IMMODORE: 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.
IMMODORE
Largest movements
- Tangible fixed assets +€6,222
up €6,222 (+1.9%), from €331,114 to €337,336
of which Land and buildings: +€7,214
- Debts after one year -€51,621
down €51,621 (-18.7%), from €275,685 to €224,064
- Profit (loss) carried forward +€40,137
up €40,137 (+138.9%), from €28,888 to €69,025
- Trade debts +€20,691
up €20,691 (+637.8%), from €3,244 to €23,935
- Tax, wage and social debts +€14,842
up €14,842 (+386.2%), from €3,843 to €18,685
- Other debts -€9,409
no longer reported in 2025 (was €9,409)
- Gross operating margin +€33,534
up €33,534 (+72.5%), from €46,263 to €79,797
- Taxes +€10,866
up €10,866 (+273.3%), from €3,976 to €14,842
- Depreciation +€1,666
up €1,666 (+17.2%), from €9,696 to €11,362
- Other operating charges -€1,365
down €1,365 (-55.0%), from €2,481 to €1,116
- Financial charges +€977
up €977 (+11.6%), from €8,459 to €9,436
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 | €337,548 | €347,329 | +€9,781 | +2.9% |
| Fixed assets | 21/28 | €331,114 | €337,336 | +€6,222 | +1.9% |
| Tangible fixed assets | 22/27 | €331,114 | €337,336 | +€6,222 | +1.9% |
| Land and buildings | 22 | €316,632 | €323,846 | +€7,214 | +2.3% |
| Furniture and vehicles | 24 | €1,087 | €584 | -€503 | -46.3% |
| Other tangible fixed assets | 26 | €13,395 | €12,905 | -€490 | -3.7% |
| Current assets | 29/58 | €6,434 | €9,994 | +€3,560 | +55.3% |
| Amounts receivable within one year | 40/41 | €5,937 | €8,589 | +€2,652 | +44.7% |
| Trade receivables | 40 | €4,409 | €386 | -€4,023 | -91.2% |
| Other amounts receivable | 41 | €1,528 | €8,203 | +€6,675 | +436.8% |
| Cash at bank and in hand | 54/58 | €497 | €1,405 | +€908 | +182.7% |
| Total equity and liabilities | 10/49 | €337,548 | €347,329 | +€9,781 | +2.9% |
| Equity | 10/15 | €31,388 | €71,525 | +€40,137 | +127.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,888 | €69,025 | +€40,137 | +138.9% |
| Amounts payable | 17/49 | €306,160 | €275,805 | -€30,355 | -9.9% |
| Amounts payable after more than one year | 17 | €275,685 | €224,064 | -€51,621 | -18.7% |
| Financial debts | 170/4 | €275,685 | €224,064 | -€51,621 | -18.7% |
| Amounts payable within one year | 42/48 | €25,275 | €51,741 | +€26,466 | +104.7% |
| Current portion of amounts payable after more than one year | 42 | €8,779 | €9,121 | +€342 | +3.9% |
| Trade debts | 44 | €3,244 | €23,935 | +€20,691 | +637.8% |
| Suppliers | 440/4 | €3,244 | €23,935 | +€20,691 | +637.8% |
| Taxes, remuneration and social security | 45 | €3,843 | €18,685 | +€14,842 | +386.2% |
| Taxes | 450/3 | €3,843 | €18,685 | +€14,842 | +386.2% |
| Other amounts payable | 47/48 | €9,409 | - | -€9,409 | |
| Accrued charges and deferred income | 492/3 | €5,200 | - | -€5,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €11,362 | +€1,666 | +17.2% |
| Other operating charges | 640/8 | €2,481 | €1,116 | -€1,365 | -55.0% |
| Non-recurring operating charges | 66A | €7,070 | €2,904 | -€4,166 | -58.9% |
| Gross operating margin | 9900 | €46,263 | €79,797 | +€33,534 | +72.5% |
| Operating profit (loss) | 9901 | €27,016 | €64,415 | +€37,399 | +138.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -57.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -57.0% |
| Financial charges | 65/66B | €8,459 | €9,436 | +€977 | +11.6% |
| Recurring financial charges | 65 | €8,459 | €9,436 | +€977 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €18,558 | €54,979 | +€36,421 | +196.3% |
| Income taxes | 67/77 | €3,976 | €14,842 | +€10,866 | +273.3% |
| Profit (loss) for the period | 9904 | €14,582 | €40,137 | +€25,555 | +175.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,582 | €40,137 | +€25,555 | +175.3% |
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 11 October 2026 via checked.be.