IMODA: 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.
IMODA
Largest movements
- Cash +€11,040
up €11,040 (+11.0%), from €100,421 to €111,461
mainly Receivables within one year (+€6,677) and Net result for the year (+€3,914)
- Receivables within one year -€6,677
down €6,677 (-25.6%), from €26,032 to €19,355
of which Trade receivables: -€6,335
- Reserves +€3,914
up €3,914 (+7.4%), from €53,133 to €57,047
- Staff costs +€62,725
up €62,725 (+37.0%), from €169,636 to €232,360
- Gross operating margin +€18,977
up €18,977 (+8.6%), from €221,283 to €240,260
- Taxes -€12,055
down €12,055 (-88.3%), from €13,648 to €1,592
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 | €130,411 | €134,519 | +€4,108 | +3.2% |
| Fixed assets | 21/28 | €3,191 | €3,028 | -€163 | -5.1% |
| Tangible fixed assets | 22/27 | €3,191 | €3,028 | -€163 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | €1,107 | +€1,107 | |
| Furniture and vehicles | 24 | €3,191 | €1,921 | -€1,270 | -39.8% |
| Current assets | 29/58 | €127,220 | €131,491 | +€4,271 | +3.4% |
| Amounts receivable within one year | 40/41 | €26,032 | €19,355 | -€6,677 | -25.6% |
| Trade receivables | 40 | €23,066 | €16,730 | -€6,335 | -27.5% |
| Other amounts receivable | 41 | €2,966 | €2,624 | -€342 | -11.5% |
| Cash at bank and in hand | 54/58 | €100,421 | €111,461 | +€11,040 | +11.0% |
| Deferred charges and accrued income | 490/1 | €767 | €675 | -€92 | -12.0% |
| Total equity and liabilities | 10/49 | €130,411 | €134,519 | +€4,108 | +3.2% |
| Equity | 10/15 | €55,853 | €59,767 | +€3,914 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,133 | €57,047 | +€3,914 | +7.4% |
| Distributable reserves | 133 | €53,133 | €57,047 | +€3,914 | +7.4% |
| Profit (loss) carried forward | 14 | -€3,480 | -€3,480 | = | 0.0% |
| Amounts payable | 17/49 | €74,558 | €74,752 | +€194 | +0.3% |
| Amounts payable within one year | 42/48 | €74,558 | €74,752 | +€194 | +0.3% |
| Trade debts | 44 | €13,735 | €14,535 | +€800 | +5.8% |
| Suppliers | 440/4 | €13,735 | €14,535 | +€800 | +5.8% |
| Taxes, remuneration and social security | 45 | €60,823 | €60,217 | -€606 | -1.0% |
| Taxes | 450/3 | €17,333 | €7,971 | -€9,361 | -54.0% |
| Remuneration and social security | 454/9 | €43,490 | €52,246 | +€8,756 | +20.1% |
| Remuneration, social security and pensions | 62 | €169,636 | €232,360 | +€62,725 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,897 | €1,402 | -€495 | -26.1% |
| Other operating charges | 640/8 | €1,260 | €952 | -€307 | -24.4% |
| Gross operating margin | 9900 | €221,283 | €240,260 | +€18,977 | +8.6% |
| Operating profit (loss) | 9901 | €48,491 | €5,545 | -€42,945 | -88.6% |
| Financial income | 75/76B | €523 | €595 | +€72 | +13.7% |
| Recurring financial income | 75 | €523 | €595 | +€72 | +13.7% |
| Financial charges | 65/66B | €745 | €634 | -€111 | -14.9% |
| Recurring financial charges | 65 | €745 | €634 | -€111 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €48,269 | €5,506 | -€42,762 | -88.6% |
| Income taxes | 67/77 | €13,648 | €1,592 | -€12,055 | -88.3% |
| Profit (loss) for the period | 9904 | €34,621 | €3,914 | -€30,707 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,621 | €3,914 | -€30,707 | -88.7% |
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 24 October 2026 via checked.be.