Imofran: 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.
Imofran
Largest movements
- Cash +€32,246
up €32,246 (+32.9%), from €98,135 to €130,381
mainly Net result for the year (+€29,994) and Depreciation (+€2,547)
- Reserves +€31,287
up €31,287 (+252.4%), from €12,395 to €43,682
- Gross operating margin -€16,734
down €16,734 (-26.2%), from €63,798 to €47,064
- Taxes +€9,687
new in 2025: €9,687
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 | €320,654 | €350,666 | +€30,012 | +9.4% |
| Fixed assets | 21/28 | €222,518 | €219,971 | -€2,547 | -1.1% |
| Tangible fixed assets | 22/27 | €222,518 | €219,971 | -€2,547 | -1.1% |
| Land and buildings | 22 | €222,518 | €219,971 | -€2,547 | -1.1% |
| Current assets | 29/58 | €98,135 | €130,694 | +€32,559 | +33.2% |
| Amounts receivable within one year | 40/41 | - | €313 | +€313 | |
| Other amounts receivable | 41 | - | €313 | +€313 | |
| Cash at bank and in hand | 54/58 | €98,135 | €130,381 | +€32,246 | +32.9% |
| Total equity and liabilities | 10/49 | €320,654 | €350,666 | +€30,012 | +9.4% |
| Equity | 10/15 | €137,635 | €167,629 | +€29,994 | +21.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €43,682 | +€31,287 | +252.4% |
| Distributable reserves | 133 | €12,395 | €43,682 | +€31,287 | +252.4% |
| Profit (loss) carried forward | 14 | €1,293 | - | -€1,293 | |
| Amounts payable | 17/49 | €183,019 | €183,037 | +€18 | 0.0% |
| Amounts payable within one year | 42/48 | €182,256 | €182,256 | = | 0.0% |
| Other amounts payable | 47/48 | €182,256 | €182,256 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €763 | €781 | +€18 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,557 | €2,547 | -€10 | -0.4% |
| Other operating charges | 640/8 | €4,690 | €4,836 | +€146 | +3.1% |
| Gross operating margin | 9900 | €63,798 | €47,064 | -€16,734 | -26.2% |
| Operating profit (loss) | 9901 | €56,550 | €39,681 | -€16,870 | -29.8% |
| Financial income | 75/76B | €462 | - | -€462 | |
| Recurring financial income | 75 | €462 | - | -€462 | |
| Financial charges | 65/66B | €450 | - | -€450 | |
| Recurring financial charges | 65 | €450 | - | -€450 | |
| Profit (loss) for the period before taxes | 9903 | €56,563 | €39,681 | -€16,882 | -29.8% |
| Income taxes | 67/77 | - | €9,687 | +€9,687 | |
| Profit (loss) for the period | 9904 | €56,563 | €29,994 | -€26,569 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,563 | €29,994 | -€26,569 | -47.0% |
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 10 October 2026 via checked.be.