IMOTURK: 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.
IMOTURK
Largest movements
- Tangible fixed assets -€725,106
down €725,106 (-10.1%), from €7.2m to €6.4m
of which Land and buildings: -€856,907
- Intangible fixed assets +€472,166
new in 2025: €472,166
- Financial fixed assets -€372,303
down €372,303 (-12.3%), from €3.0m to €2.7m
- Cash +€262,922
up €262,922 (+1,199%), from €21,931 to €284,852
mainly Net result for the year (+€1.7m) and Provisions (+€424,473)
- Receivables within one year +€198,054
up €198,054 (+43.9%), from €451,450 to €649,504
of which Other amounts receivable: +€188,281
- Debts after one year -€2.1m
down €2.1m (-22.4%), from €9.6m to €7.4m
of which Financial debts: -€1.5m
- Reserves +€1.3m
up €1.3m (+12,734%), from €10,000 to €1.3m
of which Tax-exempt reserves: +€1.3m
- Provisions +€424,473
new in 2025: €424,473
- Other debts +€205,626
up €205,626 (+119%), from €173,125 to €378,751
- Profit (loss) carried forward +€177,190
up €177,190 (+319%), from €55,596 to €232,786
- Gross operating margin +€1.8m
up €1.8m (+173%), from €1.1m to €2.9m
- Financial income +€800,294
up €800,294 (+19,191,697%), from €4 to €800,298
- Financial charges +€412,253
up €412,253 (+118%), from €349,031 to €761,284
of which Non-recurring financial charges: +€372,301
- Depreciation +€90,262
up €90,262 (+27.7%), from €326,003 to €416,265
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 | €10,649,875 | €10,496,210 | -€153,665 | -1.4% |
| Fixed assets | 21/28 | €10,174,040 | €9,548,798 | -€625,242 | -6.1% |
| Intangible fixed assets | 21 | - | €472,166 | +€472,166 | |
| Tangible fixed assets | 22/27 | €7,150,667 | €6,425,562 | -€725,106 | -10.1% |
| Land and buildings | 22 | €7,103,718 | €6,246,811 | -€856,907 | -12.1% |
| Plant, machinery and equipment | 23 | - | €6,477 | +€6,477 | |
| Furniture and vehicles | 24 | €10,436 | €70,901 | +€60,465 | +579% |
| Leasing and similar rights | 25 | €36,513 | €88,542 | +€52,029 | +142% |
| Assets under construction and advance payments | 27 | - | €12,830 | +€12,830 | |
| Financial fixed assets | 28 | €3,023,373 | €2,651,070 | -€372,303 | -12.3% |
| Current assets | 29/58 | €475,835 | €947,412 | +€471,577 | +99.1% |
| Amounts receivable within one year | 40/41 | €451,450 | €649,504 | +€198,054 | +43.9% |
| Trade receivables | 40 | €115,290 | €125,063 | +€9,773 | +8.5% |
| Other amounts receivable | 41 | €336,160 | €524,441 | +€188,281 | +56.0% |
| Cash at bank and in hand | 54/58 | €21,931 | €284,852 | +€262,922 | +1,199% |
| Deferred charges and accrued income | 490/1 | €2,454 | €13,056 | +€10,602 | +432% |
| Total equity and liabilities | 10/49 | €10,649,875 | €10,496,210 | -€153,665 | -1.4% |
| Equity | 10/15 | €165,596 | €1,616,206 | +€1.5m | +876% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €1,283,420 | +€1.3m | +12,734% |
| Tax-exempt reserves | 132 | - | €1,273,420 | +€1.3m | |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,596 | €232,786 | +€177,190 | +319% |
| Provisions and deferred taxes | 16 | - | €424,473 | +€424,473 | |
| Deferred taxes | 168 | - | €424,473 | +€424,473 | |
| Amounts payable | 17/49 | €10,484,279 | €8,455,531 | -€2.0m | -19.4% |
| Amounts payable after more than one year | 17 | €9,558,510 | €7,413,135 | -€2.1m | -22.4% |
| Financial debts | 170/4 | €8,378,510 | €6,858,135 | -€1.5m | -18.1% |
| Advances received on contracts in progress | 176 | - | €8,000 | +€8,000 | |
| Other amounts payable | 178/9 | €1,180,000 | €547,000 | -€633,000 | -53.6% |
| Amounts payable within one year | 42/48 | €830,386 | €960,366 | +€129,979 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €545,799 | €467,616 | -€78,183 | -14.3% |
| Financial debts | 43 | - | €5,058 | +€5,058 | |
| Credit institutions | 430/8 | - | €5,058 | +€5,058 | |
| Trade debts | 44 | €24,558 | €42,133 | +€17,575 | +71.6% |
| Suppliers | 440/4 | €24,558 | €42,133 | +€17,575 | +71.6% |
| Taxes, remuneration and social security | 45 | €86,904 | €66,808 | -€20,096 | -23.1% |
| Taxes | 450/3 | €38,651 | €19,327 | -€19,325 | -50.0% |
| Remuneration and social security | 454/9 | €48,253 | €47,482 | -€771 | -1.6% |
| Other amounts payable | 47/48 | €173,125 | €378,751 | +€205,626 | +119% |
| Accrued charges and deferred income | 492/3 | €95,383 | €82,031 | -€13,352 | -14.0% |
| Non-recurring operating income | 76A | - | €1,901,561 | +€1.9m | |
| Remuneration, social security and pensions | 62 | €259,039 | €284,094 | +€25,055 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326,003 | €416,265 | +€90,262 | +27.7% |
| Other operating charges | 640/8 | €45,961 | €52,578 | +€6,617 | +14.4% |
| Gross operating margin | 9900 | €1,052,713 | €2,870,452 | +€1.8m | +173% |
| Operating profit (loss) | 9901 | €421,709 | €2,117,515 | +€1.7m | +402% |
| Financial income | 75/76B | €4 | €800,298 | +€800,294 | +19,191,697% |
| Recurring financial income | 75 | €4 | €800,298 | +€800,294 | +19,191,697% |
| Financial charges | 65/66B | €349,031 | €761,284 | +€412,253 | +118% |
| Recurring financial charges | 65 | €349,031 | €388,983 | +€39,952 | +11.4% |
| Non-recurring financial charges | 66B | - | €372,301 | +€372,301 | |
| Profit (loss) for the period before taxes | 9903 | €72,682 | €2,156,529 | +€2.1m | +2,867% |
| Transfer from deferred taxes | 780 | - | €48,099 | +€48,099 | |
| Transfer to deferred taxes | 680 | - | €472,572 | +€472,572 | |
| Income taxes | 67/77 | €31,507 | €41,446 | +€9,939 | +31.5% |
| Profit (loss) for the period | 9904 | €41,175 | €1,690,610 | +€1.6m | +4,006% |
| Transfer from tax-exempt reserves | 789 | - | €144,296 | +€144,296 | |
| Transfer to tax-exempt reserves | 689 | - | €1,417,716 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €41,175 | €417,190 | +€376,015 | +913% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.