IMOTAM: 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.
IMOTAM
Largest movements
- Cash -€59,602
down €59,602 (-25.3%), from €235,189 to €175,587
mainly Current investments (-€41,983) and Deferred charges and accrued income (-€28,444)
- Current investments +€41,983
up €41,983 (+7.1%), from €590,487 to €632,470
- Deferred charges and accrued income +€28,444
up €28,444 (+22547.6%), from €126 to €28,570
- Other debts +€48,987
up €48,987 (+77.3%), from €63,387 to €112,374
- Profit (loss) carried forward -€17,738
down €17,738 (-4.3%), from €409,003 to €391,265
- Debts after one year -€12,712
down €12,712 (-95.0%), from €13,387 to €675
- Provisions -€12,625
down €12,625 (-4.1%), from €305,295 to €292,670
- Gross operating margin -€54,262
down €54,262 (-42.1%), from €128,831 to €74,569
- Financial charges -€9,911
down €9,911 (-35.6%), from €27,855 to €17,944
- Financial income +€1,627
up €1,627 (+22.7%), from €7,170 to €8,797
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,141,453 | €1,145,827 | +€4,374 | +0.4% |
| Fixed assets | 21/28 | €314,384 | €306,461 | -€7,923 | -2.5% |
| Tangible fixed assets | 22/27 | €314,384 | €306,461 | -€7,923 | -2.5% |
| Land and buildings | 22 | €314,384 | €306,461 | -€7,923 | -2.5% |
| Current assets | 29/58 | €827,069 | €839,367 | +€12,297 | +1.5% |
| Amounts receivable within one year | 40/41 | €1,267 | €2,739 | +€1,472 | +116.2% |
| Other amounts receivable | 41 | €1,267 | €2,739 | +€1,472 | +116.2% |
| Current investments | 50/53 | €590,487 | €632,470 | +€41,983 | +7.1% |
| Cash at bank and in hand | 54/58 | €235,189 | €175,587 | -€59,602 | -25.3% |
| Deferred charges and accrued income | 490/1 | €126 | €28,570 | +€28,444 | +22547.6% |
| Total equity and liabilities | 10/49 | €1,141,453 | €1,145,827 | +€4,374 | +0.4% |
| Equity | 10/15 | €757,270 | €739,531 | -€17,738 | -2.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €98,266 | €98,266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €98,266 | €98,266 | = | 0.0% |
| Legal reserve | 130 | €98,266 | €98,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €409,003 | €391,265 | -€17,738 | -4.3% |
| Provisions and deferred taxes | 16 | €305,295 | €292,670 | -€12,625 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €305,295 | €292,670 | -€12,625 | -4.1% |
| Other liabilities and charges | 164/5 | €305,295 | €292,670 | -€12,625 | -4.1% |
| Amounts payable | 17/49 | €78,889 | €113,626 | +€34,738 | +44.0% |
| Amounts payable after more than one year | 17 | €13,387 | €675 | -€12,712 | -95.0% |
| Other amounts payable | 178/9 | €13,387 | €675 | -€12,712 | -95.0% |
| Amounts payable within one year | 42/48 | €65,501 | €112,951 | +€47,450 | +72.4% |
| Financial debts | 43 | €214 | - | -€214 | |
| Credit institutions | 430/8 | €214 | - | -€214 | |
| Trade debts | 44 | €1,900 | €577 | -€1,323 | -69.6% |
| Suppliers | 440/4 | €1,900 | €577 | -€1,323 | -69.6% |
| Other amounts payable | 47/48 | €63,387 | €112,374 | +€48,987 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,318 | €7,923 | +€605 | +8.3% |
| Other operating charges | 640/8 | €7,191 | €7,453 | +€262 | +3.6% |
| Non-recurring operating charges | 66A | €65,657 | €67,247 | +€1,589 | +2.4% |
| Gross operating margin | 9900 | €128,831 | €74,569 | -€54,262 | -42.1% |
| Operating profit (loss) | 9901 | €48,665 | -€8,053 | -€56,718 | |
| Financial income | 75/76B | €7,170 | €8,797 | +€1,627 | +22.7% |
| Recurring financial income | 75 | €7,170 | €8,797 | +€1,627 | +22.7% |
| Financial charges | 65/66B | €27,855 | €17,944 | -€9,911 | -35.6% |
| Recurring financial charges | 65 | €27,855 | €17,944 | -€9,911 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €27,979 | -€17,201 | -€45,180 | |
| Income taxes | 67/77 | €602 | €538 | -€65 | -10.7% |
| Profit (loss) for the period | 9904 | €27,377 | -€17,738 | -€45,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,377 | -€17,738 | -€45,115 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.