Imopa: 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.
Imopa
Largest movements
- Receivables within one year +€4.1m
up €4.1m (+2740.7%), from €149,650 to €4.3m
of which Other amounts receivable: +€4.1m
- Receivables after one year -€3.9m
down €3.9m (-100.0%), from €3.9m to €0
- Tangible fixed assets -€665,202
down €665,202 (-5.7%), from €11.6m to €10.9m
of which Land and buildings: -€418,083
- Financial fixed assets +€494,000
up €494,000 (+23.1%), from €2.1m to €2.6m
- Cash +€266,578
up €266,578 (+474.0%), from €56,238 to €322,815
mainly Receivables after one year (+€3.9m) and Other debts (+€1.4m)
- Other debts +€1.4m
up €1.4m (+49.8%), from €2.9m to €4.3m
- Reserves -€377,752
down €377,752 (-11.4%), from €3.3m to €2.9m
of which Tax-exempt reserves: -€235,248
- Current portion of long-term debt -€311,832
down €311,832 (-31.1%), from €1.0m to €689,858
- Debts after one year -€232,221
down €232,221 (-2.9%), from €8.1m to €7.9m
- Accrued charges and deferred income -€197,728
down €197,728 (-10.8%), from €1.8m to €1.6m
- Financial charges +€427,662
up €427,662 (+134.5%), from €317,891 to €745,552
- Gross operating margin +€180,006
up €180,006 (+23.7%), from €758,832 to €938,838
- Financial income +€125,693
up €125,693 (+58.2%), from €215,934 to €341,627
of which Financial income: +€139,414
- Other operating charges +€43,475
up €43,475 (+32.7%), from €133,092 to €176,567
- Depreciation -€31,139
down €31,139 (-3.8%), from €819,002 to €787,863
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 | €17,849,288 | €18,199,755 | +€350,467 | +2.0% |
| Fixed assets | 21/28 | €13,712,952 | €13,541,750 | -€171,202 | -1.2% |
| Tangible fixed assets | 22/27 | €11,570,793 | €10,905,591 | -€665,202 | -5.7% |
| Land and buildings | 22 | €8,904,889 | €8,486,806 | -€418,083 | -4.7% |
| Plant, machinery and equipment | 23 | €4,952 | €88 | -€4,863 | -98.2% |
| Furniture and vehicles | 24 | - | €41,193 | +€41,193 | |
| Leasing and similar rights | 25 | €2,491,252 | €2,223,966 | -€267,286 | -10.7% |
| Other tangible fixed assets | 26 | €169,700 | €153,537 | -€16,163 | -9.5% |
| Financial fixed assets | 28 | €2,142,159 | €2,636,159 | +€494,000 | +23.1% |
| Current assets | 29/58 | €4,136,336 | €4,658,005 | +€521,669 | +12.6% |
| Amounts receivable after more than one year | 29 | €3,902,447 | €0 | -€3.9m | -100.0% |
| Other amounts receivable | 291 | €3,902,447 | €0 | -€3.9m | -100.0% |
| Amounts receivable within one year | 40/41 | €149,650 | €4,251,057 | +€4.1m | +2740.7% |
| Trade receivables | 40 | €135,417 | €122,816 | -€12,602 | -9.3% |
| Other amounts receivable | 41 | €14,232 | €4,128,241 | +€4.1m | +28906.5% |
| Cash at bank and in hand | 54/58 | €56,238 | €322,815 | +€266,578 | +474.0% |
| Deferred charges and accrued income | 490/1 | €28,002 | €84,133 | +€56,131 | +200.5% |
| Total equity and liabilities | 10/49 | €17,849,288 | €18,199,755 | +€350,467 | +2.0% |
| Equity | 10/15 | €2,946,098 | €2,583,359 | -€362,739 | -12.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,313,473 | €2,935,721 | -€377,752 | -11.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,164,819 | €2,929,571 | -€235,248 | -7.4% |
| Distributable reserves | 133 | €142,504 | €0 | -€142,504 | -100.0% |
| Profit (loss) carried forward | 14 | -€428,875 | -€413,862 | +€15,013 | +3.5% |
| Provisions and deferred taxes | 16 | €1,054,940 | €976,524 | -€78,416 | -7.4% |
| Deferred taxes | 168 | €1,054,940 | €976,524 | -€78,416 | -7.4% |
| Amounts payable | 17/49 | €13,848,251 | €14,639,873 | +€791,622 | +5.7% |
| Amounts payable after more than one year | 17 | €8,083,125 | €7,850,904 | -€232,221 | -2.9% |
| Financial debts | 170/4 | €8,083,125 | €7,850,904 | -€232,221 | -2.9% |
| Amounts payable within one year | 42/48 | €3,931,434 | €5,153,005 | +€1.2m | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €1,001,690 | €689,858 | -€311,832 | -31.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €47,170 | €146,432 | +€99,262 | +210.4% |
| Suppliers | 440/4 | €47,170 | €146,432 | +€99,262 | +210.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,882,573 | €4,316,715 | +€1.4m | +49.8% |
| Accrued charges and deferred income | 492/3 | €1,833,692 | €1,635,964 | -€197,728 | -10.8% |
| Non-recurring operating income | 76A | €195,333 | €195,333 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819,002 | €787,863 | -€31,139 | -3.8% |
| Other operating charges | 640/8 | €133,092 | €176,567 | +€43,475 | +32.7% |
| Gross operating margin | 9900 | €758,832 | €938,838 | +€180,006 | +23.7% |
| Operating profit (loss) | 9901 | -€193,263 | -€25,593 | +€167,670 | +86.8% |
| Financial income | 75/76B | €215,934 | €341,627 | +€125,693 | +58.2% |
| Recurring financial income | 75 | €202,213 | €341,627 | +€139,414 | +68.9% |
| Non-recurring financial income | 76B | €13,721 | €0 | -€13,721 | -100.0% |
| Financial charges | 65/66B | €317,891 | €745,552 | +€427,662 | +134.5% |
| Recurring financial charges | 65 | €317,891 | €745,552 | +€427,662 | +134.5% |
| Profit (loss) for the period before taxes | 9903 | -€295,220 | -€429,518 | -€134,298 | -45.5% |
| Transfer from deferred taxes | 780 | €78,416 | €78,416 | = | 0.0% |
| Income taxes | 67/77 | - | €11,637 | +€11,637 | |
| Profit (loss) for the period | 9904 | -€216,804 | -€362,739 | -€145,935 | -67.3% |
| Transfer from tax-exempt reserves | 789 | €235,248 | €235,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,444 | -€127,491 | -€145,935 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.