IMMODER INVEST: 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.
IMMODER INVEST
Largest movements
- Current investments -€33,676
down €33,676 (-3.0%), from €1.1m to €1.1m
- Tangible fixed assets -€20,499
down €20,499 (-13.7%), from €150,022 to €129,523
of which Land and buildings: -€16,460
- Cash -€18,912
down €18,912 (-93.5%), from €20,238 to €1,325
mainly Contributions, distributions and other (-€616,000) and Receivables within one year (-€6,300)
- Reserves -€601,000
down €601,000 (-83.6%), from €718,913 to €117,913
of which Distributable reserves: -€601,000
- Other debts +€534,441
up €534,441 (+271%), from €197,292 to €731,733
- Financial charges -€16,618
down €16,618 (-68.0%), from €24,426 to €7,808
- Gross operating margin +€11,790
up €11,790 (+97.3%), from €12,121 to €23,911
- Taxes +€5,639
up €5,639 (+1,566,328%), from €0 to €5,639
- Depreciation -€2,709
down €2,709 (-10.8%), from €25,187 to €22,478
- Financial income -€1,957
down €1,957 (-5.4%), from €36,148 to €34,192
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 | €1,311,195 | €1,238,133 | -€73,062 | -5.6% |
| Fixed assets | 21/28 | €152,613 | €130,136 | -€22,478 | -14.7% |
| Intangible fixed assets | 21 | €2,592 | €613 | -€1,979 | -76.4% |
| Tangible fixed assets | 22/27 | €150,022 | €129,523 | -€20,499 | -13.7% |
| Land and buildings | 22 | €139,501 | €123,041 | -€16,460 | -11.8% |
| Plant, machinery and equipment | 23 | €10,521 | €6,482 | -€4,039 | -38.4% |
| Current assets | 29/58 | €1,158,581 | €1,107,997 | -€50,584 | -4.4% |
| Amounts receivable within one year | 40/41 | €9,968 | €16,268 | +€6,300 | +63.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,968 | €16,268 | +€6,300 | +63.2% |
| Current investments | 50/53 | €1,105,000 | €1,071,324 | -€33,676 | -3.0% |
| Cash at bank and in hand | 54/58 | €20,238 | €1,325 | -€18,912 | -93.5% |
| Deferred charges and accrued income | 490/1 | €23,376 | €19,080 | -€4,295 | -18.4% |
| Total equity and liabilities | 10/49 | €1,311,195 | €1,238,133 | -€73,062 | -5.6% |
| Equity | 10/15 | €1,103,479 | €502,936 | -€600,543 | -54.4% |
| Contributions | 10/11 | €384,235 | €384,235 | = | 0.0% |
| Capital | 10 | €384,235 | €384,235 | = | 0.0% |
| Issued capital | 100 | €384,235 | €384,235 | = | 0.0% |
| Reserves | 13 | €718,913 | €117,913 | -€601,000 | -83.6% |
| Non-distributable reserves | 130/1 | €22,913 | €22,913 | = | 0.0% |
| Legal reserve | 130 | €22,913 | €22,913 | = | 0.0% |
| Distributable reserves | 133 | €696,000 | €95,000 | -€601,000 | -86.4% |
| Profit (loss) carried forward | 14 | €331 | €788 | +€457 | +138% |
| Amounts payable | 17/49 | €207,716 | €735,197 | +€527,481 | +254% |
| Amounts payable within one year | 42/48 | €207,716 | €735,197 | +€527,481 | +254% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,158 | €1,167 | -€1,991 | -63.1% |
| Suppliers | 440/4 | €3,158 | €1,167 | -€1,991 | -63.1% |
| Taxes, remuneration and social security | 45 | €7,266 | €2,298 | -€4,969 | -68.4% |
| Taxes | 450/3 | €7,266 | €2,298 | -€4,969 | -68.4% |
| Other amounts payable | 47/48 | €197,292 | €731,733 | +€534,441 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,187 | €22,478 | -€2,709 | -10.8% |
| Other operating charges | 640/8 | €6,359 | €6,721 | +€363 | +5.7% |
| Gross operating margin | 9900 | €12,121 | €23,911 | +€11,790 | +97.3% |
| Operating profit (loss) | 9901 | -€19,425 | -€5,288 | +€14,136 | +72.8% |
| Financial income | 75/76B | €36,148 | €34,192 | -€1,957 | -5.4% |
| Recurring financial income | 75 | €36,148 | €34,192 | -€1,957 | -5.4% |
| Financial charges | 65/66B | €24,426 | €7,808 | -€16,618 | -68.0% |
| Recurring financial charges | 65 | €24,426 | €7,808 | -€16,618 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,702 | €21,096 | +€28,798 | |
| Income taxes | 67/77 | €0 | €5,639 | +€5,639 | +1,566,328% |
| Profit (loss) for the period | 9904 | -€7,702 | €15,457 | +€23,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,702 | €15,457 | +€23,159 |
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 25 October 2026 via checked.be.