IMOTEP: 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.
IMOTEP
Largest movements
- Receivables within one year +€9,051
up €9,051 (+98.8%), from €9,157 to €18,208
- Cash -€7,132
down €7,132 (-54.4%), from €13,101 to €5,970
mainly Investment in fixed assets (net) (-€16,090) and Receivables within one year (-€9,051)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€1,800
up €1,800 (+12.9%), from €13,994 to €15,794
- Gross operating margin -€997
down €997 (-4.5%), from €22,148 to €21,151
- Taxes -€500
down €500 (-39.7%), from €1,259 to €759
- Financial income +€424
up €424 (+269.3%), from €157 to €581
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 | €254,381 | €256,605 | +€2,224 | +0.9% |
| Fixed assets | 21/28 | €231,744 | €232,040 | +€296 | +0.1% |
| Tangible fixed assets | 22/27 | €231,744 | €232,040 | +€296 | +0.1% |
| Land and buildings | 22 | €231,744 | €229,663 | -€2,081 | -0.9% |
| Furniture and vehicles | 24 | - | €2,377 | +€2,377 | |
| Current assets | 29/58 | €22,637 | €24,564 | +€1,927 | +8.5% |
| Amounts receivable within one year | 40/41 | €9,157 | €18,208 | +€9,051 | +98.8% |
| Other amounts receivable | 41 | €9,157 | €18,208 | +€9,051 | +98.8% |
| Cash at bank and in hand | 54/58 | €13,101 | €5,970 | -€7,132 | -54.4% |
| Deferred charges and accrued income | 490/1 | €378 | €387 | +€8 | +2.2% |
| Total equity and liabilities | 10/49 | €254,381 | €256,605 | +€2,224 | +0.9% |
| Equity | 10/15 | €242,158 | €244,804 | +€2,646 | +1.1% |
| Contributions | 10/11 | €94,200 | €94,200 | = | 0.0% |
| Capital | 10 | €94,200 | €94,200 | = | 0.0% |
| Issued capital | 100 | €94,200 | €94,200 | = | 0.0% |
| Revaluation surpluses | 12 | €92,025 | €92,025 | = | 0.0% |
| Reserves | 13 | €3,126 | €3,258 | +€132 | +4.2% |
| Non-distributable reserves | 130/1 | €3,126 | €3,258 | +€132 | +4.2% |
| Legal reserve | 130 | €3,126 | €3,258 | +€132 | +4.2% |
| Profit (loss) carried forward | 14 | €52,808 | €55,322 | +€2,514 | +4.8% |
| Amounts payable | 17/49 | €12,223 | €11,801 | -€423 | -3.5% |
| Amounts payable after more than one year | 17 | €9,942 | €10,221 | +€278 | +2.8% |
| Financial debts | 170/4 | €9,942 | €10,221 | +€278 | +2.8% |
| Amounts payable within one year | 42/48 | €2,281 | €1,580 | -€701 | -30.7% |
| Trade debts | 44 | €228 | €383 | +€156 | +68.4% |
| Suppliers | 440/4 | €228 | €383 | +€156 | +68.4% |
| Taxes, remuneration and social security | 45 | €1,577 | €1,196 | -€381 | -24.1% |
| Taxes | 450/3 | €1,577 | €1,196 | -€381 | -24.1% |
| Other amounts payable | 47/48 | €476 | - | -€476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,994 | €15,794 | +€1,800 | +12.9% |
| Other operating charges | 640/8 | €1,958 | €2,014 | +€56 | +2.9% |
| Gross operating margin | 9900 | €22,148 | €21,151 | -€997 | -4.5% |
| Operating profit (loss) | 9901 | €6,196 | €3,342 | -€2,854 | -46.1% |
| Financial income | 75/76B | €157 | €581 | +€424 | +269.3% |
| Recurring financial income | 75 | €157 | €581 | +€424 | +269.3% |
| Financial charges | 65/66B | €627 | €518 | -€109 | -17.4% |
| Recurring financial charges | 65 | €627 | €518 | -€109 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €5,726 | €3,405 | -€2,321 | -40.5% |
| Income taxes | 67/77 | €1,259 | €759 | -€500 | -39.7% |
| Profit (loss) for the period | 9904 | €4,467 | €2,646 | -€1,821 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,467 | €2,646 | -€1,821 | -40.8% |
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 4 October 2026 via checked.be.