IMOFICOR: 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.
IMOFICOR
Largest movements
- Cash -€166,426
down €166,426 (-30.6%), from €544,700 to €378,273
mainly Investment in fixed assets (net) (-€160,000) and Net result for the year (-€17,362)
- Tangible fixed assets +€154,466
up €154,466 (+111%), from €138,741 to €293,207
- Profit (loss) carried forward -€17,362
down €17,362 (-21.0%), from €82,795 to €65,433
- Debts after one year +€14,000
new in 2025: €14,000
- Gross operating margin -€520,775
down €520,775 (-99.0%), from €525,990 to €5,215
- Financial income +€8,260
up €8,260 (+3,845%), from €215 to €8,475
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 | €683,547 | €676,017 | -€7,530 | -1.1% |
| Fixed assets | 21/28 | €138,741 | €293,207 | +€154,466 | +111% |
| Tangible fixed assets | 22/27 | €138,741 | €293,207 | +€154,466 | +111% |
| Land and buildings | 22 | €138,741 | €293,207 | +€154,466 | +111% |
| Current assets | 29/58 | €544,806 | €382,810 | -€161,996 | -29.7% |
| Amounts receivable within one year | 40/41 | €106 | €4,537 | +€4,430 | +4,161% |
| Trade receivables | 40 | - | €1,930 | +€1,930 | |
| Other amounts receivable | 41 | €106 | €2,607 | +€2,501 | +2,349% |
| Cash at bank and in hand | 54/58 | €544,700 | €378,273 | -€166,426 | -30.6% |
| Total equity and liabilities | 10/49 | €683,547 | €676,017 | -€7,530 | -1.1% |
| Equity | 10/15 | €538,477 | €521,115 | -€17,362 | -3.2% |
| Contributions | 10/11 | €19,800 | €19,800 | = | 0.0% |
| Reserves | 13 | €435,882 | €435,882 | = | 0.0% |
| Tax-exempt reserves | 132 | €419,080 | €419,080 | = | 0.0% |
| Distributable reserves | 133 | €16,802 | €16,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,795 | €65,433 | -€17,362 | -21.0% |
| Provisions and deferred taxes | 16 | €139,693 | €139,693 | = | 0.0% |
| Deferred taxes | 168 | €139,693 | €139,693 | = | 0.0% |
| Amounts payable | 17/49 | €5,377 | €15,209 | +€9,832 | +183% |
| Amounts payable after more than one year | 17 | - | €14,000 | +€14,000 | |
| Other amounts payable | 178/9 | - | €14,000 | +€14,000 | |
| Amounts payable within one year | 42/48 | €3,906 | €1,209 | -€2,697 | -69.1% |
| Trade debts | 44 | €3,906 | €1,209 | -€2,697 | -69.1% |
| Suppliers | 440/4 | €3,906 | €1,209 | -€2,697 | -69.1% |
| Accrued charges and deferred income | 492/3 | €1,471 | - | -€1,471 | |
| Non-recurring operating income | 76A | €558,774 | - | -€558,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,502 | €5,534 | +€2,033 | +58.0% |
| Other operating charges | 640/8 | €4,181 | €1,465 | -€2,716 | -65.0% |
| Non-recurring operating charges | 66A | - | €24,029 | +€24,029 | |
| Gross operating margin | 9900 | €525,990 | €5,215 | -€520,775 | -99.0% |
| Operating profit (loss) | 9901 | €518,308 | -€25,813 | -€544,121 | |
| Financial income | 75/76B | €215 | €8,475 | +€8,260 | +3,845% |
| Recurring financial income | 75 | €215 | €8,475 | +€8,260 | +3,845% |
| Financial charges | 65/66B | €3,289 | €24 | -€3,265 | -99.3% |
| Recurring financial charges | 65 | €48 | €24 | -€24 | -49.7% |
| Non-recurring financial charges | 66B | €3,241 | - | -€3,241 | |
| Profit (loss) for the period before taxes | 9903 | €515,234 | -€17,362 | -€532,595 | |
| Transfer to deferred taxes | 680 | €139,693 | - | -€139,693 | |
| Profit (loss) for the period | 9904 | €375,540 | -€17,362 | -€392,902 | |
| Transfer to tax-exempt reserves | 689 | €419,080 | - | -€419,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,540 | -€17,362 | +€26,179 | +60.1% |
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 16 October 2026 via checked.be.