IMCAVER: 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.
IMCAVER
Largest movements
- Tangible fixed assets -€9,147
down €9,147 (-7.5%), from €122,087 to €112,940
of which Land and buildings: -€9,147
- Cash +€2,962
up €2,962 (+44.5%), from €6,654 to €9,616
mainly Depreciation (+€9,147) and Trade debts (+€2,521)
- Profit (loss) carried forward -€8,597
down €8,597 (-4.0%), from -€217,468 to -€226,064
- Trade debts +€2,521
up €2,521 (+109.8%), from €2,295 to €4,816
- Depreciation -€7,628
down €7,628 (-45.5%), from €16,774 to €9,147
- Gross operating margin -€3,054
down €3,054 (-43.2%), from €7,073 to €4,019
- Other operating charges +€133
up €133 (+4.1%), from €3,239 to €3,372
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.
Cash bridge derived
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 | €128,741 | €122,556 | -€6,185 | -4.8% |
| Fixed assets | 21/28 | €122,087 | €112,940 | -€9,147 | -7.5% |
| Tangible fixed assets | 22/27 | €122,087 | €112,940 | -€9,147 | -7.5% |
| Land and buildings | 22 | €122,087 | €112,940 | -€9,147 | -7.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €6,654 | €9,616 | +€2,962 | +44.5% |
| Cash at bank and in hand | 54/58 | €6,654 | €9,616 | +€2,962 | +44.5% |
| Total equity and liabilities | 10/49 | €128,741 | €122,556 | -€6,185 | -4.8% |
| Equity | 10/15 | -€31,547 | -€40,144 | -€8,597 | -27.2% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,468 | -€226,064 | -€8,597 | -4.0% |
| Amounts payable | 17/49 | €160,288 | €162,700 | +€2,412 | +1.5% |
| Amounts payable after more than one year | 17 | €135,499 | €135,499 | = | 0.0% |
| Other amounts payable | 178/9 | €135,499 | €135,499 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,790 | €27,202 | +€2,412 | +9.7% |
| Trade debts | 44 | €2,295 | €4,816 | +€2,521 | +109.8% |
| Suppliers | 440/4 | €2,295 | €4,816 | +€2,521 | +109.8% |
| Other amounts payable | 47/48 | €22,495 | €22,386 | -€109 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,774 | €9,147 | -€7,628 | -45.5% |
| Other operating charges | 640/8 | €3,239 | €3,372 | +€133 | +4.1% |
| Gross operating margin | 9900 | €7,073 | €4,019 | -€3,054 | -43.2% |
| Operating profit (loss) | 9901 | -€12,941 | -€8,500 | +€4,441 | +34.3% |
| Financial charges | 65/66B | €39 | €97 | +€58 | +148.1% |
| Recurring financial charges | 65 | €39 | €97 | +€58 | +148.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,980 | -€8,597 | +€4,383 | +33.8% |
| Profit (loss) for the period | 9904 | -€12,980 | -€8,597 | +€4,383 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,980 | -€8,597 | +€4,383 | +33.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.