IMBOVAN: 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.
IMBOVAN
Largest movements
- Tangible fixed assets -€13,418
down €13,418 (-3.5%), from €378,431 to €365,013
- Profit (loss) carried forward -€9,503
down €9,503 (-2.4%), from -€391,927 to -€401,430
- Gross operating margin +€3,248
up €3,248 (+103%), from €3,151 to €6,399
- Other operating charges -€315
down €315 (-11.4%), from €2,754 to €2,439
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 | €380,569 | €368,188 | -€12,381 | -3.3% |
| Fixed assets | 21/28 | €378,431 | €365,013 | -€13,418 | -3.5% |
| Tangible fixed assets | 22/27 | €378,431 | €365,013 | -€13,418 | -3.5% |
| Land and buildings | 22 | €378,431 | €365,013 | -€13,418 | -3.5% |
| Current assets | 29/58 | €2,139 | €3,175 | +€1,036 | +48.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,570 | €2,580 | +€1,010 | +64.3% |
| Deferred charges and accrued income | 490/1 | €569 | €595 | +€27 | +4.7% |
| Total equity and liabilities | 10/49 | €380,569 | €368,188 | -€12,381 | -3.3% |
| Equity | 10/15 | €79,387 | €69,884 | -€9,503 | -12.0% |
| Contributions | 10/11 | €471,000 | €471,000 | = | 0.0% |
| Reserves | 13 | €313 | €313 | = | 0.0% |
| Tax-exempt reserves | 132 | €313 | €313 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€391,927 | -€401,430 | -€9,503 | -2.4% |
| Amounts payable | 17/49 | €301,183 | €298,305 | -€2,878 | -1.0% |
| Amounts payable within one year | 42/48 | €301,183 | €298,305 | -€2,878 | -1.0% |
| Trade debts | 44 | €281 | €159 | -€122 | -43.5% |
| Suppliers | 440/4 | €281 | €159 | -€122 | -43.5% |
| Other amounts payable | 47/48 | €300,901 | €298,146 | -€2,756 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,418 | €13,418 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,754 | €2,439 | -€315 | -11.4% |
| Gross operating margin | 9900 | €3,151 | €6,399 | +€3,248 | +103% |
| Operating profit (loss) | 9901 | -€13,021 | -€9,458 | +€3,563 | +27.4% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,064 | -€9,503 | +€3,562 | +27.3% |
| Profit (loss) for the period | 9904 | -€13,064 | -€9,503 | +€3,562 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,064 | -€9,503 | +€3,562 | +27.3% |
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 13 October 2026 via checked.be.