IMBOVER: 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.
IMBOVER
Largest movements
- Tangible fixed assets -€334,916
down €334,916 (-35.6%), from €941,451 to €606,535
- Cash +€9,630
up €9,630 (+229.1%), from €4,203 to €13,833
mainly Investment in fixed assets (net) (+€289,790) and Net result for the year (+€205,112)
- Revaluation surpluses -€245,753
no longer reported in 2025 (was €245,753)
- Debts after one year -€236,431
down €236,431 (-43.8%), from €540,297 to €303,866
of which Financial debts: -€235,081
- Profit (loss) carried forward +€115,112
up €115,112 (+54.7%), from -€210,316 to -€95,204
- Reserves +€90,000
up €90,000 (+1451.6%), from €6,200 to €96,200
of which Tax-exempt reserves: +€90,000
- Other debts -€72,389
down €72,389 (-25.8%), from €280,723 to €208,334
- Gross operating margin +€242,110
up €242,110 (+429.4%), from €56,389 to €298,498
- Depreciation +€9,869
up €9,869 (+28.0%), from €35,257 to €45,126
- Purchases and services +€4,919
up €4,919 (+21.8%), from €22,565 to €27,484
- Financial charges -€4,594
down €4,594 (-20.4%), from €22,531 to €17,938
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 | €957,594 | €631,989 | -€325,605 | -34.0% |
| Fixed assets | 21/28 | €941,451 | €606,535 | -€334,916 | -35.6% |
| Tangible fixed assets | 22/27 | €941,451 | €606,535 | -€334,916 | -35.6% |
| Land and buildings | 22 | €941,451 | €606,535 | -€334,916 | -35.6% |
| Current assets | 29/58 | €16,142 | €25,453 | +€9,311 | +57.7% |
| Amounts receivable within one year | 40/41 | €7,972 | €7,594 | -€378 | -4.7% |
| Trade receivables | 40 | €7,972 | €7,594 | -€378 | -4.7% |
| Cash at bank and in hand | 54/58 | €4,203 | €13,833 | +€9,630 | +229.1% |
| Deferred charges and accrued income | 490/1 | €3,968 | €4,027 | +€59 | +1.5% |
| Total equity and liabilities | 10/49 | €957,594 | €631,989 | -€325,605 | -34.0% |
| Equity | 10/15 | €103,636 | €62,996 | -€40,640 | -39.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €245,753 | - | -€245,753 | |
| Reserves | 13 | €6,200 | €96,200 | +€90,000 | +1451.6% |
| Tax-exempt reserves | 132 | - | €90,000 | +€90,000 | |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,316 | -€95,204 | +€115,112 | +54.7% |
| Provisions and deferred taxes | 16 | - | €22,500 | +€22,500 | |
| Deferred taxes | 168 | - | €22,500 | +€22,500 | |
| Amounts payable | 17/49 | €853,957 | €546,493 | -€307,465 | -36.0% |
| Amounts payable after more than one year | 17 | €540,297 | €303,866 | -€236,431 | -43.8% |
| Financial debts | 170/4 | €537,088 | €302,007 | -€235,081 | -43.8% |
| Other amounts payable | 178/9 | €3,209 | €1,859 | -€1,350 | -42.1% |
| Amounts payable within one year | 42/48 | €310,449 | €239,415 | -€71,034 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €29,725 | €31,081 | +€1,355 | +4.6% |
| Trade debts | 44 | €0 | - | -€0 | |
| Suppliers | 440/4 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €280,723 | €208,334 | -€72,389 | -25.8% |
| Accrued charges and deferred income | 492/3 | €3,211 | €3,212 | +€0 | 0.0% |
| Turnover | 70 | €49,572 | €51,350 | +€1,778 | +3.6% |
| Non-recurring operating income | 76A | - | €274,633 | +€274,633 | |
| Goods, raw materials, services and sundry goods | 60/61 | €22,565 | €27,484 | +€4,919 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,257 | €45,126 | +€9,869 | +28.0% |
| Other operating charges | 640/8 | €8,275 | €7,637 | -€639 | -7.7% |
| Gross operating margin | 9900 | €56,389 | €298,498 | +€242,110 | +429.4% |
| Operating profit (loss) | 9901 | €12,856 | €245,736 | +€232,880 | +1811.4% |
| Financial charges | 65/66B | €22,531 | €17,938 | -€4,594 | -20.4% |
| Recurring financial charges | 65 | €22,531 | €17,938 | -€4,594 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,675 | €227,798 | +€237,473 | |
| Transfer to deferred taxes | 680 | - | €22,500 | +€22,500 | |
| Income taxes | 67/77 | €223 | €186 | -€37 | -16.6% |
| Profit (loss) for the period | 9904 | -€9,898 | €205,112 | +€215,010 | |
| Transfer to tax-exempt reserves | 689 | - | €90,000 | +€90,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,898 | €115,112 | +€125,010 |
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 10 October 2026 via checked.be.