IMINVEST: 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.
What changed
IMINVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€21,707
2024 · -€1,479-€20,228
Equity
€230,062
2024 · €251,769-€21,707
Cash
€765
2024 · €283+€482
Balance sheet total
€646,546
2024 · €614,394+€32,152
Largest movements
Assets
- Receivables within one year +€54,576
up €54,576 (+78.6%), from €69,393 to €123,969
of which Other amounts receivable: +€41,776
- Tangible fixed assets -€22,906
down €22,906 (-5.5%), from €414,600 to €391,694
of which Land and buildings: -€21,922
Equity and liabilities
- Debts after one year +€46,939
up €46,939 (+14.7%), from €319,499 to €366,437
of which Financial debts: +€46,939
- Profit (loss) carried forward -€21,707
down €21,707, from €5,512 to -€16,195
- Current portion of long-term debt +€9,778
up €9,778 (+42.4%), from €23,074 to €32,852
Income statement
- Gross operating margin -€18,985
down €18,985 (-53.2%), from €35,714 to €16,729
- Taxes -€5,902
down €5,902 (-100%), from €5,902 to €0
- Other operating charges +€4,291
up €4,291 (+1,108%), from €387 to €4,678
- Purchases and services +€3,755
up €3,755 (+40.8%), from €9,196 to €12,951
- Financial charges +€2,854
up €2,854 (+35.7%), from €7,998 to €10,852
of which Financial charges: +€2,854
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.
Result 2024
-€1,479
Gross operating margin
-€18,985
Other operating charges
-€4,291
Financial charges
-€2,854
Taxes
+€5,902
Result 2025
-€21,707
raises the resultlowers the result
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.
From operations
-€56,809
Investment
€0
Financing
+€57,291
Cash 2024
€283
From operations (derived)
-€56,809
Net result for the year
-€21,707
Depreciation
+€22,906
Receivables within one year
-€54,576
Trade debts
-€4,974
Other debts
+€1,542
Financing
+€57,291
Debts after one year
+€46,939
Current portion of long-term debt
+€9,778
Short-term financial debts
+€574
Cash 2025
€765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,394 | €646,546 | +€32,152 | +5.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €465,546 | €442,640 | -€22,906 | -4.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €414,600 | €391,694 | -€22,906 | -5.5% |
| Land and buildings | 22 | €413,135 | €391,214 | -€21,922 | -5.3% |
| Plant, machinery and equipment | 23 | €1,464 | €480 | -€984 | -67.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50,946 | €50,946 | = | 0.0% |
| Current assets | 29/58 | €148,848 | €203,906 | +€55,058 | +37.0% |
| Amounts receivable after more than one year | 29 | €49,917 | €49,917 | = | 0.0% |
| Trade receivables | 290 | €49,917 | €49,917 | = | 0.0% |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €69,393 | €123,969 | +€54,576 | +78.6% |
| Trade receivables | 40 | €0 | €12,800 | +€12,800 | |
| Other amounts receivable | 41 | €69,393 | €111,169 | +€41,776 | +60.2% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €283 | €765 | +€482 | +170% |
| Deferred charges and accrued income | 490/1 | €29,254 | €29,254 | = | 0.0% |
| Total equity and liabilities | 10/49 | €614,394 | €646,546 | +€32,152 | +5.2% |
| Equity | 10/15 | €251,769 | €230,062 | -€21,707 | -8.6% |
| Contributions | 10/11 | €32,722 | €32,722 | = | 0.0% |
| Revaluation surpluses | 12 | €213,535 | €213,535 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €5,512 | -€16,195 | -€21,707 | |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €362,624 | €416,483 | +€53,859 | +14.9% |
| Amounts payable after more than one year | 17 | €319,499 | €366,437 | +€46,939 | +14.7% |
| Financial debts | 170/4 | €319,499 | €366,437 | +€46,939 | +14.7% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €43,125 | €50,046 | +€6,921 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €23,074 | €32,852 | +€9,778 | +42.4% |
| Financial debts | 43 | €4,275 | €4,848 | +€574 | +13.4% |
| Credit institutions | 430/8 | €4,275 | €4,848 | +€574 | +13.4% |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €9,063 | €4,088 | -€4,974 | -54.9% |
| Suppliers | 440/4 | €9,063 | €4,088 | -€4,974 | -54.9% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,615 | €1,615 | = | 0.0% |
| Taxes | 450/3 | €1,615 | €1,615 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €5,100 | €6,642 | +€1,542 | +30.2% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,196 | €12,951 | +€3,755 | +40.8% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,906 | €22,906 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €387 | €4,678 | +€4,291 | +1,108% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €35,714 | €16,729 | -€18,985 | -53.2% |
| Operating profit (loss) | 9901 | €12,421 | -€10,855 | -€23,276 | |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €7,998 | €10,852 | +€2,854 | +35.7% |
| Recurring financial charges | 65 | €7,998 | €10,852 | +€2,854 | +35.7% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €4,423 | -€21,707 | -€26,130 | |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €5,902 | €0 | -€5,902 | -100% |
| Profit (loss) for the period | 9904 | -€1,479 | -€21,707 | -€20,228 | -1,367% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,479 | -€21,707 | -€20,228 | -1,367% |
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 26 October 2026 via checked.be.