IMMODENT: 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.
IMMODENT
Largest movements
- Cash +€606,473
up €606,473 (+773.4%), from €78,413 to €684,886
mainly Depreciation (+€497,780) and Receivables within one year (+€362,082)
- Receivables within one year -€362,082
down €362,082 (-61.1%), from €592,264 to €230,182
of which Trade receivables: -€365,220
- Tangible fixed assets -€108,815
down €108,815 (-2.6%), from €4.2m to €4.1m
of which Land and buildings: -€105,207
- Debts after one year +€236,473
up €236,473 (+4.6%), from €5.1m to €5.3m
- Trade debts -€202,172
down €202,172 (-86.7%), from €233,319 to €31,147
- Other debts +€112,909
up €112,909 (+71.3%), from €158,255 to €271,163
- Gross operating margin +€207,030
up €207,030 (+36.5%), from €567,874 to €774,904
- Depreciation +€24,963
up €24,963 (+5.3%), from €472,816 to €497,780
- Write-downs +€11,783
new in 2025: €11,783
- Financial charges +€10,099
up €10,099 (+7.9%), from €127,616 to €137,714
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 | €4,856,582 | €4,993,538 | +€136,956 | +2.8% |
| Fixed assets | 21/28 | €4,178,179 | €4,069,364 | -€108,815 | -2.6% |
| Tangible fixed assets | 22/27 | €4,178,117 | €4,069,302 | -€108,815 | -2.6% |
| Land and buildings | 22 | €4,140,934 | €4,035,727 | -€105,207 | -2.5% |
| Plant, machinery and equipment | 23 | €10,882 | €7,274 | -€3,608 | -33.2% |
| Other tangible fixed assets | 26 | €26,302 | €26,302 | = | 0.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €678,403 | €924,174 | +€245,772 | +36.2% |
| Amounts receivable within one year | 40/41 | €592,264 | €230,182 | -€362,082 | -61.1% |
| Trade receivables | 40 | €592,264 | €227,044 | -€365,220 | -61.7% |
| Other amounts receivable | 41 | - | €3,138 | +€3,138 | |
| Cash at bank and in hand | 54/58 | €78,413 | €684,886 | +€606,473 | +773.4% |
| Deferred charges and accrued income | 490/1 | €7,726 | €9,106 | +€1,381 | +17.9% |
| Total equity and liabilities | 10/49 | €4,856,582 | €4,993,538 | +€136,956 | +2.8% |
| Equity | 10/15 | -€692,964 | -€661,484 | +€31,480 | +4.5% |
| Contributions | 10/11 | €2,062,000 | €2,062,000 | = | 0.0% |
| Reserves | 13 | €79,326 | €79,326 | = | 0.0% |
| Distributable reserves | 133 | €79,326 | €79,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,834,290 | -€2,802,810 | +€31,480 | +1.1% |
| Amounts payable | 17/49 | €5,549,546 | €5,655,022 | +€105,476 | +1.9% |
| Amounts payable after more than one year | 17 | €5,099,375 | €5,335,848 | +€236,473 | +4.6% |
| Other amounts payable | 178/9 | €5,099,375 | €5,335,848 | +€236,473 | +4.6% |
| Amounts payable within one year | 42/48 | €433,931 | €302,311 | -€131,620 | -30.3% |
| Trade debts | 44 | €233,319 | €31,147 | -€202,172 | -86.7% |
| Suppliers | 440/4 | €233,319 | €31,147 | -€202,172 | -86.7% |
| Taxes, remuneration and social security | 45 | €42,357 | €0 | -€42,357 | -100.0% |
| Taxes | 450/3 | €42,357 | €0 | -€42,357 | -100.0% |
| Other amounts payable | 47/48 | €158,255 | €271,163 | +€112,909 | +71.3% |
| Accrued charges and deferred income | 492/3 | €16,241 | €16,864 | +€623 | +3.8% |
| Non-recurring operating income | 76A | €31,877 | €0 | -€31,877 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472,816 | €497,780 | +€24,963 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,783 | +€11,783 | |
| Other operating charges | 640/8 | €88,678 | €96,147 | +€7,469 | +8.4% |
| Gross operating margin | 9900 | €567,874 | €774,904 | +€207,030 | +36.5% |
| Operating profit (loss) | 9901 | €6,380 | €169,195 | +€162,815 | +2552.0% |
| Financial income | 75/76B | €3 | €0 | -€2 | -88.2% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -88.2% |
| Financial charges | 65/66B | €127,616 | €137,714 | +€10,099 | +7.9% |
| Recurring financial charges | 65 | €127,616 | €137,714 | +€10,099 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€121,233 | €31,480 | +€152,714 | |
| Profit (loss) for the period | 9904 | -€121,233 | €31,480 | +€152,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,233 | €31,480 | +€152,714 |
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 11 October 2026 via checked.be.