IMOPALE: 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.
IMOPALE
Largest movements
- Receivables within one year +€21,209
up €21,209 (+4713.1%), from €450 to €21,659
of which Other amounts receivable: +€21,659
- Cash +€10,045
up €10,045 (+30.4%), from €33,038 to €43,083
mainly Net result for the year (+€17,806) and Accrued charges and deferred income (+€12,000)
- Tangible fixed assets -€6,402
down €6,402 (-8.1%), from €79,242 to €72,840
of which Plant, machinery and equipment: -€6,402
- Profit (loss) carried forward +€17,806
up €17,806 (+530.1%), from €3,359 to €21,165
- Accrued charges and deferred income +€12,000
new in 2025: €12,000
- Other debts -€3,131
down €3,131 (-3.5%), from €88,954 to €85,823
- Trade debts -€2,646
down €2,646 (-48.4%), from €5,467 to €2,821
- Depreciation -€17,400
down €17,400 (-73.1%), from €23,802 to €6,402
- Gross operating margin -€12,942
down €12,942 (-32.8%), from €39,459 to €26,517
- Taxes +€1,083
new in 2025: €1,083
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 | €112,730 | €137,842 | +€25,112 | +22.3% |
| Fixed assets | 21/28 | €79,242 | €72,840 | -€6,402 | -8.1% |
| Tangible fixed assets | 22/27 | €79,242 | €72,840 | -€6,402 | -8.1% |
| Land and buildings | 22 | €50,000 | €50,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €29,242 | €22,840 | -€6,402 | -21.9% |
| Current assets | 29/58 | €33,488 | €65,002 | +€31,514 | +94.1% |
| Amounts receivable within one year | 40/41 | €450 | €21,659 | +€21,209 | +4713.1% |
| Trade receivables | 40 | €450 | - | -€450 | |
| Other amounts receivable | 41 | - | €21,659 | +€21,659 | |
| Cash at bank and in hand | 54/58 | €33,038 | €43,083 | +€10,045 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €260 | +€260 | |
| Total equity and liabilities | 10/49 | €112,730 | €137,842 | +€25,112 | +22.3% |
| Equity | 10/15 | €11,559 | €29,365 | +€17,806 | +154.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,359 | €21,165 | +€17,806 | +530.1% |
| Amounts payable | 17/49 | €101,171 | €108,477 | +€7,306 | +7.2% |
| Amounts payable after more than one year | 17 | €6,750 | €6,750 | = | 0.0% |
| Other amounts payable | 178/9 | €6,750 | €6,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,421 | €89,727 | -€4,694 | -5.0% |
| Trade debts | 44 | €5,467 | €2,821 | -€2,646 | -48.4% |
| Suppliers | 440/4 | €5,467 | €2,821 | -€2,646 | -48.4% |
| Taxes, remuneration and social security | 45 | - | €1,083 | +€1,083 | |
| Taxes | 450/3 | - | €1,083 | +€1,083 | |
| Other amounts payable | 47/48 | €88,954 | €85,823 | -€3,131 | -3.5% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,802 | €6,402 | -€17,400 | -73.1% |
| Other operating charges | 640/8 | €1,441 | €1,486 | +€45 | +3.1% |
| Gross operating margin | 9900 | €39,459 | €26,517 | -€12,942 | -32.8% |
| Operating profit (loss) | 9901 | €14,216 | €18,629 | +€4,413 | +31.0% |
| Financial income | 75/76B | - | €260 | +€260 | |
| Recurring financial income | 75 | - | €260 | +€260 | |
| Financial charges | 65/66B | €28 | - | -€28 | |
| Recurring financial charges | 65 | €28 | - | -€28 | |
| Profit (loss) for the period before taxes | 9903 | €14,188 | €18,889 | +€4,701 | +33.1% |
| Income taxes | 67/77 | - | €1,083 | +€1,083 | |
| Profit (loss) for the period | 9904 | €14,188 | €17,806 | +€3,618 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,188 | €17,806 | +€3,618 | +25.5% |
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 2 October 2026 via checked.be.