Imbrechts Management & Consultancy: 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 Management & Consultancy
Largest movements
- Tangible fixed assets +€124,065
up €124,065, from €0 to €124,065
of which Land and buildings: +€117,529
- Cash -€48,774
down €48,774 (-42.5%), from €114,776 to €66,003
mainly Investment in fixed assets (net) (-€144,805) and Receivables within one year (-€14,975)
- Receivables within one year +€14,975
up €14,975 (+89.3%), from €16,762 to €31,737
of which Other amounts receivable: +€16,101
- Debts after one year +€74,401
new in 2025: €74,401
- Short-term financial debts +€12,523
new in 2025: €12,523
- Reserves +€12,416
up €12,416 (+14.5%), from €85,613 to €98,029
- Tax, wage and social debts -€5,573
down €5,573 (-24.3%), from €22,888 to €17,315
- Other debts -€2,731
no longer reported in 2025 (was €2,731)
- Depreciation +€20,740
new in 2025: €20,740
- Gross operating margin -€16,690
down €16,690 (-28.3%), from €58,870 to €42,181
- Taxes -€11,266
down €11,266 (-66.9%), from €16,839 to €5,573
- Financial charges +€3,150
up €3,150 (+7,934%), from €40 to €3,190
- Other operating charges +€733
up €733 (+54.8%), from €1,339 to €2,073
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 | €161,618 | €251,884 | +€90,266 | +55.9% |
| Fixed assets | 21/28 | €0 | €124,065 | +€124,065 | |
| Tangible fixed assets | 22/27 | €0 | €124,065 | +€124,065 | |
| Land and buildings | 22 | - | €117,529 | +€117,529 | |
| Furniture and vehicles | 24 | €0 | €6,536 | +€6,536 | |
| Current assets | 29/58 | €161,618 | €127,819 | -€33,799 | -20.9% |
| Amounts receivable after more than one year | 29 | €29,000 | €29,000 | = | 0.0% |
| Other amounts receivable | 291 | €29,000 | €29,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,762 | €31,737 | +€14,975 | +89.3% |
| Trade receivables | 40 | €16,762 | €15,635 | -€1,127 | -6.7% |
| Other amounts receivable | 41 | - | €16,101 | +€16,101 | |
| Cash at bank and in hand | 54/58 | €114,776 | €66,003 | -€48,774 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,080 | €1,080 | = | 0.0% |
| Total equity and liabilities | 10/49 | €161,618 | €251,884 | +€90,266 | +55.9% |
| Equity | 10/15 | €135,031 | €147,448 | +€12,416 | +9.2% |
| Contributions | 10/11 | €20,592 | €20,592 | = | 0.0% |
| Reserves | 13 | €85,613 | €98,029 | +€12,416 | +14.5% |
| Distributable reserves | 133 | €85,613 | €98,029 | +€12,416 | +14.5% |
| Profit (loss) carried forward | 14 | €28,827 | €28,827 | = | 0.0% |
| Amounts payable | 17/49 | €26,587 | €104,437 | +€77,849 | +293% |
| Amounts payable after more than one year | 17 | - | €74,401 | +€74,401 | |
| Financial debts | 170/4 | - | €74,401 | +€74,401 | |
| Amounts payable within one year | 42/48 | €26,587 | €30,036 | +€3,449 | +13.0% |
| Financial debts | 43 | - | €12,523 | +€12,523 | |
| Credit institutions | 430/8 | - | €12,523 | +€12,523 | |
| Trade debts | 44 | €968 | €198 | -€770 | -79.5% |
| Suppliers | 440/4 | €968 | €198 | -€770 | -79.5% |
| Taxes, remuneration and social security | 45 | €22,888 | €17,315 | -€5,573 | -24.3% |
| Taxes | 450/3 | €22,888 | €17,315 | -€5,573 | -24.3% |
| Other amounts payable | 47/48 | €2,731 | - | -€2,731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €20,740 | +€20,740 | |
| Other operating charges | 640/8 | €1,339 | €2,073 | +€733 | +54.8% |
| Gross operating margin | 9900 | €58,870 | €42,181 | -€16,690 | -28.3% |
| Operating profit (loss) | 9901 | €57,531 | €19,368 | -€38,163 | -66.3% |
| Financial income | 75/76B | €1,197 | €1,812 | +€615 | +51.3% |
| Recurring financial income | 75 | €1,197 | €1,812 | +€615 | +51.3% |
| Financial charges | 65/66B | €40 | €3,190 | +€3,150 | +7,934% |
| Recurring financial charges | 65 | €40 | €3,190 | +€3,150 | +7,934% |
| Profit (loss) for the period before taxes | 9903 | €58,688 | €17,990 | -€40,699 | -69.3% |
| Income taxes | 67/77 | €16,839 | €5,573 | -€11,266 | -66.9% |
| Profit (loss) for the period | 9904 | €41,849 | €12,416 | -€29,433 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,849 | €12,416 | -€29,433 | -70.3% |
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 30 October 2026 via checked.be.