Immodri II: 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.
Immodri II
Largest movements
- Tangible fixed assets +€385,877
up €385,877 (+273.8%), from €140,950 to €526,826
- Receivables within one year -€14,626
down €14,626 (-18.5%), from €79,116 to €64,490
of which Trade receivables: -€20,711
- Other debts +€379,944
up €379,944 (+562.9%), from €67,500 to €447,444
- Profit (loss) carried forward -€24,041
down €24,041 (-13.9%), from €172,863 to €148,822
- Trade debts +€13,389
up €13,389 (+10626.3%), from €126 to €13,515
- Gross operating margin -€37,614
down €37,614 (-66.5%), from €56,523 to €18,909
- Write-downs +€18,351
new in 2025: €18,351
- Depreciation +€16,518
up €16,518 (+412.7%), from €4,003 to €20,521
- Taxes -€967
down €967 (-98.8%), from €979 to €12
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 | €309,789 | €679,081 | +€369,293 | +119.2% |
| Fixed assets | 21/28 | €140,950 | €526,826 | +€385,877 | +273.8% |
| Tangible fixed assets | 22/27 | €140,950 | €526,826 | +€385,877 | +273.8% |
| Land and buildings | 22 | €140,950 | €526,826 | +€385,877 | +273.8% |
| Current assets | 29/58 | €168,839 | €152,255 | -€16,584 | -9.8% |
| Amounts receivable within one year | 40/41 | €79,116 | €64,490 | -€14,626 | -18.5% |
| Trade receivables | 40 | €26,012 | €5,301 | -€20,711 | -79.6% |
| Other amounts receivable | 41 | €53,104 | €59,189 | +€6,085 | +11.5% |
| Cash at bank and in hand | 54/58 | €89,723 | €87,765 | -€1,958 | -2.2% |
| Total equity and liabilities | 10/49 | €309,789 | €679,081 | +€369,293 | +119.2% |
| Equity | 10/15 | €242,163 | €218,122 | -€24,041 | -9.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,863 | €148,822 | -€24,041 | -13.9% |
| Amounts payable | 17/49 | €67,626 | €460,960 | +€393,334 | +581.6% |
| Amounts payable within one year | 42/48 | €67,626 | €460,960 | +€393,334 | +581.6% |
| Trade debts | 44 | €126 | €13,515 | +€13,389 | +10626.3% |
| Suppliers | 440/4 | €126 | €13,515 | +€13,389 | +10626.3% |
| Other amounts payable | 47/48 | €67,500 | €447,444 | +€379,944 | +562.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,003 | €20,521 | +€16,518 | +412.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,351 | +€18,351 | |
| Other operating charges | 640/8 | €4,688 | €4,834 | +€145 | +3.1% |
| Non-recurring operating charges | 66A | €45,000 | €0 | -€45,000 | -100.0% |
| Gross operating margin | 9900 | €56,523 | €18,909 | -€37,614 | -66.5% |
| Operating profit (loss) | 9901 | €2,832 | -€24,796 | -€27,628 | |
| Financial income | 75/76B | €1,255 | €1,292 | +€38 | +3.0% |
| Recurring financial income | 75 | €1,255 | €1,292 | +€38 | +3.0% |
| Financial charges | 65/66B | €39 | €525 | +€486 | +1245.6% |
| Recurring financial charges | 65 | €39 | €525 | +€486 | +1245.6% |
| Profit (loss) for the period before taxes | 9903 | €4,048 | -€24,029 | -€28,077 | |
| Income taxes | 67/77 | €979 | €12 | -€967 | -98.8% |
| Profit (loss) for the period | 9904 | €3,069 | -€24,041 | -€27,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,069 | -€24,041 | -€27,110 |
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 9 October 2026 via checked.be.