IMMODEN: 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.
IMMODEN
Largest movements
- Receivables within one year +€12,375
up €12,375 (+14.9%), from €83,050 to €95,425
of which Other amounts receivable: +€12,375
- Tangible fixed assets -€2,912
down €2,912 (-5.0%), from €58,664 to €55,752
- Reserves +€7,895
up €7,895 (+5.7%), from €139,723 to €147,618
of which Distributable reserves: +€7,895
- Debts after one year -€3,429
down €3,429 (-74.5%), from €4,606 to €1,176
- Gross operating margin -€2,414
down €2,414 (-25.2%), from €9,576 to €7,162
- Taxes -€577
down €577 (-21.2%), from €2,725 to €2,148
- Financial income -€477
down €477 (-5.0%), from €9,633 to €9,156
- Other operating charges -€310
down €310 (-10.0%), from €3,113 to €2,803
- Financial charges -€283
down €283 (-33.5%), from €845 to €562
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.
Derived cash bridge
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 | €231,971 | €239,493 | +€7,521 | +3.2% |
| Fixed assets | 21/28 | €66,104 | €63,192 | -€2,912 | -4.4% |
| Tangible fixed assets | 22/27 | €58,664 | €55,752 | -€2,912 | -5.0% |
| Land and buildings | 22 | €58,664 | €55,752 | -€2,912 | -5.0% |
| Financial fixed assets | 28 | €7,440 | €7,440 | = | 0.0% |
| Current assets | 29/58 | €165,868 | €176,300 | +€10,433 | +6.3% |
| Amounts receivable after more than one year | 29 | €72,600 | €71,100 | -€1,500 | -2.1% |
| Other amounts receivable | 291 | €72,600 | €71,100 | -€1,500 | -2.1% |
| Amounts receivable within one year | 40/41 | €83,050 | €95,425 | +€12,375 | +14.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €83,050 | €95,425 | +€12,375 | +14.9% |
| Cash at bank and in hand | 54/58 | €19 | €41 | +€22 | +119% |
| Deferred charges and accrued income | 490/1 | €10,199 | €9,735 | -€464 | -4.6% |
| Total equity and liabilities | 10/49 | €231,971 | €239,493 | +€7,521 | +3.2% |
| Equity | 10/15 | €158,323 | €166,218 | +€7,895 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,723 | €147,618 | +€7,895 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €137,863 | €145,758 | +€7,895 | +5.7% |
| Amounts payable | 17/49 | €73,648 | €73,275 | -€374 | -0.5% |
| Amounts payable after more than one year | 17 | €4,606 | €1,176 | -€3,429 | -74.5% |
| Financial debts | 170/4 | €4,606 | €1,176 | -€3,429 | -74.5% |
| Amounts payable within one year | 42/48 | €69,043 | €72,098 | +€3,055 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €3,284 | €3,429 | +€145 | +4.4% |
| Trade debts | 44 | €8,307 | €8,932 | +€625 | +7.5% |
| Suppliers | 440/4 | €8,307 | €8,932 | +€625 | +7.5% |
| Taxes, remuneration and social security | 45 | €3,945 | €5,524 | +€1,580 | +40.0% |
| Taxes | 450/3 | €3,945 | €5,524 | +€1,580 | +40.0% |
| Other amounts payable | 47/48 | €53,508 | €54,213 | +€705 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,757 | €2,912 | +€155 | +5.6% |
| Other operating charges | 640/8 | €3,113 | €2,803 | -€310 | -10.0% |
| Gross operating margin | 9900 | €9,576 | €7,162 | -€2,414 | -25.2% |
| Operating profit (loss) | 9901 | €3,707 | €1,448 | -€2,258 | -60.9% |
| Financial income | 75/76B | €9,633 | €9,156 | -€477 | -5.0% |
| Recurring financial income | 75 | €9,633 | €9,156 | -€477 | -5.0% |
| Financial charges | 65/66B | €845 | €562 | -€283 | -33.5% |
| Recurring financial charges | 65 | €845 | €562 | -€283 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €12,495 | €10,043 | -€2,452 | -19.6% |
| Income taxes | 67/77 | €2,725 | €2,148 | -€577 | -21.2% |
| Profit (loss) for the period | 9904 | €9,770 | €7,895 | -€1,875 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,770 | €7,895 | -€1,875 | -19.2% |
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 15 October 2026 via checked.be.