IMBC CAPITAL RISQUE: 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
IMBC CAPITAL RISQUE
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,311
2024 · €269,334-€260,023
Equity
€138.4m
2024 · €138.4m+€9,312
Cash
€566,770
2024 · €14.6m-€14.1m
Balance sheet total
€153.1m
2024 · €153.1m-€52,723
Largest movements
Assets
- Cash -€14.1m
down €14.1m (-96.1%), from €14.6m to €566,770
mainly Investment in fixed assets (net) (-€8.8m) and Receivables within one year (-€2.7m)
- Financial fixed assets +€8.8m
up €8.8m (+10.1%), from €86.9m to €95.7m
of which Other financial fixed assets: +€6.6m
- Receivables within one year +€2.7m
up €2.7m (+26.6%), from €10.0m to €12.7m
of which Other amounts receivable: +€2.7m
- Current investments +€2.5m
up €2.5m (+6.1%), from €41.5m to €44.0m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
No income-statement line moved by more than 1% of the activity.
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
€269,334
Other operating charges
-€1,167
Other operating items
-€409,080
Financial income
+€778,082
Financial charges
-€596,079
Taxes
-€31,779
Result 2025
€9,311
Cash bridge derived
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
-€2.2m
Investment
-€11.3m
Financing
-€499,999
Cash 2024
€14.6m
From operations (derived)
-€2.2m
Net result for the year
+€9,311
Receivables within one year
-€2.7m
Smaller working-capital items
+€4,652
Other debts
+€433,313
Investment (derived)
-€11.3m
Investment in fixed assets (net)
-€8.8m
Current investments
-€2.5m
Financing
-€499,999
Debts after one year
-€500,000
Contributions, distributions and other
+€1
Cash 2025
€566,770
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,104,159 | €153,051,436 | -€52,723 | 0.0% |
| Fixed assets | 21/28 | €86,934,074 | €95,740,522 | +€8.8m | +10.1% |
| Financial fixed assets | 28 | €86,934,074 | €95,740,522 | +€8.8m | +10.1% |
| Affiliated companies | 280/1 | €3,800,000 | €3,800,000 | = | 0.0% |
| Participating interests | 280 | €3,800,000 | €3,800,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €613,944 | €2,807,471 | +€2.2m | +357.3% |
| Participating interests | 282 | €208,500 | €1,320,885 | +€1.1m | +533.5% |
| Amounts receivable | 283 | €405,444 | €1,486,586 | +€1.1m | +266.7% |
| Other financial fixed assets | 284/8 | €82,520,130 | €89,133,051 | +€6.6m | +8.0% |
| Shares | 284 | €4,943,715 | €9,482,712 | +€4.5m | +91.8% |
| Amounts receivable and cash guarantees | 285/8 | €77,576,415 | €79,650,339 | +€2.1m | +2.7% |
| Current assets | 29/58 | €66,170,085 | €57,310,914 | -€8.9m | -13.4% |
| Amounts receivable within one year | 40/41 | €10,044,255 | €12,712,492 | +€2.7m | +26.6% |
| Trade receivables | 40 | - | €10,486 | +€10,486 | |
| Other amounts receivable | 41 | €10,044,255 | €12,702,006 | +€2.7m | +26.5% |
| Current investments | 50/53 | €41,497,173 | €44,031,652 | +€2.5m | +6.1% |
| Other investments | 51/53 | €41,497,173 | €44,031,652 | +€2.5m | +6.1% |
| Cash at bank and in hand | 54/58 | €14,628,657 | €566,770 | -€14.1m | -96.1% |
| Total equity and liabilities | 10/49 | €153,104,159 | €153,051,436 | -€52,723 | 0.0% |
| Equity | 10/15 | €138,438,066 | €138,447,378 | +€9,312 | 0.0% |
| Contributions | 10/11 | €130,487,964 | €130,487,964 | = | 0.0% |
| Capital | 10 | €130,487,964 | €130,487,964 | = | 0.0% |
| Issued capital | 100 | €130,487,964 | €130,487,964 | = | 0.0% |
| Reserves | 13 | €5,270,604 | €5,275,493 | +€4,889 | +0.1% |
| Non-distributable reserves | 130/1 | €5,270,604 | €5,275,493 | +€4,889 | +0.1% |
| Legal reserve | 130 | €639,619 | €640,085 | +€466 | +0.1% |
| Other | 1319 | €4,630,985 | €4,635,408 | +€4,423 | +0.1% |
| Profit (loss) carried forward | 14 | €2,679,498 | €2,683,921 | +€4,423 | +0.2% |
| Amounts payable | 17/49 | €14,666,093 | €14,604,058 | -€62,035 | -0.4% |
| Amounts payable after more than one year | 17 | €4,000,000 | €3,500,000 | -€500,000 | -12.5% |
| Financial debts | 170/4 | €4,000,000 | €3,500,000 | -€500,000 | -12.5% |
| Credit institutions | 173 | €4,000,000 | €3,500,000 | -€500,000 | -12.5% |
| Amounts payable within one year | 42/48 | €10,641,554 | €11,070,548 | +€428,994 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 43 | €7,000,000 | €7,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €7,000,000 | €7,000,000 | = | 0.0% |
| Trade debts | 44 | €13,040 | €8,721 | -€4,319 | -33.1% |
| Suppliers | 440/4 | €13,040 | €8,721 | -€4,319 | -33.1% |
| Other amounts payable | 47/48 | €3,128,514 | €3,561,827 | +€433,313 | +13.9% |
| Accrued charges and deferred income | 492/3 | €24,539 | €33,510 | +€8,971 | +36.6% |
| Operating charges | 60/66A | €3,170,641 | €3,580,888 | +€410,247 | +12.9% |
| Services and other goods | 61 | €3,162,640 | €3,577,970 | +€415,330 | +13.1% |
| Other operating charges | 640/8 | €1,751 | €2,918 | +€1,167 | +66.6% |
| Non-recurring operating charges | 66A | €6,250 | - | -€6,250 | |
| Operating profit (loss) | 9901 | -€3,170,641 | -€3,580,888 | -€410,247 | -12.9% |
| Financial income | 75/76B | €4,317,357 | €5,095,439 | +€778,082 | +18.0% |
| Recurring financial income | 75 | €3,805,863 | €4,179,269 | +€373,406 | +9.8% |
| Income from financial fixed assets | 750 | €1,288,729 | €2,534,018 | +€1.2m | +96.6% |
| Income from current assets | 751 | €2,055,416 | €1,635,359 | -€420,057 | -20.4% |
| Other financial income | 752/9 | €461,718 | €9,892 | -€451,826 | -97.9% |
| Non-recurring financial income | 76B | €511,494 | €916,170 | +€404,676 | +79.1% |
| Financial charges | 65/66B | €877,382 | €1,473,461 | +€596,079 | +67.9% |
| Recurring financial charges | 65 | €470,067 | €864,413 | +€394,346 | +83.9% |
| Debt charges | 650 | €203,267 | €774,581 | +€571,314 | +281.1% |
| Other financial charges | 652/9 | €266,800 | €89,832 | -€176,968 | -66.3% |
| Non-recurring financial charges | 66B | €407,315 | €609,048 | +€201,733 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €269,334 | €41,090 | -€228,244 | -84.7% |
| Income taxes | 67/77 | - | €31,779 | +€31,779 | |
| Taxes | 670/3 | - | €31,779 | +€31,779 | |
| Profit (loss) for the period | 9904 | €269,334 | €9,311 | -€260,023 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €269,334 | €9,311 | -€260,023 | -96.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.