IMC INFRA: 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.
IMC INFRA
Largest movements
- Receivables within one year -€79,753
down €79,753 (-21.8%), from €365,826 to €286,074
of which Trade receivables: -€96,215
- Tangible fixed assets -€41,479
down €41,479 (-18.3%), from €226,878 to €185,400
- Trade debts -€66,452
down €66,452 (-62.5%), from €106,289 to €39,837
- Debts after one year -€64,285
no longer reported in 2025 (was €64,285)
- Reserves +€33,331
up €33,331 (+15.5%), from €214,403 to €247,734
- Tax, wage and social debts -€23,090
down €23,090 (-22.6%), from €101,958 to €78,868
of which Taxes: -€19,447
- Current portion of long-term debt -€6,507
down €6,507 (-9.2%), from €70,792 to €64,285
- Gross operating margin +€210,273
up €210,273 (+70.1%), from €299,962 to €510,234
- Staff costs +€156,365
up €156,365 (+61.8%), from €253,045 to €409,410
- Depreciation +€16,802
up €16,802 (+131%), from €12,861 to €29,663
- Financial charges +€15,064
up €15,064 (+297%), from €5,074 to €20,138
- Other operating charges +€9,904
up €9,904 (+359%), from €2,755 to €12,659
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 | €613,727 | €494,209 | -€119,518 | -19.5% |
| Fixed assets | 21/28 | €230,632 | €189,154 | -€41,479 | -18.0% |
| Tangible fixed assets | 22/27 | €226,878 | €185,400 | -€41,479 | -18.3% |
| Land and buildings | 22 | €191,908 | €171,500 | -€20,408 | -10.6% |
| Plant, machinery and equipment | 23 | €5,979 | €3,386 | -€2,594 | -43.4% |
| Furniture and vehicles | 24 | €28,991 | €10,514 | -€18,477 | -63.7% |
| Financial fixed assets | 28 | €3,754 | €3,754 | = | 0.0% |
| Current assets | 29/58 | €383,095 | €305,055 | -€78,040 | -20.4% |
| Amounts receivable within one year | 40/41 | €365,826 | €286,074 | -€79,753 | -21.8% |
| Trade receivables | 40 | €252,678 | €156,463 | -€96,215 | -38.1% |
| Other amounts receivable | 41 | €113,148 | €129,610 | +€16,462 | +14.5% |
| Cash at bank and in hand | 54/58 | €180 | - | -€180 | |
| Deferred charges and accrued income | 490/1 | €17,088 | €18,981 | +€1,893 | +11.1% |
| Total equity and liabilities | 10/49 | €613,727 | €494,209 | -€119,518 | -19.5% |
| Equity | 10/15 | €220,403 | €253,734 | +€33,331 | +15.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €214,403 | €247,734 | +€33,331 | +15.5% |
| Distributable reserves | 133 | €214,403 | €247,734 | +€33,331 | +15.5% |
| Amounts payable | 17/49 | €393,324 | €240,474 | -€152,849 | -38.9% |
| Amounts payable after more than one year | 17 | €64,285 | - | -€64,285 | |
| Financial debts | 170/4 | €64,285 | - | -€64,285 | |
| Amounts payable within one year | 42/48 | €329,039 | €234,989 | -€94,050 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €70,792 | €64,285 | -€6,507 | -9.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €106,289 | €39,837 | -€66,452 | -62.5% |
| Suppliers | 440/4 | €106,289 | €39,837 | -€66,452 | -62.5% |
| Taxes, remuneration and social security | 45 | €101,958 | €78,868 | -€23,090 | -22.6% |
| Taxes | 450/3 | €48,572 | €29,125 | -€19,447 | -40.0% |
| Remuneration and social security | 454/9 | €53,387 | €49,743 | -€3,644 | -6.8% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €5,485 | +€5,485 | |
| Non-recurring operating income | 76A | €18,444 | €3,184 | -€15,260 | -82.7% |
| Remuneration, social security and pensions | 62 | €253,045 | €409,410 | +€156,365 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,861 | €29,663 | +€16,802 | +131% |
| Other operating charges | 640/8 | €2,755 | €12,659 | +€9,904 | +359% |
| Gross operating margin | 9900 | €299,962 | €510,234 | +€210,273 | +70.1% |
| Operating profit (loss) | 9901 | €31,301 | €58,502 | +€27,201 | +86.9% |
| Financial income | 75/76B | €4,051 | €7,827 | +€3,777 | +93.2% |
| Recurring financial income | 75 | €4,051 | €7,827 | +€3,777 | +93.2% |
| Financial charges | 65/66B | €5,074 | €20,138 | +€15,064 | +297% |
| Recurring financial charges | 65 | €5,074 | €20,138 | +€15,064 | +297% |
| Profit (loss) for the period before taxes | 9903 | €30,278 | €46,192 | +€15,914 | +52.6% |
| Income taxes | 67/77 | €12,154 | €12,861 | +€707 | +5.8% |
| Profit (loss) for the period | 9904 | €18,124 | €33,331 | +€15,207 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,124 | €33,331 | +€15,207 | +83.9% |
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 23 October 2026 via checked.be.