IMO-DECORS: 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.
IMO-DECORS
Largest movements
- Financial fixed assets -€375,000
no longer reported in 2025 (was €375,000)
- Tangible fixed assets +€354,691
up €354,691 (+41.2%), from €860,176 to €1.2m
of which Land and buildings: +€357,489
- Receivables within one year -€52,489
down €52,489 (-34.1%), from €154,129 to €101,640
of which Other amounts receivable: -€33,360
- Cash +€47,200
up €47,200 (+26.0%), from €181,777 to €228,977
mainly Depreciation (+€77,428) and Receivables within one year (+€52,489)
- Deferred charges and accrued income +€28,634
up €28,634 (+391.5%), from €7,313 to €35,947
- Debts after one year -€48,121
down €48,121 (-20.3%), from €237,087 to €188,966
- Reserves +€17,350
up €17,350 (+1.5%), from €1.1m to €1.2m
of which Distributable reserves: +€25,000
- Tax, wage and social debts +€15,943
up €15,943 (+106.8%), from €14,931 to €30,874
of which Taxes: +€10,421
- Gross operating margin -€60,250
down €60,250 (-31.6%), from €190,704 to €130,454
- Depreciation +€22,367
up €22,367 (+40.6%), from €55,061 to €77,428
- Taxes -€8,934
down €8,934 (-35.5%), from €25,134 to €16,200
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 | €1,585,370 | €1,586,862 | +€1,492 | +0.1% |
| Fixed assets | 21/28 | €1,235,176 | €1,214,867 | -€20,309 | -1.6% |
| Tangible fixed assets | 22/27 | €860,176 | €1,214,867 | +€354,691 | +41.2% |
| Land and buildings | 22 | €808,791 | €1,166,280 | +€357,489 | +44.2% |
| Plant, machinery and equipment | 23 | €25,866 | €22,236 | -€3,630 | -14.0% |
| Furniture and vehicles | 24 | €25,519 | €26,351 | +€832 | +3.3% |
| Financial fixed assets | 28 | €375,000 | - | -€375,000 | |
| Current assets | 29/58 | €350,194 | €371,995 | +€21,801 | +6.2% |
| Stocks and contracts in progress | 3 | €6,975 | €5,431 | -€1,544 | -22.1% |
| Stocks | 30/36 | €6,975 | €5,431 | -€1,544 | -22.1% |
| Amounts receivable within one year | 40/41 | €154,129 | €101,640 | -€52,489 | -34.1% |
| Trade receivables | 40 | €89,196 | €70,066 | -€19,129 | -21.4% |
| Other amounts receivable | 41 | €64,934 | €31,574 | -€33,360 | -51.4% |
| Cash at bank and in hand | 54/58 | €181,777 | €228,977 | +€47,200 | +26.0% |
| Deferred charges and accrued income | 490/1 | €7,313 | €35,947 | +€28,634 | +391.5% |
| Total equity and liabilities | 10/49 | €1,585,370 | €1,586,862 | +€1,492 | +0.1% |
| Equity | 10/15 | €1,175,576 | €1,195,448 | +€19,872 | +1.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Contributions outside capital | 11 | €20,451 | €20,451 | = | 0.0% |
| Other | 1109/19 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €1,142,549 | €1,159,899 | +€17,350 | +1.5% |
| Tax-exempt reserves | 132 | €379,250 | €371,600 | -€7,650 | -2.0% |
| Distributable reserves | 133 | €763,299 | €788,299 | +€25,000 | +3.3% |
| Profit (loss) carried forward | 14 | €12,575 | €15,097 | +€2,522 | +20.1% |
| Provisions and deferred taxes | 16 | €109,750 | €107,200 | -€2,550 | -2.3% |
| Deferred taxes | 168 | €109,750 | €107,200 | -€2,550 | -2.3% |
| Amounts payable | 17/49 | €300,044 | €284,214 | -€15,830 | -5.3% |
| Amounts payable after more than one year | 17 | €237,087 | €188,966 | -€48,121 | -20.3% |
| Financial debts | 170/4 | €237,087 | €188,966 | -€48,121 | -20.3% |
| Amounts payable within one year | 42/48 | €62,957 | €94,733 | +€31,776 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €46,643 | €48,121 | +€1,479 | +3.2% |
| Trade debts | 44 | €685 | €4,184 | +€3,499 | +511.2% |
| Suppliers | 440/4 | €685 | €4,184 | +€3,499 | +511.2% |
| Taxes, remuneration and social security | 45 | €14,931 | €30,874 | +€15,943 | +106.8% |
| Taxes | 450/3 | €13,997 | €24,418 | +€10,421 | +74.5% |
| Remuneration and social security | 454/9 | €934 | €6,456 | +€5,522 | +591.4% |
| Other amounts payable | 47/48 | €698 | €11,554 | +€10,855 | +1554.1% |
| Accrued charges and deferred income | 492/3 | - | €515 | +€515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,061 | €77,428 | +€22,367 | +40.6% |
| Other operating charges | 640/8 | €12,646 | €13,528 | +€882 | +7.0% |
| Gross operating margin | 9900 | €190,704 | €130,454 | -€60,250 | -31.6% |
| Operating profit (loss) | 9901 | €122,997 | €39,498 | -€83,499 | -67.9% |
| Financial income | 75/76B | - | €131 | +€131 | |
| Recurring financial income | 75 | - | €131 | +€131 | |
| Financial charges | 65/66B | €7,261 | €6,106 | -€1,155 | -15.9% |
| Recurring financial charges | 65 | €7,261 | €6,106 | -€1,155 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €115,736 | €33,522 | -€82,213 | -71.0% |
| Transfer from deferred taxes | 780 | €2,550 | €7,650 | +€5,100 | +200.0% |
| Income taxes | 67/77 | €25,134 | €16,200 | -€8,934 | -35.5% |
| Profit (loss) for the period | 9904 | €93,152 | €24,972 | -€68,179 | -73.2% |
| Transfer from tax-exempt reserves | 789 | €7,650 | €2,550 | -€5,100 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,802 | €27,522 | -€73,279 | -72.7% |
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 12 October 2026 via checked.be.