IMHALLE: 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.
IMHALLE
Largest movements
- Current investments +€598,973
up €598,973 (+30.6%), from €2.0m to €2.6m
- Financial fixed assets -€224,023
down €224,023 (-100%), from €224,023 to €0
- Tangible fixed assets -€75,229
down €75,229 (-37.6%), from €200,260 to €125,031
of which Land and buildings: -€74,444
- Cash +€60,038
up €60,038 (+20.5%), from €293,560 to €353,598
mainly Net result for the year (+€421,260) and Investment in fixed assets (net) (+€295,367)
- Reserves +€421,260
up €421,260 (+15.3%), from €2.7m to €3.2m
of which Distributable reserves: +€421,260
- Tax, wage and social debts -€42,394
down €42,394 (-100%), from €42,394 to €0
- Gross operating margin +€417,735
up €417,735, from -€19,524 to €398,211
- Taxes +€94,552
up €94,552 (+182%), from €52,088 to €146,640
- Financial charges +€4,399
up €4,399 (+147%), from €2,983 to €7,382
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 | €2,914,760 | €3,290,090 | +€375,330 | +12.9% |
| Fixed assets | 21/28 | €424,284 | €125,031 | -€299,252 | -70.5% |
| Tangible fixed assets | 22/27 | €200,260 | €125,031 | -€75,229 | -37.6% |
| Land and buildings | 22 | €198,711 | €124,267 | -€74,444 | -37.5% |
| Plant, machinery and equipment | 23 | €1,550 | €764 | -€786 | -50.7% |
| Financial fixed assets | 28 | €224,023 | €0 | -€224,023 | -100% |
| Current assets | 29/58 | €2,490,477 | €3,165,059 | +€674,582 | +27.1% |
| Amounts receivable within one year | 40/41 | €204,630 | €225,843 | +€21,213 | +10.4% |
| Trade receivables | 40 | €11,582 | €12,426 | +€844 | +7.3% |
| Other amounts receivable | 41 | €193,049 | €213,417 | +€20,368 | +10.6% |
| Current investments | 50/53 | €1,957,414 | €2,556,387 | +€598,973 | +30.6% |
| Cash at bank and in hand | 54/58 | €293,560 | €353,598 | +€60,038 | +20.5% |
| Deferred charges and accrued income | 490/1 | €34,873 | €29,232 | -€5,642 | -16.2% |
| Total equity and liabilities | 10/49 | €2,914,760 | €3,290,090 | +€375,330 | +12.9% |
| Equity | 10/15 | €2,861,653 | €3,282,914 | +€421,260 | +14.7% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Capital | 10 | €115,000 | €115,000 | = | 0.0% |
| Issued capital | 100 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €2,746,653 | €3,167,914 | +€421,260 | +15.3% |
| Non-distributable reserves | 130/1 | €41,500 | €41,500 | = | 0.0% |
| Legal reserve | 130 | €41,500 | €41,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €275 | €275 | = | 0.0% |
| Distributable reserves | 133 | €2,704,878 | €3,126,139 | +€421,260 | +15.6% |
| Amounts payable | 17/49 | €53,107 | €7,177 | -€45,931 | -86.5% |
| Amounts payable within one year | 42/48 | €47,042 | €4,184 | -€42,858 | -91.1% |
| Trade debts | 44 | €1,981 | €1,517 | -€464 | -23.4% |
| Suppliers | 440/4 | €1,981 | €1,517 | -€464 | -23.4% |
| Taxes, remuneration and social security | 45 | €42,394 | €0 | -€42,394 | -100% |
| Taxes | 450/3 | €42,394 | €0 | -€42,394 | -100% |
| Other amounts payable | 47/48 | €2,667 | €2,667 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,065 | €2,992 | -€3,073 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,405 | €3,885 | -€520 | -11.8% |
| Other operating charges | 640/8 | €3,497 | €2,764 | -€733 | -21.0% |
| Gross operating margin | 9900 | -€19,524 | €398,211 | +€417,735 | |
| Operating profit (loss) | 9901 | -€27,427 | €391,562 | +€418,988 | |
| Financial income | 75/76B | €182,066 | €183,720 | +€1,654 | +0.9% |
| Recurring financial income | 75 | €182,066 | €183,720 | +€1,654 | +0.9% |
| Financial charges | 65/66B | €2,983 | €7,382 | +€4,399 | +147% |
| Recurring financial charges | 65 | €2,983 | €7,382 | +€4,399 | +147% |
| Profit (loss) for the period before taxes | 9903 | €151,656 | €567,900 | +€416,244 | +274% |
| Income taxes | 67/77 | €52,088 | €146,640 | +€94,552 | +182% |
| Profit (loss) for the period | 9904 | €99,568 | €421,260 | +€321,692 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €99,568 | €421,260 | +€321,692 | +323% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.