ImCoCo: 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.
ImCoCo
Largest movements
- Tangible fixed assets +€93,872
up €93,872 (+876.6%), from €10,708 to €104,580
of which Furniture and vehicles: +€94,147
- Cash -€64,255
down €64,255 (-50.7%), from €126,639 to €62,384
mainly Contributions, distributions and other (-€120,000) and Investment in fixed assets (net) (-€109,827)
- Financial fixed assets -€9,960
down €9,960 (-81.4%), from €12,240 to €2,280
- Other debts -€106,642
down €106,642 (-93.1%), from €114,487 to €7,846
- Profit (loss) carried forward +€57,030
up €57,030, from €0 to €57,030
- Debts after one year +€41,279
up €41,279 (+195.2%), from €21,147 to €62,426
- Current portion of long-term debt +€25,884
new in 2025: €25,884
- Gross operating margin +€119,887
up €119,887 (+74.1%), from €161,795 to €281,682
- Taxes +€62,240
up €62,240 (+4039.1%), from €1,541 to €63,781
- Depreciation +€20,756
up €20,756 (+402.4%), from €5,159 to €25,915
- Financial charges +€12,626
up €12,626 (+1074.1%), from €1,176 to €13,802
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 | €196,920 | €214,626 | +€17,706 | +9.0% |
| Fixed assets | 21/28 | €22,948 | €106,860 | +€83,912 | +365.7% |
| Tangible fixed assets | 22/27 | €10,708 | €104,580 | +€93,872 | +876.6% |
| Plant, machinery and equipment | 23 | €3,204 | €2,928 | -€276 | -8.6% |
| Furniture and vehicles | 24 | €7,504 | €101,652 | +€94,147 | +1254.6% |
| Financial fixed assets | 28 | €12,240 | €2,280 | -€9,960 | -81.4% |
| Current assets | 29/58 | €173,972 | €107,766 | -€66,206 | -38.1% |
| Amounts receivable within one year | 40/41 | €33,709 | €32,082 | -€1,627 | -4.8% |
| Trade receivables | 40 | €32,750 | €31,503 | -€1,247 | -3.8% |
| Other amounts receivable | 41 | €959 | €579 | -€380 | -39.6% |
| Current investments | 50/53 | €10,500 | €10,500 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €126,639 | €62,384 | -€64,255 | -50.7% |
| Deferred charges and accrued income | 490/1 | €3,125 | €2,800 | -€324 | -10.4% |
| Total equity and liabilities | 10/49 | €196,920 | €214,626 | +€17,706 | +9.0% |
| Equity | 10/15 | €31,411 | €88,442 | +€57,030 | +181.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,811 | €12,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €10,949 | €10,949 | = | 0.0% |
| Distributable reserves | 133 | €1,863 | €1,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €57,030 | +€57,030 | |
| Amounts payable | 17/49 | €165,509 | €126,185 | -€39,324 | -23.8% |
| Amounts payable after more than one year | 17 | €21,147 | €62,426 | +€41,279 | +195.2% |
| Financial debts | 170/4 | €21,147 | €62,426 | +€41,279 | +195.2% |
| Amounts payable within one year | 42/48 | €144,362 | €63,758 | -€80,603 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | - | €25,884 | +€25,884 | |
| Trade debts | 44 | €309 | €1,173 | +€865 | +280.3% |
| Suppliers | 440/4 | €309 | €1,173 | +€865 | +280.3% |
| Taxes, remuneration and social security | 45 | €29,566 | €28,856 | -€711 | -2.4% |
| Taxes | 450/3 | €25,316 | €27,145 | +€1,828 | +7.2% |
| Remuneration and social security | 454/9 | €4,250 | €1,711 | -€2,539 | -59.7% |
| Other amounts payable | 47/48 | €114,487 | €7,846 | -€106,642 | -93.1% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,159 | €25,915 | +€20,756 | +402.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,281 | €1,703 | +€422 | +32.9% |
| Gross operating margin | 9900 | €161,795 | €281,682 | +€119,887 | +74.1% |
| Operating profit (loss) | 9901 | €155,354 | €254,064 | +€98,709 | +63.5% |
| Financial income | 75/76B | €0 | €550 | +€550 | +2748150.0% |
| Recurring financial income | 75 | €0 | €550 | +€550 | +2748150.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,176 | €13,802 | +€12,626 | +1074.1% |
| Recurring financial charges | 65 | €1,176 | €13,802 | +€12,626 | +1074.1% |
| Profit (loss) for the period before taxes | 9903 | €154,179 | €240,811 | +€86,633 | +56.2% |
| Income taxes | 67/77 | €1,541 | €63,781 | +€62,240 | +4039.1% |
| Profit (loss) for the period | 9904 | €152,638 | €177,030 | +€24,392 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €152,638 | €177,030 | +€24,392 | +16.0% |
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 30 September 2026 via checked.be.