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IMOTROC: 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.

What changed

IMOTROC

BE 0809.770.648
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,167
2024 · €38,428+€5,738
Equity
€123,247
2024 · €79,080+€44,167
Cash
€46,677
2024 · €902+€45,775
Balance sheet total
€849,517
2024 · €767,957+€81,560

Largest movements

2024 to 2025
Assets
  • Cash +€45,775

    up €45,775 (+5076.8%), from €902 to €46,677

    mainly Other debts (+€56,616) and Net result for the year (+€44,167)

  • Tangible fixed assets +€32,079

    up €32,079 (+4.3%), from €743,598 to €775,676

Equity and liabilities
  • Other debts +€56,616

    up €56,616 (+402.6%), from €14,063 to €70,679

  • Reserves +€44,167

    up €44,167 (+114.9%), from €38,428 to €82,595

  • Debts after one year -€30,445

    down €30,445 (-5.2%), from €590,466 to €560,021

Income statement
  • Taxes +€7,450

    up €7,450 (+58.2%), from €12,798 to €20,248

  • Depreciation -€6,090

    down €6,090 (-15.3%), from €39,917 to €33,827

  • Gross operating margin +€5,789

    up €5,789 (+4.2%), from €137,416 to €143,205

  • Financial charges -€2,274

    down €2,274 (-8.9%), from €25,654 to €23,380

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €38,428
Gross operating margin +€5,789
Depreciation +€6,090
Other operating charges -€964
Financial income -€0
Financial charges +€2,274
Taxes -€7,450
Result 2025 €44,167

Cash bridge derived

cash 2024 to 2025

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.

From operations +€136,338
Investment -€65,905
Financing -€24,658
Cash 2024 €902
Net result for the year +€44,167
Depreciation +€33,827
Receivables within one year -€3,588
Smaller working-capital items -€266
Tax, wage and social debts +€4,250
Other debts +€56,616
Accrued charges and deferred income +€1,332
Investment in fixed assets (net) -€65,905
Debts after one year -€30,445
Current portion of long-term debt +€5,787
Cash 2025 €46,677
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €767,957 €849,517 +€81,560 +10.6%
Fixed assets 21/28 €743,598 €775,676 +€32,079 +4.3%
Tangible fixed assets 22/27 €743,598 €775,676 +€32,079 +4.3%
Land and buildings 22 €743,598 €775,676 +€32,079 +4.3%
Current assets 29/58 €24,359 €73,840 +€49,481 +203.1%
Amounts receivable within one year 40/41 €17,100 €20,688 +€3,588 +21.0%
Trade receivables 40 €13,000 €0 -€13,000 -100.0%
Other amounts receivable 41 €4,100 €20,688 +€16,588 +404.6%
Cash at bank and in hand 54/58 €902 €46,677 +€45,775 +5076.8%
Deferred charges and accrued income 490/1 €6,358 €6,476 +€118 +1.9%
Total equity and liabilities 10/49 €767,957 €849,517 +€81,560 +10.6%
Equity 10/15 €79,080 €123,247 +€44,167 +55.9%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €38,428 €82,595 +€44,167 +114.9%
Distributable reserves 133 €38,428 €82,595 +€44,167 +114.9%
Profit (loss) carried forward 14 €22,052 €22,052 = 0.0%
Amounts payable 17/49 €688,877 €726,270 +€37,393 +5.4%
Amounts payable after more than one year 17 €590,466 €560,021 -€30,445 -5.2%
Financial debts 170/4 €590,466 €560,021 -€30,445 -5.2%
Amounts payable within one year 42/48 €98,024 €164,529 +€66,505 +67.8%
Current portion of amounts payable after more than one year 42 €59,885 €65,672 +€5,787 +9.7%
Trade debts 44 €20,177 €20,030 -€147 -0.7%
Suppliers 440/4 €20,177 €20,030 -€147 -0.7%
Taxes, remuneration and social security 45 €3,898 €8,148 +€4,250 +109.0%
Taxes 450/3 €3,898 €8,148 +€4,250 +109.0%
Other amounts payable 47/48 €14,063 €70,679 +€56,616 +402.6%
Accrued charges and deferred income 492/3 €387 €1,720 +€1,332 +344.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €39,917 €33,827 -€6,090 -15.3%
Other operating charges 640/8 €20,619 €21,583 +€964 +4.7%
Gross operating margin 9900 €137,416 €143,205 +€5,789 +4.2%
Operating profit (loss) 9901 €76,880 €87,795 +€10,915 +14.2%
Financial income 75/76B €0 €0 -€0 -100.0%
Recurring financial income 75 €0 €0 -€0 -100.0%
Financial charges 65/66B €25,654 €23,380 -€2,274 -8.9%
Recurring financial charges 65 €25,654 €23,380 -€2,274 -8.9%
Profit (loss) for the period before taxes 9903 €51,227 €64,415 +€13,189 +25.7%
Income taxes 67/77 €12,798 €20,248 +€7,450 +58.2%
Profit (loss) for the period 9904 €38,428 €44,167 +€5,738 +14.9%
Profit (loss) for the period to be appropriated 9905 €38,428 €44,167 +€5,738 +14.9%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.