IMBOCO JPM: 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.
IMBOCO JPM
Largest movements
- Cash -€93,966
down €93,966 (-36.3%), from €259,128 to €165,162
mainly Net result for the year (-€38,233) and Debts after one year (-€31,652)
- Receivables within one year +€12,809
up €12,809 (+27.4%), from €46,830 to €59,639
of which Trade receivables: +€11,944
- Debts after one year -€31,652
down €31,652 (-7.7%), from €413,043 to €381,391
- Profit (loss) carried forward -€26,678
down €26,678, from €0 to -€26,678
- Reserves -€11,555
down €11,555 (-65.1%), from €17,755 to €6,200
of which Distributable reserves: -€11,555
- Gross operating margin -€50,756
down €50,756, from €29,274 to -€21,482
- Write-downs +€6,050
up €6,050, from -€6,050 to €0
- Financial charges -€4,464
down €4,464 (-83.3%), from €5,357 to €892
of which Financial charges: -€4,464
- Depreciation +€2,106
up €2,106 (+19.7%), from €10,689 to €12,795
- Other operating charges -€625
down €625 (-16.8%), from €3,718 to €3,092
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,639 | €438,948 | -€75,691 | -14.7% |
| Fixed assets | 21/28 | €208,367 | €212,978 | +€4,611 | +2.2% |
| Tangible fixed assets | 22/27 | €208,367 | €212,978 | +€4,611 | +2.2% |
| Land and buildings | 22 | €207,955 | €211,443 | +€3,488 | +1.7% |
| Plant, machinery and equipment | 23 | €412 | €159 | -€253 | -61.5% |
| Furniture and vehicles | 24 | €0 | €1,377 | +€1,377 | |
| Current assets | 29/58 | €306,272 | €225,970 | -€80,303 | -26.2% |
| Amounts receivable within one year | 40/41 | €46,830 | €59,639 | +€12,809 | +27.4% |
| Trade receivables | 40 | €14,315 | €26,258 | +€11,944 | +83.4% |
| Other amounts receivable | 41 | €32,515 | €33,380 | +€865 | +2.7% |
| Cash at bank and in hand | 54/58 | €259,128 | €165,162 | -€93,966 | -36.3% |
| Deferred charges and accrued income | 490/1 | €315 | €1,169 | +€854 | +271% |
| Total equity and liabilities | 10/49 | €514,639 | €438,948 | -€75,691 | -14.7% |
| Equity | 10/15 | €79,755 | €41,522 | -€38,233 | -47.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,755 | €6,200 | -€11,555 | -65.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,555 | €0 | -€11,555 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€26,678 | -€26,678 | |
| Amounts payable | 17/49 | €434,884 | €397,426 | -€37,459 | -8.6% |
| Amounts payable after more than one year | 17 | €413,043 | €381,391 | -€31,652 | -7.7% |
| Other amounts payable | 178/9 | €413,043 | €381,391 | -€31,652 | -7.7% |
| Amounts payable within one year | 42/48 | €21,842 | €16,035 | -€5,807 | -26.6% |
| Trade debts | 44 | €12,581 | €9,418 | -€3,163 | -25.1% |
| Suppliers | 440/4 | €12,581 | €9,418 | -€3,163 | -25.1% |
| Taxes, remuneration and social security | 45 | €4,261 | €1,592 | -€2,669 | -62.6% |
| Taxes | 450/3 | €4,261 | €1,592 | -€2,669 | -62.6% |
| Other amounts payable | 47/48 | €5,000 | €5,025 | +€25 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,689 | €12,795 | +€2,106 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,050 | €0 | +€6,050 | |
| Other operating charges | 640/8 | €3,718 | €3,092 | -€625 | -16.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,274 | -€21,482 | -€50,756 | |
| Operating profit (loss) | 9901 | €20,917 | -€37,370 | -€58,287 | |
| Financial income | 75/76B | €9 | €30 | +€21 | +233% |
| Recurring financial income | 75 | €9 | €30 | +€21 | +233% |
| Financial charges | 65/66B | €5,357 | €892 | -€4,464 | -83.3% |
| Recurring financial charges | 65 | €5,357 | €892 | -€4,464 | -83.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €15,570 | -€38,233 | -€53,802 | |
| Profit (loss) for the period | 9904 | €15,570 | -€38,233 | -€53,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,570 | -€38,233 | -€53,802 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.