IMMODEY: 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.
What changed
IMMODEY
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€99,339
2024 · €59,075-€158,414
Equity
€663,193
2024 · €762,532-€99,339
Cash
€33,272
2024 · €19,147+€14,125
Balance sheet total
€3.4m
2024 · €3.5m-€71,126
Largest movements
Assets
- Tangible fixed assets -€85,859
down €85,859 (-2.6%), from €3.3m to €3.2m
of which Land and buildings: -€92,810
Equity and liabilities
- Other debts +€205,173
up €205,173 (+101.5%), from €202,044 to €407,217
- Trade debts -€117,002
down €117,002 (-98.7%), from €118,571 to €1,568
- Profit (loss) carried forward -€85,188
down €85,188 (-38.4%), from €221,572 to €136,384
- Debts after one year -€69,815
down €69,815 (-3.2%), from €2.2m to €2.1m
Income statement
- Gross operating margin -€120,351
down €120,351 (-42.2%), from €284,933 to €164,582
- Other operating charges +€12,947
up €12,947 (+73.3%), from €17,668 to €30,616
- Financial charges +€11,065
up €11,065 (+13.7%), from €80,843 to €91,908
- Taxes +€8,662
up €8,662 (+2257.1%), from €384 to €9,046
- Depreciation +€7,962
up €7,962 (+6.2%), from €129,108 to €137,069
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.
Result 2024
€59,075
Gross operating margin
-€120,351
Depreciation
-€7,962
Other operating charges
-€12,947
Financial charges
-€11,065
Taxes
-€8,662
Deferred taxes and other
+€2,573
Result 2025
-€99,339
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.
From operations
+€114,831
Investment
-€51,210
Financing
-€49,495
Cash 2024
€19,147
From operations (derived)
+€114,831
Net result for the year
-€99,339
Depreciation
+€137,069
Receivables within one year
-€607
Provisions
-€4,717
Trade debts
-€117,002
Tax, wage and social debts
+€1,654
Other debts
+€205,173
Accrued charges and deferred income
-€7,400
Investment (derived)
-€51,210
Investment in fixed assets (net)
-€51,210
Financing
-€49,495
Debts after one year
-€69,815
Current portion of long-term debt
+€20,320
Cash 2025
€33,272
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,487,055 | €3,415,928 | -€71,126 | -2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,263,251 | €3,177,392 | -€85,859 | -2.6% |
| Tangible fixed assets | 22/27 | €3,263,251 | €3,177,392 | -€85,859 | -2.6% |
| Land and buildings | 22 | €3,129,573 | €3,036,763 | -€92,810 | -3.0% |
| Furniture and vehicles | 24 | €56,757 | €83,508 | +€26,751 | +47.1% |
| Leasing and similar rights | 25 | €76,922 | €57,122 | -€19,800 | -25.7% |
| Current assets | 29/58 | €223,803 | €238,536 | +€14,733 | +6.6% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,656 | €5,264 | +€607 | +13.0% |
| Trade receivables | 40 | €1,278 | €5,264 | +€3,986 | +311.9% |
| Other amounts receivable | 41 | €3,379 | €0 | -€3,379 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,147 | €33,272 | +€14,125 | +73.8% |
| Total equity and liabilities | 10/49 | €3,487,055 | €3,415,928 | -€71,126 | -2.0% |
| Equity | 10/15 | €762,532 | €663,193 | -€99,339 | -13.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €475,961 | €461,810 | -€14,151 | -3.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €337,063 | €322,912 | -€14,151 | -4.2% |
| Distributable reserves | 133 | €132,398 | €132,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,572 | €136,384 | -€85,188 | -38.4% |
| Provisions and deferred taxes | 16 | €112,354 | €107,637 | -€4,717 | -4.2% |
| Deferred taxes | 168 | €112,354 | €107,637 | -€4,717 | -4.2% |
| Amounts payable | 17/49 | €2,612,168 | €2,645,098 | +€32,930 | +1.3% |
| Amounts payable after more than one year | 17 | €2,198,767 | €2,128,952 | -€69,815 | -3.2% |
| Financial debts | 170/4 | €2,198,767 | €2,128,952 | -€69,815 | -3.2% |
| Amounts payable within one year | 42/48 | €406,001 | €516,145 | +€110,144 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €85,386 | €105,706 | +€20,320 | +23.8% |
| Trade debts | 44 | €118,571 | €1,568 | -€117,002 | -98.7% |
| Suppliers | 440/4 | €118,571 | €1,568 | -€117,002 | -98.7% |
| Taxes, remuneration and social security | 45 | - | €1,654 | +€1,654 | |
| Taxes | 450/3 | - | €1,654 | +€1,654 | |
| Other amounts payable | 47/48 | €202,044 | €407,217 | +€205,173 | +101.5% |
| Accrued charges and deferred income | 492/3 | €7,400 | - | -€7,400 | |
| Non-recurring operating income | 76A | €134,450 | €10,000 | -€124,450 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,108 | €137,069 | +€7,962 | +6.2% |
| Other operating charges | 640/8 | €17,668 | €30,616 | +€12,947 | +73.3% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €284,933 | €164,582 | -€120,351 | -42.2% |
| Operating profit (loss) | 9901 | €138,157 | -€3,103 | -€141,260 | |
| Financial charges | 65/66B | €80,843 | €91,908 | +€11,065 | +13.7% |
| Recurring financial charges | 65 | €80,843 | €91,908 | +€11,065 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €57,315 | -€95,011 | -€152,325 | |
| Transfer from deferred taxes | 780 | €2,144 | €4,717 | +€2,573 | +120.0% |
| Income taxes | 67/77 | €384 | €9,046 | +€8,662 | +2257.1% |
| Profit (loss) for the period | 9904 | €59,075 | -€99,339 | -€158,414 | |
| Transfer from tax-exempt reserves | 789 | €6,432 | €14,151 | +€7,719 | +120.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,507 | -€85,188 | -€150,695 |
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 7 October 2026 via checked.be.