GB.IMBO: 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.
GB.IMBO
Largest movements
- Cash +€56,073
up €56,073 (+34.8%), from €160,931 to €217,004
mainly Net result for the year (+€105,681) and Receivables after one year (+€52,720)
- Receivables after one year -€52,720
down €52,720 (-72.5%), from €72,720 to €20,000
- Tangible fixed assets +€16,872
up €16,872 (+17.9%), from €94,199 to €111,071
of which Land and buildings: +€13,813
- Reserves +€56,448
up €56,448 (+12.0%), from €468,923 to €525,371
- Current portion of long-term debt -€21,139
down €21,139 (-100%), from €21,139 to €0
- Other debts -€21,053
down €21,053 (-71.4%), from €29,487 to €8,434
- Tax, wage and social debts +€10,131
up €10,131 (+27.0%), from €37,573 to €47,705
- Gross operating margin -€27,302
down €27,302 (-14.8%), from €185,094 to €157,792
- Taxes -€9,829
down €9,829 (-17.9%), from €55,038 to €45,210
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 | €582,744 | €601,922 | +€19,178 | +3.3% |
| Fixed assets | 21/28 | €94,344 | €111,216 | +€16,872 | +17.9% |
| Tangible fixed assets | 22/27 | €94,199 | €111,071 | +€16,872 | +17.9% |
| Land and buildings | 22 | €92,229 | €106,041 | +€13,813 | +15.0% |
| Furniture and vehicles | 24 | €1,970 | €5,029 | +€3,059 | +155% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €488,400 | €490,707 | +€2,306 | +0.5% |
| Amounts receivable after more than one year | 29 | €72,720 | €20,000 | -€52,720 | -72.5% |
| Other amounts receivable | 291 | €72,720 | €20,000 | -€52,720 | -72.5% |
| Amounts receivable within one year | 40/41 | €201,996 | €202,310 | +€314 | +0.2% |
| Trade receivables | 40 | €201,156 | €202,310 | +€1,154 | +0.6% |
| Other amounts receivable | 41 | €840 | €0 | -€840 | -100% |
| Current investments | 50/53 | €49,250 | €49,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,931 | €217,004 | +€56,073 | +34.8% |
| Deferred charges and accrued income | 490/1 | €3,504 | €2,143 | -€1,361 | -38.8% |
| Total equity and liabilities | 10/49 | €582,744 | €601,922 | +€19,178 | +3.3% |
| Equity | 10/15 | €481,323 | €537,771 | +€56,448 | +11.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €468,923 | €525,371 | +€56,448 | +12.0% |
| Distributable reserves | 133 | €468,923 | €525,371 | +€56,448 | +12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €101,421 | €64,152 | -€37,269 | -36.7% |
| Amounts payable within one year | 42/48 | €96,500 | €59,918 | -€36,582 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €21,139 | €0 | -€21,139 | -100% |
| Trade debts | 44 | €8,301 | €3,780 | -€4,521 | -54.5% |
| Suppliers | 440/4 | €8,301 | €3,780 | -€4,521 | -54.5% |
| Taxes, remuneration and social security | 45 | €37,573 | €47,705 | +€10,131 | +27.0% |
| Taxes | 450/3 | €37,573 | €47,705 | +€10,131 | +27.0% |
| Other amounts payable | 47/48 | €29,487 | €8,434 | -€21,053 | -71.4% |
| Accrued charges and deferred income | 492/3 | €4,921 | €4,233 | -€688 | -14.0% |
| Non-recurring operating income | 76A | €5,176 | - | -€5,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,551 | €5,135 | +€584 | +12.8% |
| Other operating charges | 640/8 | €1,816 | €864 | -€952 | -52.4% |
| Gross operating margin | 9900 | €185,094 | €157,792 | -€27,302 | -14.8% |
| Operating profit (loss) | 9901 | €178,727 | €151,793 | -€26,934 | -15.1% |
| Financial income | 75/76B | €1,007 | €841 | -€166 | -16.5% |
| Recurring financial income | 75 | €1,007 | €841 | -€166 | -16.5% |
| Financial charges | 65/66B | €3,233 | €1,743 | -€1,490 | -46.1% |
| Recurring financial charges | 65 | €3,233 | €1,743 | -€1,490 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €176,500 | €150,891 | -€25,609 | -14.5% |
| Income taxes | 67/77 | €55,038 | €45,210 | -€9,829 | -17.9% |
| Profit (loss) for the period | 9904 | €121,462 | €105,681 | -€15,780 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,462 | €105,681 | -€15,780 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.