IMANO: 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.
What changed
IMANO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€113,218
2024 · -€21,491+€134,709
Equity
€1.8m
2024 · €1.7m+€113,218
Cash
€29,888
2024 · €17,578+€12,310
Balance sheet total
€8.1m
2024 · €7.8m+€271,822
Largest movements
Assets
- Receivables after one year +€100,000
new in 2025: €100,000
- Financial fixed assets +€89,868
up €89,868 (+99.9%), from €89,932 to €179,800
Equity and liabilities
- Current portion of long-term debt -€125,000
down €125,000 (-11.4%), from €1.1m to €975,000
- Profit (loss) carried forward +€113,218
up €113,218 (+79.7%), from €142,079 to €255,297
- Debts after one year +€100,000
up €100,000 (+2.6%), from €3.9m to €4.0m
of which Other amounts payable: +€100,000
Income statement
- Gross operating margin +€196,239
up €196,239 (+999.2%), from €19,640 to €215,879
- Depreciation +€48,254
up €48,254 (+636.9%), from €7,577 to €55,831
- Taxes +€33,748
up €33,748 (+24188.9%), from €140 to €33,888
- Other operating charges -€14,761
down €14,761 (-57.6%), from €25,611 to €10,850
- Financial charges -€5,453
down €5,453 (-33.8%), from €16,149 to €10,696
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.
Result 2024
-€21,491
Gross operating margin
+€196,239
Depreciation
-€48,254
Other operating charges
+€14,761
Financial income
+€259
Financial charges
+€5,453
Taxes
-€33,748
Result 2025
€113,218
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.
From operations
+€100,966
Investment
-€135,168
Financing
+€46,512
Cash 2024
€17,578
From operations (derived)
+€100,966
Net result for the year
+€113,218
Depreciation
+€55,831
Receivables after one year
-€100,000
Stocks and contracts
-€22,763
Receivables within one year
-€61,263
Deferred charges and accrued income
+€3,851
Trade debts
+€61,494
Tax, wage and social debts
+€55,284
Other debts
-€6,627
Accrued charges and deferred income
+€1,941
Investment (derived)
-€135,168
Investment in fixed assets (net)
-€135,168
Financing
+€46,512
Debts after one year
+€100,000
Current portion of long-term debt
-€125,000
Short-term financial debts
+€71,512
Cash 2025
€29,888
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,826,973 | €8,098,795 | +€271,822 | +3.5% |
| Fixed assets | 21/28 | €1,282,182 | €1,361,520 | +€79,337 | +6.2% |
| Tangible fixed assets | 22/27 | €1,192,250 | €1,181,720 | -€10,530 | -0.9% |
| Land and buildings | 22 | €1,162,778 | €1,151,663 | -€11,115 | -1.0% |
| Furniture and vehicles | 24 | €23,575 | €25,219 | +€1,645 | +7.0% |
| Other tangible fixed assets | 26 | €5,897 | €4,837 | -€1,060 | -18.0% |
| Financial fixed assets | 28 | €89,932 | €179,800 | +€89,868 | +99.9% |
| Current assets | 29/58 | €6,544,790 | €6,737,275 | +€192,485 | +2.9% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €6,427,311 | €6,450,074 | +€22,763 | +0.4% |
| Stocks | 30/36 | €6,427,311 | €6,450,074 | +€22,763 | +0.4% |
| Amounts receivable within one year | 40/41 | €70,750 | €132,014 | +€61,263 | +86.6% |
| Trade receivables | 40 | €13,480 | €131,877 | +€118,398 | +878.3% |
| Other amounts receivable | 41 | €57,271 | €136 | -€57,135 | -99.8% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,578 | €29,888 | +€12,310 | +70.0% |
| Deferred charges and accrued income | 490/1 | €24,151 | €20,300 | -€3,851 | -15.9% |
| Total equity and liabilities | 10/49 | €7,826,973 | €8,098,795 | +€271,822 | +3.5% |
| Equity | 10/15 | €1,717,079 | €1,830,297 | +€113,218 | +6.6% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €325,000 | €325,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €325,000 | €325,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €325,000 | €325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,079 | €255,297 | +€113,218 | +79.7% |
| Amounts payable | 17/49 | €6,109,894 | €6,268,498 | +€158,604 | +2.6% |
| Amounts payable after more than one year | 17 | €3,850,000 | €3,950,000 | +€100,000 | +2.6% |
| Financial debts | 170/4 | €3,850,000 | €3,850,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €2,238,761 | €2,295,424 | +€56,663 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €1,100,000 | €975,000 | -€125,000 | -11.4% |
| Financial debts | 43 | €462,794 | €534,306 | +€71,512 | +15.5% |
| Credit institutions | 430/8 | €462,794 | €534,306 | +€71,512 | +15.5% |
| Trade debts | 44 | €559,123 | €620,617 | +€61,494 | +11.0% |
| Suppliers | 440/4 | €559,123 | €620,617 | +€61,494 | +11.0% |
| Taxes, remuneration and social security | 45 | - | €55,284 | +€55,284 | |
| Taxes | 450/3 | - | €52,085 | +€52,085 | |
| Remuneration and social security | 454/9 | - | €3,199 | +€3,199 | |
| Other amounts payable | 47/48 | €116,844 | €110,218 | -€6,627 | -5.7% |
| Accrued charges and deferred income | 492/3 | €21,133 | €23,075 | +€1,941 | +9.2% |
| Non-recurring operating income | 76A | €42,279 | - | -€42,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,577 | €55,831 | +€48,254 | +636.9% |
| Other operating charges | 640/8 | €25,611 | €10,850 | -€14,761 | -57.6% |
| Gross operating margin | 9900 | €19,640 | €215,879 | +€196,239 | +999.2% |
| Operating profit (loss) | 9901 | -€13,548 | €149,198 | +€162,746 | |
| Financial income | 75/76B | €8,345 | €8,603 | +€259 | +3.1% |
| Recurring financial income | 75 | €8,345 | €8,603 | +€259 | +3.1% |
| Financial charges | 65/66B | €16,149 | €10,696 | -€5,453 | -33.8% |
| Recurring financial charges | 65 | €16,149 | €10,696 | -€5,453 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,352 | €147,106 | +€168,458 | |
| Income taxes | 67/77 | €140 | €33,888 | +€33,748 | +24188.9% |
| Profit (loss) for the period | 9904 | -€21,491 | €113,218 | +€134,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,491 | €113,218 | +€134,709 |
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 4 October 2026 via checked.be.