IMOGER: what changed
Two fiscal 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.
IMOGER
Largest movements
- Tangible fixed assets -€166,506
down €166,506 (-22.1%), from €754,346 to €587,840
of which Land and buildings: -€226,664
- Cash +€116,004
up €116,004 (+147.6%), from €78,613 to €194,617
mainly Investment in fixed assets (net) (+€124,779) and Net result for the year (+€101,044)
- Debts after one year -€109,342
down €109,342 (-18.3%), from €597,397 to €488,055
of which Financial debts: -€109,342
- Profit (loss) carried forward +€101,044
up €101,044, from -€46,378 to €54,666
- Trade debts -€23,557
down €23,557 (-24.0%), from €98,101 to €74,544
- Current portion of long-term debt -€17,147
down €17,147 (-37.8%), from €45,357 to €28,210
- Gross operating margin +€79,182
up €79,182 (+100.8%), from €78,521 to €157,703
- Financial charges -€2,472
down €2,472 (-22.5%), from €11,002 to €8,530
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 | €845,369 | €796,366 | -€49,003 | -5.8% |
| Fixed assets | 21/28 | €754,346 | €587,840 | -€166,506 | -22.1% |
| Tangible fixed assets | 22/27 | €754,346 | €587,840 | -€166,506 | -22.1% |
| Land and buildings | 22 | €541,101 | €314,437 | -€226,664 | -41.9% |
| Plant, machinery and equipment | 23 | €213,245 | €273,403 | +€60,158 | +28.2% |
| Current assets | 29/58 | €91,023 | €208,526 | +€117,503 | +129.1% |
| Cash at bank and in hand | 54/58 | €78,613 | €194,617 | +€116,004 | +147.6% |
| Deferred charges and accrued income | 490/1 | €12,410 | €13,909 | +€1,499 | +12.1% |
| Total equity and liabilities | 10/49 | €845,369 | €796,366 | -€49,003 | -5.8% |
| Equity | 10/15 | €19,634 | €120,678 | +€101,044 | +514.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,512 | €4,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,512 | €4,512 | = | 0.0% |
| Legal reserve | 130 | €4,512 | €4,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,378 | €54,666 | +€101,044 | |
| Amounts payable | 17/49 | €825,735 | €675,688 | -€150,047 | -18.2% |
| Amounts payable after more than one year | 17 | €597,397 | €488,055 | -€109,342 | -18.3% |
| Financial debts | 170/4 | €523,289 | €413,947 | -€109,342 | -20.9% |
| Other amounts payable | 178/9 | €74,108 | €74,108 | = | 0.0% |
| Amounts payable within one year | 42/48 | €228,338 | €187,633 | -€40,705 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €45,357 | €28,210 | -€17,147 | -37.8% |
| Trade debts | 44 | €98,101 | €74,544 | -€23,557 | -24.0% |
| Suppliers | 440/4 | €98,101 | €74,544 | -€23,557 | -24.0% |
| Other amounts payable | 47/48 | €84,880 | €84,879 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,850 | €41,727 | -€123 | -0.3% |
| Other operating charges | 640/8 | €6,841 | €6,402 | -€439 | -6.4% |
| Gross operating margin | 9900 | €78,521 | €157,703 | +€79,182 | +100.8% |
| Operating profit (loss) | 9901 | €29,830 | €109,574 | +€79,744 | +267.3% |
| Financial charges | 65/66B | €11,002 | €8,530 | -€2,472 | -22.5% |
| Recurring financial charges | 65 | €11,002 | €8,530 | -€2,472 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €18,828 | €101,044 | +€82,216 | +436.7% |
| Profit (loss) for the period | 9904 | €18,828 | €101,044 | +€82,216 | +436.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,828 | €101,044 | +€82,216 | +436.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.