IMMODEV: what changed
What changed
IMMODEV
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€2,371
2024 · €1.1m-€1.1m
Equity
€2.4m
2024 · €2.4m-€2,371
Cash
€6,043
2024 · €228,205-€222,161
Balance sheet total
€2.4m
2024 · €2.6m-€189,146
Largest movements
Assets
- Current investments +€228,994
new in 2025: €228,994
- Cash -€222,161
down €222,161 (-97.4%), from €228,205 to €6,043
mainly Current investments (-€228,994) and Tax, wage and social debts (-€197,681)
- Receivables after one year -€200,000
down €200,000 (-14.6%), from €1.4m to €1.2m
Equity and liabilities
- Tax, wage and social debts -€197,681
down €197,681 (-92.6%), from €213,489 to €15,808
Income statement
- Financial income -€1.1m
down €1.1m (-95.6%), from €1.2m to €50,814
of which Non-recurring financial income: -€1.1m
- Gross operating margin -€39,305
down €39,305 (-382%), from -€10,283 to -€49,589
- Taxes -€31,808
down €31,808 (-100%), from €31,808 to €0
- Financial charges +€1,224
up €1,224 (+471%), from €260 to €1,483
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.1m
Gross operating margin
-€39,305
Depreciation
+€424
Other operating charges
-€31
Financial income
-€1.1m
Financial charges
-€1,224
Taxes
+€31,808
Result 2025
-€2,371
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,833
Investment
-€228,994
Financing
€0
Cash 2024
€228,205
From operations (derived)
+€6,833
Net result for the year
-€2,371
Depreciation
+€1,115
Receivables after one year
+€200,000
Receivables within one year
-€21,987
Deferred charges and accrued income
+€16,851
Trade debts
+€10,906
Tax, wage and social debts
-€197,681
Investment (derived)
-€228,994
Current investments
-€228,994
Cash 2025
€6,043
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,589,095 | €2,399,949 | -€189,146 | -7.3% |
| Fixed assets | 21/28 | €18,890 | €17,775 | -€1,115 | -5.9% |
| Tangible fixed assets | 22/27 | €3,903 | €2,788 | -€1,115 | -28.6% |
| Other tangible fixed assets | 26 | €3,903 | €2,788 | -€1,115 | -28.6% |
| Financial fixed assets | 28 | €14,987 | €14,987 | = | 0.0% |
| Current assets | 29/58 | €2,570,205 | €2,382,174 | -€188,031 | -7.3% |
| Amounts receivable after more than one year | 29 | €1,374,143 | €1,174,143 | -€200,000 | -14.6% |
| Other amounts receivable | 291 | €1,374,143 | €1,174,143 | -€200,000 | -14.6% |
| Amounts receivable within one year | 40/41 | €945,340 | €967,327 | +€21,987 | +2.3% |
| Trade receivables | 40 | €40,500 | €11,555 | -€28,945 | -71.5% |
| Other amounts receivable | 41 | €904,840 | €955,772 | +€50,932 | +5.6% |
| Current investments | 50/53 | - | €228,994 | +€228,994 | |
| Cash at bank and in hand | 54/58 | €228,205 | €6,043 | -€222,161 | -97.4% |
| Deferred charges and accrued income | 490/1 | €22,517 | €5,667 | -€16,851 | -74.8% |
| Total equity and liabilities | 10/49 | €2,589,095 | €2,399,949 | -€189,146 | -7.3% |
| Equity | 10/15 | €2,375,606 | €2,373,235 | -€2,371 | -0.1% |
| Contributions | 10/11 | €192,000 | €192,000 | = | 0.0% |
| Reserves | 13 | €2,183,606 | €2,181,235 | -€2,371 | -0.1% |
| Non-distributable reserves | 130/1 | €1,622 | €1,622 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,622 | €1,622 | = | 0.0% |
| Distributable reserves | 133 | €2,181,984 | €2,179,613 | -€2,371 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,489 | €26,714 | -€186,775 | -87.5% |
| Amounts payable within one year | 42/48 | €213,489 | €26,714 | -€186,775 | -87.5% |
| Trade debts | 44 | - | €10,906 | +€10,906 | |
| Suppliers | 440/4 | - | €10,906 | +€10,906 | |
| Taxes, remuneration and social security | 45 | €213,489 | €15,808 | -€197,681 | -92.6% |
| Taxes | 450/3 | €213,489 | €15,808 | -€197,681 | -92.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,539 | €1,115 | -€424 | -27.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€10,283 | -€49,589 | -€39,305 | -382% |
| Operating profit (loss) | 9901 | -€12,790 | -€51,702 | -€38,912 | -304% |
| Financial income | 75/76B | €1,157,952 | €50,814 | -€1.1m | -95.6% |
| Recurring financial income | 75 | €60,281 | €50,814 | -€9,467 | -15.7% |
| Non-recurring financial income | 76B | €1,097,670 | €0 | -€1.1m | -100% |
| Financial charges | 65/66B | €260 | €1,483 | +€1,224 | +471% |
| Recurring financial charges | 65 | €260 | €1,483 | +€1,224 | +471% |
| Profit (loss) for the period before taxes | 9903 | €1,144,902 | -€2,371 | -€1.1m | |
| Income taxes | 67/77 | €31,808 | €0 | -€31,808 | -100% |
| Profit (loss) for the period | 9904 | €1,113,094 | -€2,371 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,113,094 | -€2,371 | -€1.1m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.