IMMODESS: 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.
IMMODESS
Largest movements
- Current investments +€230,700
up €230,700 (+1178847.4%), from €20 to €230,720
- Financial fixed assets -€225,372
down €225,372 (-9.2%), from €2.5m to €2.2m
- Receivables within one year -€34,854
down €34,854 (-22.4%), from €155,690 to €120,836
- Reserves +€94,027
up €94,027 (+12.1%), from €779,892 to €873,919
of which Distributable reserves: +€94,027
- Other debts -€54,065
down €54,065 (-2.9%), from €1.8m to €1.8m
- Debts after one year -€33,534
no longer reported in 2025 (was €33,534)
- Accrued charges and deferred income -€32,384
down €32,384 (-70.6%), from €45,884 to €13,500
- Gross operating margin -€79,965
down €79,965 (-32.9%), from €242,764 to €162,799
- Taxes -€15,062
down €15,062 (-26.1%), from €57,741 to €42,679
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 | €3,177,514 | €3,145,837 | -€31,677 | -1.0% |
| Fixed assets | 21/28 | €2,964,481 | €2,728,332 | -€236,150 | -8.0% |
| Tangible fixed assets | 22/27 | €513,738 | €502,960 | -€10,778 | -2.1% |
| Land and buildings | 22 | €513,738 | €502,960 | -€10,778 | -2.1% |
| Financial fixed assets | 28 | €2,450,744 | €2,225,372 | -€225,372 | -9.2% |
| Current assets | 29/58 | €213,033 | €417,506 | +€204,473 | +96.0% |
| Amounts receivable within one year | 40/41 | €155,690 | €120,836 | -€34,854 | -22.4% |
| Other amounts receivable | 41 | €155,690 | €120,836 | -€34,854 | -22.4% |
| Current investments | 50/53 | €20 | €230,720 | +€230,700 | +1178847.4% |
| Cash at bank and in hand | 54/58 | €42,324 | €65,950 | +€23,626 | +55.8% |
| Deferred charges and accrued income | 490/1 | €15,000 | - | -€15,000 | |
| Total equity and liabilities | 10/49 | €3,177,514 | €3,145,837 | -€31,677 | -1.0% |
| Equity | 10/15 | €1,117,892 | €1,211,919 | +€94,027 | +8.4% |
| Contributions | 10/11 | €338,000 | €338,000 | = | 0.0% |
| Capital | 10 | €338,000 | €338,000 | = | 0.0% |
| Issued capital | 100 | €338,000 | €338,000 | = | 0.0% |
| Reserves | 13 | €779,892 | €873,919 | +€94,027 | +12.1% |
| Non-distributable reserves | 130/1 | €55,707 | €55,707 | = | 0.0% |
| Legal reserve | 130 | €55,707 | €55,707 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,591 | €173,591 | = | 0.0% |
| Distributable reserves | 133 | €550,594 | €644,621 | +€94,027 | +17.1% |
| Provisions and deferred taxes | 16 | €57,658 | €57,658 | = | 0.0% |
| Deferred taxes | 168 | €57,658 | €57,658 | = | 0.0% |
| Amounts payable | 17/49 | €2,001,965 | €1,876,261 | -€125,704 | -6.3% |
| Amounts payable after more than one year | 17 | €33,534 | - | -€33,534 | |
| Financial debts | 170/4 | €33,534 | - | -€33,534 | |
| Amounts payable within one year | 42/48 | €1,922,546 | €1,862,761 | -€59,786 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €44,180 | €33,534 | -€10,646 | -24.1% |
| Trade debts | 44 | €288 | €24,194 | +€23,906 | +8297.0% |
| Suppliers | 440/4 | €288 | €24,194 | +€23,906 | +8297.0% |
| Advances received on contracts in progress | 46 | €2,812 | €2,812 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,560 | €8,579 | -€18,981 | -68.9% |
| Taxes | 450/3 | €27,560 | €8,579 | -€18,981 | -68.9% |
| Other amounts payable | 47/48 | €1,847,706 | €1,793,640 | -€54,065 | -2.9% |
| Accrued charges and deferred income | 492/3 | €45,884 | €13,500 | -€32,384 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,396 | €10,778 | -€619 | -5.4% |
| Other operating charges | 640/8 | €13,776 | €14,261 | +€484 | +3.5% |
| Gross operating margin | 9900 | €242,764 | €162,799 | -€79,965 | -32.9% |
| Operating profit (loss) | 9901 | €217,591 | €137,760 | -€79,831 | -36.7% |
| Financial charges | 65/66B | €2,027 | €1,054 | -€972 | -48.0% |
| Recurring financial charges | 65 | €2,027 | €1,054 | -€972 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €215,564 | €136,706 | -€78,858 | -36.6% |
| Income taxes | 67/77 | €57,741 | €42,679 | -€15,062 | -26.1% |
| Profit (loss) for the period | 9904 | €157,823 | €94,027 | -€63,796 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €157,823 | €94,027 | -€63,796 | -40.4% |
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 12 October 2026 via checked.be.