Immogada: 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.
Immogada
Largest movements
- Cash +€9,523
up €9,523 (+87.2%), from €10,921 to €20,443
mainly Net result for the year (+€7,417) and Depreciation (+€6,568)
- Tangible fixed assets -€6,568
down €6,568 (-7.2%), from €91,583 to €85,015
- Receivables within one year +€1,594
new in 2025: €1,594
- Other debts +€4,750
up €4,750 (+909.5%), from €522 to €5,272
- Tax, wage and social debts -€3,899
down €3,899 (-54.6%), from €7,138 to €3,239
- Reserves +€2,000
up €2,000 (+6.0%), from €33,210 to €35,210
of which Distributable reserves: +€3,210
- Current portion of long-term debt +€1,692
new in 2025: €1,692
- Gross operating margin +€1,856
up €1,856 (+9.3%), from €19,908 to €21,763
- Taxes +€417
up €417 (+13.9%), from €2,989 to €3,406
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 | €106,653 | €110,676 | +€4,023 | +3.8% |
| Fixed assets | 21/28 | €91,583 | €85,015 | -€6,568 | -7.2% |
| Tangible fixed assets | 22/27 | €91,583 | €85,015 | -€6,568 | -7.2% |
| Land and buildings | 22 | €91,583 | €85,015 | -€6,568 | -7.2% |
| Current assets | 29/58 | €15,070 | €25,661 | +€10,591 | +70.3% |
| Amounts receivable within one year | 40/41 | - | €1,594 | +€1,594 | |
| Other amounts receivable | 41 | - | €1,594 | +€1,594 | |
| Cash at bank and in hand | 54/58 | €10,921 | €20,443 | +€9,523 | +87.2% |
| Deferred charges and accrued income | 490/1 | €4,149 | €3,623 | -€526 | -12.7% |
| Total equity and liabilities | 10/49 | €106,653 | €110,676 | +€4,023 | +3.8% |
| Equity | 10/15 | €95,447 | €97,864 | +€2,417 | +2.5% |
| Contributions | 10/11 | €44,301 | €44,301 | = | 0.0% |
| Reserves | 13 | €33,210 | €35,210 | +€2,000 | +6.0% |
| Non-distributable reserves | 130/1 | €1,210 | - | -€1,210 | |
| Reserves not available under the articles | 1311 | €1,210 | - | -€1,210 | |
| Distributable reserves | 133 | €32,000 | €35,210 | +€3,210 | +10.0% |
| Profit (loss) carried forward | 14 | €17,935 | €18,353 | +€417 | +2.3% |
| Amounts payable | 17/49 | €11,206 | €12,812 | +€1,606 | +14.3% |
| Amounts payable within one year | 42/48 | €9,436 | €11,031 | +€1,595 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,692 | +€1,692 | |
| Trade debts | 44 | €1,776 | €827 | -€948 | -53.4% |
| Suppliers | 440/4 | €1,776 | €827 | -€948 | -53.4% |
| Taxes, remuneration and social security | 45 | €7,138 | €3,239 | -€3,899 | -54.6% |
| Taxes | 450/3 | €7,138 | €3,239 | -€3,899 | -54.6% |
| Other amounts payable | 47/48 | €522 | €5,272 | +€4,750 | +909.5% |
| Accrued charges and deferred income | 492/3 | €1,770 | €1,780 | +€10 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,568 | €6,568 | = | 0.0% |
| Other operating charges | 640/8 | €4,206 | €4,263 | +€57 | +1.3% |
| Gross operating margin | 9900 | €19,908 | €21,763 | +€1,856 | +9.3% |
| Operating profit (loss) | 9901 | €9,134 | €10,933 | +€1,799 | +19.7% |
| Financial charges | 65/66B | - | €110 | +€110 | |
| Recurring financial charges | 65 | - | €110 | +€110 | |
| Profit (loss) for the period before taxes | 9903 | €9,134 | €10,823 | +€1,689 | +18.5% |
| Income taxes | 67/77 | €2,989 | €3,406 | +€417 | +13.9% |
| Profit (loss) for the period | 9904 | €6,145 | €7,417 | +€1,272 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,145 | €7,417 | +€1,272 | +20.7% |
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 6 October 2026 via checked.be.