IMABO: 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.
IMABO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+472.9%), from €288,913 to €1.7m
of which Land and buildings: +€1.4m
- Receivables within one year +€57,432
up €57,432, from €0 to €57,432
of which Other amounts receivable: +€50,000
- Cash -€50,018
down €50,018 (-99.3%), from €50,394 to €376
mainly Investment in fixed assets (net) (-€1.4m) and Receivables within one year (-€57,432)
- Revaluation surpluses +€1.4m
new in 2025: €1.4m
- Reserves +€24,946
up €24,946 (+13.2%), from €189,170 to €214,116
- Gross operating margin -€17,878
down €17,878 (-18.8%), from €95,306 to €77,428
- Taxes -€6,038
down €6,038 (-39.2%), from €15,423 to €9,385
- Depreciation +€3,937
up €3,937 (+12.4%), from €31,765 to €35,701
- Financial charges -€2,828
down €2,828 (-65.9%), from €4,295 to €1,467
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 | €339,307 | €1,715,164 | +€1.4m | +405.5% |
| Fixed assets | 21/28 | €288,913 | €1,655,283 | +€1.4m | +472.9% |
| Tangible fixed assets | 22/27 | €288,913 | €1,655,283 | +€1.4m | +472.9% |
| Land and buildings | 22 | €271,926 | €1,643,164 | +€1.4m | +504.3% |
| Plant, machinery and equipment | 23 | €8,639 | €6,291 | -€2,348 | -27.2% |
| Furniture and vehicles | 24 | €8,348 | €5,828 | -€2,520 | -30.2% |
| Current assets | 29/58 | €50,394 | €59,881 | +€9,487 | +18.8% |
| Amounts receivable within one year | 40/41 | €0 | €57,432 | +€57,432 | |
| Trade receivables | 40 | €0 | €7,432 | +€7,432 | |
| Other amounts receivable | 41 | €0 | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €50,394 | €376 | -€50,018 | -99.3% |
| Deferred charges and accrued income | 490/1 | - | €2,073 | +€2,073 | |
| Total equity and liabilities | 10/49 | €339,307 | €1,715,164 | +€1.4m | +405.5% |
| Equity | 10/15 | €207,770 | €1,607,716 | +€1.4m | +673.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,375,000 | +€1.4m | |
| Reserves | 13 | €189,170 | €214,116 | +€24,946 | +13.2% |
| Distributable reserves | 133 | €189,170 | €214,116 | +€24,946 | +13.2% |
| Amounts payable | 17/49 | €131,537 | €107,448 | -€24,089 | -18.3% |
| Amounts payable after more than one year | 17 | €90,647 | €73,584 | -€17,063 | -18.8% |
| Financial debts | 170/4 | €90,647 | €73,584 | -€17,063 | -18.8% |
| Amounts payable within one year | 42/48 | €40,890 | €33,863 | -€7,027 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €16,838 | €17,063 | +€225 | +1.3% |
| Trade debts | 44 | €0 | €2,537 | +€2,537 | |
| Suppliers | 440/4 | €0 | €2,537 | +€2,537 | |
| Taxes, remuneration and social security | 45 | €20,178 | €14,263 | -€5,914 | -29.3% |
| Taxes | 450/3 | €20,178 | €14,263 | -€5,914 | -29.3% |
| Other amounts payable | 47/48 | €3,874 | €0 | -€3,874 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,765 | €35,701 | +€3,937 | +12.4% |
| Other operating charges | 640/8 | €6,072 | €5,929 | -€143 | -2.4% |
| Gross operating margin | 9900 | €95,306 | €77,428 | -€17,878 | -18.8% |
| Operating profit (loss) | 9901 | €57,469 | €35,798 | -€21,672 | -37.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €4,295 | €1,467 | -€2,828 | -65.9% |
| Recurring financial charges | 65 | €4,295 | €1,467 | -€2,828 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €53,177 | €34,331 | -€18,846 | -35.4% |
| Income taxes | 67/77 | €15,423 | €9,385 | -€6,038 | -39.2% |
| Profit (loss) for the period | 9904 | €37,753 | €24,946 | -€12,807 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,753 | €24,946 | -€12,807 | -33.9% |
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 12 October 2026 via checked.be.