F.W. IMCO: 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.
F.W. IMCO
Largest movements
- Cash +€68,676
up €68,676 (+66.4%), from €103,386 to €172,063
mainly Net result for the year (+€90,041) and Other debts (+€82,023)
- Current investments +€19,012
up €19,012 (+37.7%), from €50,375 to €69,388
- Tangible fixed assets -€12,668
down €12,668 (-91.6%), from €13,827 to €1,159
of which Furniture and vehicles: -€12,636
- Receivables within one year +€9,673
up €9,673 (+68.8%), from €14,068 to €23,741
of which Trade receivables: +€9,668
- Other debts +€82,023
up €82,023 (+198%), from €41,485 to €123,509
- Tax, wage and social debts +€11,035
up €11,035 (+147%), from €7,517 to €18,552
- Reserves -€10,000
down €10,000 (-8.6%), from €116,131 to €106,131
- Gross operating margin +€68,267
up €68,267 (+136%), from €50,244 to €118,510
- Taxes +€17,232
up €17,232 (+177%), from €9,735 to €26,967
- Financial income +€2,160
up €2,160 (+268%), from €805 to €2,966
- Depreciation -€2,015
down €2,015 (-45.3%), from €4,447 to €2,431
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 | €184,617 | €267,937 | +€83,320 | +45.1% |
| Fixed assets | 21/28 | €13,827 | €1,159 | -€12,668 | -91.6% |
| Tangible fixed assets | 22/27 | €13,827 | €1,159 | -€12,668 | -91.6% |
| Furniture and vehicles | 24 | €13,618 | €981 | -€12,636 | -92.8% |
| Other tangible fixed assets | 26 | €210 | €178 | -€32 | -15.2% |
| Current assets | 29/58 | €170,790 | €266,778 | +€95,989 | +56.2% |
| Amounts receivable within one year | 40/41 | €14,068 | €23,741 | +€9,673 | +68.8% |
| Trade receivables | 40 | €10,951 | €20,618 | +€9,668 | +88.3% |
| Other amounts receivable | 41 | €3,117 | €3,122 | +€5 | +0.2% |
| Current investments | 50/53 | €50,375 | €69,388 | +€19,012 | +37.7% |
| Cash at bank and in hand | 54/58 | €103,386 | €172,063 | +€68,676 | +66.4% |
| Deferred charges and accrued income | 490/1 | €2,961 | €1,587 | -€1,373 | -46.4% |
| Total equity and liabilities | 10/49 | €184,617 | €267,937 | +€83,320 | +45.1% |
| Equity | 10/15 | €135,281 | €125,321 | -€9,959 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,131 | €106,131 | -€10,000 | -8.6% |
| Distributable reserves | 133 | €116,131 | €106,131 | -€10,000 | -8.6% |
| Profit (loss) carried forward | 14 | €550 | €591 | +€41 | +7.4% |
| Amounts payable | 17/49 | €49,336 | €142,616 | +€93,280 | +189% |
| Amounts payable within one year | 42/48 | €49,336 | €142,616 | +€93,280 | +189% |
| Trade debts | 44 | €334 | €555 | +€221 | +66.3% |
| Suppliers | 440/4 | €334 | €555 | +€221 | +66.3% |
| Taxes, remuneration and social security | 45 | €7,517 | €18,552 | +€11,035 | +147% |
| Taxes | 450/3 | €7,517 | €18,552 | +€11,035 | +147% |
| Other amounts payable | 47/48 | €41,485 | €123,509 | +€82,023 | +198% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,447 | €2,431 | -€2,015 | -45.3% |
| Other operating charges | 640/8 | €1,088 | €1,203 | +€115 | +10.6% |
| Gross operating margin | 9900 | €50,244 | €118,510 | +€68,267 | +136% |
| Operating profit (loss) | 9901 | €44,709 | €114,876 | +€70,167 | +157% |
| Financial income | 75/76B | €805 | €2,966 | +€2,160 | +268% |
| Recurring financial income | 75 | €805 | €2,966 | +€2,160 | +268% |
| Financial charges | 65/66B | €447 | €834 | +€387 | +86.6% |
| Recurring financial charges | 65 | €447 | €834 | +€387 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | €45,068 | €117,008 | +€71,940 | +160% |
| Income taxes | 67/77 | €9,735 | €26,967 | +€17,232 | +177% |
| Profit (loss) for the period | 9904 | €35,333 | €90,041 | +€54,708 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €35,333 | €90,041 | +€54,708 | +155% |
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 28 October 2026 via checked.be.