Imarco België: what changed
Imarco België
Largest movements
- Stocks and contracts -€155,991
down €155,991 (-84.8%), from €183,896 to €27,904
- Cash -€106,896
down €106,896 (-58.0%), from €184,198 to €77,303
mainly Contributions, distributions and other (-€1.0m) and Tax, wage and social debts (-€108,700)
- Tangible fixed assets +€48,935
up €48,935 (+128%), from €38,326 to €87,261
of which Furniture and vehicles: +€50,680
- Receivables within one year +€37,267
up €37,267 (+2.2%), from €1.7m to €1.7m
of which Other amounts receivable: +€1.0m
- Other debts +€1.0m
new in 2025: €1.0m
- Reserves -€989,283
down €989,283 (-57.9%), from €1.7m to €719,335
of which Distributable reserves: -€989,283
- Tax, wage and social debts -€108,700
down €108,700 (-82.6%), from €131,613 to €22,914
of which Taxes: -€110,342
- Trade debts -€69,138
down €69,138 (-41.1%), from €168,355 to €99,217
- Gross operating margin -€757,553
down €757,553 (-67.5%), from €1.1m to €364,975
- Taxes -€135,446
down €135,446 (-80.5%), from €168,284 to €32,838
- Write-downs -€65,443
down €65,443 (-83.9%), from €78,000 to €12,557
- Staff costs -€57,454
down €57,454 (-15.0%), from €381,775 to €324,321
- Financial income +€36,043
new in 2025: €36,043
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,076,345 | €1,899,660 | -€176,685 | -8.5% |
| Fixed assets | 21/28 | €38,326 | €87,261 | +€48,935 | +128% |
| Tangible fixed assets | 22/27 | €38,326 | €87,261 | +€48,935 | +128% |
| Plant, machinery and equipment | 23 | €2,871 | €1,478 | -€1,393 | -48.5% |
| Furniture and vehicles | 24 | €34,045 | €84,725 | +€50,680 | +149% |
| Other tangible fixed assets | 26 | €1,410 | €1,058 | -€352 | -25.0% |
| Current assets | 29/58 | €2,038,019 | €1,812,399 | -€225,620 | -11.1% |
| Stocks and contracts in progress | 3 | €183,896 | €27,904 | -€155,991 | -84.8% |
| Stocks | 30/36 | €183,896 | €27,904 | -€155,991 | -84.8% |
| Amounts receivable within one year | 40/41 | €1,669,925 | €1,707,192 | +€37,267 | +2.2% |
| Trade receivables | 40 | €1,604,225 | €623,455 | -€980,770 | -61.1% |
| Other amounts receivable | 41 | €65,700 | €1,083,737 | +€1.0m | +1,550% |
| Cash at bank and in hand | 54/58 | €184,198 | €77,303 | -€106,896 | -58.0% |
| Total equity and liabilities | 10/49 | €2,076,345 | €1,899,660 | -€176,685 | -8.5% |
| Equity | 10/15 | €1,721,018 | €731,735 | -€989,283 | -57.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,708,618 | €719,335 | -€989,283 | -57.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,706,758 | €717,475 | -€989,283 | -58.0% |
| Provisions and deferred taxes | 16 | €30,000 | €12,000 | -€18,000 | -60.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €12,000 | -€18,000 | -60.0% |
| Major repairs and maintenance | 162 | €30,000 | €12,000 | -€18,000 | -60.0% |
| Amounts payable | 17/49 | €325,327 | €1,155,925 | +€830,598 | +255% |
| Amounts payable within one year | 42/48 | €299,968 | €1,122,130 | +€822,162 | +274% |
| Trade debts | 44 | €168,355 | €99,217 | -€69,138 | -41.1% |
| Suppliers | 440/4 | €168,355 | €99,217 | -€69,138 | -41.1% |
| Taxes, remuneration and social security | 45 | €131,613 | €22,914 | -€108,700 | -82.6% |
| Taxes | 450/3 | €110,342 | - | -€110,342 | |
| Remuneration and social security | 454/9 | €21,271 | €22,914 | +€1,642 | +7.7% |
| Other amounts payable | 47/48 | - | €1,000,000 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | €25,359 | €33,795 | +€8,436 | +33.3% |
| Remuneration, social security and pensions | 62 | €381,775 | €324,321 | -€57,454 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,632 | €16,762 | +€130 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €78,000 | €12,557 | -€65,443 | -83.9% |
| Other operating charges | 640/8 | €2,872 | €1,676 | -€1,196 | -41.6% |
| Non-recurring operating charges | 66A | €16,527 | - | -€16,527 | |
| Gross operating margin | 9900 | €1,122,528 | €364,975 | -€757,553 | -67.5% |
| Operating profit (loss) | 9901 | €626,722 | €9,659 | -€617,063 | -98.5% |
| Financial income | 75/76B | - | €36,043 | +€36,043 | |
| Recurring financial income | 75 | - | €36,043 | +€36,043 | |
| Financial charges | 65/66B | €15,572 | €2,148 | -€13,424 | -86.2% |
| Recurring financial charges | 65 | €15,572 | €2,148 | -€13,424 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €611,151 | €43,554 | -€567,596 | -92.9% |
| Income taxes | 67/77 | €168,284 | €32,838 | -€135,446 | -80.5% |
| Profit (loss) for the period | 9904 | €442,867 | €10,717 | -€432,150 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €442,867 | €10,717 | -€432,150 | -97.6% |
Next steps
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 8 November 2026 via checked.be.