IMOK: 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.
IMOK
Largest movements
- Tangible fixed assets -€41,857
down €41,857 (-10.1%), from €415,019 to €373,162
- Cash +€26,413
up €26,413 (+36.5%), from €72,324 to €98,736
mainly Depreciation (+€41,857) and Trade debts (+€2,085)
- Contributions +€20,476
up €20,476 (+49.9%), from €41,024 to €61,500
- Reserves -€20,252
down €20,252 (-1.6%), from €1.2m to €1.2m
of which Distributable reserves: -€20,476
- Other debts -€15,800
down €15,800 (-19.0%), from €83,002 to €67,202
- Gross operating margin +€19,074
up €19,074 (+67.8%), from €28,123 to €47,198
- Depreciation -€9,229
down €9,229 (-18.1%), from €51,086 to €41,857
- Financial income +€2,252
new in 2025: €2,252
- Taxes +€1,437
up €1,437, from -€762 to €676
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 | €1,355,388 | €1,341,860 | -€13,528 | -1.0% |
| Fixed assets | 21/28 | €568,761 | €526,904 | -€41,857 | -7.4% |
| Tangible fixed assets | 22/27 | €415,019 | €373,162 | -€41,857 | -10.1% |
| Land and buildings | 22 | €415,019 | €373,162 | -€41,857 | -10.1% |
| Financial fixed assets | 28 | €153,742 | €153,742 | = | 0.0% |
| Current assets | 29/58 | €786,628 | €814,956 | +€28,328 | +3.6% |
| Amounts receivable within one year | 40/41 | €529,437 | €529,789 | +€352 | +0.1% |
| Trade receivables | 40 | €2,087 | €2,291 | +€203 | +9.7% |
| Other amounts receivable | 41 | €527,350 | €527,499 | +€149 | 0.0% |
| Current investments | 50/53 | €184,867 | €186,431 | +€1,564 | +0.8% |
| Cash at bank and in hand | 54/58 | €72,324 | €98,736 | +€26,413 | +36.5% |
| Total equity and liabilities | 10/49 | €1,355,388 | €1,341,860 | -€13,528 | -1.0% |
| Equity | 10/15 | €1,270,865 | €1,271,090 | +€224 | 0.0% |
| Contributions | 10/11 | €41,024 | €61,500 | +€20,476 | +49.9% |
| Capital | 10 | €41,024 | €61,500 | +€20,476 | +49.9% |
| Issued capital | 100 | €41,024 | €61,500 | +€20,476 | +49.9% |
| Reserves | 13 | €1,229,841 | €1,209,590 | -€20,252 | -1.6% |
| Non-distributable reserves | 130/1 | €4,102 | €4,327 | +€224 | +5.5% |
| Legal reserve | 130 | €4,102 | €4,327 | +€224 | +5.5% |
| Distributable reserves | 133 | €1,225,739 | €1,205,263 | -€20,476 | -1.7% |
| Amounts payable | 17/49 | €84,523 | €70,771 | -€13,753 | -16.3% |
| Amounts payable within one year | 42/48 | €84,523 | €70,771 | -€13,753 | -16.3% |
| Trade debts | 44 | €787 | €2,872 | +€2,085 | +265.0% |
| Suppliers | 440/4 | €787 | €2,872 | +€2,085 | +265.0% |
| Taxes, remuneration and social security | 45 | €734 | €696 | -€38 | -5.2% |
| Taxes | 450/3 | €734 | €696 | -€38 | -5.2% |
| Other amounts payable | 47/48 | €83,002 | €67,202 | -€15,800 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,086 | €41,857 | -€9,229 | -18.1% |
| Other operating charges | 640/8 | €6,642 | €6,679 | +€37 | +0.6% |
| Gross operating margin | 9900 | €28,123 | €47,198 | +€19,074 | +67.8% |
| Operating profit (loss) | 9901 | -€29,604 | -€1,338 | +€28,266 | +95.5% |
| Financial income | 75/76B | - | €2,252 | +€2,252 | |
| Recurring financial income | 75 | - | €2,252 | +€2,252 | |
| Financial charges | 65/66B | €24 | €14 | -€9 | -39.4% |
| Recurring financial charges | 65 | €24 | €14 | -€9 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,628 | €900 | +€30,528 | |
| Income taxes | 67/77 | -€762 | €676 | +€1,437 | |
| Profit (loss) for the period | 9904 | -€28,866 | €224 | +€29,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,866 | €224 | +€29,091 |
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 12 October 2026 via checked.be.