ImmoMADA: 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.
ImmoMADA
Largest movements
- Receivables within one year +€20,770
up €20,770 (+252%), from €8,230 to €29,000
of which Trade receivables: +€24,925
- Tangible fixed assets -€17,059
down €17,059 (-7.4%), from €231,105 to €214,046
of which Land and buildings: -€15,889
- Debts after one year -€24,214
down €24,214 (-27.8%), from €87,150 to €62,936
- Profit (loss) carried forward +€14,968
up €14,968 (+23.4%), from €63,932 to €78,900
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Other debts -€7,777
down €7,777 (-16.4%), from €47,388 to €39,611
- Trade debts +€4,715
up €4,715 (+337%), from €1,400 to €6,115
- Taxes +€4,977
up €4,977 (+71.1%), from €7,000 to €11,977
- Other operating charges +€2,789
up €2,789 (+303%), from €919 to €3,708
- Gross operating margin -€1,823
down €1,823 (-3.4%), from €53,329 to €51,506
- Depreciation +€538
up €538 (+3.3%), from €16,521 to €17,059
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 | €240,815 | €243,317 | +€2,502 | +1.0% |
| Fixed assets | 21/28 | €231,105 | €214,046 | -€17,059 | -7.4% |
| Tangible fixed assets | 22/27 | €231,105 | €214,046 | -€17,059 | -7.4% |
| Land and buildings | 22 | €226,878 | €210,989 | -€15,889 | -7.0% |
| Furniture and vehicles | 24 | €4,227 | €3,057 | -€1,170 | -27.7% |
| Current assets | 29/58 | €9,710 | €29,271 | +€19,561 | +201% |
| Amounts receivable within one year | 40/41 | €8,230 | €29,000 | +€20,770 | +252% |
| Trade receivables | 40 | €4,075 | €29,000 | +€24,925 | +612% |
| Other amounts receivable | 41 | €4,155 | - | -€4,155 | |
| Cash at bank and in hand | 54/58 | €1,480 | €271 | -€1,209 | -81.7% |
| Total equity and liabilities | 10/49 | €240,815 | €243,317 | +€2,502 | +1.0% |
| Equity | 10/15 | €70,132 | €97,500 | +€27,368 | +39.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | €63,932 | €78,900 | +€14,968 | +23.4% |
| Amounts payable | 17/49 | €170,683 | €145,817 | -€24,866 | -14.6% |
| Amounts payable after more than one year | 17 | €87,150 | €62,936 | -€24,214 | -27.8% |
| Financial debts | 170/4 | €87,150 | €62,936 | -€24,214 | -27.8% |
| Amounts payable within one year | 42/48 | €83,533 | €82,881 | -€652 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €23,745 | €25,569 | +€1,824 | +7.7% |
| Trade debts | 44 | €1,400 | €6,115 | +€4,715 | +337% |
| Suppliers | 440/4 | €1,400 | €6,115 | +€4,715 | +337% |
| Taxes, remuneration and social security | 45 | €11,000 | €11,586 | +€586 | +5.3% |
| Taxes | 450/3 | €11,000 | €11,586 | +€586 | +5.3% |
| Other amounts payable | 47/48 | €47,388 | €39,611 | -€7,777 | -16.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,521 | €17,059 | +€538 | +3.3% |
| Other operating charges | 640/8 | €919 | €3,708 | +€2,789 | +303% |
| Gross operating margin | 9900 | €53,329 | €51,506 | -€1,823 | -3.4% |
| Operating profit (loss) | 9901 | €35,889 | €30,739 | -€5,150 | -14.3% |
| Financial income | 75/76B | €111 | €13 | -€98 | -88.3% |
| Recurring financial income | 75 | €111 | €13 | -€98 | -88.3% |
| Financial charges | 65/66B | €3,738 | €3,807 | +€69 | +1.8% |
| Recurring financial charges | 65 | €3,738 | €3,807 | +€69 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €32,262 | €26,945 | -€5,317 | -16.5% |
| Income taxes | 67/77 | €7,000 | €11,977 | +€4,977 | +71.1% |
| Profit (loss) for the period | 9904 | €25,262 | €14,968 | -€10,294 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,262 | €14,968 | -€10,294 | -40.7% |
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 27 October 2026 via checked.be.