IMBEFRANCE: 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.
IMBEFRANCE
Largest movements
- Cash +€210,699
up €210,699 (+87.2%), from €241,727 to €452,426
mainly Depreciation (+€250,086) and Net result for the year (+€140,260)
- Tangible fixed assets -€204,581
down €204,581 (-4.7%), from €4.4m to €4.2m
of which Land and buildings: -€192,087
- Reserves +€140,260
up €140,260 (+3.7%), from €3.8m to €3.9m
of which Distributable reserves: +€162,680
- Debts after one year -€131,645
down €131,645 (-16.1%), from €818,394 to €686,749
of which Financial debts: -€131,645
- Taxes +€14,852
up €14,852 (+35.7%), from €41,602 to €56,455
- Depreciation -€9,251
down €9,251 (-3.6%), from €259,338 to €250,086
- Gross operating margin +€4,932
up €4,932 (+1.1%), from €439,336 to €444,268
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.
Derived cash bridge
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 | €5,112,210 | €5,106,478 | -€5,732 | -0.1% |
| Fixed assets | 21/28 | €4,377,896 | €4,173,315 | -€204,581 | -4.7% |
| Tangible fixed assets | 22/27 | €4,375,396 | €4,170,815 | -€204,581 | -4.7% |
| Land and buildings | 22 | €4,298,502 | €4,106,415 | -€192,087 | -4.5% |
| Plant, machinery and equipment | 23 | €54,860 | €47,452 | -€7,409 | -13.5% |
| Furniture and vehicles | 24 | €22,034 | €16,949 | -€5,085 | -23.1% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €734,315 | €933,163 | +€198,849 | +27.1% |
| Amounts receivable within one year | 40/41 | €492,587 | €480,737 | -€11,850 | -2.4% |
| Trade receivables | 40 | €29,040 | €29,289 | +€249 | +0.9% |
| Other amounts receivable | 41 | €463,547 | €451,448 | -€12,099 | -2.6% |
| Cash at bank and in hand | 54/58 | €241,727 | €452,426 | +€210,699 | +87.2% |
| Total equity and liabilities | 10/49 | €5,112,210 | €5,106,478 | -€5,732 | -0.1% |
| Equity | 10/15 | €3,995,991 | €4,136,251 | +€140,260 | +3.5% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €3,775,991 | €3,916,251 | +€140,260 | +3.7% |
| Tax-exempt reserves | 132 | €182,832 | €160,412 | -€22,420 | -12.3% |
| Distributable reserves | 133 | €3,593,159 | €3,755,839 | +€162,680 | +4.5% |
| Provisions and deferred taxes | 16 | €85,762 | €75,245 | -€10,517 | -12.3% |
| Deferred taxes | 168 | €85,762 | €75,245 | -€10,517 | -12.3% |
| Amounts payable | 17/49 | €1,030,458 | €894,982 | -€135,476 | -13.1% |
| Amounts payable after more than one year | 17 | €818,394 | €686,749 | -€131,645 | -16.1% |
| Financial debts | 170/4 | €691,346 | €559,701 | -€131,645 | -19.0% |
| Other amounts payable | 178/9 | €127,048 | €127,048 | = | 0.0% |
| Amounts payable within one year | 42/48 | €212,064 | €208,233 | -€3,831 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €150,192 | €131,645 | -€18,547 | -12.3% |
| Trade debts | 44 | €1,712 | €16,620 | +€14,908 | +871% |
| Suppliers | 440/4 | €1,712 | €16,620 | +€14,908 | +871% |
| Taxes, remuneration and social security | 45 | €23,568 | €22,628 | -€940 | -4.0% |
| Taxes | 450/3 | €23,568 | €22,628 | -€940 | -4.0% |
| Other amounts payable | 47/48 | €36,592 | €37,340 | +€748 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,338 | €250,086 | -€9,251 | -3.6% |
| Gross operating margin | 9900 | €439,336 | €444,268 | +€4,932 | +1.1% |
| Operating profit (loss) | 9901 | €179,999 | €194,182 | +€14,183 | +7.9% |
| Financial income | 75/76B | €122 | €1,217 | +€1,095 | +895% |
| Recurring financial income | 75 | €122 | €1,217 | +€1,095 | +895% |
| Financial charges | 65/66B | €9,843 | €9,200 | -€643 | -6.5% |
| Recurring financial charges | 65 | €9,843 | €9,200 | -€643 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €170,278 | €186,198 | +€15,921 | +9.3% |
| Transfer from deferred taxes | 780 | €10,517 | €10,517 | = | 0.0% |
| Income taxes | 67/77 | €41,602 | €56,455 | +€14,852 | +35.7% |
| Profit (loss) for the period | 9904 | €139,192 | €140,260 | +€1,068 | +0.8% |
| Transfer from tax-exempt reserves | 789 | €22,420 | €22,420 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,612 | €162,680 | +€1,068 | +0.7% |
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 19 October 2026 via checked.be.