IMCON: 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.
IMCON
Largest movements
- Current investments +€24,000
up €24,000 (+68.7%), from €34,928 to €58,927
- Cash -€23,200
down €23,200 (-24.7%), from €93,832 to €70,632
mainly Contributions, distributions and other (-€61,528) and Debts after one year (-€35,619)
- Tangible fixed assets -€20,710
down €20,710 (-3.9%), from €529,963 to €509,253
of which Land and buildings: -€13,775
- Receivables within one year -€13,286
down €13,286 (-30.3%), from €43,908 to €30,622
of which Trade receivables: -€20,722
- Debts after one year -€35,619
down €35,619 (-23.1%), from €154,217 to €118,598
- Reserves -€7,066
down €7,066 (-1.5%), from €476,860 to €469,794
of which Distributable reserves: -€7,066
- Gross operating margin -€23,881
down €23,881 (-18.2%), from €131,513 to €107,631
- Taxes -€4,832
down €4,832 (-17.7%), from €27,278 to €22,446
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,155 | €671,705 | -€33,450 | -4.7% |
| Fixed assets | 21/28 | €529,963 | €509,253 | -€20,710 | -3.9% |
| Tangible fixed assets | 22/27 | €529,963 | €509,253 | -€20,710 | -3.9% |
| Land and buildings | 22 | €489,302 | €475,527 | -€13,775 | -2.8% |
| Plant, machinery and equipment | 23 | €2,691 | €2,015 | -€676 | -25.1% |
| Furniture and vehicles | 24 | €9,442 | €8,918 | -€524 | -5.5% |
| Other tangible fixed assets | 26 | €28,529 | €22,793 | -€5,736 | -20.1% |
| Current assets | 29/58 | €175,192 | €162,452 | -€12,740 | -7.3% |
| Amounts receivable within one year | 40/41 | €43,908 | €30,622 | -€13,286 | -30.3% |
| Trade receivables | 40 | €41,443 | €20,721 | -€20,722 | -50.0% |
| Other amounts receivable | 41 | €2,465 | €9,901 | +€7,436 | +301.7% |
| Current investments | 50/53 | €34,928 | €58,927 | +€24,000 | +68.7% |
| Cash at bank and in hand | 54/58 | €93,832 | €70,632 | -€23,200 | -24.7% |
| Deferred charges and accrued income | 490/1 | €2,524 | €2,270 | -€254 | -10.1% |
| Total equity and liabilities | 10/49 | €705,155 | €671,705 | -€33,450 | -4.7% |
| Equity | 10/15 | €495,460 | €488,394 | -€7,066 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,860 | €469,794 | -€7,066 | -1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €475,000 | €467,934 | -€7,066 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €209,695 | €183,311 | -€26,384 | -12.6% |
| Amounts payable after more than one year | 17 | €154,217 | €118,598 | -€35,619 | -23.1% |
| Financial debts | 170/4 | €154,217 | €118,598 | -€35,619 | -23.1% |
| Amounts payable within one year | 42/48 | €55,479 | €64,713 | +€9,235 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €35,070 | €35,619 | +€549 | +1.6% |
| Financial debts | 43 | €10,139 | €10,086 | -€53 | -0.5% |
| Other loans | 439 | €10,139 | €10,086 | -€53 | -0.5% |
| Trade debts | 44 | €1,497 | €4,288 | +€2,791 | +186.4% |
| Suppliers | 440/4 | €1,497 | €4,288 | +€2,791 | +186.4% |
| Taxes, remuneration and social security | 45 | €5,148 | €9,830 | +€4,682 | +91.0% |
| Taxes | 450/3 | €5,148 | €9,830 | +€4,682 | +91.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,624 | €4,890 | +€1,265 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,424 | €20,710 | +€286 | +1.4% |
| Other operating charges | 640/8 | €6,070 | €5,703 | -€368 | -6.1% |
| Gross operating margin | 9900 | €131,513 | €107,631 | -€23,881 | -18.2% |
| Operating profit (loss) | 9901 | €105,018 | €81,219 | -€23,799 | -22.7% |
| Financial income | 75/76B | €675 | €0 | -€675 | -100.0% |
| Recurring financial income | 75 | €675 | €0 | -€675 | -100.0% |
| Financial charges | 65/66B | €4,413 | €4,310 | -€103 | -2.3% |
| Recurring financial charges | 65 | €4,413 | €4,310 | -€103 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €101,280 | €76,908 | -€24,372 | -24.1% |
| Income taxes | 67/77 | €27,278 | €22,446 | -€4,832 | -17.7% |
| Profit (loss) for the period | 9904 | €74,002 | €54,462 | -€19,539 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,002 | €54,462 | -€19,539 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.