IMOGROUPE: 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.
IMOGROUPE
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-23.6%), from €6.4m to €4.9m
of which Land and buildings: -€1.5m
- Cash +€398,550
up €398,550 (+391%), from €102,013 to €500,563
mainly Investment in fixed assets (net) (+€1.3m) and Depreciation (+€223,142)
- Debts after one year -€1.1m
down €1.1m (-26.7%), from €4.1m to €3.0m
of which Financial debts: -€1.1m
- Other debts -€145,609
down €145,609 (-11.4%), from €1.3m to €1.1m
- Reserves +€114,042
up €114,042 (+21.1%), from €539,885 to €653,927
of which Distributable reserves: +€117,518
- Financial charges -€101,988
down €101,988 (-55.7%), from €183,254 to €81,266
- Other operating charges +€92,364
up €92,364 (+96.2%), from €96,051 to €188,415
- Depreciation -€30,628
down €30,628 (-12.1%), from €253,770 to €223,142
- Financial income +€25,639
up €25,639, from €0 to €25,639
of which Non-recurring financial income: +€25,435
- Gross operating margin +€14,942
up €14,942 (+2.4%), from €623,204 to €638,147
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 | €6,618,656 | €5,441,276 | -€1.2m | -17.8% |
| Fixed assets | 21/28 | €6,427,518 | €4,912,208 | -€1.5m | -23.6% |
| Tangible fixed assets | 22/27 | €6,427,518 | €4,912,208 | -€1.5m | -23.6% |
| Land and buildings | 22 | €5,937,323 | €4,438,304 | -€1.5m | -25.2% |
| Plant, machinery and equipment | 23 | €490,195 | €473,904 | -€16,291 | -3.3% |
| Current assets | 29/58 | €191,137 | €529,068 | +€337,931 | +177% |
| Amounts receivable within one year | 40/41 | €89,124 | €28,505 | -€60,619 | -68.0% |
| Trade receivables | 40 | €89,124 | €28,505 | -€60,619 | -68.0% |
| Cash at bank and in hand | 54/58 | €102,013 | €500,563 | +€398,550 | +391% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,618,656 | €5,441,276 | -€1.2m | -17.8% |
| Equity | 10/15 | €558,485 | €678,727 | +€120,242 | +21.5% |
| Contributions | 10/11 | €18,600 | €24,800 | +€6,200 | +33.3% |
| Reserves | 13 | €539,885 | €653,927 | +€114,042 | +21.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €79,963 | €76,487 | -€3,476 | -4.3% |
| Distributable reserves | 133 | €459,922 | €577,439 | +€117,518 | +25.6% |
| Provisions and deferred taxes | 16 | €41,175 | €37,595 | -€3,580 | -8.7% |
| Deferred taxes | 168 | €41,175 | €37,595 | -€3,580 | -8.7% |
| Amounts payable | 17/49 | €6,018,996 | €4,724,954 | -€1.3m | -21.5% |
| Amounts payable after more than one year | 17 | €4,135,749 | €3,032,362 | -€1.1m | -26.7% |
| Financial debts | 170/4 | €4,055,076 | €2,938,629 | -€1.1m | -27.5% |
| Other amounts payable | 178/9 | €80,673 | €93,733 | +€13,060 | +16.2% |
| Amounts payable within one year | 42/48 | €1,833,176 | €1,646,624 | -€186,552 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €503,444 | €482,360 | -€21,084 | -4.2% |
| Trade debts | 44 | €0 | €30,096 | +€30,096 | |
| Suppliers | 440/4 | €0 | €30,096 | +€30,096 | |
| Taxes, remuneration and social security | 45 | €54,138 | €4,183 | -€49,955 | -92.3% |
| Taxes | 450/3 | €50,508 | €454 | -€50,054 | -99.1% |
| Remuneration and social security | 454/9 | €3,630 | €3,729 | +€99 | +2.7% |
| Other amounts payable | 47/48 | €1,275,594 | €1,129,985 | -€145,609 | -11.4% |
| Accrued charges and deferred income | 492/3 | €50,071 | €45,967 | -€4,103 | -8.2% |
| Remuneration, social security and pensions | 62 | €22,593 | €23,847 | +€1,254 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,770 | €223,142 | -€30,628 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €96,051 | €188,415 | +€92,364 | +96.2% |
| Gross operating margin | 9900 | €623,204 | €638,147 | +€14,942 | +2.4% |
| Operating profit (loss) | 9901 | €250,791 | €202,743 | -€48,048 | -19.2% |
| Financial income | 75/76B | €0 | €25,639 | +€25,639 | |
| Recurring financial income | 75 | €0 | €204 | +€204 | |
| Non-recurring financial income | 76B | - | €25,435 | +€25,435 | |
| Financial charges | 65/66B | €183,254 | €81,266 | -€101,988 | -55.7% |
| Recurring financial charges | 65 | €183,254 | €81,266 | -€101,988 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €67,536 | €147,116 | +€79,579 | +118% |
| Transfer from deferred taxes | 780 | €1,790 | €3,580 | +€1,790 | +100.0% |
| Income taxes | 67/77 | €32,719 | €30,454 | -€2,265 | -6.9% |
| Profit (loss) for the period | 9904 | €36,608 | €120,242 | +€83,634 | +228% |
| Transfer from tax-exempt reserves | 789 | €3,476 | €3,476 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,084 | €123,718 | +€83,634 | +209% |
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 15 October 2026 via checked.be.