IMCOFIN MANAGEMENT: 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.
IMCOFIN MANAGEMENT
Largest movements
- Cash -€2,365
down €2,365 (-71.1%), from €3,328 to €963
mainly Net result for the year (-€2,239) and Trade debts (-€126)
- Reserves -€2,239
down €2,239 (-38.7%), from €5,789 to €3,550
- Gross operating margin -€107
down €107 (-7.9%), from -€1,350 to -€1,457
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.
Derived cash bridge
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 | €18,328 | €15,963 | -€2,365 | -12.9% |
| Current assets | 29/58 | €18,328 | €15,963 | -€2,365 | -12.9% |
| Amounts receivable within one year | 40/41 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,328 | €963 | -€2,365 | -71.1% |
| Total equity and liabilities | 10/49 | €18,328 | €15,963 | -€2,365 | -12.9% |
| Equity | 10/15 | €18,189 | €15,950 | -€2,239 | -12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,789 | €3,550 | -€2,239 | -38.7% |
| Distributable reserves | 133 | €5,789 | €3,550 | -€2,239 | -38.7% |
| Amounts payable | 17/49 | €139 | €13 | -€126 | -90.8% |
| Amounts payable within one year | 42/48 | €139 | €13 | -€126 | -90.8% |
| Trade debts | 44 | €139 | €13 | -€126 | -90.8% |
| Suppliers | 440/4 | €139 | €13 | -€126 | -90.8% |
| Other operating charges | 640/8 | €613 | €628 | +€14 | +2.3% |
| Gross operating margin | 9900 | -€1,350 | -€1,457 | -€107 | -7.9% |
| Operating profit (loss) | 9901 | -€1,963 | -€2,085 | -€122 | -6.2% |
| Financial charges | 65/66B | €153 | €154 | +€1 | +0.3% |
| Recurring financial charges | 65 | €153 | €154 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,117 | -€2,239 | -€122 | -5.8% |
| Profit (loss) for the period | 9904 | -€2,117 | -€2,239 | -€122 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,117 | -€2,239 | -€122 | -5.8% |
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 28 October 2026 via checked.be.