IMMODREAM: 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.
IMMODREAM
Largest movements
- Receivables within one year +€9,522
up €9,522 (+148.7%), from €6,403 to €15,925
of which Trade receivables: +€7,175
- Cash -€7,417
down €7,417 (-13.9%), from €53,377 to €45,960
mainly Receivables within one year (-€9,522) and Investment in fixed assets (net) (-€8,861)
- Tangible fixed assets +€2,108
up €2,108 (+16.2%), from €13,042 to €15,150
of which Plant, machinery and equipment: +€4,622
- Current investments -€1,787
down €1,787 (-4.1%), from €43,810 to €42,023
- Profit (loss) carried forward +€8,509
up €8,509 (+9.5%), from €89,534 to €98,043
- Tax, wage and social debts -€5,977
down €5,977 (-97.7%), from €6,116 to €139
- Depreciation -€3,083
down €3,083 (-31.3%), from €9,836 to €6,753
- Gross operating margin -€997
down €997 (-6.1%), from €16,213 to €15,216
- Taxes -€197
down €197 (-87.9%), from €224 to €27
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 | €120,081 | €123,342 | +€3,261 | +2.7% |
| Fixed assets | 21/28 | €13,042 | €15,150 | +€2,108 | +16.2% |
| Tangible fixed assets | 22/27 | €13,042 | €15,150 | +€2,108 | +16.2% |
| Plant, machinery and equipment | 23 | €2,264 | €6,886 | +€4,622 | +204.2% |
| Furniture and vehicles | 24 | €10,778 | €8,264 | -€2,514 | -23.3% |
| Current assets | 29/58 | €107,039 | €108,192 | +€1,153 | +1.1% |
| Amounts receivable within one year | 40/41 | €6,403 | €15,925 | +€9,522 | +148.7% |
| Trade receivables | 40 | €1,900 | €9,075 | +€7,175 | +377.6% |
| Other amounts receivable | 41 | €4,503 | €6,850 | +€2,347 | +52.1% |
| Current investments | 50/53 | €43,810 | €42,023 | -€1,787 | -4.1% |
| Cash at bank and in hand | 54/58 | €53,377 | €45,960 | -€7,417 | -13.9% |
| Deferred charges and accrued income | 490/1 | €3,449 | €4,284 | +€835 | +24.2% |
| Total equity and liabilities | 10/49 | €120,081 | €123,342 | +€3,261 | +2.7% |
| Equity | 10/15 | €109,994 | €118,503 | +€8,509 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,534 | €98,043 | +€8,509 | +9.5% |
| Amounts payable | 17/49 | €10,087 | €4,839 | -€5,248 | -52.0% |
| Amounts payable within one year | 42/48 | €10,022 | €4,839 | -€5,183 | -51.7% |
| Trade debts | 44 | €3,812 | €4,700 | +€888 | +23.3% |
| Suppliers | 440/4 | €3,812 | €4,700 | +€888 | +23.3% |
| Taxes, remuneration and social security | 45 | €6,116 | €139 | -€5,977 | -97.7% |
| Taxes | 450/3 | €6,116 | €139 | -€5,977 | -97.7% |
| Other amounts payable | 47/48 | €94 | - | -€94 | |
| Accrued charges and deferred income | 492/3 | €65 | - | -€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,836 | €6,753 | -€3,083 | -31.3% |
| Other operating charges | 640/8 | €152 | €265 | +€113 | +74.3% |
| Gross operating margin | 9900 | €16,213 | €15,216 | -€997 | -6.1% |
| Operating profit (loss) | 9901 | €6,225 | €8,198 | +€1,973 | +31.7% |
| Financial income | 75/76B | €529 | €437 | -€92 | -17.4% |
| Recurring financial income | 75 | €529 | €437 | -€92 | -17.4% |
| Financial charges | 65/66B | €82 | €99 | +€17 | +20.7% |
| Recurring financial charges | 65 | €82 | €99 | +€17 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €6,672 | €8,536 | +€1,864 | +27.9% |
| Income taxes | 67/77 | €224 | €27 | -€197 | -87.9% |
| Profit (loss) for the period | 9904 | €6,448 | €8,509 | +€2,061 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,448 | €8,509 | +€2,061 | +32.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.