IMBAVER: 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.
IMBAVER
Largest movements
- Tangible fixed assets -€39,969
down €39,969 (-6.9%), from €581,099 to €541,130
of which Land and buildings: -€38,684
- Receivables within one year +€36,046
up €36,046 (+23.6%), from €152,517 to €188,563
- Other debts +€175,519
up €175,519 (+1620.9%), from €10,829 to €186,348
- Reserves -€160,210
down €160,210 (-98.3%), from €162,950 to €2,740
of which Distributable reserves: -€160,210
- Current portion of long-term debt -€23,818
down €23,818 (-54.3%), from €43,877 to €20,059
- Other operating charges -€56,774
down €56,774 (-94.0%), from €60,376 to €3,601
- Gross operating margin +€16,044
up €16,044 (+23.6%), from €67,990 to €84,034
- Depreciation +€15,666
up €15,666 (+64.5%), from €24,303 to €39,969
- Financial charges +€15,616
up €15,616 (+1354.1%), from €1,153 to €16,769
- Taxes +€6,772
up €6,772 (+3700.8%), from €183 to €6,955
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 | €734,005 | €730,058 | -€3,947 | -0.5% |
| Fixed assets | 21/28 | €581,099 | €541,130 | -€39,969 | -6.9% |
| Tangible fixed assets | 22/27 | €581,099 | €541,130 | -€39,969 | -6.9% |
| Land and buildings | 22 | €572,852 | €534,168 | -€38,684 | -6.8% |
| Plant, machinery and equipment | 23 | €8,247 | €6,962 | -€1,285 | -15.6% |
| Current assets | 29/58 | €152,906 | €188,928 | +€36,022 | +23.6% |
| Amounts receivable within one year | 40/41 | €152,517 | €188,563 | +€36,046 | +23.6% |
| Other amounts receivable | 41 | €152,517 | €188,563 | +€36,046 | +23.6% |
| Cash at bank and in hand | 54/58 | €390 | €366 | -€24 | -6.1% |
| Total equity and liabilities | 10/49 | €734,005 | €730,058 | -€3,947 | -0.5% |
| Equity | 10/15 | €170,387 | €10,177 | -€160,210 | -94.0% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €162,950 | €2,740 | -€160,210 | -98.3% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €160,967 | €757 | -€160,210 | -99.5% |
| Amounts payable | 17/49 | €563,619 | €719,882 | +€156,263 | +27.7% |
| Amounts payable after more than one year | 17 | €504,547 | €504,125 | -€422 | -0.1% |
| Financial debts | 170/4 | €504,547 | €504,125 | -€422 | -0.1% |
| Amounts payable within one year | 42/48 | €55,347 | €213,457 | +€158,110 | +285.7% |
| Current portion of amounts payable after more than one year | 42 | €43,877 | €20,059 | -€23,818 | -54.3% |
| Trade debts | 44 | €458 | €95 | -€363 | -79.2% |
| Suppliers | 440/4 | €458 | €95 | -€363 | -79.2% |
| Taxes, remuneration and social security | 45 | €183 | €6,955 | +€6,772 | +3700.6% |
| Taxes | 450/3 | €183 | €6,955 | +€6,772 | +3700.6% |
| Other amounts payable | 47/48 | €10,829 | €186,348 | +€175,519 | +1620.9% |
| Accrued charges and deferred income | 492/3 | €3,725 | €2,300 | -€1,425 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,303 | €39,969 | +€15,666 | +64.5% |
| Other operating charges | 640/8 | €60,376 | €3,601 | -€56,774 | -94.0% |
| Gross operating margin | 9900 | €67,990 | €84,034 | +€16,044 | +23.6% |
| Operating profit (loss) | 9901 | -€16,689 | €40,464 | +€57,152 | |
| Financial income | 75/76B | €9,901 | €8,051 | -€1,850 | -18.7% |
| Recurring financial income | 75 | €9,901 | €8,051 | -€1,850 | -18.7% |
| Financial charges | 65/66B | €1,153 | €16,769 | +€15,616 | +1354.1% |
| Recurring financial charges | 65 | €1,153 | €16,769 | +€15,616 | +1354.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,941 | €31,745 | +€39,686 | |
| Income taxes | 67/77 | €183 | €6,955 | +€6,772 | +3700.8% |
| Profit (loss) for the period | 9904 | -€8,124 | €24,790 | +€32,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,124 | €24,790 | +€32,914 |
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 1 October 2026 via checked.be.