IMVANO: what changed
What changed
IMVANO
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€335,175
2024 · €15,267+€319,908
Equity
€1.1m
2024 · €806,314+€335,175
Cash
€384,792
2024 · €5,776+€379,016
Balance sheet total
€1.5m
2024 · €961,033+€506,566
Largest movements
Assets
- Cash +€379,016
up €379,016 (+6,562%), from €5,776 to €384,792
mainly Net result for the year (+€335,175) and Tax, wage and social debts (+€159,503)
- Stocks and contracts +€81,912
up €81,912 (+25.1%), from €326,128 to €408,041
- Receivables within one year +€41,865
up €41,865 (+9.5%), from €438,862 to €480,727
of which Other amounts receivable: +€37,140
Equity and liabilities
- Profit (loss) carried forward +€460,143
up €460,143, from -€460,143 to €0
- Tax, wage and social debts +€159,503
up €159,503 (+1,784%), from €8,940 to €168,443
- Reserves -€124,968
down €124,968 (-26.2%), from €477,519 to €352,550
of which Distributable reserves: -€97,968
- Trade debts +€60,757
up €60,757 (+6,023%), from €1,009 to €61,766
- Debts after one year -€24,978
down €24,978 (-54.1%), from €46,154 to €21,176
Income statement
- Write-downs -€306,404
new in 2025: -€306,404
- Taxes +€152,311
up €152,311 (+1,675%), from €9,096 to €161,407
- Gross operating margin +€149,586
up €149,586 (+519%), from €28,849 to €178,435
- Financial income +€15,723
up €15,723 (+2,246,189%), from €1 to €15,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,267
Gross operating margin
+€149,586
Depreciation
-€147
Write-downs
+€306,404
Other operating charges
+€170
Financial income
+€15,723
Financial charges
+€483
Taxes
-€152,311
Result 2025
€335,175
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€406,753
Investment
-€3,223
Financing
-€24,514
Cash 2024
€5,776
From operations (derived)
+€406,753
Net result for the year
+€335,175
Depreciation
+€365
Stocks and contracts
-€81,912
Receivables within one year
-€41,865
Deferred charges and accrued income
-€916
Trade debts
+€60,757
Tax, wage and social debts
+€159,503
Other debts
-€24,355
Investment (derived)
-€3,223
Investment in fixed assets (net)
-€3,223
Financing
-€24,514
Debts after one year
-€24,978
Current portion of long-term debt
+€464
Cash 2025
€384,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €961,033 | €1,467,599 | +€506,566 | +52.7% |
| Fixed assets | 21/28 | €190,000 | €192,858 | +€2,858 | +1.5% |
| Tangible fixed assets | 22/27 | €0 | €2,858 | +€2,858 | |
| Furniture and vehicles | 24 | €0 | €2,858 | +€2,858 | |
| Financial fixed assets | 28 | €190,000 | €190,000 | = | 0.0% |
| Current assets | 29/58 | €771,033 | €1,274,742 | +€503,708 | +65.3% |
| Stocks and contracts in progress | 3 | €326,128 | €408,041 | +€81,912 | +25.1% |
| Stocks | 30/36 | €326,128 | €408,041 | +€81,912 | +25.1% |
| Amounts receivable within one year | 40/41 | €438,862 | €480,727 | +€41,865 | +9.5% |
| Trade receivables | 40 | - | €4,725 | +€4,725 | |
| Other amounts receivable | 41 | €438,862 | €476,001 | +€37,140 | +8.5% |
| Cash at bank and in hand | 54/58 | €5,776 | €384,792 | +€379,016 | +6,562% |
| Deferred charges and accrued income | 490/1 | €267 | €1,183 | +€916 | +342% |
| Total equity and liabilities | 10/49 | €961,033 | €1,467,599 | +€506,566 | +52.7% |
| Equity | 10/15 | €806,314 | €1,141,489 | +€335,175 | +41.6% |
| Contributions | 10/11 | €788,939 | €788,939 | = | 0.0% |
| Capital | 10 | €788,939 | €788,939 | = | 0.0% |
| Issued capital | 100 | €788,939 | €788,939 | = | 0.0% |
| Reserves | 13 | €477,519 | €352,550 | -€124,968 | -26.2% |
| Non-distributable reserves | 130/1 | €44,737 | €44,737 | = | 0.0% |
| Legal reserve | 130 | €44,737 | €44,737 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,786 | €60,786 | -€27,000 | -30.8% |
| Distributable reserves | 133 | €344,995 | €247,027 | -€97,968 | -28.4% |
| Profit (loss) carried forward | 14 | -€460,143 | €0 | +€460,143 | |
| Amounts payable | 17/49 | €154,719 | €326,111 | +€171,392 | +111% |
| Amounts payable after more than one year | 17 | €46,154 | €21,176 | -€24,978 | -54.1% |
| Financial debts | 170/4 | €46,154 | €21,176 | -€24,978 | -54.1% |
| Amounts payable within one year | 42/48 | €108,565 | €304,934 | +€196,370 | +181% |
| Current portion of amounts payable after more than one year | 42 | €24,514 | €24,978 | +€464 | +1.9% |
| Trade debts | 44 | €1,009 | €61,766 | +€60,757 | +6,023% |
| Suppliers | 440/4 | €1,009 | €61,766 | +€60,757 | +6,023% |
| Taxes, remuneration and social security | 45 | €8,940 | €168,443 | +€159,503 | +1,784% |
| Taxes | 450/3 | €8,940 | €168,443 | +€159,503 | +1,784% |
| Other amounts payable | 47/48 | €74,102 | €49,747 | -€24,355 | -32.9% |
| Non-recurring operating income | 76A | €0 | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €365 | +€147 | +66.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€306,404 | -€306,404 | |
| Other operating charges | 640/8 | €1,859 | €1,690 | -€170 | -9.1% |
| Gross operating margin | 9900 | €28,849 | €178,435 | +€149,586 | +519% |
| Operating profit (loss) | 9901 | €26,771 | €482,785 | +€456,013 | +1,703% |
| Financial income | 75/76B | €1 | €15,724 | +€15,723 | +2,246,189% |
| Recurring financial income | 75 | €1 | €15,724 | +€15,723 | +2,246,189% |
| Financial charges | 65/66B | €2,410 | €1,927 | -€483 | -20.0% |
| Recurring financial charges | 65 | €2,410 | €1,927 | -€483 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €24,362 | €496,582 | +€472,219 | +1,938% |
| Income taxes | 67/77 | €9,096 | €161,407 | +€152,311 | +1,675% |
| Profit (loss) for the period | 9904 | €15,267 | €335,175 | +€319,908 | +2,095% |
| Transfer from tax-exempt reserves | 789 | - | €27,000 | +€27,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,267 | €362,175 | +€346,908 | +2,272% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.