IMMODUB: 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.
IMMODUB
Largest movements
- Receivables within one year +€574,931
up €574,931, from €0 to €574,931
of which Other amounts receivable: +€455,275
- Stocks and contracts +€239,105
up €239,105 (+6.1%), from €3.9m to €4.1m
- Cash -€119,207
down €119,207 (-88.7%), from €134,441 to €15,234
mainly Receivables within one year (-€574,931) and Stocks and contracts (-€239,105)
- Debts after one year +€688,500
up €688,500 (+15.1%), from €4.6m to €5.2m
- Reserves -€99,564
down €99,564 (-3.0%), from €3.3m to €3.2m
of which Distributable reserves: -€99,564
- Other operating charges +€1,607
up €1,607 (+11.3%), from €14,253 to €15,860
- Gross operating margin +€935
up €935 (+1.3%), from -€71,033 to -€70,098
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 | €7,923,592 | €8,605,344 | +€681,752 | +8.6% |
| Fixed assets | 21/28 | €3,886,825 | €3,873,748 | -€13,077 | -0.3% |
| Tangible fixed assets | 22/27 | €270,219 | €257,142 | -€13,077 | -4.8% |
| Land and buildings | 22 | €262,758 | €250,998 | -€11,760 | -4.5% |
| Plant, machinery and equipment | 23 | €7,461 | €6,144 | -€1,317 | -17.7% |
| Financial fixed assets | 28 | €3,616,606 | €3,616,606 | = | 0.0% |
| Current assets | 29/58 | €4,036,767 | €4,731,596 | +€694,829 | +17.2% |
| Stocks and contracts in progress | 3 | €3,902,326 | €4,141,431 | +€239,105 | +6.1% |
| Stocks | 30/36 | €3,902,326 | €4,141,431 | +€239,105 | +6.1% |
| Amounts receivable within one year | 40/41 | €0 | €574,931 | +€574,931 | |
| Trade receivables | 40 | €0 | €119,656 | +€119,656 | |
| Other amounts receivable | 41 | - | €455,275 | +€455,275 | |
| Cash at bank and in hand | 54/58 | €134,441 | €15,234 | -€119,207 | -88.7% |
| Total equity and liabilities | 10/49 | €7,923,592 | €8,605,344 | +€681,752 | +8.6% |
| Equity | 10/15 | €3,336,420 | €3,236,856 | -€99,564 | -3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,324,020 | €3,224,456 | -€99,564 | -3.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,324,020 | €3,224,456 | -€99,564 | -3.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,587,172 | €5,368,488 | +€781,315 | +17.0% |
| Amounts payable after more than one year | 17 | €4,552,212 | €5,240,712 | +€688,500 | +15.1% |
| Other amounts payable | 178/9 | €4,552,212 | €5,240,712 | +€688,500 | +15.1% |
| Amounts payable within one year | 42/48 | €34,960 | €127,776 | +€92,815 | +265.5% |
| Trade debts | 44 | €34,437 | €116,527 | +€82,090 | +238.4% |
| Suppliers | 440/4 | €34,437 | €116,527 | +€82,090 | +238.4% |
| Taxes, remuneration and social security | 45 | €523 | €481 | -€42 | -8.1% |
| Taxes | 450/3 | €523 | €481 | -€42 | -8.1% |
| Other amounts payable | 47/48 | €0 | €10,768 | +€10,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,077 | €13,077 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €413 | +€413 | |
| Other operating charges | 640/8 | €14,253 | €15,860 | +€1,607 | +11.3% |
| Gross operating margin | 9900 | -€71,033 | -€70,098 | +€935 | +1.3% |
| Operating profit (loss) | 9901 | -€98,364 | -€99,449 | -€1,085 | -1.1% |
| Financial charges | 65/66B | €146 | €115 | -€31 | -21.2% |
| Recurring financial charges | 65 | €146 | €115 | -€31 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€98,510 | -€99,564 | -€1,054 | -1.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€98,510 | -€99,564 | -€1,054 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,510 | -€99,564 | -€1,054 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.