Imperia 18: 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.
Imperia 18
Largest movements
- Tangible fixed assets +€151,943
up €151,943 (+9.8%), from €1.5m to €1.7m
- Cash +€22,793
up €22,793 (+3,665%), from €622 to €23,415
mainly Other debts (+€373,778) and Current portion of long-term debt (+€90,616)
- Other debts +€373,778
new in 2025: €373,778
- Debts after one year -€156,057
down €156,057 (-9.1%), from €1.7m to €1.6m
of which Other amounts payable: -€1.7m
- Current portion of long-term debt +€90,616
new in 2025: €90,616
- Profit (loss) carried forward -€63,237
down €63,237 (-24.5%), from -€258,029 to -€321,266
- Accrued charges and deferred income -€39,647
down €39,647 (-65.2%), from €60,781 to €21,134
- Other operating charges -€34,089
down €34,089 (-96.0%), from €35,504 to €1,415
- Gross operating margin +€20,051
up €20,051, from -€5,858 to €14,193
- Financial charges +€5,010
up €5,010 (+19.8%), from €25,326 to €30,336
- Depreciation +€3,123
up €3,123 (+7.3%), from €42,555 to €45,678
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 | €1,559,004 | €1,737,327 | +€178,323 | +11.4% |
| Formation expenses | 20 | - | €8,443 | +€8,443 | |
| Fixed assets | 21/28 | €1,547,648 | €1,699,591 | +€151,943 | +9.8% |
| Tangible fixed assets | 22/27 | €1,547,648 | €1,699,591 | +€151,943 | +9.8% |
| Land and buildings | 22 | €1,547,648 | €1,699,591 | +€151,943 | +9.8% |
| Current assets | 29/58 | €11,356 | €29,292 | +€17,936 | +158% |
| Amounts receivable after more than one year | 29 | €10,734 | - | -€10,734 | |
| Trade receivables | 290 | €10,734 | - | -€10,734 | |
| Amounts receivable within one year | 40/41 | - | €70 | +€70 | |
| Other amounts receivable | 41 | - | €70 | +€70 | |
| Cash at bank and in hand | 54/58 | €622 | €23,415 | +€22,793 | +3,665% |
| Deferred charges and accrued income | 490/1 | - | €5,807 | +€5,807 | |
| Total equity and liabilities | 10/49 | €1,559,004 | €1,737,327 | +€178,323 | +11.4% |
| Equity | 10/15 | -€257,029 | -€320,266 | -€63,237 | -24.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,029 | -€321,266 | -€63,237 | -24.5% |
| Amounts payable | 17/49 | €1,816,033 | €2,057,593 | +€241,560 | +13.3% |
| Amounts payable after more than one year | 17 | €1,721,316 | €1,565,259 | -€156,057 | -9.1% |
| Financial debts | 170/4 | - | €1,565,259 | +€1.6m | |
| Other amounts payable | 178/9 | €1,721,316 | - | -€1.7m | |
| Amounts payable within one year | 42/48 | €33,936 | €471,199 | +€437,263 | +1,288% |
| Current portion of amounts payable after more than one year | 42 | - | €90,616 | +€90,616 | |
| Trade debts | 44 | €33,936 | €6,805 | -€27,131 | -79.9% |
| Suppliers | 440/4 | €33,936 | €6,805 | -€27,131 | -79.9% |
| Other amounts payable | 47/48 | - | €373,778 | +€373,778 | |
| Accrued charges and deferred income | 492/3 | €60,781 | €21,134 | -€39,647 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,555 | €45,678 | +€3,123 | +7.3% |
| Other operating charges | 640/8 | €35,504 | €1,415 | -€34,089 | -96.0% |
| Gross operating margin | 9900 | -€5,858 | €14,193 | +€20,051 | |
| Operating profit (loss) | 9901 | -€83,917 | -€32,901 | +€51,016 | +60.8% |
| Financial charges | 65/66B | €25,326 | €30,336 | +€5,010 | +19.8% |
| Recurring financial charges | 65 | €25,326 | €30,336 | +€5,010 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€109,243 | -€63,238 | +€46,005 | +42.1% |
| Profit (loss) for the period | 9904 | -€109,243 | -€63,238 | +€46,005 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,243 | -€63,238 | +€46,005 | +42.1% |
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 20 October 2026 via checked.be.