IMONET: 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.
IMONET
Largest movements
- Cash +€12,703
up €12,703 (+16.0%), from €79,456 to €92,160
mainly Net result for the year (+€19,389) and Depreciation (+€14,732)
- Tangible fixed assets -€9,535
down €9,535 (-7.3%), from €131,008 to €121,473
of which Land and buildings: -€10,197
- Reserves +€19,389
up €19,389 (+14.2%), from €136,850 to €156,239
of which Distributable reserves: +€19,389
- Debts after one year -€14,342
down €14,342 (-15.7%), from €91,112 to €76,770
of which Financial debts: -€13,634
- Tax, wage and social debts -€3,739
down €3,739 (-30.8%), from €12,129 to €8,390
- Gross operating margin +€11,173
up €11,173 (+32.0%), from €34,915 to €46,088
- Taxes +€3,320
up €3,320 (+64.6%), from €5,141 to €8,461
- Financial charges -€924
down €924 (-28.3%), from €3,267 to €2,344
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 | €274,606 | €275,367 | +€761 | +0.3% |
| Fixed assets | 21/28 | €131,248 | €121,713 | -€9,535 | -7.3% |
| Tangible fixed assets | 22/27 | €131,008 | €121,473 | -€9,535 | -7.3% |
| Land and buildings | 22 | €131,008 | €120,812 | -€10,197 | -7.8% |
| Furniture and vehicles | 24 | - | €661 | +€661 | |
| Financial fixed assets | 28 | €239 | €239 | = | 0.0% |
| Current assets | 29/58 | €143,358 | €153,654 | +€10,296 | +7.2% |
| Amounts receivable within one year | 40/41 | €63,102 | €60,671 | -€2,432 | -3.9% |
| Trade receivables | 40 | €55,266 | €44,817 | -€10,449 | -18.9% |
| Other amounts receivable | 41 | €7,837 | €15,854 | +€8,017 | +102.3% |
| Cash at bank and in hand | 54/58 | €79,456 | €92,160 | +€12,703 | +16.0% |
| Deferred charges and accrued income | 490/1 | €800 | €824 | +€24 | +3.0% |
| Total equity and liabilities | 10/49 | €274,606 | €275,367 | +€761 | +0.3% |
| Equity | 10/15 | €155,658 | €175,047 | +€19,389 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,850 | €156,239 | +€19,389 | +14.2% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €135,050 | €154,439 | +€19,389 | +14.4% |
| Profit (loss) carried forward | 14 | €208 | €208 | = | 0.0% |
| Amounts payable | 17/49 | €118,948 | €100,320 | -€18,628 | -15.7% |
| Amounts payable after more than one year | 17 | €91,112 | €76,770 | -€14,342 | -15.7% |
| Financial debts | 170/4 | €89,809 | €76,175 | -€13,634 | -15.2% |
| Other amounts payable | 178/9 | €1,303 | €595 | -€708 | -54.3% |
| Amounts payable within one year | 42/48 | €27,836 | €23,550 | -€4,285 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €13,437 | €13,634 | +€197 | +1.5% |
| Trade debts | 44 | €2,270 | €1,526 | -€743 | -32.8% |
| Suppliers | 440/4 | €2,270 | €1,526 | -€743 | -32.8% |
| Taxes, remuneration and social security | 45 | €12,129 | €8,390 | -€3,739 | -30.8% |
| Taxes | 450/3 | €12,129 | €8,390 | -€3,739 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,874 | €14,732 | -€142 | -1.0% |
| Other operating charges | 640/8 | €1,624 | €1,540 | -€83 | -5.1% |
| Gross operating margin | 9900 | €34,915 | €46,088 | +€11,173 | +32.0% |
| Operating profit (loss) | 9901 | €18,417 | €29,815 | +€11,398 | +61.9% |
| Financial income | 75/76B | - | €379 | +€379 | |
| Recurring financial income | 75 | - | €379 | +€379 | |
| Financial charges | 65/66B | €3,267 | €2,344 | -€924 | -28.3% |
| Recurring financial charges | 65 | €3,267 | €2,344 | -€924 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €15,150 | €27,850 | +€12,700 | +83.8% |
| Income taxes | 67/77 | €5,141 | €8,461 | +€3,320 | +64.6% |
| Profit (loss) for the period | 9904 | €10,008 | €19,389 | +€9,380 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,008 | €19,389 | +€9,380 | +93.7% |
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 10 October 2026 via checked.be.