IMMODERM: 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.
IMMODERM
Largest movements
- Tangible fixed assets -€24,983
down €24,983 (-3.6%), from €685,388 to €660,405
of which Land and buildings: -€34,610
- Debts after one year -€48,894
down €48,894 (-7.1%), from €693,071 to €644,176
of which Financial debts: -€48,894
- Profit (loss) carried forward +€18,600
up €18,600 (+26.6%), from -€69,876 to -€51,276
- Gross operating margin +€5,320
up €5,320 (+4.6%), from €115,932 to €121,251
- Staff costs +€2,092
up €2,092 (+4.7%), from €44,243 to €46,335
- Other operating charges +€1,262
up €1,262 (+21.1%), from €5,987 to €7,249
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 | €725,801 | €698,047 | -€27,753 | -3.8% |
| Fixed assets | 21/28 | €696,139 | €669,029 | -€27,110 | -3.9% |
| Intangible fixed assets | 21 | €2,183 | €56 | -€2,127 | -97.4% |
| Tangible fixed assets | 22/27 | €685,388 | €660,405 | -€24,983 | -3.6% |
| Land and buildings | 22 | €671,295 | €636,685 | -€34,610 | -5.2% |
| Furniture and vehicles | 24 | €1,655 | €111 | -€1,544 | -93.3% |
| Other tangible fixed assets | 26 | €12,438 | €23,609 | +€11,170 | +89.8% |
| Financial fixed assets | 28 | €8,568 | €8,568 | = | 0.0% |
| Current assets | 29/58 | €29,662 | €29,019 | -€643 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,709 | €7,028 | +€3,319 | +89.5% |
| Trade receivables | 40 | €3,446 | €7,028 | +€3,581 | +103.9% |
| Other amounts receivable | 41 | €263 | - | -€263 | |
| Cash at bank and in hand | 54/58 | €22,267 | €21,775 | -€492 | -2.2% |
| Deferred charges and accrued income | 490/1 | €3,686 | €216 | -€3,470 | -94.2% |
| Total equity and liabilities | 10/49 | €725,801 | €698,047 | -€27,753 | -3.8% |
| Equity | 10/15 | -€51,276 | -€32,676 | +€18,600 | +36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,876 | -€51,276 | +€18,600 | +26.6% |
| Amounts payable | 17/49 | €777,077 | €730,723 | -€46,354 | -6.0% |
| Amounts payable after more than one year | 17 | €693,071 | €644,176 | -€48,894 | -7.1% |
| Financial debts | 170/4 | €501,697 | €452,803 | -€48,894 | -9.7% |
| Other amounts payable | 178/9 | €191,373 | €191,373 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,006 | €86,547 | +€2,541 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €48,215 | €48,909 | +€694 | +1.4% |
| Trade debts | 44 | €1,255 | €1,389 | +€135 | +10.7% |
| Suppliers | 440/4 | €1,255 | €1,389 | +€135 | +10.7% |
| Taxes, remuneration and social security | 45 | €9,155 | €11,492 | +€2,337 | +25.5% |
| Remuneration and social security | 454/9 | €9,155 | €11,492 | +€2,337 | +25.5% |
| Other amounts payable | 47/48 | €25,381 | €24,756 | -€625 | -2.5% |
| Remuneration, social security and pensions | 62 | €44,243 | €46,335 | +€2,092 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,394 | €41,210 | -€184 | -0.4% |
| Other operating charges | 640/8 | €5,987 | €7,249 | +€1,262 | +21.1% |
| Gross operating margin | 9900 | €115,932 | €121,251 | +€5,320 | +4.6% |
| Operating profit (loss) | 9901 | €24,307 | €26,457 | +€2,150 | +8.8% |
| Financial charges | 65/66B | €8,490 | €7,856 | -€634 | -7.5% |
| Recurring financial charges | 65 | €8,490 | €7,856 | -€634 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €15,817 | €18,600 | +€2,783 | +17.6% |
| Profit (loss) for the period | 9904 | €15,817 | €18,600 | +€2,783 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,817 | €18,600 | +€2,783 | +17.6% |
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 3 October 2026 via checked.be.