€12,233 | -2.8% |
| Tangible fixed assets | 22/27 | €431,493 | €419,260 | -€12,233 | -2.8% |
| Land and buildings | 22 | €428,749 | €415,838 | -€12,911 | -3.0% |
| Other tangible fixed assets | 26 | €2,744 | €3,422 | +€679 | +24.7% |
| Current assets | 29/58 | €800,693 | €920,094 | +€119,401 | +14.9% |
| Amounts receivable within one year | 40/41 | €5,337 | €2,637 | -€2,700 | -50.6% |
| Trade receivables | 40 | €5,337 | €2,637 | -€2,700 | -50.6% |
| Cash at bank and in hand | 54/58 | €794,642 | €914,590 | +€119,947 | +15.1% |
| Deferred charges and accrued income | 490/1 | €714 | €2,867 | +€2,154 | +301.9% |
| Total equity and liabilities | 10/49 | €1,232,185 | €1,339,354 | +€107,169 | +8.7% |
| Equity | 10/15 | €1,208,971 | €1,306,916 | +€97,945 | +8.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,098,971 | €1,196,916 | +€97,945 | +8.9% |
| Amounts payable | 17/49 | €23,214 | €32,438 | +€9,224 | +39.7% |
| Amounts payable after more than one year | 17 | €8,400 | €11,400 | +€3,000 | +35.7% |
| Other amounts payable | 178/9 | €8,400 | €11,400 | +€3,000 | +35.7% |
| Amounts payable within one year | 42/48 | €7,683 | €13,603 | +€5,920 | +77.1% |
| Trade debts | 44 | €2,347 | €4,454 | +€2,107 | +89.8% |
| Suppliers | 440/4 | €2,347 | €4,454 | +€2,107 | +89.8% |
| Taxes, remuneration and social security | 45 | €5,336 | €9,149 | +€3,813 | +71.5% |
| Taxes | 450/3 | €5,336 | €9,149 | +€3,813 | +71.5% |
| Accrued charges and deferred income | 492/3 | €7,131 | €7,435 | +€304 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,185 | €13,818 | -€8,367 | -37.7% |
| Other operating charges | 640/8 | €68,073 | €70,203 | +€2,130 | +3.1% |
| Gross operating margin | 9900 | €206,374 | €216,632 | +€10,258 | +5.0% |
| Operating profit (loss) | 9901 | €116,117 | €132,611 | +€16,495 | +14.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €715 | €853 | +€138 | +19.3% |
| Recurring financial charges | 65 | €715 | €853 | +€138 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €115,402 | €131,758 | +€16,356 | +14.2% |
| Income taxes | 67/77 | €28,634 | €33,813 | +€5,179 | +18.1% |
| Profit (loss) for the period | 9904 | €86,767 | €97,945 | +€11,178 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,767 | €97,945 | +€11,178 | +12.9% |
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 29 September 2026 via checked.be.