IMBEL INDUSTRIES: 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.
What changed
IMBEL INDUSTRIES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€184,443
2024 · €132,970+€51,473
Equity
€1.4m
2024 · €1.3m+€184,443
Cash
€88,207
2024 · €57,905+€30,302
Balance sheet total
€2.2m
2024 · €2.1m+€86,264
Largest movements
Assets
- Current investments +€120,000
up €120,000, from €0 to €120,000
- Tangible fixed assets -€74,947
down €74,947 (-5.5%), from €1.4m to €1.3m
of which Land and buildings: -€70,396
- Cash +€30,302
up €30,302 (+52.3%), from €57,905 to €88,207
mainly Net result for the year (+€184,443) and Depreciation (+€139,896)
Equity and liabilities
- Reserves +€184,443
up €184,443 (+25.8%), from €715,071 to €899,514
of which Distributable reserves: +€185,943
- Short-term financial debts -€75,000
down €75,000 (-37.5%), from €200,000 to €125,000
- Debts after one year -€37,341
down €37,341 (-6.7%), from €558,822 to €521,481
Income statement
- Gross operating margin +€71,880
up €71,880 (+18.8%), from €383,316 to €455,196
- Taxes +€25,542
up €25,542 (+46.7%), from €54,690 to €80,231
- Financial charges -€19,671
down €19,671 (-42.0%), from €46,857 to €27,186
- Financial income -€8,799
down €8,799 (-24.9%), from €35,290 to €26,491
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
€132,970
Gross operating margin
+€71,880
Staff costs
-€3,073
Depreciation
-€1,576
Other operating charges
-€1,089
Financial income
-€8,799
Financial charges
+€19,671
Taxes
-€25,542
Result 2025
€184,443
raises the resultlowers the result
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.
From operations
+€326,432
Investment
-€184,950
Financing
-€111,180
Cash 2024
€57,905
From operations (derived)
+€326,432
Net result for the year
+€184,443
Depreciation
+€139,896
Receivables within one year
-€19,763
Deferred charges and accrued income
+€8,855
Provisions
-€500
Trade debts
+€7,212
Tax, wage and social debts
+€7,906
Other debts
-€2,101
Accrued charges and deferred income
+€485
Investment (derived)
-€184,950
Investment in fixed assets (net)
-€64,950
Current investments
-€120,000
Financing
-€111,180
Debts after one year
-€37,341
Current portion of long-term debt
+€1,161
Short-term financial debts
-€75,000
Cash 2025
€88,207
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,111,134 | €2,197,397 | +€86,264 | +4.1% |
| Fixed assets | 21/28 | €1,369,012 | €1,294,065 | -€74,947 | -5.5% |
| Tangible fixed assets | 22/27 | €1,369,012 | €1,294,065 | -€74,947 | -5.5% |
| Land and buildings | 22 | €1,348,917 | €1,278,521 | -€70,396 | -5.2% |
| Plant, machinery and equipment | 23 | €527 | €0 | -€527 | -100% |
| Furniture and vehicles | 24 | €19,568 | €15,544 | -€4,023 | -20.6% |
| Current assets | 29/58 | €742,122 | €903,332 | +€161,210 | +21.7% |
| Amounts receivable within one year | 40/41 | €675,170 | €694,933 | +€19,763 | +2.9% |
| Trade receivables | 40 | €75,170 | €94,933 | +€19,763 | +26.3% |
| Other amounts receivable | 41 | €600,000 | €600,000 | = | 0.0% |
| Current investments | 50/53 | €0 | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €57,905 | €88,207 | +€30,302 | +52.3% |
| Deferred charges and accrued income | 490/1 | €9,047 | €192 | -€8,855 | -97.9% |
| Total equity and liabilities | 10/49 | €2,111,134 | €2,197,397 | +€86,264 | +4.1% |
| Equity | 10/15 | €1,261,663 | €1,446,106 | +€184,443 | +14.6% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Revaluation surpluses | 12 | €441,592 | €441,592 | = | 0.0% |
| Reserves | 13 | €715,071 | €899,514 | +€184,443 | +25.8% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,499 | €2,999 | -€1,500 | -33.3% |
| Distributable reserves | 133 | €700,072 | €886,015 | +€185,943 | +26.6% |
| Provisions and deferred taxes | 16 | €1,500 | €1,000 | -€500 | -33.3% |
| Deferred taxes | 168 | €1,500 | €1,000 | -€500 | -33.3% |
| Amounts payable | 17/49 | €847,971 | €750,292 | -€97,679 | -11.5% |
| Amounts payable after more than one year | 17 | €558,822 | €521,481 | -€37,341 | -6.7% |
| Financial debts | 170/4 | €558,822 | €521,481 | -€37,341 | -6.7% |
| Amounts payable within one year | 42/48 | €289,149 | €228,326 | -€60,823 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €36,180 | €37,341 | +€1,161 | +3.2% |
| Financial debts | 43 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Credit institutions | 430/8 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Trade debts | 44 | €5,513 | €12,724 | +€7,212 | +131% |
| Suppliers | 440/4 | €5,513 | €12,724 | +€7,212 | +131% |
| Taxes, remuneration and social security | 45 | €43,562 | €51,467 | +€7,906 | +18.1% |
| Taxes | 450/3 | €42,180 | €49,837 | +€7,657 | +18.2% |
| Remuneration and social security | 454/9 | €1,381 | €1,630 | +€249 | +18.0% |
| Other amounts payable | 47/48 | €3,895 | €1,793 | -€2,101 | -54.0% |
| Accrued charges and deferred income | 492/3 | €0 | €485 | +€485 | |
| Non-recurring operating income | 76A | €13,500 | €0 | -€13,500 | -100% |
| Remuneration, social security and pensions | 62 | €20,866 | €23,939 | +€3,073 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,320 | €139,896 | +€1,576 | +1.1% |
| Other operating charges | 640/8 | €25,403 | €26,491 | +€1,089 | +4.3% |
| Gross operating margin | 9900 | €383,316 | €455,196 | +€71,880 | +18.8% |
| Operating profit (loss) | 9901 | €198,727 | €264,870 | +€66,142 | +33.3% |
| Financial income | 75/76B | €35,290 | €26,491 | -€8,799 | -24.9% |
| Recurring financial income | 75 | €35,290 | €26,491 | -€8,799 | -24.9% |
| Financial charges | 65/66B | €46,857 | €27,186 | -€19,671 | -42.0% |
| Recurring financial charges | 65 | €46,857 | €27,186 | -€19,671 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €187,160 | €264,174 | +€77,014 | +41.1% |
| Transfer from deferred taxes | 780 | €500 | €500 | = | 0.0% |
| Income taxes | 67/77 | €54,690 | €80,231 | +€25,542 | +46.7% |
| Profit (loss) for the period | 9904 | €132,970 | €184,443 | +€51,473 | +38.7% |
| Transfer from tax-exempt reserves | 789 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,470 | €185,943 | +€51,473 | +38.3% |
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 1 November 2026 via checked.be.