IMDEMCO: 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.
IMDEMCO
Largest movements
- Tangible fixed assets -€77,614
down €77,614 (-15.6%), from €497,235 to €419,622
- Cash +€6,626
up €6,626 (+20.6%), from €32,225 to €38,850
mainly Depreciation (+€83,113) and Deferred charges and accrued income (+€3,768)
- Profit (loss) carried forward -€63,707
down €63,707 (-37.3%), from -€170,619 to -€234,326
- Debts after one year -€14,770
down €14,770 (-2.6%), from €567,125 to €552,354
- Gross operating margin -€31,740
down €31,740 (-47.7%), from €66,598 to €34,857
- Depreciation -€7,382
down €7,382 (-8.2%), from €90,495 to €83,113
- Financial charges -€6,612
down €6,612 (-72.6%), from €9,105 to €2,493
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 | €554,469 | €476,109 | -€78,360 | -14.1% |
| Fixed assets | 21/28 | €497,235 | €419,622 | -€77,614 | -15.6% |
| Tangible fixed assets | 22/27 | €497,235 | €419,622 | -€77,614 | -15.6% |
| Land and buildings | 22 | €372,682 | €334,189 | -€38,493 | -10.3% |
| Plant, machinery and equipment | 23 | €16,806 | €16,148 | -€658 | -3.9% |
| Furniture and vehicles | 24 | €74,796 | €44,942 | -€29,854 | -39.9% |
| Leasing and similar rights | 25 | €32,951 | €24,342 | -€8,609 | -26.1% |
| Current assets | 29/58 | €57,234 | €56,487 | -€747 | -1.3% |
| Amounts receivable within one year | 40/41 | €15,368 | €11,764 | -€3,604 | -23.5% |
| Other amounts receivable | 41 | €15,368 | €11,764 | -€3,604 | -23.5% |
| Cash at bank and in hand | 54/58 | €32,225 | €38,850 | +€6,626 | +20.6% |
| Deferred charges and accrued income | 490/1 | €9,641 | €5,873 | -€3,768 | -39.1% |
| Total equity and liabilities | 10/49 | €554,469 | €476,109 | -€78,360 | -14.1% |
| Equity | 10/15 | -€29,670 | -€93,377 | -€63,707 | -214.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €120,949 | €120,949 | = | 0.0% |
| Distributable reserves | 133 | €120,949 | €120,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,619 | -€234,326 | -€63,707 | -37.3% |
| Amounts payable | 17/49 | €584,139 | €569,486 | -€14,653 | -2.5% |
| Amounts payable after more than one year | 17 | €567,125 | €552,354 | -€14,770 | -2.6% |
| Financial debts | 170/4 | €567,125 | €552,354 | -€14,770 | -2.6% |
| Amounts payable within one year | 42/48 | €17,015 | €16,982 | -€33 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €12,266 | €12,770 | +€504 | +4.1% |
| Trade debts | 44 | €983 | €693 | -€291 | -29.6% |
| Suppliers | 440/4 | €983 | €693 | -€291 | -29.6% |
| Taxes, remuneration and social security | 45 | €1,925 | €809 | -€1,116 | -58.0% |
| Taxes | 450/3 | €1,925 | €809 | -€1,116 | -58.0% |
| Other amounts payable | 47/48 | €1,841 | €2,710 | +€869 | +47.2% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,495 | €83,113 | -€7,382 | -8.2% |
| Other operating charges | 640/8 | €12,717 | €12,777 | +€60 | +0.5% |
| Gross operating margin | 9900 | €66,598 | €34,857 | -€31,740 | -47.7% |
| Operating profit (loss) | 9901 | -€36,614 | -€61,033 | -€24,419 | -66.7% |
| Financial income | 75/76B | €175 | €104 | -€71 | -40.6% |
| Recurring financial income | 75 | €175 | €104 | -€71 | -40.6% |
| Financial charges | 65/66B | €9,105 | €2,493 | -€6,612 | -72.6% |
| Recurring financial charges | 65 | €9,105 | €2,493 | -€6,612 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,545 | -€63,423 | -€17,878 | -39.3% |
| Income taxes | 67/77 | €349 | €284 | -€65 | -18.7% |
| Profit (loss) for the period | 9904 | -€45,894 | -€63,707 | -€17,813 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,894 | -€63,707 | -€17,813 | -38.8% |
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 10 October 2026 via checked.be.