Imabel: 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.
Imabel
Largest movements
- Cash -€203,388
down €203,388 (-9.3%), from €2.2m to €2.0m
mainly Tax, wage and social debts (-€316,696) and Accrued charges and deferred income (-€1,305)
- Tax, wage and social debts -€316,696
down €316,696 (-85.7%), from €369,671 to €52,975
- Reserves +€94,409
up €94,409 (+4.2%), from €2.3m to €2.4m
of which Distributable reserves: +€94,409
- Gross operating margin +€44,669
up €44,669 (+44.7%), from €99,922 to €144,591
- Purchases and services +€41,087
new in 2025: €41,087
- Turnover +€30,000
new in 2025: €30,000
- Taxes +€14,655
up €14,655 (+45.0%), from €32,591 to €47,247
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 | €2,437,181 | €2,214,374 | -€222,807 | -9.1% |
| Fixed assets | 21/28 | €6,567 | €937 | -€5,630 | -85.7% |
| Tangible fixed assets | 22/27 | €6,567 | €937 | -€5,630 | -85.7% |
| Land and buildings | 22 | €5,404 | €0 | -€5,404 | -100.0% |
| Plant, machinery and equipment | 23 | €1,163 | €937 | -€226 | -19.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,430,614 | €2,213,437 | -€217,177 | -8.9% |
| Stocks and contracts in progress | 3 | €220,873 | €216,742 | -€4,131 | -1.9% |
| Stocks | 30/36 | €220,873 | €216,742 | -€4,131 | -1.9% |
| Amounts receivable within one year | 40/41 | €25,607 | €16,364 | -€9,243 | -36.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €25,607 | €16,364 | -€9,243 | -36.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,182,273 | €1,978,885 | -€203,388 | -9.3% |
| Deferred charges and accrued income | 490/1 | €1,861 | €1,446 | -€415 | -22.3% |
| Total equity and liabilities | 10/49 | €2,437,181 | €2,214,374 | -€222,807 | -9.1% |
| Equity | 10/15 | €2,065,779 | €2,160,187 | +€94,409 | +4.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,258,511 | €2,352,920 | +€94,409 | +4.2% |
| Non-distributable reserves | 130/1 | €1,098 | €1,098 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,098 | - | -€1,098 | |
| Own shares acquired | 1312 | - | €1,098 | +€1,098 | |
| Distributable reserves | 133 | €2,257,413 | €2,351,821 | +€94,409 | +4.2% |
| Profit (loss) carried forward | 14 | -€217,732 | -€217,732 | = | 0.0% |
| Amounts payable | 17/49 | €371,402 | €54,187 | -€317,216 | -85.4% |
| Amounts payable within one year | 42/48 | €370,098 | €54,187 | -€315,911 | -85.4% |
| Trade debts | 44 | €427 | €1,073 | +€646 | +151.2% |
| Suppliers | 440/4 | €427 | €1,073 | +€646 | +151.2% |
| Taxes, remuneration and social security | 45 | €369,671 | €52,975 | -€316,696 | -85.7% |
| Taxes | 450/3 | €369,671 | €52,975 | -€316,696 | -85.7% |
| Other amounts payable | 47/48 | - | €139 | +€139 | |
| Accrued charges and deferred income | 492/3 | €1,305 | €0 | -€1,305 | -100.0% |
| Turnover | 70 | - | €30,000 | +€30,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €41,087 | +€41,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €226 | = | 0.0% |
| Other operating charges | 640/8 | €3,408 | €2,606 | -€802 | -23.5% |
| Gross operating margin | 9900 | €99,922 | €144,591 | +€44,669 | +44.7% |
| Operating profit (loss) | 9901 | €96,288 | €141,758 | +€45,470 | +47.2% |
| Financial charges | 65/66B | €45 | €103 | +€58 | +129.6% |
| Recurring financial charges | 65 | €45 | €103 | +€58 | +129.6% |
| Profit (loss) for the period before taxes | 9903 | €96,243 | €141,655 | +€45,412 | +47.2% |
| Income taxes | 67/77 | €32,591 | €47,247 | +€14,655 | +45.0% |
| Profit (loss) for the period | 9904 | €63,652 | €94,409 | +€30,757 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,652 | €94,409 | +€30,757 | +48.3% |
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 29 September 2026 via checked.be.