IMOPTIK: 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.
IMOPTIK
Largest movements
- Cash +€171,909
up €171,909 (+1268.9%), from €13,548 to €185,457
- Receivables within one year +€71,012
up €71,012 (+11.1%), from €640,332 to €711,344
of which Trade receivables: +€92,608
- Tangible fixed assets -€47,658
down €47,658 (-12.6%), from €378,682 to €331,024
of which Land and buildings: -€140,016
- Reserves +€146,598
up €146,598 (+105.1%), from €139,500 to €286,098
of which Distributable reserves: +€95,500
- Current portion of long-term debt -€32,030
down €32,030 (-24.5%), from €130,902 to €98,872
- Debts after one year +€21,868
up €21,868 (+4.0%), from €552,955 to €574,824
- Other debts +€20,405
up €20,405 (+11.0%), from €186,106 to €206,511
- Provisions +€19,199
new in 2025: €19,199
- Gross operating margin +€176,293
up €176,293 (+84.0%), from €209,901 to €386,194
- Financial charges +€19,564
up €19,564 (+52.6%), from €37,163 to €56,727
- Taxes +€11,387
up €11,387 (+24.4%), from €46,595 to €57,982
- Other operating charges +€4,143
up €4,143 (+76.1%), from €5,444 to €9,587
- Depreciation +€4,009
up €4,009 (+6.5%), from €62,072 to €66,081
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,340,151 | €1,535,189 | +€195,039 | +14.6% |
| Fixed assets | 21/28 | €683,682 | €636,024 | -€47,658 | -7.0% |
| Tangible fixed assets | 22/27 | €378,682 | €331,024 | -€47,658 | -12.6% |
| Land and buildings | 22 | €240,528 | €100,512 | -€140,016 | -58.2% |
| Plant, machinery and equipment | 23 | €1,098 | €4,711 | +€3,613 | +329.0% |
| Furniture and vehicles | 24 | €29,918 | €101,001 | +€71,083 | +237.6% |
| Other tangible fixed assets | 26 | €107,138 | €124,800 | +€17,662 | +16.5% |
| Financial fixed assets | 28 | €305,000 | €305,000 | = | 0.0% |
| Current assets | 29/58 | €656,468 | €899,165 | +€242,697 | +37.0% |
| Amounts receivable within one year | 40/41 | €640,332 | €711,344 | +€71,012 | +11.1% |
| Trade receivables | 40 | €255,871 | €348,478 | +€92,608 | +36.2% |
| Other amounts receivable | 41 | €384,462 | €362,866 | -€21,595 | -5.6% |
| Cash at bank and in hand | 54/58 | €13,548 | €185,457 | +€171,909 | +1268.9% |
| Deferred charges and accrued income | 490/1 | €2,588 | €2,364 | -€224 | -8.7% |
| Total equity and liabilities | 10/49 | €1,340,151 | €1,535,189 | +€195,039 | +14.6% |
| Equity | 10/15 | €426,111 | €574,119 | +€148,007 | +34.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €139,500 | €286,098 | +€146,598 | +105.1% |
| Non-distributable reserves | 130/1 | €6,500 | - | -€6,500 | |
| Reserves not available under the articles | 1311 | €6,500 | - | -€6,500 | |
| Tax-exempt reserves | 132 | - | €57,598 | +€57,598 | |
| Distributable reserves | 133 | €133,000 | €228,500 | +€95,500 | +71.8% |
| Profit (loss) carried forward | 14 | €221,611 | €223,021 | +€1,409 | +0.6% |
| Provisions and deferred taxes | 16 | - | €19,199 | +€19,199 | |
| Deferred taxes | 168 | - | €19,199 | +€19,199 | |
| Amounts payable | 17/49 | €914,039 | €941,871 | +€27,832 | +3.0% |
| Amounts payable after more than one year | 17 | €552,955 | €574,824 | +€21,868 | +4.0% |
| Financial debts | 170/4 | €552,955 | €574,824 | +€21,868 | +4.0% |
| Amounts payable within one year | 42/48 | €356,308 | €351,870 | -€4,438 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €130,902 | €98,872 | -€32,030 | -24.5% |
| Trade debts | 44 | €11,547 | €17,445 | +€5,898 | +51.1% |
| Suppliers | 440/4 | €11,547 | €17,445 | +€5,898 | +51.1% |
| Advances received on contracts in progress | 46 | - | €1,109 | +€1,109 | |
| Taxes, remuneration and social security | 45 | €27,753 | €27,933 | +€180 | +0.7% |
| Taxes | 450/3 | €27,753 | €27,933 | +€180 | +0.7% |
| Other amounts payable | 47/48 | €186,106 | €206,511 | +€20,405 | +11.0% |
| Accrued charges and deferred income | 492/3 | €4,776 | €15,177 | +€10,402 | +217.8% |
| Non-recurring operating income | 76A | €17,732 | €88,336 | +€70,604 | +398.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,072 | €66,081 | +€4,009 | +6.5% |
| Other operating charges | 640/8 | €5,444 | €9,587 | +€4,143 | +76.1% |
| Gross operating margin | 9900 | €209,901 | €386,194 | +€176,293 | +84.0% |
| Operating profit (loss) | 9901 | €142,385 | €310,526 | +€168,141 | +118.1% |
| Financial income | 75/76B | €2,120 | €1,391 | -€729 | -34.4% |
| Recurring financial income | 75 | €2,120 | €1,391 | -€729 | -34.4% |
| Financial charges | 65/66B | €37,163 | €56,727 | +€19,564 | +52.6% |
| Recurring financial charges | 65 | €37,163 | €56,727 | +€19,564 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €107,342 | €255,189 | +€147,847 | +137.7% |
| Transfer to deferred taxes | 680 | - | €19,199 | +€19,199 | |
| Income taxes | 67/77 | €46,595 | €57,982 | +€11,387 | +24.4% |
| Profit (loss) for the period | 9904 | €60,747 | €178,007 | +€117,260 | +193.0% |
| Transfer to tax-exempt reserves | 689 | - | €57,598 | +€57,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,747 | €120,409 | +€59,662 | +98.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.