IMBRECHTS & CO: 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.
IMBRECHTS & CO
Largest movements
- Cash -€85,658
down €85,658 (-44.6%), from €191,895 to €106,237
mainly Debts after one year (-€123,393) and Other debts (-€102,753)
- Stocks and contracts +€77,527
up €77,527 (+315%), from €24,646 to €102,172
- Intangible fixed assets -€64,600
down €64,600 (-14.6%), from €441,404 to €376,804
- Tangible fixed assets -€31,256
down €31,256 (-3.7%), from €834,295 to €803,039
of which Land and buildings: -€45,849
- Reserves +€374,020
new in 2025: €374,020
- Profit (loss) carried forward -€311,886
no longer reported in 2025 (was €311,886)
- Debts after one year -€123,393
down €123,393 (-14.3%), from €864,184 to €740,790
- Other debts -€102,753
down €102,753 (-55.1%), from €186,358 to €83,605
- Trade debts +€62,790
up €62,790 (+61.8%), from €101,577 to €164,367
- Gross operating margin +€56,763
up €56,763 (+12.1%), from €469,776 to €526,539
- Staff costs +€27,117
up €27,117 (+10.4%), from €260,934 to €288,051
- Depreciation +€6,425
up €6,425 (+4.9%), from €131,870 to €138,295
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 | €1,640,693 | €1,539,014 | -€101,680 | -6.2% |
| Fixed assets | 21/28 | €1,275,699 | €1,179,843 | -€95,856 | -7.5% |
| Intangible fixed assets | 21 | €441,404 | €376,804 | -€64,600 | -14.6% |
| Tangible fixed assets | 22/27 | €834,295 | €803,039 | -€31,256 | -3.7% |
| Land and buildings | 22 | €769,853 | €724,004 | -€45,849 | -6.0% |
| Plant, machinery and equipment | 23 | €12,763 | €15,417 | +€2,654 | +20.8% |
| Furniture and vehicles | 24 | €51,679 | €63,618 | +€11,939 | +23.1% |
| Current assets | 29/58 | €364,994 | €359,171 | -€5,824 | -1.6% |
| Stocks and contracts in progress | 3 | €24,646 | €102,172 | +€77,527 | +315% |
| Stocks | 30/36 | €24,646 | €102,172 | +€77,527 | +315% |
| Amounts receivable within one year | 40/41 | €148,453 | €150,762 | +€2,308 | +1.6% |
| Trade receivables | 40 | €95,432 | €102,937 | +€7,505 | +7.9% |
| Other amounts receivable | 41 | €53,021 | €47,825 | -€5,197 | -9.8% |
| Cash at bank and in hand | 54/58 | €191,895 | €106,237 | -€85,658 | -44.6% |
| Total equity and liabilities | 10/49 | €1,640,693 | €1,539,014 | -€101,680 | -6.2% |
| Equity | 10/15 | €321,886 | €384,020 | +€62,134 | +19.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €374,020 | +€374,020 | |
| Distributable reserves | 133 | - | €374,020 | +€374,020 | |
| Profit (loss) carried forward | 14 | €311,886 | - | -€311,886 | |
| Amounts payable | 17/49 | €1,318,807 | €1,154,994 | -€163,814 | -12.4% |
| Amounts payable after more than one year | 17 | €864,184 | €740,790 | -€123,393 | -14.3% |
| Financial debts | 170/4 | €864,184 | €740,790 | -€123,393 | -14.3% |
| Amounts payable within one year | 42/48 | €454,624 | €414,204 | -€40,420 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €128,027 | €134,808 | +€6,781 | +5.3% |
| Trade debts | 44 | €101,577 | €164,367 | +€62,790 | +61.8% |
| Suppliers | 440/4 | €101,577 | €164,367 | +€62,790 | +61.8% |
| Taxes, remuneration and social security | 45 | €38,661 | €31,424 | -€7,237 | -18.7% |
| Taxes | 450/3 | €1,823 | €92 | -€1,732 | -95.0% |
| Remuneration and social security | 454/9 | €36,838 | €31,332 | -€5,506 | -14.9% |
| Other amounts payable | 47/48 | €186,358 | €83,605 | -€102,753 | -55.1% |
| Remuneration, social security and pensions | 62 | €260,934 | €288,051 | +€27,117 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,870 | €138,295 | +€6,425 | +4.9% |
| Other operating charges | 640/8 | €5,013 | €5,725 | +€712 | +14.2% |
| Gross operating margin | 9900 | €469,776 | €526,539 | +€56,763 | +12.1% |
| Operating profit (loss) | 9901 | €71,959 | €94,468 | +€22,509 | +31.3% |
| Financial income | 75/76B | €155 | €1 | -€154 | -99.1% |
| Recurring financial income | 75 | €155 | €1 | -€154 | -99.1% |
| Financial charges | 65/66B | €15,872 | €17,785 | +€1,914 | +12.1% |
| Recurring financial charges | 65 | €15,872 | €17,785 | +€1,914 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €56,243 | €76,684 | +€20,441 | +36.3% |
| Income taxes | 67/77 | €11,194 | €14,550 | +€3,356 | +30.0% |
| Profit (loss) for the period | 9904 | €45,049 | €62,134 | +€17,085 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,049 | €62,134 | +€17,085 | +37.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.