IMACOR: 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.
IMACOR
Largest movements
- Receivables within one year -€16,906
down €16,906 (-23.8%), from €71,124 to €54,218
of which Trade receivables: -€16,807
- Tangible fixed assets -€15,598
down €15,598 (-23.8%), from €65,413 to €49,814
- Cash +€8,038
up €8,038 (+14.7%), from €54,829 to €62,867
mainly Other debts (+€33,239) and Receivables within one year (+€16,906)
- Profit (loss) carried forward -€34,259
no longer reported in 2025 (was €34,259)
- Other debts +€33,239
up €33,239 (+89.0%), from €37,328 to €70,566
- Current portion of long-term debt -€16,537
down €16,537 (-65.7%), from €25,180 to €8,643
- Debts after one year -€8,643
no longer reported in 2025 (was €8,643)
- Tax, wage and social debts +€2,210
up €2,210 (+39.5%), from €5,591 to €7,801
- Gross operating margin -€28,238
down €28,238 (-46.6%), from €60,568 to €32,330
- Taxes -€5,798
down €5,798 (-58.6%), from €9,901 to €4,102
- Depreciation +€3,366
up €3,366 (+27.5%), from €12,233 to €15,598
- Other operating charges -€749
down €749 (-45.9%), from €1,632 to €883
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 | €194,366 | €169,899 | -€24,467 | -12.6% |
| Fixed assets | 21/28 | €68,413 | €52,814 | -€15,598 | -22.8% |
| Tangible fixed assets | 22/27 | €65,413 | €49,814 | -€15,598 | -23.8% |
| Furniture and vehicles | 24 | €65,413 | €49,814 | -€15,598 | -23.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €125,953 | €117,085 | -€8,869 | -7.0% |
| Amounts receivable within one year | 40/41 | €71,124 | €54,218 | -€16,906 | -23.8% |
| Trade receivables | 40 | €71,025 | €54,218 | -€16,807 | -23.7% |
| Other amounts receivable | 41 | €99 | - | -€99 | |
| Cash at bank and in hand | 54/58 | €54,829 | €62,867 | +€8,038 | +14.7% |
| Total equity and liabilities | 10/49 | €194,366 | €169,899 | -€24,467 | -12.6% |
| Equity | 10/15 | €113,840 | €79,581 | -€34,259 | -30.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,581 | €74,581 | = | 0.0% |
| Distributable reserves | 133 | €74,581 | €74,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,259 | - | -€34,259 | |
| Amounts payable | 17/49 | €80,526 | €90,318 | +€9,792 | +12.2% |
| Amounts payable after more than one year | 17 | €8,643 | - | -€8,643 | |
| Financial debts | 170/4 | €8,643 | - | -€8,643 | |
| Amounts payable within one year | 42/48 | €71,883 | €90,318 | +€18,435 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €25,180 | €8,643 | -€16,537 | -65.7% |
| Trade debts | 44 | €3,784 | €3,307 | -€477 | -12.6% |
| Suppliers | 440/4 | €3,784 | €3,307 | -€477 | -12.6% |
| Taxes, remuneration and social security | 45 | €5,591 | €7,801 | +€2,210 | +39.5% |
| Taxes | 450/3 | €5,591 | €7,801 | +€2,210 | +39.5% |
| Other amounts payable | 47/48 | €37,328 | €70,566 | +€33,239 | +89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,233 | €15,598 | +€3,366 | +27.5% |
| Other operating charges | 640/8 | €1,632 | €883 | -€749 | -45.9% |
| Gross operating margin | 9900 | €60,568 | €32,330 | -€28,238 | -46.6% |
| Operating profit (loss) | 9901 | €46,703 | €15,849 | -€30,854 | -66.1% |
| Financial charges | 65/66B | €1,711 | €1,415 | -€296 | -17.3% |
| Recurring financial charges | 65 | €1,711 | €1,415 | -€296 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €44,992 | €14,434 | -€30,558 | -67.9% |
| Income taxes | 67/77 | €9,901 | €4,102 | -€5,798 | -58.6% |
| Profit (loss) for the period | 9904 | €35,092 | €10,332 | -€24,760 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,092 | €10,332 | -€24,760 | -70.6% |
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 16 October 2026 via checked.be.