IMARGO: what changed
Two fiscal 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
IMARGO
NACE 81.100, Combined facilities support activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€147,502
2023 · €12,197-€159,699
Equity
-€254,330
2023 · -€106,828-€147,502
Cash
€14,324
2023 · -+€14,324
Balance sheet total
€2.4m
2023 · €2.5m-€79,315
Largest movements
Assets
- Receivables within one year -€59,194
down €59,194 (-2.4%), from €2.4m to €2.4m
of which Other amounts receivable: -€172,127
Equity and liabilities
- Other debts +€169,792
up €169,792 (+7.4%), from €2.3m to €2.5m
- Profit (loss) carried forward -€147,502
down €147,502 (-27.6%), from -€534,995 to -€682,497
- Short-term financial debts -€79,172
no longer reported in 2024 (was €79,172)
of which Other loans: -€68,789
Income statement
- Gross operating margin -€145,640
down €145,640, from €67,907 to -€77,733
- Other operating charges +€17,204
up €17,204 (+446.9%), from €3,849 to €21,053
- Financial charges -€10,224
down €10,224 (-47.3%), from €21,638 to €11,414
- Financial income -€7,255
no longer reported in 2024 (was €7,255)
- Depreciation -€1,504
down €1,504 (-12.0%), from €12,499 to €10,995
From the 2023 result to the 2024 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 2023
€12,197
Gross operating margin
-€145,640
Staff costs
-€1,328
Depreciation
+€1,504
Other operating charges
-€17,204
Financial income
-€7,255
Financial charges
+€10,224
Result 2024
-€147,502
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€94,735
Investment
-€882
Financing
-€79,529
Cash 2023
€0
From operations (derived)
+€94,735
Net result for the year
-€147,502
Depreciation
+€10,995
Receivables within one year
+€59,194
Deferred charges and accrued income
+€24,332
Trade debts
-€24,845
Tax, wage and social debts
+€2,769
Other debts
+€169,792
Investment (derived)
-€882
Investment in fixed assets (net)
-€882
Financing
-€79,529
Debts after one year
-€10,617
Current portion of long-term debt
+€10,261
Short-term financial debts
-€79,172
Contributions, distributions and other
-€0
Cash 2024
€14,324
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,514,028 | €2,434,713 | -€79,315 | -3.2% |
| Fixed assets | 21/28 | €35,147 | €25,034 | -€10,113 | -28.8% |
| Tangible fixed assets | 22/27 | €35,147 | €25,034 | -€10,113 | -28.8% |
| Land and buildings | 22 | €3,897 | €3,081 | -€816 | -20.9% |
| Plant, machinery and equipment | 23 | - | €883 | +€883 | |
| Furniture and vehicles | 24 | €31,250 | €21,070 | -€10,180 | -32.6% |
| Current assets | 29/58 | €2,478,881 | €2,409,679 | -€69,202 | -2.8% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,449,440 | €2,390,246 | -€59,194 | -2.4% |
| Trade receivables | 40 | €850,311 | €963,244 | +€112,933 | +13.3% |
| Other amounts receivable | 41 | €1,599,129 | €1,427,002 | -€172,127 | -10.8% |
| Cash at bank and in hand | 54/58 | - | €14,324 | +€14,324 | |
| Deferred charges and accrued income | 490/1 | €25,441 | €1,109 | -€24,332 | -95.6% |
| Total equity and liabilities | 10/49 | €2,514,028 | €2,434,713 | -€79,315 | -3.2% |
| Equity | 10/15 | -€106,828 | -€254,330 | -€147,502 | -138.1% |
| Contributions | 10/11 | €423,928 | €423,928 | +€0 | 0.0% |
| Capital | 10 | €423,928 | €423,928 | +€0 | 0.0% |
| Issued capital | 100 | €423,928 | €423,928 | +€0 | 0.0% |
| Reserves | 13 | €4,239 | €4,239 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,239 | €4,239 | +€0 | 0.0% |
| Legal reserve | 130 | €4,239 | €4,239 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€534,995 | -€682,497 | -€147,502 | -27.6% |
| Amounts payable | 17/49 | €2,620,855 | €2,689,043 | +€68,188 | +2.6% |
| Amounts payable after more than one year | 17 | €19,496 | €8,879 | -€10,617 | -54.5% |
| Financial debts | 170/4 | €16,005 | €5,388 | -€10,617 | -66.3% |
| Other amounts payable | 178/9 | €3,491 | €3,491 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €2,601,359 | €2,680,164 | +€78,805 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,261 | +€10,261 | |
| Financial debts | 43 | €79,172 | - | -€79,172 | |
| Credit institutions | 430/8 | €10,384 | - | -€10,384 | |
| Other loans | 439 | €68,789 | - | -€68,789 | |
| Trade debts | 44 | €216,800 | €191,955 | -€24,845 | -11.5% |
| Suppliers | 440/4 | €216,800 | €191,955 | -€24,845 | -11.5% |
| Taxes, remuneration and social security | 45 | €5,865 | €8,634 | +€2,769 | +47.2% |
| Remuneration and social security | 454/9 | €5,865 | €8,634 | +€2,769 | +47.2% |
| Other amounts payable | 47/48 | €2,299,522 | €2,469,314 | +€169,792 | +7.4% |
| Remuneration, social security and pensions | 62 | €24,979 | €26,307 | +€1,328 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,499 | €10,995 | -€1,504 | -12.0% |
| Other operating charges | 640/8 | €3,849 | €21,053 | +€17,204 | +446.9% |
| Gross operating margin | 9900 | €67,907 | -€77,733 | -€145,640 | |
| Operating profit (loss) | 9901 | €26,580 | -€136,088 | -€162,668 | |
| Financial income | 75/76B | €7,255 | - | -€7,255 | |
| Recurring financial income | 75 | €7,255 | - | -€7,255 | |
| Financial charges | 65/66B | €21,638 | €11,414 | -€10,224 | -47.3% |
| Recurring financial charges | 65 | €21,638 | €11,414 | -€10,224 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €12,197 | -€147,502 | -€159,699 | |
| Profit (loss) for the period | 9904 | €12,197 | -€147,502 | -€159,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,197 | -€147,502 | -€159,699 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.