IMBOR: 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.
IMBOR
Largest movements
- Tangible fixed assets +€453,846
new in 2025: €453,846
- Stocks and contracts -€453,846
no longer reported in 2025 (was €453,846)
- Cash -€15,003
down €15,003 (-69.4%), from €21,621 to €6,618
mainly Investment in fixed assets (net) (-€453,846) and Receivables within one year (-€10,000)
- Receivables within one year +€10,000
new in 2025: €10,000
- Other debts -€7,002
down €7,002 (-1.9%), from €372,847 to €365,844
- Gross operating margin +€821
up €821 (+17.3%), from €4,743 to €5,564
- Taxes +€304
new in 2025: €304
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 | €475,467 | €470,463 | -€5,003 | -1.1% |
| Fixed assets | 21/28 | - | €453,846 | +€453,846 | |
| Tangible fixed assets | 22/27 | - | €453,846 | +€453,846 | |
| Land and buildings | 22 | - | €453,846 | +€453,846 | |
| Current assets | 29/58 | €475,467 | €16,618 | -€458,849 | -96.5% |
| Stocks and contracts in progress | 3 | €453,846 | - | -€453,846 | |
| Contracts in progress | 37 | €453,846 | - | -€453,846 | |
| Amounts receivable within one year | 40/41 | - | €10,000 | +€10,000 | |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €21,621 | €6,618 | -€15,003 | -69.4% |
| Total equity and liabilities | 10/49 | €475,467 | €470,463 | -€5,003 | -1.1% |
| Equity | 10/15 | €98,194 | €99,879 | +€1,685 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,594 | €81,279 | +€1,685 | +2.1% |
| Distributable reserves | 133 | €79,594 | €81,279 | +€1,685 | +2.1% |
| Amounts payable | 17/49 | €377,273 | €370,584 | -€6,689 | -1.8% |
| Amounts payable within one year | 42/48 | €374,633 | €367,944 | -€6,689 | -1.8% |
| Trade debts | 44 | €1,786 | €1,796 | +€10 | +0.5% |
| Suppliers | 440/4 | €1,786 | €1,796 | +€10 | +0.5% |
| Taxes, remuneration and social security | 45 | - | €304 | +€304 | |
| Taxes | 450/3 | - | €304 | +€304 | |
| Other amounts payable | 47/48 | €372,847 | €365,844 | -€7,002 | -1.9% |
| Accrued charges and deferred income | 492/3 | €2,640 | €2,640 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €577 | +€14 | +2.5% |
| Gross operating margin | 9900 | €4,743 | €5,564 | +€821 | +17.3% |
| Operating profit (loss) | 9901 | €4,180 | €4,987 | +€807 | +19.3% |
| Financial charges | 65/66B | €2,944 | €2,998 | +€54 | +1.8% |
| Recurring financial charges | 65 | €2,944 | €2,998 | +€54 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €1,236 | €1,989 | +€753 | +60.9% |
| Income taxes | 67/77 | - | €304 | +€304 | |
| Profit (loss) for the period | 9904 | €1,236 | €1,685 | +€449 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,236 | €1,685 | +€449 | +36.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.