IMCAM: what changed
Two fiscal 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.
IMCAM
Largest movements
- Cash +€24,019
up €24,019 (+10.0%), from €241,386 to €265,405
mainly Net result for the year (+€12,118) and Depreciation (+€9,052)
- Tangible fixed assets -€4,082
down €4,082 (-6.4%), from €63,431 to €59,350
of which Land and buildings: -€7,248
- Reserves +€10,000
up €10,000 (+15.1%), from €66,280 to €76,280
of which Distributable reserves: +€10,000
- Other debts +€4,532
up €4,532 (+24.6%), from €18,403 to €22,935
- Gross operating margin +€2,454
up €2,454 (+7.7%), from €31,800 to €34,254
- Financial income +€1,148
up €1,148 (+282.1%), from €407 to €1,555
- Taxes +€857
up €857 (+18.4%), from €4,670 to €5,527
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,707 | €330,900 | +€16,194 | +5.1% |
| Fixed assets | 21/28 | €63,481 | €59,399 | -€4,082 | -6.4% |
| Tangible fixed assets | 22/27 | €63,431 | €59,350 | -€4,082 | -6.4% |
| Land and buildings | 22 | €47,741 | €40,493 | -€7,248 | -15.2% |
| Plant, machinery and equipment | 23 | €15,691 | €18,857 | +€3,167 | +20.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €251,226 | €271,501 | +€20,275 | +8.1% |
| Amounts receivable within one year | 40/41 | €6,690 | €5,497 | -€1,193 | -17.8% |
| Other amounts receivable | 41 | €6,690 | €5,497 | -€1,193 | -17.8% |
| Cash at bank and in hand | 54/58 | €241,386 | €265,405 | +€24,019 | +10.0% |
| Deferred charges and accrued income | 490/1 | €3,149 | €598 | -€2,551 | -81.0% |
| Total equity and liabilities | 10/49 | €314,707 | €330,900 | +€16,194 | +5.1% |
| Equity | 10/15 | €233,648 | €245,765 | +€12,118 | +5.2% |
| Contributions | 10/11 | €69,690 | €69,690 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €7,690 | €7,690 | = | 0.0% |
| Share premium | 1100/10 | €7,690 | €7,690 | = | 0.0% |
| Reserves | 13 | €66,280 | €76,280 | +€10,000 | +15.1% |
| Non-distributable reserves | 130/1 | €20,780 | €20,780 | = | 0.0% |
| Legal reserve | 130 | €20,780 | €20,780 | = | 0.0% |
| Distributable reserves | 133 | €45,500 | €55,500 | +€10,000 | +22.0% |
| Profit (loss) carried forward | 14 | €97,678 | €99,795 | +€2,118 | +2.2% |
| Amounts payable | 17/49 | €81,059 | €85,135 | +€4,076 | +5.0% |
| Amounts payable after more than one year | 17 | €54,537 | €54,537 | = | 0.0% |
| Financial debts | 170/4 | €54,537 | €54,537 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,522 | €30,598 | +€4,076 | +15.4% |
| Trade debts | 44 | €5,911 | €4,454 | -€1,456 | -24.6% |
| Suppliers | 440/4 | €5,911 | €4,454 | -€1,456 | -24.6% |
| Taxes, remuneration and social security | 45 | €2,209 | €3,209 | +€1,000 | +45.3% |
| Taxes | 450/3 | €2,209 | €3,209 | +€1,000 | +45.3% |
| Other amounts payable | 47/48 | €18,403 | €22,935 | +€4,532 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,712 | €9,052 | +€340 | +3.9% |
| Other operating charges | 640/8 | €4,521 | €4,685 | +€164 | +3.6% |
| Gross operating margin | 9900 | €31,800 | €34,254 | +€2,454 | +7.7% |
| Operating profit (loss) | 9901 | €18,567 | €20,518 | +€1,951 | +10.5% |
| Financial income | 75/76B | €407 | €1,555 | +€1,148 | +282.1% |
| Recurring financial income | 75 | €407 | €1,555 | +€1,148 | +282.1% |
| Financial charges | 65/66B | €4,419 | €4,428 | +€8 | +0.2% |
| Recurring financial charges | 65 | €4,419 | €4,428 | +€8 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €14,554 | €17,645 | +€3,090 | +21.2% |
| Income taxes | 67/77 | €4,670 | €5,527 | +€857 | +18.4% |
| Profit (loss) for the period | 9904 | €9,885 | €12,118 | +€2,233 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,885 | €12,118 | +€2,233 | +22.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.