IMODOL: 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.
What changed
IMODOL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,463
2024 · €60,787-€36,324
Equity
€281,785
2024 · €257,322+€24,463
Cash
€77,668
2024 · €57,923+€19,745
Balance sheet total
€6.2m
2024 · €6.4m-€220,675
Largest movements
Assets
- Tangible fixed assets -€258,032
down €258,032 (-4.1%), from €6.3m to €6.1m
of which Land and buildings: -€236,305
Equity and liabilities
- Debts after one year -€230,420
down €230,420 (-3.8%), from €6.1m to €5.8m
of which Financial debts: -€229,415
Income statement
- Gross operating margin -€34,681
down €34,681 (-7.8%), from €446,018 to €411,337
- Taxes -€7,873
down €7,873 (-27.9%), from €28,177 to €20,304
- Other operating charges +€7,665
up €7,665 (+11.1%), from €68,927 to €76,591
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.
Result 2024
€60,787
Gross operating margin
-€34,681
Depreciation
-€3,296
Other operating charges
-€7,665
Financial income
+€496
Financial charges
+€950
Taxes
+€7,873
Result 2025
€24,463
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.
From operations
+€253,656
Investment
-€3,491
Financing
-€230,420
Cash 2024
€57,923
From operations (derived)
+€253,656
Net result for the year
+€24,463
Depreciation
+€261,522
Receivables within one year
-€15,212
Deferred charges and accrued income
-€2,400
Trade debts
+€2,106
Tax, wage and social debts
-€16,823
Investment (derived)
-€3,491
Investment in fixed assets (net)
-€3,491
Financing
-€230,420
Debts after one year
-€230,420
Cash 2025
€77,668
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,405,622 | €6,184,947 | -€220,675 | -3.4% |
| Fixed assets | 21/28 | €6,308,677 | €6,050,645 | -€258,032 | -4.1% |
| Tangible fixed assets | 22/27 | €6,308,677 | €6,050,645 | -€258,032 | -4.1% |
| Land and buildings | 22 | €6,180,272 | €5,943,967 | -€236,305 | -3.8% |
| Plant, machinery and equipment | 23 | €41,272 | €42,177 | +€905 | +2.2% |
| Furniture and vehicles | 24 | €87,133 | €64,501 | -€22,632 | -26.0% |
| Current assets | 29/58 | €96,946 | €134,302 | +€37,357 | +38.5% |
| Amounts receivable within one year | 40/41 | €39,023 | €54,235 | +€15,212 | +39.0% |
| Trade receivables | 40 | €2,420 | €2,420 | = | 0.0% |
| Other amounts receivable | 41 | €36,603 | €51,815 | +€15,212 | +41.6% |
| Cash at bank and in hand | 54/58 | €57,923 | €77,668 | +€19,745 | +34.1% |
| Deferred charges and accrued income | 490/1 | - | €2,400 | +€2,400 | |
| Total equity and liabilities | 10/49 | €6,405,622 | €6,184,947 | -€220,675 | -3.4% |
| Equity | 10/15 | €257,322 | €281,785 | +€24,463 | +9.5% |
| Contributions | 10/11 | €174,765 | €174,765 | = | 0.0% |
| Capital | 10 | €174,765 | €174,765 | = | 0.0% |
| Issued capital | 100 | €174,765 | €174,765 | = | 0.0% |
| Reserves | 13 | €17,476 | €17,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,476 | €17,476 | = | 0.0% |
| Legal reserve | 130 | €17,476 | €17,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,080 | €89,544 | +€24,463 | +37.6% |
| Amounts payable | 17/49 | €6,148,300 | €5,903,162 | -€245,138 | -4.0% |
| Amounts payable after more than one year | 17 | €6,067,354 | €5,836,934 | -€230,420 | -3.8% |
| Financial debts | 170/4 | €6,016,929 | €5,787,514 | -€229,415 | -3.8% |
| Other amounts payable | 178/9 | €50,425 | €49,420 | -€1,005 | -2.0% |
| Amounts payable within one year | 42/48 | €80,946 | €66,229 | -€14,718 | -18.2% |
| Trade debts | 44 | €6,737 | €8,842 | +€2,106 | +31.3% |
| Suppliers | 440/4 | €6,737 | €8,842 | +€2,106 | +31.3% |
| Taxes, remuneration and social security | 45 | €74,210 | €57,386 | -€16,823 | -22.7% |
| Taxes | 450/3 | €74,210 | €57,386 | -€16,823 | -22.7% |
| Non-recurring operating income | 76A | €4,209 | €240 | -€3,969 | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,226 | €261,522 | +€3,296 | +1.3% |
| Other operating charges | 640/8 | €68,927 | €76,591 | +€7,665 | +11.1% |
| Gross operating margin | 9900 | €446,018 | €411,337 | -€34,681 | -7.8% |
| Operating profit (loss) | 9901 | €118,866 | €73,224 | -€45,642 | -38.4% |
| Financial income | 75/76B | €1,388 | €1,883 | +€496 | +35.7% |
| Recurring financial income | 75 | €1,388 | €1,883 | +€496 | +35.7% |
| Financial charges | 65/66B | €31,289 | €30,339 | -€950 | -3.0% |
| Recurring financial charges | 65 | €31,289 | €30,339 | -€950 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €88,964 | €44,768 | -€44,197 | -49.7% |
| Income taxes | 67/77 | €28,177 | €20,304 | -€7,873 | -27.9% |
| Profit (loss) for the period | 9904 | €60,787 | €24,463 | -€36,324 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,787 | €24,463 | -€36,324 | -59.8% |
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 2 October 2026 via checked.be.