IMMODOC: 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.
IMMODOC
Largest movements
- Current investments -€131,427
down €131,427 (-17.5%), from €750,000 to €618,573
- Tangible fixed assets -€105,309
down €105,309 (-6.5%), from €1.6m to €1.5m
of which Land and buildings: -€110,581
- Deferred charges and accrued income +€39,525
up €39,525 (+872%), from €4,532 to €44,057
- Cash +€39,262
up €39,262 (+29.2%), from €134,429 to €173,691
mainly Net result for the year (+€274,123) and Current investments (+€131,427)
- Receivables within one year -€35,141
down €35,141 (-4.6%), from €769,805 to €734,665
of which Other amounts receivable: -€23,185
- Debts after one year -€220,041
down €220,041 (-17.7%), from €1.2m to €1.0m
- Gross operating margin -€281,492
down €281,492 (-34.5%), from €817,032 to €535,540
- Taxes -€161,720
down €161,720 (-55.7%), from €290,559 to €128,839
- Financial charges -€20,986
down €20,986 (-39.2%), from €53,483 to €32,498
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.
Derived cash bridge
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 | €3,283,242 | €3,090,151 | -€193,091 | -5.9% |
| Fixed assets | 21/28 | €1,624,476 | €1,519,166 | -€105,309 | -6.5% |
| Tangible fixed assets | 22/27 | €1,624,476 | €1,519,166 | -€105,309 | -6.5% |
| Land and buildings | 22 | €1,604,129 | €1,493,549 | -€110,581 | -6.9% |
| Plant, machinery and equipment | 23 | €20,346 | €22,374 | +€2,027 | +10.0% |
| Furniture and vehicles | 24 | €0 | €3,244 | +€3,244 | |
| Current assets | 29/58 | €1,658,767 | €1,570,985 | -€87,782 | -5.3% |
| Amounts receivable within one year | 40/41 | €769,805 | €734,665 | -€35,141 | -4.6% |
| Trade receivables | 40 | €50,122 | €38,167 | -€11,955 | -23.9% |
| Other amounts receivable | 41 | €719,684 | €696,498 | -€23,185 | -3.2% |
| Current investments | 50/53 | €750,000 | €618,573 | -€131,427 | -17.5% |
| Cash at bank and in hand | 54/58 | €134,429 | €173,691 | +€39,262 | +29.2% |
| Deferred charges and accrued income | 490/1 | €4,532 | €44,057 | +€39,525 | +872% |
| Total equity and liabilities | 10/49 | €3,283,242 | €3,090,151 | -€193,091 | -5.9% |
| Equity | 10/15 | €1,757,422 | €1,770,369 | +€12,947 | +0.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,682,422 | €1,695,369 | +€12,947 | +0.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,674,922 | €1,687,869 | +€12,947 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,525,820 | €1,319,782 | -€206,038 | -13.5% |
| Amounts payable after more than one year | 17 | €1,239,902 | €1,019,861 | -€220,041 | -17.7% |
| Financial debts | 170/4 | €1,239,902 | €1,019,861 | -€220,041 | -17.7% |
| Amounts payable within one year | 42/48 | €281,310 | €296,061 | +€14,751 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €162,570 | €156,708 | -€5,862 | -3.6% |
| Trade debts | 44 | €11,874 | €5,173 | -€6,701 | -56.4% |
| Suppliers | 440/4 | €11,874 | €5,173 | -€6,701 | -56.4% |
| Taxes, remuneration and social security | 45 | €106,866 | €134,181 | +€27,315 | +25.6% |
| Taxes | 450/3 | €106,866 | €134,181 | +€27,315 | +25.6% |
| Accrued charges and deferred income | 492/3 | €4,608 | €3,860 | -€748 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,541 | €129,593 | +€1,052 | +0.8% |
| Other operating charges | 640/8 | €17,178 | €16,350 | -€828 | -4.8% |
| Non-recurring operating charges | 66A | - | €1,664 | +€1,664 | |
| Gross operating margin | 9900 | €817,032 | €535,540 | -€281,492 | -34.5% |
| Operating profit (loss) | 9901 | €671,313 | €387,933 | -€283,379 | -42.2% |
| Financial income | 75/76B | €55,356 | €47,526 | -€7,829 | -14.1% |
| Recurring financial income | 75 | €55,356 | €47,526 | -€7,829 | -14.1% |
| Financial charges | 65/66B | €53,483 | €32,498 | -€20,986 | -39.2% |
| Recurring financial charges | 65 | €53,483 | €32,498 | -€20,986 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €673,185 | €402,962 | -€270,223 | -40.1% |
| Transfer from deferred taxes | 780 | €41,538 | €0 | -€41,538 | -100% |
| Income taxes | 67/77 | €290,559 | €128,839 | -€161,720 | -55.7% |
| Profit (loss) for the period | 9904 | €424,165 | €274,123 | -€150,042 | -35.4% |
| Transfer from tax-exempt reserves | 789 | €166,154 | €0 | -€166,154 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €590,319 | €274,123 | -€316,196 | -53.6% |
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 24 October 2026 via checked.be.