IMCV SRL: 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.
IMCV SRL
Largest movements
- Tangible fixed assets -€389,897
down €389,897 (-32.5%), from €1.2m to €808,119
of which Plant, machinery and equipment: -€203,177
- Current portion of long-term debt -€294,572
down €294,572 (-46.4%), from €634,400 to €339,828
- Profit (loss) carried forward -€136,523
down €136,523 (-144.4%), from -€94,555 to -€231,078
- Revaluation surpluses -€133,582
down €133,582 (-37.6%), from €354,972 to €221,390
- Reserves +€133,582
new in 2025: €133,582
- Other debts +€44,214
up €44,214 (+14.6%), from €302,741 to €346,955
- Gross operating margin -€19,414
down €19,414 (-45.2%), from €42,942 to €23,528
- Financial charges -€7,470
down €7,470 (-19.1%), from €39,198 to €31,729
- Depreciation +€2,100
up €2,100 (+4.3%), from €48,580 to €50,680
- Financial income -€611
no longer reported in 2025 (was €611)
- Other operating charges -€526
down €526 (-12.6%), from €4,177 to €3,652
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 | €1,217,099 | €831,774 | -€385,325 | -31.7% |
| Formation expenses | 20 | €735 | €453 | -€282 | -38.3% |
| Fixed assets | 21/28 | €1,198,016 | €808,119 | -€389,897 | -32.5% |
| Tangible fixed assets | 22/27 | €1,198,016 | €808,119 | -€389,897 | -32.5% |
| Land and buildings | 22 | €582,969 | €396,249 | -€186,720 | -32.0% |
| Plant, machinery and equipment | 23 | €615,047 | €411,870 | -€203,177 | -33.0% |
| Current assets | 29/58 | €18,348 | €23,202 | +€4,854 | +26.5% |
| Cash at bank and in hand | 54/58 | €18,348 | €23,202 | +€4,854 | +26.5% |
| Total equity and liabilities | 10/49 | €1,217,099 | €831,774 | -€385,325 | -31.7% |
| Equity | 10/15 | €262,416 | €125,894 | -€136,523 | -52.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | €354,972 | €221,390 | -€133,582 | -37.6% |
| Reserves | 13 | - | €133,582 | +€133,582 | |
| Distributable reserves | 133 | - | €133,582 | +€133,582 | |
| Profit (loss) carried forward | 14 | -€94,555 | -€231,078 | -€136,523 | -144.4% |
| Amounts payable | 17/49 | €954,682 | €705,880 | -€248,802 | -26.1% |
| Amounts payable within one year | 42/48 | €954,682 | €705,880 | -€248,802 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €634,400 | €339,828 | -€294,572 | -46.4% |
| Trade debts | 44 | €17,541 | €19,097 | +€1,556 | +8.9% |
| Suppliers | 440/4 | €17,541 | €19,097 | +€1,556 | +8.9% |
| Other amounts payable | 47/48 | €302,741 | €346,955 | +€44,214 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,580 | €50,680 | +€2,100 | +4.3% |
| Other operating charges | 640/8 | €4,177 | €3,652 | -€526 | -12.6% |
| Non-recurring operating charges | 66A | - | €73,990 | +€73,990 | |
| Gross operating margin | 9900 | €42,942 | €23,528 | -€19,414 | -45.2% |
| Operating profit (loss) | 9901 | -€9,815 | -€104,794 | -€94,979 | -967.7% |
| Financial income | 75/76B | €611 | - | -€611 | |
| Recurring financial income | 75 | €611 | - | -€611 | |
| Financial charges | 65/66B | €39,198 | €31,729 | -€7,470 | -19.1% |
| Recurring financial charges | 65 | €39,198 | €31,729 | -€7,470 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,402 | -€136,523 | -€88,120 | -182.1% |
| Profit (loss) for the period | 9904 | -€48,402 | -€136,523 | -€88,120 | -182.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,402 | -€136,523 | -€88,120 | -182.1% |
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 10 October 2026 via checked.be.