IMCO: 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.
IMCO
Largest movements
- Receivables within one year +€95,822
up €95,822 (+106.9%), from €89,608 to €185,430
of which Other amounts receivable: +€102,785
- Tangible fixed assets -€22,551
down €22,551 (-30.4%), from €74,220 to €51,668
- Profit (loss) carried forward +€73,386
up €73,386 (+164.5%), from €44,614 to €118,000
- Tax, wage and social debts +€26,255
up €26,255 (+94.6%), from €27,760 to €54,014
- Debts after one year -€16,656
down €16,656 (-23.3%), from €71,463 to €54,807
- Trade debts -€13,120
down €13,120 (-61.0%), from €21,516 to €8,397
- Gross operating margin +€55,776
up €55,776 (+72.5%), from €76,963 to €132,739
- Taxes +€15,523
up €15,523 (+116.2%), from €13,359 to €28,881
- Financial income +€1,494
up €1,494, from €0 to €1,494
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 | €424,182 | €497,566 | +€73,384 | +17.3% |
| Fixed assets | 21/28 | €334,551 | €311,999 | -€22,551 | -6.7% |
| Tangible fixed assets | 22/27 | €74,220 | €51,668 | -€22,551 | -30.4% |
| Leasing and similar rights | 25 | €74,220 | €51,668 | -€22,551 | -30.4% |
| Financial fixed assets | 28 | €260,331 | €260,331 | = | 0.0% |
| Current assets | 29/58 | €89,631 | €185,567 | +€95,936 | +107.0% |
| Amounts receivable within one year | 40/41 | €89,608 | €185,430 | +€95,822 | +106.9% |
| Trade receivables | 40 | €36,619 | €29,656 | -€6,963 | -19.0% |
| Other amounts receivable | 41 | €52,988 | €155,773 | +€102,785 | +194.0% |
| Cash at bank and in hand | 54/58 | €24 | €137 | +€114 | +482.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €424,182 | €497,566 | +€73,384 | +17.3% |
| Equity | 10/15 | €287,814 | €361,200 | +€73,386 | +25.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €181,200 | €181,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,614 | €118,000 | +€73,386 | +164.5% |
| Amounts payable | 17/49 | €136,368 | €136,366 | -€2 | 0.0% |
| Amounts payable after more than one year | 17 | €71,463 | €54,807 | -€16,656 | -23.3% |
| Financial debts | 170/4 | €71,463 | €54,807 | -€16,656 | -23.3% |
| Amounts payable within one year | 42/48 | €64,905 | €81,559 | +€16,654 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €15,629 | €16,656 | +€1,027 | +6.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €21,516 | €8,397 | -€13,120 | -61.0% |
| Suppliers | 440/4 | €21,516 | €8,397 | -€13,120 | -61.0% |
| Taxes, remuneration and social security | 45 | €27,760 | €54,014 | +€26,255 | +94.6% |
| Taxes | 450/3 | €27,760 | €54,014 | +€26,255 | +94.6% |
| Other amounts payable | 47/48 | - | €2,492 | +€2,492 | |
| Non-recurring operating income | 76A | - | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,551 | €22,551 | = | 0.0% |
| Other operating charges | 640/8 | €3,045 | €1,948 | -€1,097 | -36.0% |
| Gross operating margin | 9900 | €76,963 | €132,739 | +€55,776 | +72.5% |
| Operating profit (loss) | 9901 | €51,366 | €108,240 | +€56,873 | +110.7% |
| Financial income | 75/76B | €0 | €1,494 | +€1,494 | |
| Recurring financial income | 75 | €0 | €1,494 | +€1,494 | |
| Financial charges | 65/66B | €6,742 | €7,466 | +€725 | +10.7% |
| Recurring financial charges | 65 | €6,742 | €7,466 | +€725 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €44,625 | €102,268 | +€57,643 | +129.2% |
| Income taxes | 67/77 | €13,359 | €28,881 | +€15,523 | +116.2% |
| Profit (loss) for the period | 9904 | €31,266 | €73,386 | +€42,120 | +134.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,266 | €73,386 | +€42,120 | +134.7% |
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 29 September 2026 via checked.be.