IMBRO: 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.
IMBRO
Largest movements
- Financial fixed assets -€620,000
down €620,000 (-100.0%), from €620,000 to €0
- Intangible fixed assets +€378,582
new in 2025: €378,582
- Cash +€71,545
up €71,545 (+36.8%), from €194,209 to €265,754
mainly Depreciation (+€159,459) and Investment in fixed assets (net) (+€100,118)
- Debts after one year -€89,346
down €89,346 (-18.2%), from €490,083 to €400,737
- Other debts -€52,320
down €52,320 (-5.1%), from €1.0m to €971,702
- Reserves -€45,283
down €45,283 (-11.6%), from €388,915 to €343,632
of which Distributable reserves: -€45,283
- Depreciation +€101,488
up €101,488 (+175.1%), from €57,971 to €159,459
- Gross operating margin +€38,955
up €38,955 (+24.4%), from €159,550 to €198,505
- Taxes +€6,305
up €6,305 (+62.1%), from €10,149 to €16,454
- Other operating charges +€4,385
up €4,385 (+20.7%), from €21,216 to €25,601
- Financial charges -€3,568
down €3,568 (-7.8%), from €45,847 to €42,279
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 | €2,097,510 | €1,911,144 | -€186,366 | -8.9% |
| Fixed assets | 21/28 | €1,901,111 | €1,641,534 | -€259,577 | -13.7% |
| Intangible fixed assets | 21 | - | €378,582 | +€378,582 | |
| Tangible fixed assets | 22/27 | €1,281,111 | €1,262,952 | -€18,159 | -1.4% |
| Land and buildings | 22 | €1,237,731 | €1,229,184 | -€8,547 | -0.7% |
| Plant, machinery and equipment | 23 | €963 | €545 | -€418 | -43.4% |
| Furniture and vehicles | 24 | €42,417 | €33,223 | -€9,194 | -21.7% |
| Financial fixed assets | 28 | €620,000 | €0 | -€620,000 | -100.0% |
| Current assets | 29/58 | €196,399 | €269,610 | +€73,211 | +37.3% |
| Amounts receivable within one year | 40/41 | €351 | €546 | +€195 | +55.6% |
| Other amounts receivable | 41 | €351 | €546 | +€195 | +55.6% |
| Cash at bank and in hand | 54/58 | €194,209 | €265,754 | +€71,545 | +36.8% |
| Deferred charges and accrued income | 490/1 | €1,838 | €3,310 | +€1,472 | +80.1% |
| Total equity and liabilities | 10/49 | €2,097,510 | €1,911,144 | -€186,366 | -8.9% |
| Equity | 10/15 | €458,915 | €413,632 | -€45,283 | -9.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Contributions outside capital | 11 | €70,000 | €70,000 | = | 0.0% |
| Other | 1109/19 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €388,915 | €343,632 | -€45,283 | -11.6% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €381,915 | €336,632 | -€45,283 | -11.9% |
| Amounts payable | 17/49 | €1,638,595 | €1,497,512 | -€141,083 | -8.6% |
| Amounts payable after more than one year | 17 | €490,083 | €400,737 | -€89,346 | -18.2% |
| Financial debts | 170/4 | €490,083 | €400,737 | -€89,346 | -18.2% |
| Amounts payable within one year | 42/48 | €1,112,837 | €1,061,599 | -€51,238 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €87,864 | €89,346 | +€1,482 | +1.7% |
| Trade debts | 44 | €951 | €551 | -€400 | -42.1% |
| Suppliers | 440/4 | €951 | €551 | -€400 | -42.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,024,022 | €971,702 | -€52,320 | -5.1% |
| Accrued charges and deferred income | 492/3 | €35,675 | €35,175 | -€500 | -1.4% |
| Non-recurring operating income | 76A | €1,750 | €0 | -€1,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,971 | €159,459 | +€101,488 | +175.1% |
| Other operating charges | 640/8 | €21,216 | €25,601 | +€4,385 | +20.7% |
| Gross operating margin | 9900 | €159,550 | €198,505 | +€38,955 | +24.4% |
| Operating profit (loss) | 9901 | €80,362 | €13,446 | -€66,916 | -83.3% |
| Financial income | 75/76B | €9 | €5 | -€4 | -43.8% |
| Recurring financial income | 75 | €9 | €5 | -€4 | -43.8% |
| Financial charges | 65/66B | €45,847 | €42,279 | -€3,568 | -7.8% |
| Recurring financial charges | 65 | €45,847 | €42,279 | -€3,568 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €34,524 | -€28,828 | -€63,352 | |
| Income taxes | 67/77 | €10,149 | €16,454 | +€6,305 | +62.1% |
| Profit (loss) for the period | 9904 | €24,375 | -€45,282 | -€69,657 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,375 | -€45,282 | -€69,657 |
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.