IMBEX: 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.
IMBEX
Largest movements
- Receivables within one year -€307,873
down €307,873 (-99.7%), from €308,912 to €1,039
of which Other amounts receivable: -€304,092
- Cash +€12,354
up €12,354 (+63.8%), from €19,369 to €31,723
mainly Receivables within one year (+€307,873) and Other debts (+€54,195)
- Deferred charges and accrued income -€11,058
down €11,058 (-100%), from €11,058 to €0
- Tangible fixed assets -€8,898
down €8,898 (-6.7%), from €132,381 to €123,483
of which Plant, machinery and equipment: -€8,898
- Reserves -€360,060
down €360,060 (-93.1%), from €386,758 to €26,699
of which Distributable reserves: -€360,060
- Other debts +€54,195
up €54,195 (+24,393%), from €222 to €54,417
- Profit (loss) carried forward -€7,273
new in 2026: -€7,273
- Gross operating margin -€14,754
down €14,754 (-27.7%), from €53,323 to €38,569
- Write-downs +€14,079
up €14,079, from -€5,276 to €8,803
- Financial income -€3,716
down €3,716 (-100.0%), from €3,716 to €0
- Taxes -€2,943
down €2,943 (-100%), from €2,943 to €0
- Depreciation -€1,830
down €1,830 (-7.1%), from €25,614 to €23,785
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,205 | €203,730 | -€315,475 | -60.8% |
| Fixed assets | 21/28 | €132,381 | €123,483 | -€8,898 | -6.7% |
| Tangible fixed assets | 22/27 | €132,381 | €123,483 | -€8,898 | -6.7% |
| Land and buildings | 22 | €92,960 | €92,960 | = | 0.0% |
| Plant, machinery and equipment | 23 | €39,421 | €30,523 | -€8,898 | -22.6% |
| Current assets | 29/58 | €386,824 | €80,247 | -€306,577 | -79.3% |
| Stocks and contracts in progress | 3 | €47,485 | €47,485 | = | 0.0% |
| Stocks | 30/36 | €47,485 | €47,485 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €308,912 | €1,039 | -€307,873 | -99.7% |
| Trade receivables | 40 | €3,901 | €120 | -€3,781 | -96.9% |
| Other amounts receivable | 41 | €305,011 | €920 | -€304,092 | -99.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,369 | €31,723 | +€12,354 | +63.8% |
| Deferred charges and accrued income | 490/1 | €11,058 | €0 | -€11,058 | -100% |
| Total equity and liabilities | 10/49 | €519,205 | €203,730 | -€315,475 | -60.8% |
| Equity | 10/15 | €511,758 | €144,426 | -€367,332 | -71.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €386,758 | €26,699 | -€360,060 | -93.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,199 | €14,199 | = | 0.0% |
| Distributable reserves | 133 | €360,060 | €0 | -€360,060 | -100% |
| Profit (loss) carried forward | 14 | - | -€7,273 | -€7,273 | |
| Amounts payable | 17/49 | €7,447 | €59,304 | +€51,857 | +696% |
| Amounts payable within one year | 42/48 | €4,146 | €55,085 | +€50,939 | +1,229% |
| Trade debts | 44 | €798 | €564 | -€234 | -29.3% |
| Suppliers | 440/4 | €798 | €564 | -€234 | -29.3% |
| Taxes, remuneration and social security | 45 | €3,125 | €104 | -€3,021 | -96.7% |
| Taxes | 450/3 | €3,125 | €104 | -€3,021 | -96.7% |
| Other amounts payable | 47/48 | €222 | €54,417 | +€54,195 | +24,393% |
| Accrued charges and deferred income | 492/3 | €3,301 | €4,219 | +€918 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,614 | €23,785 | -€1,830 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,276 | €8,803 | +€14,079 | |
| Other operating charges | 640/8 | €12,295 | €12,931 | +€636 | +5.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,323 | €38,569 | -€14,754 | -27.7% |
| Operating profit (loss) | 9901 | €20,690 | -€6,949 | -€27,639 | |
| Financial income | 75/76B | €3,716 | €0 | -€3,716 | -100.0% |
| Recurring financial income | 75 | €3,716 | €0 | -€3,716 | -100.0% |
| Financial charges | 65/66B | €156 | €324 | +€167 | +107% |
| Recurring financial charges | 65 | €156 | €324 | +€167 | +107% |
| Profit (loss) for the period before taxes | 9903 | €24,250 | -€7,273 | -€31,523 | |
| Income taxes | 67/77 | €2,943 | €0 | -€2,943 | -100% |
| Profit (loss) for the period | 9904 | €21,307 | -€7,273 | -€28,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,307 | -€7,273 | -€28,580 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.