IMCP: 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.
IMCP
Largest movements
- Tangible fixed assets +€376,505
up €376,505 (+162.9%), from €231,125 to €607,631
- Cash +€47,647
up €47,647 (+645.4%), from €7,382 to €55,029
mainly Debts after one year (+€456,189) and Depreciation (+€28,453)
- Debts after one year +€456,189
up €456,189 (+217.6%), from €209,661 to €665,850
of which Financial debts: +€346,189
- Profit (loss) carried forward -€41,234
down €41,234 (-235.0%), from -€17,544 to -€58,778
- Current portion of long-term debt +€6,908
up €6,908 (+87.4%), from €7,902 to €14,811
- Depreciation +€16,181
up €16,181 (+131.9%), from €12,272 to €28,453
- Gross operating margin -€12,986
down €12,986 (-54.0%), from €24,069 to €11,084
- Financial charges +€11,193
up €11,193 (+114.3%), from €9,789 to €20,981
- Other operating charges +€1,400
up €1,400 (+94.4%), from €1,483 to €2,883
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 | €250,157 | €672,455 | +€422,298 | +168.8% |
| Fixed assets | 21/28 | €231,125 | €607,631 | +€376,505 | +162.9% |
| Tangible fixed assets | 22/27 | €231,125 | €607,631 | +€376,505 | +162.9% |
| Land and buildings | 22 | €231,125 | €607,631 | +€376,505 | +162.9% |
| Current assets | 29/58 | €19,032 | €64,824 | +€45,792 | +240.6% |
| Amounts receivable within one year | 40/41 | €8,945 | €5,445 | -€3,500 | -39.1% |
| Trade receivables | 40 | €8,945 | €5,445 | -€3,500 | -39.1% |
| Cash at bank and in hand | 54/58 | €7,382 | €55,029 | +€47,647 | +645.4% |
| Deferred charges and accrued income | 490/1 | €2,705 | €4,350 | +€1,645 | +60.8% |
| Total equity and liabilities | 10/49 | €250,157 | €672,455 | +€422,298 | +168.8% |
| Equity | 10/15 | €1,006 | -€40,228 | -€41,234 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,544 | -€58,778 | -€41,234 | -235.0% |
| Amounts payable | 17/49 | €249,152 | €712,683 | +€463,532 | +186.0% |
| Amounts payable after more than one year | 17 | €209,661 | €665,850 | +€456,189 | +217.6% |
| Financial debts | 170/4 | €209,661 | €555,850 | +€346,189 | +165.1% |
| Other amounts payable | 178/9 | - | €110,000 | +€110,000 | |
| Amounts payable within one year | 42/48 | €38,549 | €46,136 | +€7,587 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €7,902 | €14,811 | +€6,908 | +87.4% |
| Trade debts | 44 | €2,198 | €6,558 | +€4,359 | +198.3% |
| Suppliers | 440/4 | €2,198 | €6,558 | +€4,359 | +198.3% |
| Taxes, remuneration and social security | 45 | €2,688 | €735 | -€1,953 | -72.6% |
| Taxes | 450/3 | €2,688 | €735 | -€1,953 | -72.6% |
| Other amounts payable | 47/48 | €25,760 | €24,032 | -€1,728 | -6.7% |
| Accrued charges and deferred income | 492/3 | €943 | €698 | -€245 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,272 | €28,453 | +€16,181 | +131.9% |
| Other operating charges | 640/8 | €1,483 | €2,883 | +€1,400 | +94.4% |
| Gross operating margin | 9900 | €24,069 | €11,084 | -€12,986 | -54.0% |
| Operating profit (loss) | 9901 | €10,315 | -€20,253 | -€30,567 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,789 | €20,981 | +€11,193 | +114.3% |
| Recurring financial charges | 65 | €9,789 | €20,981 | +€11,193 | +114.3% |
| Profit (loss) for the period before taxes | 9903 | €526 | -€41,234 | -€41,760 | |
| Profit (loss) for the period | 9904 | €526 | -€41,234 | -€41,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €526 | -€41,234 | -€41,760 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.