IMRO GROUP: 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.
IMRO GROUP
Largest movements
- Receivables within one year -€34,898
down €34,898 (-53.2%), from €65,645 to €30,747
of which Trade receivables: -€34,898
- Intangible fixed assets -€5,000
down €5,000 (-11.4%), from €43,740 to €38,740
- Stocks and contracts -€2,500
down €2,500 (-83.3%), from €3,000 to €500
- Cash +€2,293
up €2,293 (+113.3%), from €2,024 to €4,317
mainly Receivables within one year (+€34,898) and Depreciation (+€7,141)
- Tangible fixed assets -€2,141
down €2,141 (-77.2%), from €2,773 to €632
of which Furniture and vehicles: -€2,051
- Debts after one year -€19,788
down €19,788 (-58.7%), from €33,738 to €13,950
- Other debts -€12,596
down €12,596 (-51.5%), from €24,467 to €11,871
- Reserves -€5,042
down €5,042 (-42.2%), from €11,950 to €6,908
- Tax, wage and social debts -€4,499
down €4,499 (-34.4%), from €13,079 to €8,580
of which Taxes: -€4,446
- Trade debts -€3,680
down €3,680 (-47.8%), from €7,694 to €4,013
- Other operating charges +€17,508
up €17,508 (+222.3%), from €7,877 to €25,385
- Staff costs -€12,869
down €12,869 (-90.6%), from €14,203 to €1,333
- Gross operating margin +€7,552
up €7,552 (+17.8%), from €42,435 to €49,988
- Financial charges -€3,016
down €3,016 (-34.0%), from €8,879 to €5,863
- Taxes +€2,744
up €2,744 (+416.3%), from €659 to €3,404
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 | €118,532 | €74,935 | -€43,597 | -36.8% |
| Fixed assets | 21/28 | €46,513 | €39,371 | -€7,141 | -15.4% |
| Intangible fixed assets | 21 | €43,740 | €38,740 | -€5,000 | -11.4% |
| Tangible fixed assets | 22/27 | €2,773 | €632 | -€2,141 | -77.2% |
| Plant, machinery and equipment | 23 | €340 | €250 | -€91 | -26.6% |
| Furniture and vehicles | 24 | €2,433 | €382 | -€2,051 | -84.3% |
| Current assets | 29/58 | €72,019 | €35,564 | -€36,455 | -50.6% |
| Stocks and contracts in progress | 3 | €3,000 | €500 | -€2,500 | -83.3% |
| Stocks | 30/36 | €3,000 | €500 | -€2,500 | -83.3% |
| Amounts receivable within one year | 40/41 | €65,645 | €30,747 | -€34,898 | -53.2% |
| Trade receivables | 40 | €57,645 | €22,747 | -€34,898 | -60.5% |
| Other amounts receivable | 41 | €8,000 | €8,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,024 | €4,317 | +€2,293 | +113.3% |
| Deferred charges and accrued income | 490/1 | €1,350 | €0 | -€1,350 | -100.0% |
| Total equity and liabilities | 10/49 | €118,532 | €74,935 | -€43,597 | -36.8% |
| Equity | 10/15 | €13,950 | €8,908 | -€5,042 | -36.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,950 | €6,908 | -€5,042 | -42.2% |
| Distributable reserves | 133 | €11,950 | €6,908 | -€5,042 | -42.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €104,581 | €66,027 | -€38,554 | -36.9% |
| Amounts payable after more than one year | 17 | €33,738 | €13,950 | -€19,788 | -58.7% |
| Financial debts | 170/4 | €33,738 | €13,950 | -€19,788 | -58.7% |
| Amounts payable within one year | 42/48 | €70,843 | €51,494 | -€19,349 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €18,504 | €19,788 | +€1,284 | +6.9% |
| Financial debts | 43 | €7,100 | €7,242 | +€143 | +2.0% |
| Credit institutions | 430/8 | €7,100 | €7,242 | +€143 | +2.0% |
| Trade debts | 44 | €7,694 | €4,013 | -€3,680 | -47.8% |
| Suppliers | 440/4 | €7,694 | €4,013 | -€3,680 | -47.8% |
| Taxes, remuneration and social security | 45 | €13,079 | €8,580 | -€4,499 | -34.4% |
| Taxes | 450/3 | €13,026 | €8,580 | -€4,446 | -34.1% |
| Remuneration and social security | 454/9 | €53 | €0 | -€53 | -100.0% |
| Other amounts payable | 47/48 | €24,467 | €11,871 | -€12,596 | -51.5% |
| Accrued charges and deferred income | 492/3 | - | €583 | +€583 | |
| Remuneration, social security and pensions | 62 | €14,203 | €1,333 | -€12,869 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,065 | €7,141 | -€924 | -11.5% |
| Other operating charges | 640/8 | €7,877 | €25,385 | +€17,508 | +222.3% |
| Gross operating margin | 9900 | €42,435 | €49,988 | +€7,552 | +17.8% |
| Operating profit (loss) | 9901 | €12,291 | €16,128 | +€3,837 | +31.2% |
| Financial income | 75/76B | €0 | €47 | +€47 | +117000.0% |
| Recurring financial income | 75 | €0 | €47 | +€47 | +117000.0% |
| Financial charges | 65/66B | €8,879 | €5,863 | -€3,016 | -34.0% |
| Recurring financial charges | 65 | €8,879 | €5,863 | -€3,016 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €3,411 | €10,312 | +€6,901 | +202.3% |
| Income taxes | 67/77 | €659 | €3,404 | +€2,744 | +416.3% |
| Profit (loss) for the period | 9904 | €2,752 | €6,908 | +€4,156 | +151.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,752 | €6,908 | +€4,156 | +151.0% |
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 30 September 2026 via checked.be.