IMDECO: 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.
What changed
IMDECO
NACE 13.200, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.6m-€137,489
Equity
€2.3m
2024 · €2.3m-€5,409
Cash
€11,195
2024 · €10,718+€477
Balance sheet total
€7.6m
2024 · €9.6m-€2.1m
Largest movements
Assets
- Receivables within one year -€2.6m
down €2.6m (-97.5%), from €2.6m to €66,077
of which Trade receivables: -€1.7m
- Tangible fixed assets +€505,488
up €505,488 (+9.2%), from €5.5m to €6.0m
of which Land and buildings: +€1.5m
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-23.7%), from €5.5m to €4.2m
- Short-term financial debts -€500,000
no longer reported in 2025 (was €500,000)
- Trade debts -€297,636
down €297,636 (-96.8%), from €307,335 to €9,699
Income statement
- Financial charges +€143,219
up €143,219 (+11368.3%), from €1,260 to €144,479
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.
Result 2024
€1.6m
Depreciation
-€32,478
Other operating charges
-€19,752
Other operating items
+€51,822
Financial income
-€37,251
Financial charges
-€143,219
Taxes
+€43,389
Result 2025
€1.4m
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.
From operations
+€2.8m
Investment
-€865,335
Financing
-€1.9m
Cash 2024
€10,718
From operations (derived)
+€2.8m
Net result for the year
+€1.4m
Depreciation
+€359,786
Receivables within one year
+€2.6m
Deferred charges and accrued income
-€73
Provisions
-€51,428
Trade debts
-€297,636
Tax, wage and social debts
+€90,969
Other debts
-€1.3m
Accrued charges and deferred income
+€9,556
Investment (derived)
-€865,335
Investment in fixed assets (net)
-€865,335
Financing
-€1.9m
Short-term financial debts
-€500,000
Contributions, distributions and other
-€1.4m
Cash 2025
€11,195
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,613,793 | €7,553,872 | -€2.1m | -21.4% |
| Fixed assets | 21/28 | €6,970,979 | €7,476,527 | +€505,548 | +7.3% |
| Tangible fixed assets | 22/27 | €5,471,039 | €5,976,527 | +€505,488 | +9.2% |
| Land and buildings | 22 | €4,435,626 | €5,920,850 | +€1.5m | +33.5% |
| Plant, machinery and equipment | 23 | - | €55,677 | +€55,677 | |
| Assets under construction and advance payments | 27 | €1,035,412 | - | -€1.0m | |
| Financial fixed assets | 28 | €1,499,940 | €1,500,000 | +€60 | 0.0% |
| Affiliated companies | 280/1 | €1,499,940 | €1,500,000 | +€60 | 0.0% |
| Participating interests | 280 | €1,499,940 | €1,500,000 | +€60 | 0.0% |
| Current assets | 29/58 | €2,642,815 | €77,345 | -€2.6m | -97.1% |
| Amounts receivable within one year | 40/41 | €2,632,097 | €66,077 | -€2.6m | -97.5% |
| Trade receivables | 40 | €1,725,000 | - | -€1.7m | |
| Other amounts receivable | 41 | €907,097 | €66,077 | -€841,020 | -92.7% |
| Cash at bank and in hand | 54/58 | €10,718 | €11,195 | +€477 | +4.5% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €9,613,793 | €7,553,872 | -€2.1m | -21.4% |
| Equity | 10/15 | €2,339,179 | €2,333,770 | -€5,409 | -0.2% |
| Contributions | 10/11 | €2,017,654 | €2,017,654 | = | 0.0% |
| Capital | 10 | €1,399,875 | €1,399,875 | = | 0.0% |
| Issued capital | 100 | €1,399,875 | €1,399,875 | = | 0.0% |
| Outside capital | 11 | €617,779 | €617,779 | = | 0.0% |
| Share premium | 1100/10 | €617,779 | €617,779 | = | 0.0% |
| Reserves | 13 | €321,525 | €316,116 | -€5,409 | -1.7% |
| Non-distributable reserves | 130/1 | €272,189 | €272,189 | = | 0.0% |
| Legal reserve | 130 | €272,085 | €272,085 | = | 0.0% |
| Reserves not available under the articles | 1311 | €104 | €104 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,336 | €43,927 | -€5,409 | -11.0% |
| Provisions and deferred taxes | 16 | €469,093 | €417,665 | -€51,428 | -11.0% |
| Deferred taxes | 168 | €469,093 | €417,665 | -€51,428 | -11.0% |
| Amounts payable | 17/49 | €6,805,521 | €4,802,437 | -€2.0m | -29.4% |
| Amounts payable within one year | 42/48 | €6,805,077 | €4,792,437 | -€2.0m | -29.6% |
| Financial debts | 43 | €500,000 | - | -€500,000 | |
| Credit institutions | 430/8 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €307,335 | €9,699 | -€297,636 | -96.8% |
| Suppliers | 440/4 | €307,335 | €9,699 | -€297,636 | -96.8% |
| Taxes, remuneration and social security | 45 | €483,105 | €574,074 | +€90,969 | +18.8% |
| Taxes | 450/3 | €483,105 | €574,074 | +€90,969 | +18.8% |
| Other amounts payable | 47/48 | €5,514,637 | €4,208,664 | -€1.3m | -23.7% |
| Accrued charges and deferred income | 492/3 | €444 | €10,000 | +€9,556 | +2152.2% |
| Operating income | 70/76A | €3,090,474 | €3,134,720 | +€44,246 | +1.4% |
| Other operating income | 74 | €3,090,474 | €3,134,660 | +€44,186 | +1.4% |
| Non-recurring operating income | 76A | - | €60 | +€60 | |
| Operating charges | 60/66A | €1,015,873 | €1,060,527 | +€44,654 | +4.4% |
| Services and other goods | 61 | €84,596 | €77,021 | -€7,576 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,308 | €359,786 | +€32,478 | +9.9% |
| Other operating charges | 640/8 | €603,968 | €623,720 | +€19,752 | +3.3% |
| Operating profit (loss) | 9901 | €2,074,602 | €2,074,193 | -€409 | 0.0% |
| Financial income | 75/76B | €52,920 | €15,670 | -€37,251 | -70.4% |
| Recurring financial income | 75 | €52,920 | €15,670 | -€37,251 | -70.4% |
| Income from current assets | 751 | €52,920 | €15,670 | -€37,251 | -70.4% |
| Financial charges | 65/66B | €1,260 | €144,479 | +€143,219 | +11368.3% |
| Recurring financial charges | 65 | €1,260 | €144,479 | +€143,219 | +11368.3% |
| Debt charges | 650 | €444 | €143,746 | +€143,302 | +32274.4% |
| Other financial charges | 652/9 | €816 | €733 | -€83 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €2,126,262 | €1,945,384 | -€180,878 | -8.5% |
| Transfer from deferred taxes | 780 | €51,428 | €51,428 | = | 0.0% |
| Income taxes | 67/77 | €612,963 | €569,574 | -€43,389 | -7.1% |
| Taxes | 670/3 | €612,963 | €574,074 | -€38,889 | -6.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,500 | +€4,500 | |
| Profit (loss) for the period | 9904 | €1,564,727 | €1,427,238 | -€137,489 | -8.8% |
| Transfer from tax-exempt reserves | 789 | €5,409 | €5,409 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,570,136 | €1,432,647 | -€137,489 | -8.8% |
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 3 October 2026 via checked.be.