IMCO: 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.
IMCO
Largest movements
- Tangible fixed assets -€22,771
down €22,771 (-6.1%), from €374,100 to €351,328
- Debts after one year -€51,484
down €51,484 (-21.8%), from €236,121 to €184,637
- Profit (loss) carried forward +€20,984
up €20,984 (+40.9%), from €51,320 to €72,304
- Tax, wage and social debts +€10,185
up €10,185 (+117.5%), from €8,665 to €18,850
of which Remuneration and social security: +€5,500
- Write-downs -€19,200
no longer reported in 2025 (was €19,200)
- Gross operating margin -€18,489
down €18,489 (-19.6%), from €94,403 to €75,914
- Other operating charges -€3,648
down €3,648 (-25.7%), from €14,204 to €10,557
- Financial charges -€2,969
down €2,969 (-15.9%), from €18,721 to €15,752
- Taxes +€1,685
up €1,685 (+40.5%), from €4,165 to €5,850
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 | €722,763 | €697,978 | -€24,785 | -3.4% |
| Fixed assets | 21/28 | €374,100 | €351,328 | -€22,771 | -6.1% |
| Tangible fixed assets | 22/27 | €374,100 | €351,328 | -€22,771 | -6.1% |
| Land and buildings | 22 | €374,100 | €351,328 | -€22,771 | -6.1% |
| Current assets | 29/58 | €348,663 | €346,650 | -€2,013 | -0.6% |
| Stocks and contracts in progress | 3 | €341,794 | €341,794 | = | 0.0% |
| Stocks | 30/36 | €341,794 | €341,794 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,869 | €4,855 | -€2,013 | -29.3% |
| Total equity and liabilities | 10/49 | €722,763 | €697,978 | -€24,785 | -3.4% |
| Equity | 10/15 | €59,380 | €80,364 | +€20,984 | +35.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,320 | €72,304 | +€20,984 | +40.9% |
| Amounts payable | 17/49 | €663,383 | €617,614 | -€45,769 | -6.9% |
| Amounts payable after more than one year | 17 | €236,121 | €184,637 | -€51,484 | -21.8% |
| Financial debts | 170/4 | €236,121 | €184,637 | -€51,484 | -21.8% |
| Amounts payable within one year | 42/48 | €421,036 | €432,977 | +€11,941 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €48,529 | €51,484 | +€2,955 | +6.1% |
| Trade debts | 44 | €2,329 | €1,681 | -€649 | -27.8% |
| Suppliers | 440/4 | €2,329 | €1,681 | -€649 | -27.8% |
| Taxes, remuneration and social security | 45 | €8,665 | €18,850 | +€10,185 | +117.5% |
| Taxes | 450/3 | €4,165 | €8,850 | +€4,685 | +112.5% |
| Remuneration and social security | 454/9 | €4,500 | €10,000 | +€5,500 | +122.2% |
| Other amounts payable | 47/48 | €361,513 | €360,963 | -€550 | -0.2% |
| Accrued charges and deferred income | 492/3 | €6,227 | - | -€6,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,771 | €22,771 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,200 | - | -€19,200 | |
| Other operating charges | 640/8 | €14,204 | €10,557 | -€3,648 | -25.7% |
| Gross operating margin | 9900 | €94,403 | €75,914 | -€18,489 | -19.6% |
| Operating profit (loss) | 9901 | €38,227 | €42,586 | +€4,359 | +11.4% |
| Financial charges | 65/66B | €18,721 | €15,752 | -€2,969 | -15.9% |
| Recurring financial charges | 65 | €18,721 | €15,752 | -€2,969 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €19,507 | €26,834 | +€7,327 | +37.6% |
| Income taxes | 67/77 | €4,165 | €5,850 | +€1,685 | +40.5% |
| Profit (loss) for the period | 9904 | €15,342 | €20,984 | +€5,642 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,342 | €20,984 | +€5,642 | +36.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.