IMOTI: 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.
IMOTI
Largest movements
- Cash +€218,107
up €218,107 (+3882.2%), from €5,618 to €223,725
mainly Net result for the year (+€193,986) and Depreciation (+€144,283)
- Tangible fixed assets -€103,275
down €103,275 (-5.5%), from €1.9m to €1.8m
of which Land and buildings: -€103,275
- Current investments +€65,000
up €65,000 (+185.7%), from €35,000 to €100,000
- Receivables within one year -€26,846
down €26,846 (-34.2%), from €78,417 to €51,571
of which Other amounts receivable: -€20,364
- Reserves +€122,624
up €122,624 (+16.4%), from €747,353 to €869,977
of which Distributable reserves: +€118,484
- Short-term financial debts +€36,379
up €36,379 (+9.4%), from €387,976 to €424,356
- Gross operating margin +€117,543
up €117,543 (+33.2%), from €353,517 to €471,060
- Taxes +€42,507
up €42,507 (+86.2%), from €49,286 to €91,793
- Depreciation -€16,197
down €16,197 (-10.1%), from €160,479 to €144,283
- Financial charges -€5,675
down €5,675 (-22.2%), from €25,537 to €19,863
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 | €2,008,452 | €2,163,070 | +€154,618 | +7.7% |
| Fixed assets | 21/28 | €1,889,415 | €1,786,139 | -€103,275 | -5.5% |
| Tangible fixed assets | 22/27 | €1,889,415 | €1,786,139 | -€103,275 | -5.5% |
| Land and buildings | 22 | €1,889,415 | €1,786,139 | -€103,275 | -5.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €119,037 | €376,931 | +€257,893 | +216.6% |
| Amounts receivable within one year | 40/41 | €78,417 | €51,571 | -€26,846 | -34.2% |
| Trade receivables | 40 | €58,032 | €51,550 | -€6,482 | -11.2% |
| Other amounts receivable | 41 | €20,385 | €21 | -€20,364 | -99.9% |
| Current investments | 50/53 | €35,000 | €100,000 | +€65,000 | +185.7% |
| Cash at bank and in hand | 54/58 | €5,618 | €223,725 | +€218,107 | +3882.2% |
| Deferred charges and accrued income | 490/1 | €2 | €1,635 | +€1,632 | +67449.2% |
| Total equity and liabilities | 10/49 | €2,008,452 | €2,163,070 | +€154,618 | +7.7% |
| Equity | 10/15 | €1,578,353 | €1,700,977 | +€122,624 | +7.8% |
| Contributions | 10/11 | €831,000 | €831,000 | = | 0.0% |
| Capital | 10 | €831,000 | €831,000 | = | 0.0% |
| Issued capital | 100 | €831,000 | €831,000 | = | 0.0% |
| Reserves | 13 | €747,353 | €869,977 | +€122,624 | +16.4% |
| Non-distributable reserves | 130/1 | €51,179 | €61,171 | +€9,992 | +19.5% |
| Legal reserve | 130 | €51,179 | €61,171 | +€9,992 | +19.5% |
| Tax-exempt reserves | 132 | €44,226 | €38,373 | -€5,852 | -13.2% |
| Distributable reserves | 133 | €651,948 | €770,433 | +€118,484 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €15,052 | €13,102 | -€1,951 | -13.0% |
| Deferred taxes | 168 | €15,052 | €13,102 | -€1,951 | -13.0% |
| Amounts payable | 17/49 | €415,047 | €448,991 | +€33,945 | +8.2% |
| Amounts payable after more than one year | 17 | €4,090 | €4,090 | = | 0.0% |
| Other amounts payable | 178/9 | €4,090 | €4,090 | = | 0.0% |
| Amounts payable within one year | 42/48 | €398,157 | €444,901 | +€46,744 | +11.7% |
| Financial debts | 43 | €387,976 | €424,356 | +€36,379 | +9.4% |
| Other loans | 439 | €387,976 | €424,356 | +€36,379 | +9.4% |
| Trade debts | 44 | €2,566 | €3,159 | +€593 | +23.1% |
| Suppliers | 440/4 | €2,566 | €3,159 | +€593 | +23.1% |
| Taxes, remuneration and social security | 45 | €7,615 | €17,387 | +€9,772 | +128.3% |
| Taxes | 450/3 | €7,615 | €17,387 | +€9,772 | +128.3% |
| Accrued charges and deferred income | 492/3 | €12,800 | €0 | -€12,800 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,479 | €144,283 | -€16,197 | -10.1% |
| Other operating charges | 640/8 | €22,142 | €24,528 | +€2,386 | +10.8% |
| Gross operating margin | 9900 | €353,517 | €471,060 | +€117,543 | +33.2% |
| Operating profit (loss) | 9901 | €170,895 | €302,249 | +€131,354 | +76.9% |
| Financial income | 75/76B | €2,166 | €1,442 | -€725 | -33.5% |
| Recurring financial income | 75 | €2,166 | €1,442 | -€725 | -33.5% |
| Financial charges | 65/66B | €25,537 | €19,863 | -€5,675 | -22.2% |
| Recurring financial charges | 65 | €25,537 | €19,863 | -€5,675 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €147,524 | €283,828 | +€136,303 | +92.4% |
| Transfer from deferred taxes | 780 | €2,143 | €1,951 | -€192 | -9.0% |
| Income taxes | 67/77 | €49,286 | €91,793 | +€42,507 | +86.2% |
| Profit (loss) for the period | 9904 | €100,382 | €193,986 | +€93,604 | +93.2% |
| Transfer from tax-exempt reserves | 789 | €6,429 | €5,852 | -€576 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,810 | €199,838 | +€93,028 | +87.1% |
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 3 October 2026 via checked.be.