IMAVEL: 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.
IMAVEL
Largest movements
- Receivables after one year +€10,000
up €10,000 (+17.2%), from €58,051 to €68,051
- Tangible fixed assets -€9,201
down €9,201 (-2.3%), from €393,652 to €384,451
of which Land and buildings: -€13,105
- Reserves +€10,191
up €10,191 (+24.5%), from €41,558 to €51,749
- Depreciation -€2,409
down €2,409 (-13.8%), from €17,510 to €15,101
- Taxes +€2,095
up €2,095 (+90.6%), from €2,312 to €4,407
- Gross operating margin +€869
up €869 (+2.9%), from €29,909 to €30,778
- Financial income +€698
up €698 (+71.6%), from €975 to €1,673
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,637 | €465,013 | +€8,376 | +1.8% |
| Fixed assets | 21/28 | €393,652 | €384,451 | -€9,201 | -2.3% |
| Tangible fixed assets | 22/27 | €393,652 | €384,451 | -€9,201 | -2.3% |
| Land and buildings | 22 | €349,094 | €335,989 | -€13,105 | -3.8% |
| Plant, machinery and equipment | 23 | €3,234 | €7,137 | +€3,903 | +120.7% |
| Other tangible fixed assets | 26 | €41,325 | €41,325 | = | 0.0% |
| Current assets | 29/58 | €62,984 | €80,562 | +€17,578 | +27.9% |
| Amounts receivable after more than one year | 29 | €58,051 | €68,051 | +€10,000 | +17.2% |
| Other amounts receivable | 291 | €58,051 | €68,051 | +€10,000 | +17.2% |
| Amounts receivable within one year | 40/41 | €0 | €3,475 | +€3,475 | |
| Trade receivables | 40 | €0 | €3,475 | +€3,475 | |
| Cash at bank and in hand | 54/58 | €2,985 | €6,652 | +€3,666 | +122.8% |
| Deferred charges and accrued income | 490/1 | €1,948 | €2,385 | +€436 | +22.4% |
| Total equity and liabilities | 10/49 | €456,637 | €465,013 | +€8,376 | +1.8% |
| Equity | 10/15 | €426,012 | €435,264 | +€9,252 | +2.2% |
| Contributions | 10/11 | €384,454 | €383,515 | -€940 | -0.2% |
| Reserves | 13 | €41,558 | €51,749 | +€10,191 | +24.5% |
| Distributable reserves | 133 | €41,558 | €51,749 | +€10,191 | +24.5% |
| Provisions and deferred taxes | 16 | €25,189 | €24,109 | -€1,080 | -4.3% |
| Deferred taxes | 168 | €25,189 | €24,109 | -€1,080 | -4.3% |
| Amounts payable | 17/49 | €5,435 | €5,639 | +€204 | +3.8% |
| Amounts payable within one year | 42/48 | €4,240 | €4,406 | +€166 | +3.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,312 | €4,406 | +€3,094 | +235.8% |
| Taxes | 450/3 | €1,312 | €4,406 | +€3,094 | +235.8% |
| Other amounts payable | 47/48 | €2,928 | €0 | -€2,928 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,195 | €1,234 | +€39 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,510 | €15,101 | -€2,409 | -13.8% |
| Other operating charges | 640/8 | €4,406 | €4,591 | +€185 | +4.2% |
| Gross operating margin | 9900 | €29,909 | €30,778 | +€869 | +2.9% |
| Operating profit (loss) | 9901 | €7,993 | €11,086 | +€3,093 | +38.7% |
| Financial income | 75/76B | €975 | €1,673 | +€698 | +71.6% |
| Recurring financial income | 75 | €975 | €1,673 | +€698 | +71.6% |
| Financial charges | 65/66B | €90 | €180 | +€90 | +100.0% |
| Recurring financial charges | 65 | €90 | €180 | +€90 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €8,878 | €12,579 | +€3,700 | +41.7% |
| Transfer from deferred taxes | 780 | €1,080 | €1,080 | = | 0.0% |
| Income taxes | 67/77 | €2,312 | €4,407 | +€2,095 | +90.6% |
| Profit (loss) for the period | 9904 | €7,646 | €9,252 | +€1,606 | +21.0% |
| Transfer from tax-exempt reserves | 789 | €940 | €940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,586 | €10,191 | +€1,606 | +18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.