IMMODEP: 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.
IMMODEP
Largest movements
- Tangible fixed assets -€27,945
down €27,945 (-3.7%), from €757,013 to €729,067
of which Land and buildings: -€26,968
- Debts after one year -€246,000
no longer reported in 2025 (was €246,000)
- Other debts +€231,208
new in 2025: €231,208
- Contributions +€31,013
up €31,013 (+100%), from €30,987 to €62,000
- Revaluation surpluses -€31,013
down €31,013 (-22.4%), from €138,235 to €107,222
- Reserves -€12,301
down €12,301 (-5.3%), from €233,715 to €221,414
- Gross operating margin -€5,878
down €5,878 (-21.9%), from €26,855 to €20,978
- Taxes -€1,856
down €1,856 (-60.3%), from €3,078 to €1,222
- Other operating charges +€691
up €691 (+11.4%), from €6,064 to €6,754
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 | €777,761 | €743,686 | -€34,076 | -4.4% |
| Fixed assets | 21/28 | €757,013 | €729,067 | -€27,945 | -3.7% |
| Tangible fixed assets | 22/27 | €757,013 | €729,067 | -€27,945 | -3.7% |
| Land and buildings | 22 | €755,810 | €728,842 | -€26,968 | -3.6% |
| Plant, machinery and equipment | 23 | €382 | €202 | -€180 | -47.1% |
| Furniture and vehicles | 24 | €820 | €23 | -€797 | -97.2% |
| Current assets | 29/58 | €20,749 | €14,618 | -€6,130 | -29.5% |
| Amounts receivable within one year | 40/41 | €67 | €94 | +€27 | +41.0% |
| Trade receivables | 40 | - | €94 | +€94 | |
| Other amounts receivable | 41 | €67 | - | -€67 | |
| Cash at bank and in hand | 54/58 | €20,682 | €14,524 | -€6,158 | -29.8% |
| Total equity and liabilities | 10/49 | €777,761 | €743,686 | -€34,076 | -4.4% |
| Equity | 10/15 | €404,358 | €395,413 | -€8,945 | -2.2% |
| Contributions | 10/11 | €30,987 | €62,000 | +€31,013 | +100% |
| Capital | 10 | €30,987 | €62,000 | +€31,013 | +100% |
| Issued capital | 100 | €30,987 | €62,000 | +€31,013 | +100% |
| Revaluation surpluses | 12 | €138,235 | €107,222 | -€31,013 | -22.4% |
| Reserves | 13 | €233,715 | €221,414 | -€12,301 | -5.3% |
| Tax-exempt reserves | 132 | €233,715 | €221,414 | -€12,301 | -5.3% |
| Profit (loss) carried forward | 14 | €1,421 | €4,777 | +€3,356 | +236% |
| Provisions and deferred taxes | 16 | €120,345 | €114,011 | -€6,334 | -5.3% |
| Deferred taxes | 168 | €120,345 | €114,011 | -€6,334 | -5.3% |
| Amounts payable | 17/49 | €253,059 | €234,262 | -€18,797 | -7.4% |
| Amounts payable after more than one year | 17 | €246,000 | - | -€246,000 | |
| Financial debts | 170/4 | €246,000 | - | -€246,000 | |
| Amounts payable within one year | 42/48 | €7,059 | €234,244 | +€227,186 | +3,219% |
| Trade debts | 44 | €3,981 | €1,815 | -€2,166 | -54.4% |
| Suppliers | 440/4 | €3,981 | €1,815 | -€2,166 | -54.4% |
| Taxes, remuneration and social security | 45 | €3,078 | €1,222 | -€1,856 | -60.3% |
| Taxes | 450/3 | €3,078 | €1,222 | -€1,856 | -60.3% |
| Other amounts payable | 47/48 | - | €231,208 | +€231,208 | |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,945 | €27,945 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,064 | €6,754 | +€691 | +11.4% |
| Gross operating margin | 9900 | €26,855 | €20,978 | -€5,878 | -21.9% |
| Operating profit (loss) | 9901 | -€7,154 | -€13,722 | -€6,568 | -91.8% |
| Financial charges | 65/66B | €186 | €335 | +€149 | +80.4% |
| Recurring financial charges | 65 | €186 | €335 | +€149 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,339 | -€14,057 | -€6,718 | -91.5% |
| Transfer from deferred taxes | 780 | €6,334 | €6,334 | = | 0.0% |
| Income taxes | 67/77 | €3,078 | €1,222 | -€1,856 | -60.3% |
| Profit (loss) for the period | 9904 | -€4,083 | -€8,945 | -€4,861 | -119% |
| Transfer from tax-exempt reserves | 789 | €12,301 | €12,301 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,217 | €3,356 | -€4,861 | -59.2% |
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 13 October 2026 via checked.be.