IMMODEL: what changed
What changed
IMMODEL
filed annual accounts (NBB)
Net result for the year
€203,764
2025 · €265,430-€61,667
Equity
€11.7m
2025 · €11.5m+€203,764
Cash
€0
2025 · €0
Balance sheet total
€11.7m
2025 · €11.6m+€117,519
Largest movements
Assets
- Receivables within one year +€118,819
up €118,819 (+22.5%), from €528,395 to €647,215
Equity and liabilities
- Profit (loss) carried forward +€193,575
up €193,575 (+4.6%), from €4.2m to €4.4m
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€265,430
Other operating items
-€1,255
Financial income
-€89,096
Financial charges
+€5,305
Taxes
+€23,379
Result 2026
€203,764
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
€0
Investment
€0
Financing
€0
Cash 2025
€0
From operations (derived)
€0
Net result for the year
+€203,764
Receivables after one year
+€1,300
Receivables within one year
-€118,819
Trade debts
-€734
Tax, wage and social debts
-€85,510
Cash 2026
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,616,958 | €11,734,478 | +€117,519 | +1.0% |
| Fixed assets | 21/28 | €11,086,863 | €11,086,863 | = | 0.0% |
| Tangible fixed assets | 22/27 | €708,400 | €708,400 | = | 0.0% |
| Other tangible fixed assets | 26 | €708,400 | €708,400 | = | 0.0% |
| Financial fixed assets | 28 | €10,378,463 | €10,378,463 | = | 0.0% |
| Affiliated companies | 280/1 | €10,378,463 | €10,378,463 | = | 0.0% |
| Amounts receivable | 281 | €10,378,463 | €10,378,463 | = | 0.0% |
| Current assets | 29/58 | €530,095 | €647,614 | +€117,519 | +22.2% |
| Amounts receivable after more than one year | 29 | €1,300 | - | -€1,300 | |
| Trade receivables | 290 | €1,300 | - | -€1,300 | |
| Amounts receivable within one year | 40/41 | €528,395 | €647,215 | +€118,819 | +22.5% |
| Other amounts receivable | 41 | €528,395 | €647,215 | +€118,819 | +22.5% |
| Current investments | 50/53 | €400 | €400 | = | 0.0% |
| Other investments | 51/53 | €400 | €400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €11,616,958 | €11,734,478 | +€117,519 | +1.0% |
| Equity | 10/15 | €11,516,258 | €11,720,022 | +€203,764 | +1.8% |
| Contributions | 10/11 | €7,095,000 | €7,095,000 | = | 0.0% |
| Capital | 10 | €7,095,000 | €7,095,000 | = | 0.0% |
| Issued capital | 100 | €7,095,000 | €7,095,000 | = | 0.0% |
| Reserves | 13 | €244,510 | €254,698 | +€10,188 | +4.2% |
| Non-distributable reserves | 130/1 | €244,510 | €254,698 | +€10,188 | +4.2% |
| Legal reserve | 130 | €244,510 | €254,698 | +€10,188 | +4.2% |
| Profit (loss) carried forward | 14 | €4,176,748 | €4,370,324 | +€193,575 | +4.6% |
| Amounts payable | 17/49 | €100,700 | €14,456 | -€86,244 | -85.6% |
| Amounts payable within one year | 42/48 | €100,700 | €14,456 | -€86,244 | -85.6% |
| Trade debts | 44 | €4,002 | €3,268 | -€734 | -18.3% |
| Suppliers | 440/4 | €4,002 | €3,268 | -€734 | -18.3% |
| Taxes, remuneration and social security | 45 | €96,698 | €11,188 | -€85,510 | -88.4% |
| Taxes | 450/3 | €96,698 | €11,188 | -€85,510 | -88.4% |
| Operating charges | 60/66A | €6,145 | €7,400 | +€1,255 | +20.4% |
| Services and other goods | 61 | €6,145 | €7,400 | +€1,255 | +20.4% |
| Operating profit (loss) | 9901 | -€6,145 | -€7,400 | -€1,255 | -20.4% |
| Financial income | 75/76B | €373,634 | €284,538 | -€89,096 | -23.8% |
| Recurring financial income | 75 | €373,634 | €284,538 | -€89,096 | -23.8% |
| Income from financial fixed assets | 750 | €373,634 | €284,538 | -€89,096 | -23.8% |
| Financial charges | 65/66B | €5,566 | €260 | -€5,305 | -95.3% |
| Recurring financial charges | 65 | €5,566 | €260 | -€5,305 | -95.3% |
| Debt charges | 650 | €4,584 | €3 | -€4,582 | -99.9% |
| Other financial charges | 652/9 | €981 | €257 | -€724 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €361,924 | €276,878 | -€85,046 | -23.5% |
| Income taxes | 67/77 | €96,493 | €73,114 | -€23,379 | -24.2% |
| Taxes | 670/3 | €96,493 | €73,114 | -€23,379 | -24.2% |
| Profit (loss) for the period | 9904 | €265,430 | €203,764 | -€61,667 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €265,430 | €203,764 | -€61,667 | -23.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.