IMMODELNA: 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.
IMMODELNA
Largest movements
- Stocks and contracts -€122,592
down €122,592 (-36.6%), from €335,328 to €212,736
- Cash +€79,273
up €79,273 (+471%), from €16,822 to €96,095
mainly Stocks and contracts (+€122,592) and Net result for the year (+€46,433)
- Tangible fixed assets -€6,554
down €6,554 (-5.4%), from €121,363 to €114,809
of which Land and buildings: -€5,602
- Other debts -€75,732
down €75,732 (-15.8%), from €478,597 to €402,865
- Profit (loss) carried forward +€46,433
up €46,433 (+49.5%), from -€93,737 to -€47,303
- Tax, wage and social debts -€11,889
down €11,889 (-90.5%), from €13,137 to €1,248
of which Remuneration and social security: -€10,000
- Trade debts -€10,373
no longer reported in 2025 (was €10,373)
- Gross operating margin +€76,478
up €76,478, from -€19,981 to €56,497
- Other operating charges +€701
up €701 (+49.5%), from €1,418 to €2,119
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 | €478,371 | €426,810 | -€51,561 | -10.8% |
| Fixed assets | 21/28 | €121,363 | €114,905 | -€6,458 | -5.3% |
| Tangible fixed assets | 22/27 | €121,363 | €114,809 | -€6,554 | -5.4% |
| Land and buildings | 22 | €112,322 | €106,720 | -€5,602 | -5.0% |
| Plant, machinery and equipment | 23 | €8,237 | €7,036 | -€1,201 | -14.6% |
| Furniture and vehicles | 24 | €805 | €1,053 | +€248 | +30.9% |
| Financial fixed assets | 28 | - | €97 | +€97 | |
| Current assets | 29/58 | €357,008 | €311,905 | -€45,103 | -12.6% |
| Stocks and contracts in progress | 3 | €335,328 | €212,736 | -€122,592 | -36.6% |
| Stocks | 30/36 | €335,328 | €212,736 | -€122,592 | -36.6% |
| Amounts receivable within one year | 40/41 | €4,858 | €1,118 | -€3,740 | -77.0% |
| Trade receivables | 40 | €4,608 | €680 | -€3,928 | -85.2% |
| Other amounts receivable | 41 | €250 | €438 | +€188 | +75.3% |
| Cash at bank and in hand | 54/58 | €16,822 | €96,095 | +€79,273 | +471% |
| Deferred charges and accrued income | 490/1 | - | €1,956 | +€1,956 | |
| Total equity and liabilities | 10/49 | €478,371 | €426,810 | -€51,561 | -10.8% |
| Equity | 10/15 | -€23,737 | €22,697 | +€46,433 | |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,737 | -€47,303 | +€46,433 | +49.5% |
| Amounts payable | 17/49 | €502,107 | €404,113 | -€97,994 | -19.5% |
| Amounts payable within one year | 42/48 | €502,107 | €404,113 | -€97,994 | -19.5% |
| Trade debts | 44 | €10,373 | - | -€10,373 | |
| Suppliers | 440/4 | €10,373 | - | -€10,373 | |
| Taxes, remuneration and social security | 45 | €13,137 | €1,248 | -€11,889 | -90.5% |
| Taxes | 450/3 | €3,137 | €1,248 | -€1,889 | -60.2% |
| Remuneration and social security | 454/9 | €10,000 | - | -€10,000 | |
| Other amounts payable | 47/48 | €478,597 | €402,865 | -€75,732 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,196 | €7,545 | +€350 | +4.9% |
| Other operating charges | 640/8 | €1,418 | €2,119 | +€701 | +49.5% |
| Gross operating margin | 9900 | -€19,981 | €56,497 | +€76,478 | |
| Operating profit (loss) | 9901 | -€28,594 | €46,833 | +€75,427 | |
| Financial income | 75/76B | €5 | €6 | +€1 | +20.2% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +20.2% |
| Financial charges | 65/66B | €202 | €406 | +€203 | +101% |
| Recurring financial charges | 65 | €202 | €406 | +€203 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€28,791 | €46,433 | +€75,224 | |
| Profit (loss) for the period | 9904 | -€28,791 | €46,433 | +€75,224 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,791 | €46,433 | +€75,224 |
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 25 October 2026 via checked.be.