IMORL: 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.
IMORL
Largest movements
- Cash +€12,027
up €12,027 (+50.9%), from €23,609 to €35,636
mainly Receivables within one year (+€5,410) and Net result for the year (+€4,125)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,187
up €4,187 (+32.3%), from €12,968 to €17,155
- Financial income -€1,238
down €1,238 (-33.2%), from €3,724 to €2,486
- Taxes +€1,170
up €1,170 (+93.8%), from €1,247 to €2,417
- Other operating charges +€345
up €345 (+2.8%), from €12,462 to €12,807
- Staff costs +€176
up €176, from -€176 to €0
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.
Derived cash bridge
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 | €935,213 | €942,763 | +€7,550 | +0.8% |
| Fixed assets | 21/28 | €248,799 | €248,799 | = | 0.0% |
| Tangible fixed assets | 22/27 | €244,769 | €244,769 | = | 0.0% |
| Land and buildings | 22 | €244,769 | €244,769 | = | 0.0% |
| Financial fixed assets | 28 | €4,031 | €4,031 | = | 0.0% |
| Current assets | 29/58 | €686,414 | €693,964 | +€7,550 | +1.1% |
| Amounts receivable within one year | 40/41 | €656,799 | €651,389 | -€5,410 | -0.8% |
| Trade receivables | 40 | €402,120 | €395,840 | -€6,280 | -1.6% |
| Other amounts receivable | 41 | €254,679 | €255,549 | +€870 | +0.3% |
| Cash at bank and in hand | 54/58 | €23,609 | €35,636 | +€12,027 | +50.9% |
| Deferred charges and accrued income | 490/1 | €6,007 | €6,939 | +€933 | +15.5% |
| Total equity and liabilities | 10/49 | €935,213 | €942,763 | +€7,550 | +0.8% |
| Equity | 10/15 | €264,849 | €268,974 | +€4,125 | +1.6% |
| 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 | €196,407 | €200,531 | +€4,125 | +2.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €190,257 | €194,381 | +€4,125 | +2.2% |
| Profit (loss) carried forward | 14 | €6,943 | €6,943 | = | 0.0% |
| Amounts payable | 17/49 | €670,364 | €673,789 | +€3,425 | +0.5% |
| Amounts payable within one year | 42/48 | €670,364 | €673,789 | +€3,425 | +0.5% |
| Trade debts | 44 | €15,987 | €14,687 | -€1,300 | -8.1% |
| Suppliers | 440/4 | €15,987 | €14,687 | -€1,300 | -8.1% |
| Taxes, remuneration and social security | 45 | €13,876 | €15,738 | +€1,861 | +13.4% |
| Taxes | 450/3 | €13,876 | €15,738 | +€1,861 | +13.4% |
| Other amounts payable | 47/48 | €640,501 | €643,364 | +€2,864 | +0.4% |
| Remuneration, social security and pensions | 62 | -€176 | €0 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €12,462 | €12,807 | +€345 | +2.8% |
| Gross operating margin | 9900 | €12,968 | €17,155 | +€4,187 | +32.3% |
| Operating profit (loss) | 9901 | €682 | €4,348 | +€3,666 | +537% |
| Financial income | 75/76B | €3,724 | €2,486 | -€1,238 | -33.2% |
| Recurring financial income | 75 | €3,724 | €2,486 | -€1,238 | -33.2% |
| Financial charges | 65/66B | €119 | €292 | +€173 | +146% |
| Recurring financial charges | 65 | €119 | €292 | +€173 | +146% |
| Profit (loss) for the period before taxes | 9903 | €4,287 | €6,542 | +€2,254 | +52.6% |
| Income taxes | 67/77 | €1,247 | €2,417 | +€1,170 | +93.8% |
| Profit (loss) for the period | 9904 | €3,040 | €4,125 | +€1,085 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,040 | €4,125 | +€1,085 | +35.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.