IMONAM: 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.
IMONAM
Largest movements
- Cash +€791,752
up €791,752 (+658.1%), from €120,307 to €912,059
mainly Investment in fixed assets (net) (+€750,000) and Current investments (+€353,290)
- Financial fixed assets -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Current investments -€353,290
down €353,290 (-100.0%), from €353,290 to €0
- Tangible fixed assets -€59,815
down €59,815 (-8.0%), from €744,960 to €685,145
of which Land and buildings: -€59,478
- Profit (loss) carried forward -€369,378
down €369,378 (-39.7%), from €929,764 to €560,386
- Reserves -€240,750
down €240,750 (-80.4%), from €299,550 to €58,800
of which Distributable reserves: -€240,750
- Other debts +€240,000
up €240,000 (+1600.0%), from €15,000 to €255,000
- Financial charges +€412,882
up €412,882 (+167307.5%), from €247 to €413,128
of which Non-recurring financial charges: +€412,777
- Gross operating margin +€10,345
up €10,345 (+8.8%), from €117,851 to €128,196
- Other operating charges +€2,669
up €2,669 (+20.0%), from €13,345 to €16,015
- Taxes -€1,375
down €1,375 (-8.7%), from €15,841 to €14,466
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 | €2,224,446 | €1,857,735 | -€366,712 | -16.5% |
| Fixed assets | 21/28 | €1,494,960 | €685,145 | -€809,815 | -54.2% |
| Tangible fixed assets | 22/27 | €744,960 | €685,145 | -€59,815 | -8.0% |
| Land and buildings | 22 | €744,524 | €685,045 | -€59,478 | -8.0% |
| Furniture and vehicles | 24 | €436 | €100 | -€337 | -77.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €750,000 | €0 | -€750,000 | -100.0% |
| Current assets | 29/58 | €729,487 | €1,172,590 | +€443,103 | +60.7% |
| Amounts receivable within one year | 40/41 | €252,498 | €257,004 | +€4,506 | +1.8% |
| Trade receivables | 40 | €163 | €5,383 | +€5,221 | +3210.7% |
| Other amounts receivable | 41 | €252,335 | €251,621 | -€714 | -0.3% |
| Current investments | 50/53 | €353,290 | €0 | -€353,290 | -100.0% |
| Cash at bank and in hand | 54/58 | €120,307 | €912,059 | +€791,752 | +658.1% |
| Deferred charges and accrued income | 490/1 | €3,392 | €3,527 | +€135 | +4.0% |
| Total equity and liabilities | 10/49 | €2,224,446 | €1,857,735 | -€366,712 | -16.5% |
| Equity | 10/15 | €2,190,604 | €1,580,476 | -€610,128 | -27.9% |
| Contributions | 10/11 | €961,290 | €961,290 | = | 0.0% |
| Reserves | 13 | €299,550 | €58,800 | -€240,750 | -80.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €299,550 | €58,800 | -€240,750 | -80.4% |
| Profit (loss) carried forward | 14 | €929,764 | €560,386 | -€369,378 | -39.7% |
| Amounts payable | 17/49 | €33,842 | €277,259 | +€243,416 | +719.3% |
| Amounts payable within one year | 42/48 | €30,342 | €273,136 | +€242,794 | +800.2% |
| Financial debts | 43 | €0 | €0 | -€0 | -100.0% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100.0% |
| Trade debts | 44 | €3,641 | €13,219 | +€9,578 | +263.1% |
| Suppliers | 440/4 | €3,641 | €13,219 | +€9,578 | +263.1% |
| Taxes, remuneration and social security | 45 | €11,701 | €4,917 | -€6,784 | -58.0% |
| Taxes | 450/3 | €11,701 | €4,917 | -€6,784 | -58.0% |
| Other amounts payable | 47/48 | €15,000 | €255,000 | +€240,000 | +1600.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | €4,122 | +€622 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,815 | €59,815 | = | 0.0% |
| Other operating charges | 640/8 | €13,345 | €16,015 | +€2,669 | +20.0% |
| Gross operating margin | 9900 | €117,851 | €128,196 | +€10,345 | +8.8% |
| Operating profit (loss) | 9901 | €44,691 | €52,367 | +€7,676 | +17.2% |
| Financial income | 75/76B | €4,701 | €5,850 | +€1,149 | +24.4% |
| Recurring financial income | 75 | €4,701 | €5,850 | +€1,149 | +24.4% |
| Financial charges | 65/66B | €247 | €413,128 | +€412,882 | +167307.5% |
| Recurring financial charges | 65 | €247 | €352 | +€105 | +42.5% |
| Non-recurring financial charges | 66B | - | €412,777 | +€412,777 | |
| Profit (loss) for the period before taxes | 9903 | €49,145 | -€354,912 | -€404,057 | |
| Income taxes | 67/77 | €15,841 | €14,466 | -€1,375 | -8.7% |
| Profit (loss) for the period | 9904 | €33,304 | -€369,378 | -€402,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,304 | -€369,378 | -€402,682 |
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 7 October 2026 via checked.be.