IMERBA: 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.
IMERBA
Largest movements
- Tangible fixed assets -€56,415
down €56,415 (-2.3%), from €2.4m to €2.4m
- Profit (loss) carried forward -€96,031
down €96,031 (-28.1%), from -€341,912 to -€437,943
- Other debts +€85,000
up €85,000 (+24.4%), from €349,051 to €434,051
- Debts after one year -€44,719
down €44,719 (-5.2%), from €859,809 to €815,090
- Other operating charges -€15,160
down €15,160 (-92.6%), from €16,363 to €1,203
- Gross operating margin +€10,026
up €10,026 (+59.6%), from -€16,819 to -€6,793
- Depreciation +€2,507
up €2,507 (+3.4%), from €72,809 to €75,317
- Financial income +€780
up €780 (+4418.0%), from €18 to €797
- Financial charges -€643
down €643 (-4.5%), from €14,158 to €13,516
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 | €2,413,979 | €2,356,918 | -€57,061 | -2.4% |
| Fixed assets | 21/28 | €2,408,759 | €2,352,344 | -€56,415 | -2.3% |
| Tangible fixed assets | 22/27 | €2,408,759 | €2,352,344 | -€56,415 | -2.3% |
| Land and buildings | 22 | €2,408,759 | €2,352,344 | -€56,415 | -2.3% |
| Current assets | 29/58 | €5,220 | €4,574 | -€646 | -12.4% |
| Amounts receivable within one year | 40/41 | - | €43 | +€43 | |
| Trade receivables | 40 | - | €43 | +€43 | |
| Cash at bank and in hand | 54/58 | €1,520 | €799 | -€721 | -47.4% |
| Deferred charges and accrued income | 490/1 | €3,700 | €3,732 | +€32 | +0.9% |
| Total equity and liabilities | 10/49 | €2,413,979 | €2,356,918 | -€57,061 | -2.4% |
| Equity | 10/15 | €1,159,088 | €1,063,057 | -€96,031 | -8.3% |
| Contributions | 10/11 | €1,501,000 | €1,501,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,912 | -€437,943 | -€96,031 | -28.1% |
| Amounts payable | 17/49 | €1,254,891 | €1,293,861 | +€38,970 | +3.1% |
| Amounts payable after more than one year | 17 | €859,809 | €815,090 | -€44,719 | -5.2% |
| Financial debts | 170/4 | €859,809 | €815,090 | -€44,719 | -5.2% |
| Amounts payable within one year | 42/48 | €395,082 | €478,771 | +€83,689 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €44,052 | €44,719 | +€668 | +1.5% |
| Trade debts | 44 | €1,979 | €0 | -€1,979 | -100.0% |
| Suppliers | 440/4 | €1,979 | €0 | -€1,979 | -100.0% |
| Other amounts payable | 47/48 | €349,051 | €434,051 | +€85,000 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,809 | €75,317 | +€2,507 | +3.4% |
| Other operating charges | 640/8 | €16,363 | €1,203 | -€15,160 | -92.6% |
| Gross operating margin | 9900 | -€16,819 | -€6,793 | +€10,026 | +59.6% |
| Operating profit (loss) | 9901 | -€105,991 | -€83,313 | +€22,679 | +21.4% |
| Financial income | 75/76B | €18 | €797 | +€780 | +4418.0% |
| Recurring financial income | 75 | €18 | €797 | +€780 | +4418.0% |
| Financial charges | 65/66B | €14,158 | €13,516 | -€643 | -4.5% |
| Recurring financial charges | 65 | €14,158 | €13,516 | -€643 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€120,132 | -€96,031 | +€24,101 | +20.1% |
| Profit (loss) for the period | 9904 | -€120,132 | -€96,031 | +€24,101 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,132 | -€96,031 | +€24,101 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.