IMOFILS: 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.
IMOFILS
Largest movements
- Current investments -€100,000
down €100,000 (-50.0%), from €199,838 to €99,838
- Tangible fixed assets +€80,848
up €80,848 (+2.8%), from €2.9m to €3.0m
of which Land and buildings: +€90,426
- Receivables within one year -€46,803
down €46,803 (-48.3%), from €96,926 to €50,123
of which Trade receivables: -€45,155
- Debts after one year -€53,345
down €53,345 (-4.2%), from €1.3m to €1.2m
of which Financial debts: -€70,889
- Gross operating margin +€59,224
up €59,224 (+38.1%), from €155,273 to €214,497
- Financial charges +€25,987
up €25,987 (+66.5%), from €39,090 to €65,077
- Staff costs +€9,945
up €9,945 (+11.8%), from €84,027 to €93,972
- Taxes +€7,472
up €7,472 (+555.0%), from €1,346 to €8,819
- Depreciation -€6,987
down €6,987 (-29.2%), from €23,920 to €16,933
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 | €3,241,528 | €3,190,162 | -€51,366 | -1.6% |
| Fixed assets | 21/28 | €2,920,941 | €3,001,789 | +€80,848 | +2.8% |
| Tangible fixed assets | 22/27 | €2,920,941 | €3,001,789 | +€80,848 | +2.8% |
| Land and buildings | 22 | €2,856,686 | €2,947,112 | +€90,426 | +3.2% |
| Plant, machinery and equipment | 23 | €64 | €533 | +€469 | +730.8% |
| Furniture and vehicles | 24 | €64,191 | €54,144 | -€10,046 | -15.7% |
| Current assets | 29/58 | €320,587 | €188,373 | -€132,215 | -41.2% |
| Amounts receivable within one year | 40/41 | €96,926 | €50,123 | -€46,803 | -48.3% |
| Trade receivables | 40 | €91,347 | €46,192 | -€45,155 | -49.4% |
| Other amounts receivable | 41 | €5,579 | €3,931 | -€1,648 | -29.5% |
| Current investments | 50/53 | €199,838 | €99,838 | -€100,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €21,880 | €29,719 | +€7,838 | +35.8% |
| Deferred charges and accrued income | 490/1 | €1,944 | €8,694 | +€6,750 | +347.1% |
| Total equity and liabilities | 10/49 | €3,241,528 | €3,190,162 | -€51,366 | -1.6% |
| Equity | 10/15 | €1,212,986 | €1,235,835 | +€22,849 | +1.9% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €1,159,327 | €1,159,327 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,009,327 | €1,009,327 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,660 | €48,509 | +€22,849 | +89.0% |
| Provisions and deferred taxes | 16 | €336,442 | €336,442 | = | 0.0% |
| Deferred taxes | 168 | €336,442 | €336,442 | = | 0.0% |
| Amounts payable | 17/49 | €1,692,100 | €1,617,884 | -€74,216 | -4.4% |
| Amounts payable after more than one year | 17 | €1,276,291 | €1,222,946 | -€53,345 | -4.2% |
| Financial debts | 170/4 | €976,291 | €905,402 | -€70,889 | -7.3% |
| Other amounts payable | 178/9 | €300,000 | €317,544 | +€17,544 | +5.8% |
| Amounts payable within one year | 42/48 | €390,111 | €368,253 | -€21,859 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €68,434 | €70,889 | +€2,455 | +3.6% |
| Trade debts | 44 | €63,057 | €32,596 | -€30,462 | -48.3% |
| Suppliers | 440/4 | €63,057 | €32,596 | -€30,462 | -48.3% |
| Taxes, remuneration and social security | 45 | €8,620 | €17,832 | +€9,212 | +106.9% |
| Taxes | 450/3 | €831 | €8,399 | +€7,567 | +910.3% |
| Remuneration and social security | 454/9 | €7,789 | €9,433 | +€1,644 | +21.1% |
| Other amounts payable | 47/48 | €250,000 | €246,936 | -€3,064 | -1.2% |
| Accrued charges and deferred income | 492/3 | €25,697 | €26,686 | +€989 | +3.8% |
| Non-recurring operating income | 76A | - | €24,496 | +€24,496 | |
| Remuneration, social security and pensions | 62 | €84,027 | €93,972 | +€9,945 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,920 | €16,933 | -€6,987 | -29.2% |
| Other operating charges | 640/8 | €15,504 | €16,072 | +€568 | +3.7% |
| Gross operating margin | 9900 | €155,273 | €214,497 | +€59,224 | +38.1% |
| Operating profit (loss) | 9901 | €31,821 | €87,520 | +€55,699 | +175.0% |
| Financial income | 75/76B | €10,982 | €9,224 | -€1,758 | -16.0% |
| Recurring financial income | 75 | €10,982 | €9,224 | -€1,758 | -16.0% |
| Financial charges | 65/66B | €39,090 | €65,077 | +€25,987 | +66.5% |
| Recurring financial charges | 65 | €39,090 | €65,077 | +€25,987 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €3,713 | €31,668 | +€27,955 | +752.8% |
| Income taxes | 67/77 | €1,346 | €8,819 | +€7,472 | +555.0% |
| Profit (loss) for the period | 9904 | €2,367 | €22,849 | +€20,482 | +865.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,367 | €22,849 | +€20,482 | +865.4% |
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 11 October 2026 via checked.be.