IMOKAPI: 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.
IMOKAPI
Largest movements
- Tangible fixed assets -€218,295
down €218,295 (-3.2%), from €6.9m to €6.7m
of which Land and buildings: -€155,504
- Cash +€105,512
up €105,512 (+317%), from €33,300 to €138,812
mainly Depreciation (+€295,756) and Net result for the year (+€28,364)
- Other debts -€161,111
down €161,111 (-3.2%), from €5.0m to €4.8m
- Gross operating margin +€49,200
up €49,200 (+15.8%), from €311,647 to €360,847
- Depreciation +€34,072
up €34,072 (+13.0%), from €261,684 to €295,756
- Taxes +€9,413
up €9,413 (+270%), from €3,491 to €12,904
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 | €6,991,599 | €6,888,735 | -€102,864 | -1.5% |
| Fixed assets | 21/28 | €6,888,035 | €6,669,740 | -€218,295 | -3.2% |
| Tangible fixed assets | 22/27 | €6,888,035 | €6,669,740 | -€218,295 | -3.2% |
| Land and buildings | 22 | €6,688,448 | €6,532,944 | -€155,504 | -2.3% |
| Furniture and vehicles | 24 | €172,196 | €136,796 | -€35,400 | -20.6% |
| Assets under construction and advance payments | 27 | €27,391 | - | -€27,391 | |
| Current assets | 29/58 | €103,564 | €218,995 | +€115,431 | +111% |
| Amounts receivable within one year | 40/41 | €65,543 | €77,674 | +€12,131 | +18.5% |
| Trade receivables | 40 | €57,018 | €69,164 | +€12,146 | +21.3% |
| Other amounts receivable | 41 | €8,525 | €8,510 | -€15 | -0.2% |
| Cash at bank and in hand | 54/58 | €33,300 | €138,812 | +€105,512 | +317% |
| Deferred charges and accrued income | 490/1 | €4,721 | €2,509 | -€2,212 | -46.9% |
| Total equity and liabilities | 10/49 | €6,991,599 | €6,888,735 | -€102,864 | -1.5% |
| Equity | 10/15 | €1,966,172 | €1,994,536 | +€28,364 | +1.4% |
| Contributions | 10/11 | €1,845,000 | €1,845,000 | = | 0.0% |
| Capital | 10 | €1,845,000 | €1,845,000 | = | 0.0% |
| Issued capital | 100 | €1,845,000 | €1,845,000 | = | 0.0% |
| Reserves | 13 | €24,287 | €52,651 | +€28,364 | +117% |
| Distributable reserves | 133 | €24,287 | €52,651 | +€28,364 | +117% |
| Profit (loss) carried forward | 14 | €96,885 | €96,885 | = | 0.0% |
| Amounts payable | 17/49 | €5,025,427 | €4,894,199 | -€131,228 | -2.6% |
| Amounts payable after more than one year | 17 | - | €5,500 | +€5,500 | |
| Other amounts payable | 178/9 | - | €5,500 | +€5,500 | |
| Amounts payable within one year | 42/48 | €5,025,427 | €4,886,179 | -€139,248 | -2.8% |
| Trade debts | 44 | €33,776 | €51,978 | +€18,202 | +53.9% |
| Suppliers | 440/4 | €33,776 | €51,978 | +€18,202 | +53.9% |
| Taxes, remuneration and social security | 45 | €5,570 | €9,231 | +€3,661 | +65.7% |
| Taxes | 450/3 | €5,570 | €9,231 | +€3,661 | +65.7% |
| Other amounts payable | 47/48 | €4,986,081 | €4,824,970 | -€161,111 | -3.2% |
| Accrued charges and deferred income | 492/3 | - | €2,520 | +€2,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,684 | €295,756 | +€34,072 | +13.0% |
| Other operating charges | 640/8 | €21,884 | €23,510 | +€1,626 | +7.4% |
| Gross operating margin | 9900 | €311,647 | €360,847 | +€49,200 | +15.8% |
| Operating profit (loss) | 9901 | €28,079 | €41,581 | +€13,502 | +48.1% |
| Financial charges | 65/66B | €301 | €313 | +€12 | +4.0% |
| Recurring financial charges | 65 | €301 | €313 | +€12 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €27,778 | €41,268 | +€13,490 | +48.6% |
| Income taxes | 67/77 | €3,491 | €12,904 | +€9,413 | +270% |
| Profit (loss) for the period | 9904 | €24,287 | €28,364 | +€4,077 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,287 | €28,364 | +€4,077 | +16.8% |
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.