IMARCO: 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
IMARCO
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,726
2024 · €38,807-€45,533
Equity
€744,850
2024 · €751,576-€6,726
Cash
€4,173
2024 · €9,120-€4,947
Balance sheet total
€2.0m
2024 · €1.9m+€151,517
Largest movements
Assets
- Tangible fixed assets +€130,361
up €130,361 (+7.2%), from €1.8m to €2.0m
of which Land and buildings: +€82,105
Equity and liabilities
- Other debts +€306,099
up €306,099 (+40.9%), from €748,794 to €1.1m
- Debts after one year -€83,477
down €83,477 (-66.3%), from €125,937 to €42,461
of which Financial debts: -€83,477
- Trade debts -€80,884
down €80,884 (-70.6%), from €114,642 to €33,757
- Accrued charges and deferred income +€22,706
up €22,706 (+80.5%), from €28,202 to €50,909
Income statement
- Depreciation +€52,244
up €52,244 (+33.4%), from €156,278 to €208,521
- Taxes -€20,686
down €20,686 (-75.4%), from €27,425 to €6,740
- Financial charges +€18,558
up €18,558 (+35.7%), from €51,927 to €70,485
- Other operating charges -€8,434
down €8,434 (-19.0%), from €44,476 to €36,042
- Gross operating margin -€5,626
down €5,626 (-1.8%), from €317,734 to €312,108
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
€38,807
Gross operating margin
-€5,626
Depreciation
-€52,244
Other operating charges
+€8,434
Financial income
+€1,776
Financial charges
-€18,558
Taxes
+€20,686
Result 2025
-€6,726
raises the resultlowers the result
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
+€406,580
Investment
-€338,883
Financing
-€72,644
Cash 2024
€9,120
From operations (derived)
+€406,580
Net result for the year
-€6,726
Depreciation
+€208,521
Receivables within one year
-€14,462
Deferred charges and accrued income
-€11,640
Provisions
-€1,007
Trade debts
-€80,884
Tax, wage and social debts
-€11,327
Advances received
-€4,700
Other debts
+€306,099
Accrued charges and deferred income
+€22,706
Investment (derived)
-€338,883
Investment in fixed assets (net)
-€338,883
Financing
-€72,644
Debts after one year
-€83,477
Current portion of long-term debt
+€10,832
Cash 2025
€4,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,898,046 | €2,049,563 | +€151,517 | +8.0% |
| Fixed assets | 21/28 | €1,822,813 | €1,953,175 | +€130,361 | +7.2% |
| Tangible fixed assets | 22/27 | €1,822,763 | €1,953,125 | +€130,361 | +7.2% |
| Land and buildings | 22 | €267,029 | €349,133 | +€82,105 | +30.7% |
| Plant, machinery and equipment | 23 | €303 | €0 | -€303 | -100% |
| Furniture and vehicles | 24 | €53,702 | €35,535 | -€18,167 | -33.8% |
| Other tangible fixed assets | 26 | €1,501,730 | €1,568,457 | +€66,727 | +4.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €75,233 | €96,389 | +€21,156 | +28.1% |
| Amounts receivable within one year | 40/41 | €42,458 | €56,921 | +€14,462 | +34.1% |
| Trade receivables | 40 | €42,315 | €42,181 | -€134 | -0.3% |
| Other amounts receivable | 41 | €143 | €14,740 | +€14,597 | +10,202% |
| Cash at bank and in hand | 54/58 | €9,120 | €4,173 | -€4,947 | -54.2% |
| Deferred charges and accrued income | 490/1 | €23,655 | €35,295 | +€11,640 | +49.2% |
| Total equity and liabilities | 10/49 | €1,898,046 | €2,049,563 | +€151,517 | +8.0% |
| Equity | 10/15 | €751,576 | €744,850 | -€6,726 | -0.9% |
| Contributions | 10/11 | €104,690 | €104,690 | = | 0.0% |
| Capital | 10 | €104,690 | €104,690 | = | 0.0% |
| Issued capital | 100 | €104,690 | €104,690 | = | 0.0% |
| Reserves | 13 | €646,886 | €640,160 | -€6,726 | -1.0% |
| Non-distributable reserves | 130/1 | €79,006 | €79,006 | = | 0.0% |
| Legal reserve | 130 | €79,006 | €79,006 | = | 0.0% |
| Tax-exempt reserves | 132 | €124,284 | €102,543 | -€21,742 | -17.5% |
| Distributable reserves | 133 | €443,596 | €458,611 | +€15,016 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,162 | €3,155 | -€1,007 | -24.2% |
| Deferred taxes | 168 | €4,162 | €3,155 | -€1,007 | -24.2% |
| Amounts payable | 17/49 | €1,142,309 | €1,301,559 | +€159,250 | +13.9% |
| Amounts payable after more than one year | 17 | €125,937 | €42,461 | -€83,477 | -66.3% |
| Financial debts | 170/4 | €124,568 | €41,091 | -€83,477 | -67.0% |
| Other amounts payable | 178/9 | €1,369 | €1,369 | = | 0.0% |
| Amounts payable within one year | 42/48 | €988,170 | €1,208,190 | +€220,020 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €83,993 | €94,826 | +€10,832 | +12.9% |
| Trade debts | 44 | €114,642 | €33,757 | -€80,884 | -70.6% |
| Suppliers | 440/4 | €114,642 | €33,757 | -€80,884 | -70.6% |
| Advances received on contracts in progress | 46 | €8,500 | €3,800 | -€4,700 | -55.3% |
| Taxes, remuneration and social security | 45 | €32,241 | €20,915 | -€11,327 | -35.1% |
| Taxes | 450/3 | €32,241 | €20,915 | -€11,327 | -35.1% |
| Other amounts payable | 47/48 | €748,794 | €1,054,892 | +€306,099 | +40.9% |
| Accrued charges and deferred income | 492/3 | €28,202 | €50,909 | +€22,706 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,278 | €208,521 | +€52,244 | +33.4% |
| Other operating charges | 640/8 | €44,476 | €36,042 | -€8,434 | -19.0% |
| Gross operating margin | 9900 | €317,734 | €312,108 | -€5,626 | -1.8% |
| Operating profit (loss) | 9901 | €116,980 | €67,544 | -€49,436 | -42.3% |
| Financial income | 75/76B | €172 | €1,948 | +€1,776 | +1,031% |
| Recurring financial income | 75 | €172 | €1,948 | +€1,776 | +1,031% |
| Financial charges | 65/66B | €51,927 | €70,485 | +€18,558 | +35.7% |
| Recurring financial charges | 65 | €51,927 | €70,485 | +€18,558 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €65,225 | -€993 | -€66,219 | |
| Transfer from deferred taxes | 780 | €1,007 | €1,007 | = | 0.0% |
| Income taxes | 67/77 | €27,425 | €6,740 | -€20,686 | -75.4% |
| Profit (loss) for the period | 9904 | €38,807 | -€6,726 | -€45,533 | |
| Transfer from tax-exempt reserves | 789 | €30,657 | €21,742 | -€8,916 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,464 | €15,016 | -€54,449 | -78.4% |
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.