IMMODES: 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.
IMMODES
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+20.5%), from €4.9m to €5.9m
of which Land and buildings: +€1.0m
- Receivables within one year +€76,394
up €76,394 (+831.1%), from €9,192 to €85,586
of which Trade receivables: +€69,726
- Debts after one year +€601,729
up €601,729 (+32.0%), from €1.9m to €2.5m
of which Financial debts: +€601,729
- Other debts +€264,058
up €264,058 (+23.9%), from €1.1m to €1.4m
- Reserves +€163,526
up €163,526 (+14.7%), from €1.1m to €1.3m
of which Tax-exempt reserves: +€88,410
- Turnover -€50,385
down €50,385 (-13.6%), from €370,391 to €320,006
- Other operating income +€38,741
up €38,741 (+12.5%), from €311,115 to €349,856
- Taxes -€24,031
down €24,031 (-28.9%), from €83,098 to €59,067
- Depreciation +€20,750
up €20,750 (+8.7%), from €239,412 to €260,162
- Financial charges +€4,244
up €4,244 (+7.3%), from €57,792 to €62,036
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 | €4,957,764 | €6,074,145 | +€1.1m | +22.5% |
| Fixed assets | 21/28 | €4,931,512 | €5,942,986 | +€1.0m | +20.5% |
| Tangible fixed assets | 22/27 | €4,931,512 | €5,942,986 | +€1.0m | +20.5% |
| Land and buildings | 22 | €4,885,919 | €5,908,200 | +€1.0m | +20.9% |
| Furniture and vehicles | 24 | €6,175 | €5,175 | -€1,000 | -16.2% |
| Leasing and similar rights | 25 | €39,418 | €29,610 | -€9,808 | -24.9% |
| Current assets | 29/58 | €26,252 | €131,159 | +€104,907 | +399.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,192 | €85,586 | +€76,394 | +831.1% |
| Trade receivables | 40 | €8,918 | €78,644 | +€69,726 | +781.8% |
| Other amounts receivable | 41 | €274 | €6,942 | +€6,668 | +2432.6% |
| Cash at bank and in hand | 54/58 | €3,999 | €3,170 | -€830 | -20.7% |
| Deferred charges and accrued income | 490/1 | €13,060 | €42,403 | +€29,342 | +224.7% |
| Total equity and liabilities | 10/49 | €4,957,764 | €6,074,145 | +€1.1m | +22.5% |
| Equity | 10/15 | €1,684,054 | €1,847,580 | +€163,526 | +9.7% |
| Contributions | 10/11 | €504,088 | €504,088 | = | 0.0% |
| Revaluation surpluses | 12 | €65,246 | €65,246 | = | 0.0% |
| Reserves | 13 | €1,114,720 | €1,278,246 | +€163,526 | +14.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €105,775 | €194,185 | +€88,410 | +83.6% |
| Distributable reserves | 133 | €1,008,945 | €1,084,061 | +€75,116 | +7.4% |
| Amounts payable | 17/49 | €3,273,710 | €4,226,565 | +€952,854 | +29.1% |
| Amounts payable after more than one year | 17 | €1,879,365 | €2,481,094 | +€601,729 | +32.0% |
| Financial debts | 170/4 | €1,878,690 | €2,480,419 | +€601,729 | +32.0% |
| Leasing and similar obligations | 172 | €29,984 | €22,527 | -€7,457 | -24.9% |
| Credit institutions | 173 | €1,848,706 | €2,457,892 | +€609,186 | +33.0% |
| Other amounts payable | 178/9 | €675 | €675 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,394,346 | €1,745,471 | +€351,126 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €238,989 | €287,595 | +€48,606 | +20.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,030 | €69,561 | +€58,531 | +530.7% |
| Suppliers | 440/4 | €11,030 | €69,561 | +€58,531 | +530.7% |
| Taxes, remuneration and social security | 45 | €38,826 | €18,756 | -€20,070 | -51.7% |
| Taxes | 450/3 | €38,826 | €18,756 | -€20,070 | -51.7% |
| Other amounts payable | 47/48 | €1,105,501 | €1,369,559 | +€264,058 | +23.9% |
| Operating income | 70/76A | €681,506 | €669,862 | -€11,644 | -1.7% |
| Turnover | 70 | €370,391 | €320,006 | -€50,385 | -13.6% |
| Other operating income | 74 | €311,115 | €349,856 | +€38,741 | +12.5% |
| Operating charges | 60/66A | €356,789 | €385,234 | +€28,444 | +8.0% |
| Services and other goods | 61 | €90,931 | €94,787 | +€3,856 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,412 | €260,162 | +€20,750 | +8.7% |
| Other operating charges | 640/8 | €26,446 | €30,285 | +€3,839 | +14.5% |
| Operating profit (loss) | 9901 | €324,717 | €284,629 | -€40,088 | -12.3% |
| Financial income | 75/76B | €357 | €1 | -€356 | -99.7% |
| Recurring financial income | 75 | €357 | €1 | -€356 | -99.7% |
| Other financial income | 752/9 | €357 | €1 | -€356 | -99.7% |
| Financial charges | 65/66B | €57,792 | €62,036 | +€4,244 | +7.3% |
| Recurring financial charges | 65 | €57,792 | €62,036 | +€4,244 | +7.3% |
| Debt charges | 650 | €57,762 | €59,466 | +€1,704 | +2.9% |
| Other financial charges | 652/9 | €30 | €2,570 | +€2,540 | +8467.8% |
| Profit (loss) for the period before taxes | 9903 | €267,281 | €222,594 | -€44,688 | -16.7% |
| Income taxes | 67/77 | €83,098 | €59,067 | -€24,031 | -28.9% |
| Taxes | 670/3 | €83,098 | €59,067 | -€24,031 | -28.9% |
| Profit (loss) for the period | 9904 | €184,183 | €163,526 | -€20,657 | -11.2% |
| Transfer to tax-exempt reserves | 689 | - | €88,410 | +€88,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €184,183 | €75,116 | -€109,067 | -59.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.