IMEAU: 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.
IMEAU
Largest movements
- Tangible fixed assets +€255,613
up €255,613 (+20.3%), from €1.3m to €1.5m
of which Land and buildings: +€218,660
- Cash -€108,632
down €108,632 (-94.2%), from €115,346 to €6,714
mainly Investment in fixed assets (net) (-€289,172) and Net result for the year (-€13,765)
- Receivables within one year -€39,689
down €39,689 (-99.1%), from €40,052 to €363
- Contributions +€115,000
up €115,000 (+7.7%), from €1.5m to €1.6m
- Depreciation -€39,364
down €39,364 (-54.0%), from €72,923 to €33,559
- Gross operating margin +€11,626
up €11,626 (+104.1%), from €11,166 to €22,792
- Other operating charges +€2,461
up €2,461 (+498.0%), from €494 to €2,955
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 | €1,412,180 | €1,521,687 | +€109,507 | +7.8% |
| Fixed assets | 21/28 | €1,256,782 | €1,512,395 | +€255,613 | +20.3% |
| Tangible fixed assets | 22/27 | €1,256,782 | €1,512,395 | +€255,613 | +20.3% |
| Land and buildings | 22 | €1,253,989 | €1,472,649 | +€218,660 | +17.4% |
| Plant, machinery and equipment | 23 | €2,793 | €4,302 | +€1,509 | +54.0% |
| Assets under construction and advance payments | 27 | - | €35,444 | +€35,444 | |
| Current assets | 29/58 | €155,398 | €9,292 | -€146,106 | -94.0% |
| Amounts receivable within one year | 40/41 | €40,052 | €363 | -€39,689 | -99.1% |
| Other amounts receivable | 41 | €40,052 | €363 | -€39,689 | -99.1% |
| Cash at bank and in hand | 54/58 | €115,346 | €6,714 | -€108,632 | -94.2% |
| Deferred charges and accrued income | 490/1 | - | €2,215 | +€2,215 | |
| Total equity and liabilities | 10/49 | €1,412,180 | €1,521,687 | +€109,507 | +7.8% |
| Equity | 10/15 | €1,409,106 | €1,510,341 | +€101,235 | +7.2% |
| Contributions | 10/11 | €1,500,000 | €1,615,000 | +€115,000 | +7.7% |
| Profit (loss) carried forward | 14 | -€90,894 | -€104,659 | -€13,765 | -15.1% |
| Amounts payable | 17/49 | €3,074 | €11,346 | +€8,273 | +269.1% |
| Amounts payable within one year | 42/48 | €3,074 | €10,421 | +€7,348 | +239.1% |
| Trade debts | 44 | €3,074 | €8,337 | +€5,263 | +171.2% |
| Suppliers | 440/4 | €3,074 | €8,337 | +€5,263 | +171.2% |
| Taxes, remuneration and social security | 45 | - | €2,085 | +€2,085 | |
| Taxes | 450/3 | - | €2,085 | +€2,085 | |
| Accrued charges and deferred income | 492/3 | - | €925 | +€925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,923 | €33,559 | -€39,364 | -54.0% |
| Other operating charges | 640/8 | €494 | €2,955 | +€2,461 | +498.0% |
| Gross operating margin | 9900 | €11,166 | €22,792 | +€11,626 | +104.1% |
| Operating profit (loss) | 9901 | -€62,252 | -€13,722 | +€48,530 | +78.0% |
| Financial charges | 65/66B | €44 | €43 | -€0 | -0.3% |
| Recurring financial charges | 65 | €44 | €43 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€62,295 | -€13,765 | +€48,530 | +77.9% |
| Profit (loss) for the period | 9904 | -€62,295 | -€13,765 | +€48,530 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,295 | -€13,765 | +€48,530 | +77.9% |
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.