IMRODER: 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.
What changed
IMRODER
NACE 68.204, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€501,012
2024 · -€224,445+€725,457
Equity
€21.6m
2024 · €21.1m+€501,012
Cash
€616,775
2024 · €957,418-€340,643
Balance sheet total
€40.8m
2024 · €47.1m-€6.3m
Largest movements
Assets
- Tangible fixed assets -€3.4m
down €3.4m (-12.9%), from €26.7m to €23.2m
of which Land and buildings: -€3.6m
- Receivables within one year -€2.1m
down €2.1m (-39.7%), from €5.2m to €3.1m
of which Other amounts receivable: -€3.0m
- Current investments -€1.5m
down €1.5m (-69.9%), from €2.1m to €647,134
- Stocks and contracts +€1.0m
up €1.0m (+13.5%), from €7.7m to €8.7m
Equity and liabilities
- Short-term financial debts -€5.6m
down €5.6m (-58.4%), from €9.6m to €4.0m
- Debts after one year -€1.0m
down €1.0m (-21.3%), from €4.9m to €3.9m
- Reserves +€501,012
up €501,012 (+2.7%), from €18.8m to €19.3m
of which Distributable reserves: +€848,203
Income statement
- Goods and materials +€3.7m
up €3.7m (+489%), from €758,187 to €4.5m
of which Purchases: +€4.5m
- Turnover +€3.7m
up €3.7m (+147%), from €2.5m to €6.2m
- Services and other goods +€650,871
up €650,871 (+57.6%), from €1.1m to €1.8m
- Financial charges -€609,299
down €609,299 (-48.5%), from €1.3m to €645,799
- Other operating income +€329,125
up €329,125 (+11.5%), from €2.9m to €3.2m
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
-€224,445
Turnover
+€3.7m
Other operating income
+€329,125
Goods and materials
-€3.7m
Services and other goods
-€650,871
Staff costs
-€32,729
Depreciation
+€195,875
Other operating charges
+€2,252
Other operating items
+€486,022
Financial income
-€72,100
Financial charges
+€609,299
Taxes
-€196,125
Deferred taxes and other
+€61,590
Result 2025
€501,012
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
+€3.4m
Financing
-€6.7m
Cash 2024
€957,418
From operations (derived)
+€2.9m
Net result for the year
+€501,012
Depreciation
+€1.5m
Stocks and contracts
-€1.0m
Receivables within one year
+€2.1m
Deferred charges and accrued income
+€10,280
Provisions
-€115,730
Trade debts
+€186,910
Tax, wage and social debts
+€49,621
Advances received
+€433,749
Other debts
-€453,672
Accrued charges and deferred income
-€246,668
Investment (derived)
+€3.4m
Investment in fixed assets (net)
+€1.9m
Current investments
+€1.5m
Financing
-€6.7m
Debts after one year
-€1.0m
Current portion of long-term debt
+€1,248
Short-term financial debts
-€5.6m
Cash 2025
€616,775
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,097,809 | €40,789,743 | -€6.3m | -13.4% |
| Fixed assets | 21/28 | €31,071,377 | €27,641,942 | -€3.4m | -11.0% |
| Tangible fixed assets | 22/27 | €26,677,444 | €23,248,009 | -€3.4m | -12.9% |
| Land and buildings | 22 | €26,272,663 | €22,718,550 | -€3.6m | -13.5% |
| Plant, machinery and equipment | 23 | €22,343 | €25,406 | +€3,063 | +13.7% |
| Furniture and vehicles | 24 | €356,138 | €477,753 | +€121,615 | +34.1% |
| Other tangible fixed assets | 26 | €26,301 | €26,301 | = | 0.0% |
| Financial fixed assets | 28 | €4,393,932 | €4,393,932 | = | 0.0% |
| Affiliated companies | 280/1 | €2,000,000 | €2,000,000 | = | 0.0% |
| Participating interests | 280 | €2,000,000 | €2,000,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €2,393,932 | €2,393,932 | = | 0.0% |
| Participating interests | 282 | €2,393,932 | €2,393,932 | = | 0.0% |
| Current assets | 29/58 | €16,026,433 | €13,147,801 | -€2.9m | -18.0% |
| Stocks and contracts in progress | 3 | €7,688,035 | €8,723,564 | +€1.0m | +13.5% |
| Stocks | 30/36 | €7,688,035 | €8,723,564 | +€1.0m | +13.5% |
| Goods purchased for resale | 34 | - | €121,916 | +€121,916 | |
| Property held for sale | 35 | €7,688,035 | €8,601,648 | +€913,613 | +11.9% |
| Amounts receivable within one year | 40/41 | €5,199,343 | €3,136,105 | -€2.1m | -39.7% |
| Trade receivables | 40 | €1,052,834 | €1,963,425 | +€910,592 | +86.5% |
| Other amounts receivable | 41 | €4,146,509 | €1,172,680 | -€3.0m | -71.7% |
| Current investments | 50/53 | €2,147,134 | €647,134 | -€1.5m | -69.9% |
| Other investments | 51/53 | €2,147,134 | €647,134 | -€1.5m | -69.9% |
| Cash at bank and in hand | 54/58 | €957,418 | €616,775 | -€340,643 | -35.6% |
| Deferred charges and accrued income | 490/1 | €34,502 | €24,223 | -€10,280 | -29.8% |
| Total equity and liabilities | 10/49 | €47,097,809 | €40,789,743 | -€6.3m | -13.4% |
| Equity | 10/15 | €21,124,207 | €21,625,219 | +€501,012 | +2.4% |
| Contributions | 10/11 | €2,281,427 | €2,281,427 | = | 0.0% |
