IMMODRI: 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.
IMMODRI
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+110%), from €1.3m to €2.7m
- Receivables within one year -€147,964
down €147,964 (-91.5%), from €161,724 to €13,761
of which Other amounts receivable: -€147,964
- Other debts +€1.5m
up €1.5m (+1,500%), from €97,454 to €1.6m
- Current portion of long-term debt -€170,564
down €170,564 (-100%), from €170,564 to €0
- Depreciation +€48,792
up €48,792 (+52.4%), from €93,060 to €141,852
- Gross operating margin -€28,526
down €28,526 (-18.1%), from €157,705 to €129,179
- Financial charges -€22,127
down €22,127 (-84.1%), from €26,297 to €4,170
- Taxes -€8,971
down €8,971 (-99.4%), from €9,023 to €52
- Financial income -€5,910
down €5,910 (-62.4%), from €9,469 to €3,559
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 | €1,483,761 | €2,755,853 | +€1.3m | +85.7% |
| Fixed assets | 21/28 | €1,305,383 | €2,741,575 | +€1.4m | +110% |
| Tangible fixed assets | 22/27 | €1,305,383 | €2,741,575 | +€1.4m | +110% |
| Land and buildings | 22 | €1,305,383 | €2,741,575 | +€1.4m | +110% |
| Current assets | 29/58 | €178,378 | €14,278 | -€164,101 | -92.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €161,724 | €13,761 | -€147,964 | -91.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €161,724 | €13,761 | -€147,964 | -91.5% |
| Cash at bank and in hand | 54/58 | €16,654 | €517 | -€16,137 | -96.9% |
| Total equity and liabilities | 10/49 | €1,483,761 | €2,755,853 | +€1.3m | +85.7% |
| Equity | 10/15 | €1,201,834 | €1,175,034 | -€26,801 | -2.2% |
| Contributions | 10/11 | €504,000 | €504,000 | = | 0.0% |
| Capital | 10 | €504,000 | €504,000 | = | 0.0% |
| Issued capital | 100 | €504,000 | €504,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €44,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,000 | €44,000 | = | 0.0% |
| Legal reserve | 130 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €653,834 | €627,034 | -€26,801 | -4.1% |
| Amounts payable | 17/49 | €281,927 | €1,580,820 | +€1.3m | +461% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €270,144 | €1,569,038 | +€1.3m | +481% |
| Current portion of amounts payable after more than one year | 42 | €170,564 | €0 | -€170,564 | -100% |
| Trade debts | 44 | €126 | €7,388 | +€7,262 | +5,763% |
| Suppliers | 440/4 | €126 | €7,388 | +€7,262 | +5,763% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,052 | +€52 | +2.6% |
| Taxes | 450/3 | €2,000 | €2,052 | +€52 | +2.6% |
| Other amounts payable | 47/48 | €97,454 | €1,559,598 | +€1.5m | +1,500% |
| Accrued charges and deferred income | 492/3 | €11,782 | €11,782 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,060 | €141,852 | +€48,792 | +52.4% |
| Other operating charges | 640/8 | €13,058 | €13,466 | +€408 | +3.1% |
| Gross operating margin | 9900 | €157,705 | €129,179 | -€28,526 | -18.1% |
| Operating profit (loss) | 9901 | €51,587 | -€26,138 | -€77,725 | |
| Financial income | 75/76B | €9,469 | €3,559 | -€5,910 | -62.4% |
| Recurring financial income | 75 | €9,469 | €3,559 | -€5,910 | -62.4% |
| Financial charges | 65/66B | €26,297 | €4,170 | -€22,127 | -84.1% |
| Recurring financial charges | 65 | €26,297 | €4,170 | -€22,127 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €34,759 | -€26,749 | -€61,508 | |
| Income taxes | 67/77 | €9,023 | €52 | -€8,971 | -99.4% |
| Profit (loss) for the period | 9904 | €25,736 | -€26,801 | -€52,537 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,736 | -€26,801 | -€52,537 |
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 20 October 2026 via checked.be.