IMCHLO: 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.
IMCHLO
Largest movements
- Current investments +€201,023
new in 2025: €201,023
- Cash +€115,585
up €115,585 (+29.0%), from €398,848 to €514,433
mainly Net result for the year (+€341,763) and Trade debts (+€73,112)
- Stocks and contracts +€92,979
up €92,979 (+51.7%), from €180,000 to €272,979
- Receivables within one year +€18,685
up €18,685 (+13.3%), from €140,668 to €159,353
of which Trade receivables: +€16,223
- Reserves +€341,700
up €341,700 (+73.7%), from €463,800 to €805,500
- Trade debts +€73,112
up €73,112 (+79.4%), from €92,119 to €165,231
- Tax, wage and social debts +€16,870
up €16,870 (+11.5%), from €146,948 to €163,818
- Other debts +€13,339
up €13,339 (+137.2%), from €9,719 to €23,058
- Gross operating margin +€42,544
up €42,544 (+9.3%), from €458,693 to €501,237
- Taxes +€13,449
up €13,449 (+9.5%), from €142,269 to €155,718
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 | €724,672 | €1,158,704 | +€434,032 | +59.9% |
| Fixed assets | 21/28 | €4,004 | €9,659 | +€5,655 | +141.2% |
| Tangible fixed assets | 22/27 | €4,004 | €9,659 | +€5,655 | +141.2% |
| Plant, machinery and equipment | 23 | €2,712 | €8,897 | +€6,184 | +228.0% |
| Furniture and vehicles | 24 | €1,292 | €763 | -€529 | -41.0% |
| Current assets | 29/58 | €720,668 | €1,149,045 | +€428,377 | +59.4% |
| Stocks and contracts in progress | 3 | €180,000 | €272,979 | +€92,979 | +51.7% |
| Stocks | 30/36 | €180,000 | €272,979 | +€92,979 | +51.7% |
| Amounts receivable within one year | 40/41 | €140,668 | €159,353 | +€18,685 | +13.3% |
| Trade receivables | 40 | €140,502 | €156,725 | +€16,223 | +11.5% |
| Other amounts receivable | 41 | €166 | €2,628 | +€2,462 | +1481.0% |
| Current investments | 50/53 | - | €201,023 | +€201,023 | |
| Cash at bank and in hand | 54/58 | €398,848 | €514,433 | +€115,585 | +29.0% |
| Deferred charges and accrued income | 490/1 | €1,152 | €1,258 | +€105 | +9.1% |
| Total equity and liabilities | 10/49 | €724,672 | €1,158,704 | +€434,032 | +59.9% |
| Equity | 10/15 | €464,834 | €806,598 | +€341,763 | +73.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €463,800 | €805,500 | +€341,700 | +73.7% |
| Distributable reserves | 133 | €463,800 | €805,500 | +€341,700 | +73.7% |
| Profit (loss) carried forward | 14 | €34 | €98 | +€63 | +185.2% |
| Amounts payable | 17/49 | €259,838 | €352,107 | +€92,269 | +35.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €254,835 | €352,107 | +€97,272 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €6,049 | €0 | -€6,049 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €92,119 | €165,231 | +€73,112 | +79.4% |
| Suppliers | 440/4 | €92,119 | €165,231 | +€73,112 | +79.4% |
| Taxes, remuneration and social security | 45 | €146,948 | €163,818 | +€16,870 | +11.5% |
| Taxes | 450/3 | €146,948 | €163,818 | +€16,870 | +11.5% |
| Other amounts payable | 47/48 | €9,719 | €23,058 | +€13,339 | +137.2% |
| Accrued charges and deferred income | 492/3 | €5,003 | €0 | -€5,003 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €2,845 | +€1,142 | +67.1% |
| Other operating charges | 640/8 | €381 | €1,447 | +€1,066 | +279.9% |
| Gross operating margin | 9900 | €458,693 | €501,237 | +€42,544 | +9.3% |
| Operating profit (loss) | 9901 | €456,609 | €496,944 | +€40,335 | +8.8% |
| Financial income | 75/76B | €428 | €2,821 | +€2,392 | +558.5% |
| Recurring financial income | 75 | €428 | €2,821 | +€2,392 | +558.5% |
| Financial charges | 65/66B | €3,167 | €2,284 | -€883 | -27.9% |
| Recurring financial charges | 65 | €3,167 | €2,284 | -€883 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €453,871 | €497,481 | +€43,610 | +9.6% |
| Income taxes | 67/77 | €142,269 | €155,718 | +€13,449 | +9.5% |
| Profit (loss) for the period | 9904 | €311,602 | €341,763 | +€30,161 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €311,602 | €341,763 | +€30,161 | +9.7% |
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 10 October 2026 via checked.be.