| Capital | 10 | €2,281,427 | €2,281,427 | = | 0.0% |
| Issued capital | 100 | €2,281,427 | €2,281,427 | = | 0.0% |
| Reserves | 13 | €18,842,780 | €19,343,792 | +€501,012 | +2.7% |
| Non-distributable reserves | 130/1 | €228,143 | €228,143 | = | 0.0% |
| Legal reserve | 130 | €228,143 | €228,143 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,705,140 | €4,357,949 | -€347,191 | -7.4% |
| Distributable reserves | 133 | €13,909,497 | €14,757,700 | +€848,203 | +6.1% |
| Provisions and deferred taxes | 16 | €1,568,380 | €1,452,650 | -€115,730 | -7.4% |
| Deferred taxes | 168 | €1,568,380 | €1,452,650 | -€115,730 | -7.4% |
| Amounts payable | 17/49 | €24,405,222 | €17,711,874 | -€6.7m | -27.4% |
| Amounts payable after more than one year | 17 | €4,932,565 | €3,884,229 | -€1.0m | -21.3% |
| Financial debts | 170/4 | €4,932,565 | €3,884,229 | -€1.0m | -21.3% |
| Credit institutions | 173 | €4,932,565 | €3,884,229 | -€1.0m | -21.3% |
| Amounts payable within one year | 42/48 | €18,972,880 | €13,574,537 | -€5.4m | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €1,047,088 | €1,048,337 | +€1,248 | +0.1% |
| Financial debts | 43 | €9,614,458 | €3,998,258 | -€5.6m | -58.4% |
| Credit institutions | 430/8 | €9,614,458 | €3,998,258 | -€5.6m | -58.4% |
| Trade debts | 44 | €377,908 | €564,819 | +€186,910 | +49.5% |
| Suppliers | 440/4 | €377,908 | €564,819 | +€186,910 | +49.5% |
| Advances received on contracts in progress | 46 | €343,866 | €777,614 | +€433,749 | +126% |
| Taxes, remuneration and social security | 45 | €256,442 | €306,064 | +€49,621 | +19.3% |
| Taxes | 450/3 | €162,045 | €179,594 | +€17,549 | +10.8% |
| Remuneration and social security | 454/9 | €94,397 | €126,470 | +€32,073 | +34.0% |
| Other amounts payable | 47/48 | €7,333,118 | €6,879,445 | -€453,672 | -6.2% |
| Accrued charges and deferred income | 492/3 | €499,777 | €253,109 | -€246,668 | -49.4% |
| Operating income | 70/76A | €5,640,710 | €10,017,459 | +€4.4m | +77.6% |
| Turnover | 70 | €2,518,556 | €6,220,506 | +€3.7m | +147% |
| Other operating income | 74 | €2,859,239 | €3,188,364 | +€329,125 | +11.5% |
| Non-recurring operating income | 76A | €262,915 | €608,589 | +€345,675 | +131% |
| Operating charges | 60/66A | €4,721,366 | €8,775,321 | +€4.1m | +85.9% |
| Goods for resale, raw materials and consumables | 60 | €758,187 | €4,467,019 | +€3.7m | +489% |
| Purchases | 600/8 | €965,726 | €5,502,548 | +€4.5m | +470% |
| Change in stocks: decrease (increase) | 609 | -€207,539 | -€1,035,529 | -€827,990 | -399% |
| Services and other goods | 61 | €1,130,725 | €1,781,596 | +€650,871 | +57.6% |
| Remuneration, social security and pensions | 62 | €808,478 | €841,207 | +€32,729 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690,603 | €1,494,728 | -€195,875 | -11.6% |
| Other operating charges | 640/8 | €180,960 | €178,708 | -€2,252 | -1.2% |
| Non-recurring operating charges | 66A | €152,412 | €12,064 | -€140,348 | -92.1% |
| Operating profit (loss) | 9901 | €919,345 | €1,242,137 | +€322,793 | +35.1% |
| Financial income | 75/76B | €121,671 | €49,571 | -€72,100 | -59.3% |
| Recurring financial income | 75 | €121,671 | €49,571 | -€72,100 | -59.3% |
| Income from current assets | 751 | €121,404 | €49,195 | -€72,210 | -59.5% |
| Other financial income | 752/9 | €267 | €377 | +€110 | +41.1% |
| Financial charges | 65/66B | €1,255,098 | €645,799 | -€609,299 | -48.5% |
| Recurring financial charges | 65 | €1,255,098 | €645,799 | -€609,299 | -48.5% |
| Debt charges | 650 | €1,108,991 | €641,166 | -€467,825 | -42.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €140,043 | €0 | -€140,043 | -100% |
| Other financial charges | 652/9 | €6,065 | €4,633 | -€1,432 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€214,083 | €645,910 | +€859,993 | |
| Transfer from deferred taxes | 780 | €116,136 | €115,730 | -€405 | -0.3% |
| Transfer to deferred taxes | 680 | €61,996 | €0 | -€61,996 | -100% |
| Income taxes | 67/77 | €64,502 | €260,628 | +€196,125 | +304% |
| Taxes | 670/3 | €68,060 | €260,628 | +€192,568 | +283% |
| Tax adjustments and reversals of tax provisions | 77 | €3,557 | €0 | -€3,557 | -100% |
| Profit (loss) for the period | 9904 | -€224,445 | €501,012 | +€725,457 | |
| Transfer from tax-exempt reserves | 789 | €348,407 | €347,191 | -€1,216 | -0.3% |
| Transfer to tax-exempt reserves | 689 | €185,987 | €0 | -€185,987 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,025 | €848,203 | +€910,228 |
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 16 October 2026 via checked.be.