Imolu: 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.
What changed
Imolu
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,338
2024 · -€39,491+€38,154
Equity
€1.1m
2024 · €1.1m-€1,338
Cash
€135
2024 · €519-€383
Balance sheet total
€2.1m
2024 · €2.1m+€45,393
Largest movements
Assets
- Tangible fixed assets +€26,592
up €26,592 (+1.5%), from €1.8m to €1.8m
of which Assets under construction and advance payments: +€73,277
Equity and liabilities
- Debts after one year +€51,147
up €51,147 (+13.1%), from €390,426 to €441,573
of which Financial debts: +€49,034
- Reserves -€30,111
down €30,111 (-2.9%), from €1.0m to €992,084
of which Tax-exempt reserves: -€30,111
- Profit (loss) carried forward +€28,773
up €28,773, from -€7,656 to €21,117
Income statement
- Gross operating margin +€39,989
up €39,989 (+71.6%), from €55,821 to €95,810
- Financial charges +€1,037
up €1,037 (+10.2%), from €10,132 to €11,169
- Depreciation +€1,033
up €1,033 (+1.5%), from €67,475 to €68,508
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.
Result 2024
-€39,491
Gross operating margin
+€39,989
Depreciation
-€1,033
Other operating charges
-€408
Financial income
+€319
Financial charges
-€1,037
Taxes
+€323
Result 2025
-€1,338
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.
From operations
+€39,451
Investment
-€95,100
Financing
+€55,266
Cash 2024
€519
From operations (derived)
+€39,451
Net result for the year
-€1,338
Depreciation
+€68,508
Receivables within one year
-€16,495
Deferred charges and accrued income
-€2,690
Provisions
-€15,512
Trade debts
+€6,977
Investment (derived)
-€95,100
Investment in fixed assets (net)
-€95,100
Financing
+€55,266
Debts after one year
+€51,147
Current portion of long-term debt
+€4,789
Short-term financial debts
-€670
Cash 2025
€135
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,074,817 | €2,120,210 | +€45,393 | +2.2% |
| Fixed assets | 21/28 | €1,763,317 | €1,789,909 | +€26,592 | +1.5% |
| Tangible fixed assets | 22/27 | €1,763,317 | €1,789,909 | +€26,592 | +1.5% |
| Land and buildings | 22 | €1,762,055 | €1,715,750 | -€46,305 | -2.6% |
| Plant, machinery and equipment | 23 | €1,262 | €882 | -€380 | -30.1% |
| Assets under construction and advance payments | 27 | - | €73,277 | +€73,277 | |
| Current assets | 29/58 | €311,500 | €330,301 | +€18,801 | +6.0% |
| Amounts receivable within one year | 40/41 | €274,600 | €291,095 | +€16,495 | +6.0% |
| Trade receivables | 40 | €43,742 | €45,008 | +€1,266 | +2.9% |
| Other amounts receivable | 41 | €230,858 | €246,087 | +€15,229 | +6.6% |
| Cash at bank and in hand | 54/58 | €519 | €135 | -€383 | -73.9% |
| Deferred charges and accrued income | 490/1 | €36,381 | €39,071 | +€2,690 | +7.4% |
| Total equity and liabilities | 10/49 | €2,074,817 | €2,120,210 | +€45,393 | +2.2% |
| Equity | 10/15 | €1,076,538 | €1,075,201 | -€1,338 | -0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,022,195 | €992,084 | -€30,111 | -2.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €951,569 | €921,459 | -€30,111 | -3.2% |
| Distributable reserves | 133 | €64,426 | €64,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,656 | €21,117 | +€28,773 | |
| Provisions and deferred taxes | 16 | €517,939 | €502,428 | -€15,512 | -3.0% |
| Provisions for liabilities and charges | 160/5 | €47,419 | €47,419 | = | 0.0% |
| Other liabilities and charges | 164/5 | €47,419 | €47,419 | = | 0.0% |
| Deferred taxes | 168 | €470,520 | €455,009 | -€15,512 | -3.3% |
| Amounts payable | 17/49 | €480,339 | €542,582 | +€62,242 | +13.0% |
| Amounts payable after more than one year | 17 | €390,426 | €441,573 | +€51,147 | +13.1% |
| Financial debts | 170/4 | €386,826 | €435,860 | +€49,034 | +12.7% |
| Other amounts payable | 178/9 | €3,600 | €5,713 | +€2,113 | +58.7% |
| Amounts payable within one year | 42/48 | €89,449 | €100,545 | +€11,096 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €32,367 | €37,156 | +€4,789 | +14.8% |
| Financial debts | 43 | €1,682 | €1,012 | -€670 | -39.8% |
| Credit institutions | 430/8 | €1,682 | €1,012 | -€670 | -39.8% |
| Trade debts | 44 | €55,400 | €62,377 | +€6,977 | +12.6% |
| Suppliers | 440/4 | €55,400 | €62,377 | +€6,977 | +12.6% |
| Accrued charges and deferred income | 492/3 | €465 | €465 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,475 | €68,508 | +€1,033 | +1.5% |
| Other operating charges | 640/8 | €38,469 | €38,877 | +€408 | +1.1% |
| Gross operating margin | 9900 | €55,821 | €95,810 | +€39,989 | +71.6% |
| Operating profit (loss) | 9901 | -€50,124 | -€11,575 | +€38,549 | +76.9% |
| Financial income | 75/76B | €5,576 | €5,894 | +€319 | +5.7% |
| Recurring financial income | 75 | €5,576 | €5,894 | +€319 | +5.7% |
| Financial charges | 65/66B | €10,132 | €11,169 | +€1,037 | +10.2% |
| Recurring financial charges | 65 | €10,132 | €11,169 | +€1,037 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€54,680 | -€16,849 | +€37,831 | +69.2% |
| Transfer from deferred taxes | 780 | €15,512 | €15,512 | = | 0.0% |
| Income taxes | 67/77 | €323 | - | -€323 | |
| Profit (loss) for the period | 9904 | -€39,491 | -€1,338 | +€38,154 | +96.6% |
| Transfer from tax-exempt reserves | 789 | €30,111 | €30,111 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,381 | €28,773 | +€38,154 |
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 5 October 2026 via checked.be.