IMASBO: 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
IMASBO
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€174,427
2024 · €232,063-€57,636
Equity
€3.0m
2024 · €2.8m+€174,427
Cash
€246,365
2024 · €241,692+€4,672
Balance sheet total
€3.1m
2024 · €3.0m+€162,877
Largest movements
Assets
- Current investments +€150,000
new in 2025: €150,000
Equity and liabilities
- Reserves +€174,427
up €174,427 (+6.2%), from €2.8m to €3.0m
Income statement
- Staff costs +€49,769
up €49,769 (+27.3%), from €182,295 to €232,064
- Other operating charges +€37,548
up €37,548 (+338.8%), from €11,082 to €48,630
- Gross operating margin +€14,995
up €14,995 (+2.6%), from €571,254 to €586,249
- Taxes -€13,721
down €13,721 (-12.9%), from €106,656 to €92,935
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
€232,063
Gross operating margin
+€14,995
Staff costs
-€49,769
Depreciation
+€369
Other operating charges
-€37,548
Financial income
+€567
Financial charges
+€28
Taxes
+€13,721
Result 2025
€174,427
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
+€177,103
Investment
-€172,430
Financing
€0
Cash 2024
€241,692
From operations (derived)
+€177,103
Net result for the year
+€174,427
Depreciation
+€37,003
Receivables within one year
-€22,777
Trade debts
-€2,744
Tax, wage and social debts
-€6,270
Other debts
+€1,064
Accrued charges and deferred income
-€3,600
Investment (derived)
-€172,430
Investment in fixed assets (net)
-€22,430
Current investments
-€150,000
Cash 2025
€246,365
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,971,087 | €3,133,963 | +€162,877 | +5.5% |
| Fixed assets | 21/28 | €2,323,325 | €2,308,753 | -€14,573 | -0.6% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €2,320,325 | €2,306,753 | -€13,573 | -0.6% |
| Land and buildings | 22 | €2,253,978 | €2,256,530 | +€2,552 | +0.1% |
| Furniture and vehicles | 24 | €66,347 | €50,223 | -€16,124 | -24.3% |
| Current assets | 29/58 | €647,761 | €825,211 | +€177,449 | +27.4% |
| Stocks and contracts in progress | 3 | €350,000 | €350,000 | = | 0.0% |
| Stocks | 30/36 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,069 | €78,846 | +€22,777 | +40.6% |
| Trade receivables | 40 | €47,116 | €52,668 | +€5,552 | +11.8% |
| Other amounts receivable | 41 | €8,953 | €26,178 | +€17,224 | +192.4% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €241,692 | €246,365 | +€4,672 | +1.9% |
| Total equity and liabilities | 10/49 | €2,971,087 | €3,133,963 | +€162,877 | +5.5% |
| Equity | 10/15 | €2,843,095 | €3,017,522 | +€174,427 | +6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,824,503 | €2,998,930 | +€174,427 | +6.2% |
| Distributable reserves | 133 | €2,824,503 | €2,998,930 | +€174,427 | +6.2% |
| Amounts payable | 17/49 | €127,991 | €116,441 | -€11,551 | -9.0% |
| Amounts payable after more than one year | 17 | €56,277 | €56,277 | = | 0.0% |
| Other amounts payable | 178/9 | €56,277 | €56,277 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,215 | €59,264 | -€7,951 | -11.8% |
| Trade debts | 44 | €25,812 | €23,068 | -€2,744 | -10.6% |
| Suppliers | 440/4 | €25,812 | €23,068 | -€2,744 | -10.6% |
| Taxes, remuneration and social security | 45 | €23,713 | €17,443 | -€6,270 | -26.4% |
| Taxes | 450/3 | €23,713 | €17,443 | -€6,270 | -26.4% |
| Other amounts payable | 47/48 | €17,690 | €18,754 | +€1,064 | +6.0% |
| Accrued charges and deferred income | 492/3 | €4,500 | €900 | -€3,600 | -80.0% |
| Remuneration, social security and pensions | 62 | €182,295 | €232,064 | +€49,769 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,372 | €37,003 | -€369 | -1.0% |
| Other operating charges | 640/8 | €11,082 | €48,630 | +€37,548 | +338.8% |
| Gross operating margin | 9900 | €571,254 | €586,249 | +€14,995 | +2.6% |
| Operating profit (loss) | 9901 | €340,504 | €268,552 | -€71,952 | -21.1% |
| Financial income | 75/76B | - | €567 | +€567 | |
| Recurring financial income | 75 | - | €567 | +€567 | |
| Financial charges | 65/66B | €1,785 | €1,757 | -€28 | -1.5% |
| Recurring financial charges | 65 | €1,785 | €1,757 | -€28 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €338,719 | €267,362 | -€71,357 | -21.1% |
| Income taxes | 67/77 | €106,656 | €92,935 | -€13,721 | -12.9% |
| Profit (loss) for the period | 9904 | €232,063 | €174,427 | -€57,636 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €232,063 | €174,427 | -€57,636 | -24.8% |
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 7 October 2026 via checked.be.