G IMO CONCEPT: 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.
G IMO CONCEPT
Largest movements
- Tangible fixed assets +€113,876
up €113,876 (+15.5%), from €732,908 to €846,784
of which Other tangible fixed assets: +€132,500
- Cash +€100,048
up €100,048 (+3574.4%), from €2,799 to €102,847
mainly Other debts (+€129,788) and Debts after one year (+€85,984)
- Other debts +€129,788
up €129,788 (+215.2%), from €60,310 to €190,098
- Debts after one year +€85,984
up €85,984 (+12.9%), from €666,488 to €752,472
- Financial charges -€2,127
down €2,127 (-8.8%), from €24,065 to €21,938
- Other operating charges +€2,116
up €2,116 (+359.2%), from €589 to €2,705
- Depreciation -€767
down €767 (-4.0%), from €19,392 to €18,625
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 | €764,469 | €985,281 | +€220,812 | +28.9% |
| Fixed assets | 21/28 | €732,908 | €846,784 | +€113,876 | +15.5% |
| Tangible fixed assets | 22/27 | €732,908 | €846,784 | +€113,876 | +15.5% |
| Land and buildings | 22 | €732,908 | €714,284 | -€18,624 | -2.5% |
| Other tangible fixed assets | 26 | - | €132,500 | +€132,500 | |
| Current assets | 29/58 | €31,561 | €138,497 | +€106,936 | +338.8% |
| Amounts receivable within one year | 40/41 | €28,572 | €35,502 | +€6,930 | +24.3% |
| Trade receivables | 40 | €453 | €7,383 | +€6,930 | +1529.7% |
| Other amounts receivable | 41 | €28,119 | €28,119 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,799 | €102,847 | +€100,048 | +3574.4% |
| Deferred charges and accrued income | 490/1 | €190 | €148 | -€42 | -22.1% |
| Total equity and liabilities | 10/49 | €764,469 | €985,281 | +€220,812 | +28.9% |
| Equity | 10/15 | -€5,035 | -€533 | +€4,502 | +89.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,435 | -€12,933 | +€4,502 | +25.8% |
| Amounts payable | 17/49 | €769,504 | €985,814 | +€216,310 | +28.1% |
| Amounts payable after more than one year | 17 | €666,488 | €752,472 | +€85,984 | +12.9% |
| Financial debts | 170/4 | €666,488 | €752,472 | +€85,984 | +12.9% |
| Amounts payable within one year | 42/48 | €102,814 | €232,341 | +€129,527 | +126.0% |
| Current portion of amounts payable after more than one year | 42 | €35,810 | €39,015 | +€3,205 | +9.0% |
| Financial debts | 43 | €5 | €0 | -€5 | -97.8% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -97.8% |
| Trade debts | 44 | €3,595 | €1,687 | -€1,908 | -53.1% |
| Suppliers | 440/4 | €3,595 | €1,687 | -€1,908 | -53.1% |
| Taxes, remuneration and social security | 45 | €3,094 | €1,541 | -€1,553 | -50.2% |
| Taxes | 450/3 | €3,094 | €1,541 | -€1,553 | -50.2% |
| Other amounts payable | 47/48 | €60,310 | €190,098 | +€129,788 | +215.2% |
| Accrued charges and deferred income | 492/3 | €202 | €1,000 | +€798 | +395.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,392 | €18,625 | -€767 | -4.0% |
| Other operating charges | 640/8 | €589 | €2,705 | +€2,116 | +359.2% |
| Gross operating margin | 9900 | €48,144 | €47,770 | -€374 | -0.8% |
| Operating profit (loss) | 9901 | €28,163 | €26,440 | -€1,723 | -6.1% |
| Financial charges | 65/66B | €24,065 | €21,938 | -€2,127 | -8.8% |
| Recurring financial charges | 65 | €24,065 | €21,938 | -€2,127 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €4,098 | €4,502 | +€404 | +9.9% |
| Profit (loss) for the period | 9904 | €4,098 | €4,502 | +€404 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,098 | €4,502 | +€404 | +9.9% |
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.