IMMODRO: 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.
IMMODRO
Largest movements
- Receivables within one year +€53,807
up €53,807 (+17.7%), from €304,667 to €358,475
of which Other amounts receivable: +€28,142
- Tangible fixed assets +€33,447
up €33,447 (+51.3%), from €65,194 to €98,641
- Cash +€20,216
up €20,216 (+4.6%), from €436,250 to €456,466
mainly Trade debts (+€84,665) and Net result for the year (+€18,971)
- Trade debts +€84,665
up €84,665 (+167%), from €50,625 to €135,289
- Profit (loss) carried forward +€18,971
up €18,971 (+2.7%), from €701,922 to €720,893
- Gross operating margin -€108,006
down €108,006 (-82.1%), from €131,619 to €23,613
- Purchases and services +€103,682
up €103,682 (+113%), from €92,040 to €195,722
- Write-downs -€19,310
down €19,310 (-83.3%), from €23,181 to €3,871
- Depreciation -€19,203
down €19,203 (-62.9%), from €30,551 to €11,348
- Other operating charges -€16,829
down €16,829 (-55.6%), from €30,277 to €13,448
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 | €831,383 | €941,386 | +€110,004 | +13.2% |
| Fixed assets | 21/28 | €65,194 | €98,641 | +€33,447 | +51.3% |
| Tangible fixed assets | 22/27 | €65,194 | €98,641 | +€33,447 | +51.3% |
| Land and buildings | 22 | €65,194 | €98,641 | +€33,447 | +51.3% |
| Current assets | 29/58 | €766,189 | €842,745 | +€76,556 | +10.0% |
| Amounts receivable within one year | 40/41 | €304,667 | €358,475 | +€53,807 | +17.7% |
| Trade receivables | 40 | €46,847 | €72,513 | +€25,665 | +54.8% |
| Other amounts receivable | 41 | €257,820 | €285,962 | +€28,142 | +10.9% |
| Cash at bank and in hand | 54/58 | €436,250 | €456,466 | +€20,216 | +4.6% |
| Deferred charges and accrued income | 490/1 | €25,271 | €27,804 | +€2,533 | +10.0% |
| Total equity and liabilities | 10/49 | €831,383 | €941,386 | +€110,004 | +13.2% |
| Equity | 10/15 | €770,122 | €789,093 | +€18,971 | +2.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €701,922 | €720,893 | +€18,971 | +2.7% |
| Amounts payable | 17/49 | €61,261 | €152,293 | +€91,032 | +149% |
| Amounts payable within one year | 42/48 | €60,520 | €152,091 | +€91,571 | +151% |
| Trade debts | 44 | €50,625 | €135,289 | +€84,665 | +167% |
| Suppliers | 440/4 | €50,625 | €135,289 | +€84,665 | +167% |
| Taxes, remuneration and social security | 45 | €9,751 | €16,657 | +€6,906 | +70.8% |
| Taxes | 450/3 | €9,751 | €16,657 | +€6,906 | +70.8% |
| Other amounts payable | 47/48 | €145 | €145 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €740 | €202 | -€539 | -72.7% |
| Turnover | 70 | €223,659 | €219,334 | -€4,324 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €92,040 | €195,722 | +€103,682 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,551 | €11,348 | -€19,203 | -62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,181 | €3,871 | -€19,310 | -83.3% |
| Other operating charges | 640/8 | €30,277 | €13,448 | -€16,829 | -55.6% |
| Gross operating margin | 9900 | €131,619 | €23,613 | -€108,006 | -82.1% |
| Operating profit (loss) | 9901 | €47,610 | -€5,053 | -€52,664 | |
| Financial income | 75/76B | €27,963 | €31,243 | +€3,279 | +11.7% |
| Recurring financial income | 75 | €27,963 | €31,243 | +€3,279 | +11.7% |
| Financial charges | 65/66B | €159 | €312 | +€153 | +96.5% |
| Recurring financial charges | 65 | €159 | €312 | +€153 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €75,415 | €25,877 | -€49,538 | -65.7% |
| Income taxes | 67/77 | €19,751 | €6,906 | -€12,845 | -65.0% |
| Profit (loss) for the period | 9904 | €55,664 | €18,971 | -€36,693 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,664 | €18,971 | -€36,693 | -65.9% |
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 18 October 2026 via checked.be.