IMORA: 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.
IMORA
Largest movements
- Cash +€83,441
up €83,441 (+23.4%), from €357,049 to €440,491
mainly Net result for the year (+€83,966) and Trade debts (+€9,849)
- Receivables within one year +€8,228
new in 2025: €8,228
- Reserves +€83,966
up €83,966 (+16.7%), from €501,673 to €585,640
- Trade debts +€9,849
new in 2025: €9,849
- Gross operating margin -€41,642
down €41,642 (-27.7%), from €150,199 to €108,557
- Taxes -€9,401
down €9,401 (-25.1%), from €37,390 to €27,989
- Financial income +€4,061
new in 2025: €4,061
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 | €527,663 | €619,333 | +€91,670 | +17.4% |
| Fixed assets | 21/28 | €170,614 | €170,614 | = | 0.0% |
| Tangible fixed assets | 22/27 | €170,614 | €170,614 | = | 0.0% |
| Land and buildings | 22 | €170,614 | €170,614 | = | 0.0% |
| Current assets | 29/58 | €357,049 | €448,719 | +€91,670 | +25.7% |
| Amounts receivable within one year | 40/41 | - | €8,228 | +€8,228 | |
| Other amounts receivable | 41 | - | €8,228 | +€8,228 | |
| Cash at bank and in hand | 54/58 | €357,049 | €440,491 | +€83,441 | +23.4% |
| Total equity and liabilities | 10/49 | €527,663 | €619,333 | +€91,670 | +17.4% |
| Equity | 10/15 | €520,273 | €604,240 | +€83,966 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €501,673 | €585,640 | +€83,966 | +16.7% |
| Distributable reserves | 133 | €501,673 | €585,640 | +€83,966 | +16.7% |
| Amounts payable | 17/49 | €7,390 | €15,093 | +€7,703 | +104.2% |
| Amounts payable within one year | 42/48 | €7,390 | €15,093 | +€7,703 | +104.2% |
| Trade debts | 44 | - | €9,849 | +€9,849 | |
| Suppliers | 440/4 | - | €9,849 | +€9,849 | |
| Taxes, remuneration and social security | 45 | €7,390 | €5,244 | -€2,146 | -29.0% |
| Taxes | 450/3 | €7,390 | €5,244 | -€2,146 | -29.0% |
| Other operating charges | 640/8 | €387 | €407 | +€20 | +5.2% |
| Gross operating margin | 9900 | €150,199 | €108,557 | -€41,642 | -27.7% |
| Operating profit (loss) | 9901 | €149,811 | €108,150 | -€41,662 | -27.8% |
| Financial income | 75/76B | - | €4,061 | +€4,061 | |
| Recurring financial income | 75 | - | €4,061 | +€4,061 | |
| Financial charges | 65/66B | €255 | €255 | +€0 | +0.1% |
| Recurring financial charges | 65 | €255 | €255 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €149,556 | €111,955 | -€37,601 | -25.1% |
| Income taxes | 67/77 | €37,390 | €27,989 | -€9,401 | -25.1% |
| Profit (loss) for the period | 9904 | €112,166 | €83,966 | -€28,200 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,166 | €83,966 | -€28,200 | -25.1% |
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 8 October 2026 via checked.be.