IMMOED: 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.
IMMOED
Largest movements
- Cash +€30,967
up €30,967 (+9093.5%), from €341 to €31,307
mainly Depreciation (+€39,690) and Net result for the year (+€3,565)
- Tangible fixed assets -€23,690
down €23,690 (-3.7%), from €644,239 to €620,550
of which Plant, machinery and equipment: -€14,350
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€82,446
up €82,446, from -€28,951 to €53,495
- Depreciation +€29,442
up €29,442 (+287.3%), from €10,248 to €39,690
- Financial charges +€3,710
up €3,710 (+68.2%), from €5,440 to €9,150
- Other operating charges -€835
down €835 (-43.4%), from €1,925 to €1,090
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 | €647,916 | €651,985 | +€4,070 | +0.6% |
| Fixed assets | 21/28 | €644,239 | €620,550 | -€23,690 | -3.7% |
| Tangible fixed assets | 22/27 | €644,239 | €620,550 | -€23,690 | -3.7% |
| Land and buildings | 22 | €355,230 | €346,651 | -€8,579 | -2.4% |
| Plant, machinery and equipment | 23 | €285,309 | €270,959 | -€14,350 | -5.0% |
| Furniture and vehicles | 24 | €3,700 | €2,940 | -€760 | -20.5% |
| Current assets | 29/58 | €3,676 | €31,436 | +€27,759 | +755.1% |
| Amounts receivable within one year | 40/41 | €3,180 | €1 | -€3,179 | -100.0% |
| Other amounts receivable | 41 | €3,180 | €1 | -€3,179 | -100.0% |
| Cash at bank and in hand | 54/58 | €341 | €31,307 | +€30,967 | +9093.5% |
| Deferred charges and accrued income | 490/1 | €156 | €127 | -€29 | -18.5% |
| Total equity and liabilities | 10/49 | €647,916 | €651,985 | +€4,070 | +0.6% |
| Equity | 10/15 | -€43,564 | -€39,999 | +€3,565 | +8.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,564 | -€42,999 | +€3,565 | +7.7% |
| Amounts payable | 17/49 | €691,480 | €691,984 | +€504 | +0.1% |
| Amounts payable after more than one year | 17 | €226,612 | €225,226 | -€1,385 | -0.6% |
| Financial debts | 170/4 | €226,612 | €225,226 | -€1,385 | -0.6% |
| Amounts payable within one year | 42/48 | €464,868 | €466,758 | +€1,890 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €11,630 | €13,144 | +€1,515 | +13.0% |
| Trade debts | 44 | €1,901 | €1,100 | -€800 | -42.1% |
| Suppliers | 440/4 | €1,901 | €1,100 | -€800 | -42.1% |
| Taxes, remuneration and social security | 45 | - | €1,176 | +€1,176 | |
| Taxes | 450/3 | - | €1,176 | +€1,176 | |
| Other amounts payable | 47/48 | €451,338 | €451,338 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,248 | €39,690 | +€29,442 | +287.3% |
| Other operating charges | 640/8 | €1,925 | €1,090 | -€835 | -43.4% |
| Gross operating margin | 9900 | -€28,951 | €53,495 | +€82,446 | |
| Operating profit (loss) | 9901 | -€41,124 | €12,715 | +€53,840 | |
| Financial charges | 65/66B | €5,440 | €9,150 | +€3,710 | +68.2% |
| Recurring financial charges | 65 | €5,440 | €9,150 | +€3,710 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,564 | €3,565 | +€50,129 | |
| Profit (loss) for the period | 9904 | -€46,564 | €3,565 | +€50,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,564 | €3,565 | +€50,129 |
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 7 October 2026 via checked.be.