IMBROPA: 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.
IMBROPA
Largest movements
- Tangible fixed assets -€28,922
down €28,922 (-4.4%), from €658,740 to €629,817
of which Land and buildings: -€21,161
- Reserves -€12,430
down €12,430 (-3.0%), from €420,396 to €407,966
of which Tax-exempt reserves: -€12,430
- Other debts -€11,000
down €11,000 (-21.5%), from €51,155 to €40,155
- Gross operating margin +€5,325
up €5,325 (+29.0%), from €18,345 to €23,671
- Other operating charges -€3,099
down €3,099 (-34.9%), from €8,885 to €5,786
- Depreciation -€2,985
down €2,985 (-8.9%), from €33,540 to €30,555
- Taxes -€351
down €351 (-92.2%), from €381 to €30
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 | €1,046,563 | €1,025,163 | -€21,400 | -2.0% |
| Fixed assets | 21/28 | €658,740 | €629,817 | -€28,922 | -4.4% |
| Tangible fixed assets | 22/27 | €658,740 | €629,817 | -€28,922 | -4.4% |
| Land and buildings | 22 | €630,921 | €609,760 | -€21,161 | -3.4% |
| Plant, machinery and equipment | 23 | €27,819 | €20,057 | -€7,762 | -27.9% |
| Current assets | 29/58 | €387,823 | €395,346 | +€7,523 | +1.9% |
| Amounts receivable within one year | 40/41 | €90,639 | €98,148 | +€7,509 | +8.3% |
| Other amounts receivable | 41 | €90,639 | €98,148 | +€7,509 | +8.3% |
| Current investments | 50/53 | €200,038 | €200,038 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,179 | €95,178 | +€3,000 | +3.3% |
| Deferred charges and accrued income | 490/1 | €4,967 | €1,981 | -€2,986 | -60.1% |
| Total equity and liabilities | 10/49 | €1,046,563 | €1,025,163 | -€21,400 | -2.0% |
| Equity | 10/15 | €564,514 | €556,224 | -€8,289 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €420,396 | €407,966 | -€12,430 | -3.0% |
| Non-distributable reserves | 130/1 | €196,652 | €196,652 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €190,452 | €190,452 | = | 0.0% |
| Tax-exempt reserves | 132 | €223,744 | €211,314 | -€12,430 | -5.6% |
| Profit (loss) carried forward | 14 | €82,117 | €86,258 | +€4,141 | +5.0% |
| Provisions and deferred taxes | 16 | €424,581 | €420,438 | -€4,143 | -1.0% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €350,000 | = | 0.0% |
| Environmental obligations | 163 | €350,000 | €350,000 | = | 0.0% |
| Deferred taxes | 168 | €74,581 | €70,438 | -€4,143 | -5.6% |
| Amounts payable | 17/49 | €57,468 | €48,501 | -€8,967 | -15.6% |
| Amounts payable within one year | 42/48 | €54,222 | €45,389 | -€8,833 | -16.3% |
| Trade debts | 44 | €3,067 | €5,234 | +€2,167 | +70.7% |
| Suppliers | 440/4 | €3,067 | €5,234 | +€2,167 | +70.7% |
| Other amounts payable | 47/48 | €51,155 | €40,155 | -€11,000 | -21.5% |
| Accrued charges and deferred income | 492/3 | €3,246 | €3,112 | -€134 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,540 | €30,555 | -€2,985 | -8.9% |
| Other operating charges | 640/8 | €8,885 | €5,786 | -€3,099 | -34.9% |
| Gross operating margin | 9900 | €18,345 | €23,671 | +€5,325 | +29.0% |
| Operating profit (loss) | 9901 | -€24,079 | -€12,671 | +€11,409 | +47.4% |
| Financial income | 75/76B | €371 | €349 | -€22 | -6.0% |
| Recurring financial income | 75 | €371 | €349 | -€22 | -6.0% |
| Financial charges | 65/66B | €89 | €81 | -€8 | -9.0% |
| Recurring financial charges | 65 | €89 | €81 | -€8 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,797 | -€12,403 | +€11,394 | +47.9% |
| Transfer from deferred taxes | 780 | €4,143 | €4,143 | = | 0.0% |
| Income taxes | 67/77 | €381 | €30 | -€351 | -92.2% |
| Profit (loss) for the period | 9904 | -€20,035 | -€8,289 | +€11,746 | +58.6% |
| Transfer from tax-exempt reserves | 789 | €12,430 | €12,430 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,605 | €4,141 | +€11,746 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.