Imvil: 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.
What changed
Imvil
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€46,566
2024 · €241,989-€288,555
Equity
€1.8m
2024 · €1.8m-€46,566
Cash
€6,160
2024 · €2,324+€3,836
Balance sheet total
€3.3m
2024 · €3.5m-€175,433
Largest movements
Assets
- Tangible fixed assets -€64,857
down €64,857 (-4.1%), from €1.6m to €1.5m
of which Land and buildings: -€72,888
- Financial fixed assets -€61,650
down €61,650 (-3.3%), from €1.9m to €1.8m
- Receivables within one year -€52,406
down €52,406 (-82.8%), from €63,306 to €10,900
of which Trade receivables: -€53,606
Equity and liabilities
- Debts after one year -€78,139
down €78,139 (-7.8%), from €997,548 to €919,409
of which Financial debts: -€78,179
- Trade debts -€48,121
down €48,121 (-43.8%), from €109,929 to €61,808
- Reserves -€42,939
down €42,939 (-3.4%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€42,939
Income statement
- Gross operating margin -€773,080
down €773,080 (-92.1%), from €839,009 to €65,929
- Other operating charges -€212,538
down €212,538 (-94.4%), from €225,216 to €12,678
- Financial charges -€87,339
down €87,339 (-71.0%), from €122,940 to €35,601
- Depreciation -€56,371
down €56,371 (-41.6%), from €135,478 to €79,107
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.
Result 2024
€241,989
Gross operating margin
-€773,080
Depreciation
+€56,371
Other operating charges
+€212,538
Other operating items
+€42,300
Financial income
+€42
Financial charges
+€87,339
Taxes
-€2,540
Deferred taxes and other
+€88,475
Result 2025
-€46,566
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€31,307
Investment
+€47,400
Financing
-€74,871
Cash 2024
€2,324
From operations (derived)
+€31,307
Net result for the year
-€46,566
Depreciation
+€79,107
Stocks and contracts
+€0
Receivables within one year
+€52,406
Deferred charges and accrued income
+€356
Provisions
-€18,036
Trade debts
-€48,121
Advances received
+€11,950
Other debts
+€1,978
Accrued charges and deferred income
-€1,768
Investment (derived)
+€47,400
Investment in fixed assets (net)
+€47,400
Financing
-€74,871
Debts after one year
-€78,139
Current portion of long-term debt
+€3,268
Cash 2025
€6,160
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,514,000 | €3,338,567 | -€175,433 | -5.0% |
| Fixed assets | 21/28 | €3,443,082 | €3,316,576 | -€126,507 | -3.7% |
| Tangible fixed assets | 22/27 | €1,570,049 | €1,505,192 | -€64,857 | -4.1% |
| Land and buildings | 22 | €1,570,049 | €1,497,161 | -€72,888 | -4.6% |
| Plant, machinery and equipment | 23 | - | €8,031 | +€8,031 | |
| Financial fixed assets | 28 | €1,873,034 | €1,811,384 | -€61,650 | -3.3% |
| Current assets | 29/58 | €70,918 | €21,991 | -€48,927 | -69.0% |
| Stocks and contracts in progress | 3 | €55 | €54 | -€0 | -0.8% |
| Stocks | 30/36 | €55 | €54 | -€0 | -0.8% |
| Amounts receivable within one year | 40/41 | €63,306 | €10,900 | -€52,406 | -82.8% |
| Trade receivables | 40 | €63,306 | €9,700 | -€53,606 | -84.7% |
| Other amounts receivable | 41 | - | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €2,324 | €6,160 | +€3,836 | +165% |
| Deferred charges and accrued income | 490/1 | €5,233 | €4,877 | -€356 | -6.8% |
| Total equity and liabilities | 10/49 | €3,514,000 | €3,338,567 | -€175,433 | -5.0% |
| Equity | 10/15 | €1,842,516 | €1,795,950 | -€46,566 | -2.5% |
| Contributions | 10/11 | €559,739 | €559,739 | = | 0.0% |
| Capital | 10 | €555,000 | €555,000 | = | 0.0% |
| Issued capital | 100 | €555,000 | €555,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,739 | €4,739 | = | 0.0% |
| Share premium | 1100/10 | €4,739 | €4,739 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,270,244 | €1,227,306 | -€42,939 | -3.4% |
| Non-distributable reserves | 130/1 | €40,100 | €40,100 | = | 0.0% |
| Legal reserve | 130 | €40,100 | €40,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,230,144 | €1,187,206 | -€42,939 | -3.5% |
| Profit (loss) carried forward | 14 | €12,533 | €8,905 | -€3,627 | -28.9% |
| Provisions and deferred taxes | 16 | €477,105 | €459,068 | -€18,036 | -3.8% |
| Deferred taxes | 168 | €477,105 | €459,068 | -€18,036 | -3.8% |
| Amounts payable | 17/49 | €1,194,379 | €1,083,548 | -€110,831 | -9.3% |
| Amounts payable after more than one year | 17 | €997,548 | €919,409 | -€78,139 | -7.8% |
| Financial debts | 170/4 | €979,448 | €901,269 | -€78,179 | -8.0% |
| Other amounts payable | 178/9 | €18,100 | €18,140 | +€40 | +0.2% |
| Amounts payable within one year | 42/48 | €195,064 | €164,140 | -€30,924 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €74,769 | €78,037 | +€3,268 | +4.4% |
| Trade debts | 44 | €109,929 | €61,808 | -€48,121 | -43.8% |
| Suppliers | 440/4 | €109,929 | €61,808 | -€48,121 | -43.8% |
| Advances received on contracts in progress | 46 | €10,000 | €21,950 | +€11,950 | +120% |
| Other amounts payable | 47/48 | €365 | €2,344 | +€1,978 | +541% |
| Accrued charges and deferred income | 492/3 | €1,768 | - | -€1,768 | |
| Non-recurring operating income | 76A | €719,859 | - | -€719,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,478 | €79,107 | -€56,371 | -41.6% |
| Other operating charges | 640/8 | €225,216 | €12,678 | -€212,538 | -94.4% |
| Non-recurring operating charges | 66A | €42,300 | - | -€42,300 | |
| Gross operating margin | 9900 | €839,009 | €65,929 | -€773,080 | -92.1% |
| Operating profit (loss) | 9901 | €436,015 | -€25,856 | -€461,871 | |
| Financial income | 75/76B | €0 | €42 | +€42 | +14,003% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +14,003% |
| Financial charges | 65/66B | €122,940 | €35,601 | -€87,339 | -71.0% |
| Recurring financial charges | 65 | €122,940 | €35,601 | -€87,339 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €313,076 | -€61,415 | -€374,490 | |
| Transfer from deferred taxes | 780 | €81,852 | €18,036 | -€63,815 | -78.0% |
| Transfer to deferred taxes | 680 | €152,290 | - | -€152,290 | |
| Income taxes | 67/77 | €648 | €3,188 | +€2,540 | +392% |
| Profit (loss) for the period | 9904 | €241,989 | -€46,566 | -€288,555 | |
| Transfer from tax-exempt reserves | 789 | €224,782 | €42,939 | -€181,843 | -80.9% |
| Transfer to tax-exempt reserves | 689 | €456,870 | - | -€456,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,902 | -€3,627 | -€13,529 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.