Imodecam: 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.
Imodecam
Largest movements
- Tangible fixed assets -€214,855
down €214,855 (-29.1%), from €738,885 to €524,030
- Current investments +€196,946
up €196,946 (+36.9%), from €533,043 to €729,989
- Profit (loss) carried forward -€27,062
down €27,062 (-1.7%), from -€1.6m to -€1.6m
- Depreciation -€40,515
down €40,515 (-26.8%), from €151,414 to €110,899
- Other operating charges -€31,504
down €31,504 (-61.5%), from €51,231 to €19,727
- Gross operating margin -€5,191
down €5,191 (-5.1%), from €102,137 to €96,946
- Financial income +€1,322
up €1,322 (+20.0%), from €6,613 to €7,935
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 | €1,343,207 | €1,318,141 | -€25,066 | -1.9% |
| Fixed assets | 21/28 | €738,885 | €524,030 | -€214,855 | -29.1% |
| Tangible fixed assets | 22/27 | €738,885 | €524,030 | -€214,855 | -29.1% |
| Land and buildings | 22 | €738,885 | €524,030 | -€214,855 | -29.1% |
| Current assets | 29/58 | €604,322 | €794,111 | +€189,789 | +31.4% |
| Amounts receivable within one year | 40/41 | €59,385 | €59,385 | = | 0.0% |
| Trade receivables | 40 | €56,857 | €56,857 | = | 0.0% |
| Other amounts receivable | 41 | €2,528 | €2,528 | = | 0.0% |
| Current investments | 50/53 | €533,043 | €729,989 | +€196,946 | +36.9% |
| Cash at bank and in hand | 54/58 | €11,894 | €4,737 | -€7,157 | -60.2% |
| Total equity and liabilities | 10/49 | €1,343,207 | €1,318,141 | -€25,066 | -1.9% |
| Equity | 10/15 | -€784,777 | -€811,839 | -€27,062 | -3.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €81,118 | €81,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,481 | €3,481 | = | 0.0% |
| Legal reserve | 130 | €3,481 | €3,481 | = | 0.0% |
| Tax-exempt reserves | 132 | €81 | €81 | = | 0.0% |
| Distributable reserves | 133 | €77,556 | €77,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,615,895 | -€1,642,957 | -€27,062 | -1.7% |
| Amounts payable | 17/49 | €2,127,984 | €2,129,980 | +€1,996 | +0.1% |
| Amounts payable after more than one year | 17 | €4,500 | €4,500 | = | 0.0% |
| Financial debts | 170/4 | €4,500 | €4,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,121,780 | €2,123,718 | +€1,938 | +0.1% |
| Trade debts | 44 | €2,178 | €8,342 | +€6,164 | +283.0% |
| Suppliers | 440/4 | €2,178 | €8,342 | +€6,164 | +283.0% |
| Other amounts payable | 47/48 | €2,119,602 | €2,115,376 | -€4,226 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,704 | €1,762 | +€58 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,414 | €110,899 | -€40,515 | -26.8% |
| Other operating charges | 640/8 | €51,231 | €19,727 | -€31,504 | -61.5% |
| Gross operating margin | 9900 | €102,137 | €96,946 | -€5,191 | -5.1% |
| Operating profit (loss) | 9901 | -€100,508 | -€33,680 | +€66,828 | +66.5% |
| Financial income | 75/76B | €6,613 | €7,935 | +€1,322 | +20.0% |
| Recurring financial income | 75 | €6,613 | €7,935 | +€1,322 | +20.0% |
| Financial charges | 65/66B | €1,985 | €1,317 | -€668 | -33.7% |
| Recurring financial charges | 65 | €1,985 | €1,317 | -€668 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€95,880 | -€27,062 | +€68,818 | +71.8% |
| Profit (loss) for the period | 9904 | -€95,880 | -€27,062 | +€68,818 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,880 | -€27,062 | +€68,818 | +71.8% |
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 3 October 2026 via checked.be.