imec EU pilot line: 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.
What changed
imec EU pilot line
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.8m
2024 · -€19,867+€3.8m
Equity
€191.6m
2024 · €187.8m+€3.8m
Cash
-
2024 · €187.8m-€187.8m
Balance sheet total
€269.6m
2024 · €187.8m+€81.8m
Largest movements
Assets
- Cash -€187.8m
no longer reported in 2025 (was €187.8m)
mainly Current investments (-€130.0m) and Investment in fixed assets (net) (-€129.6m)
- Current investments +€130.0m
new in 2025: €130.0m
- Tangible fixed assets +€129.6m
new in 2025: €129.6m
- Stocks and contracts +€4.0m
new in 2025: €4.0m
- Receivables within one year +€3.6m
up €3.6m (+106,716%), from €3,327 to €3.6m
Equity and liabilities
- Short-term financial debts +€58.0m
new in 2025: €58.0m
- Trade debts +€19.6m
up €19.6m (+95,733%), from €20,456 to €19.6m
Income statement
- Financial income +€4.3m
new in 2025: €4.3m
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
-€19,867
Other operating charges
-€5
Other operating items
-€345,805
Financial income
+€4.3m
Financial charges
-€166,305
Taxes
+€1,158
Result 2025
€3.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€13.8m
Investment
-€259.6m
Financing
+€58.0m
Cash 2024
€187.8m
From operations (derived)
+€13.8m
Net result for the year
+€3.8m
Stocks and contracts
-€4.0m
Receivables within one year
-€3.6m
Deferred charges and accrued income
-€2.4m
Trade debts
+€19.6m
Smaller working-capital items
+€402,829
Investment (derived)
-€259.6m
Investment in fixed assets (net)
-€129.6m
Current investments
-€130.0m
Financing
+€58.0m
Short-term financial debts
+€58.0m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,812,089 | €269,590,347 | +€81.8m | +43.5% |
| Fixed assets | 21/28 | - | €129,605,397 | +€129.6m | |
| Tangible fixed assets | 22/27 | - | €129,605,397 | +€129.6m | |
| Assets under construction and advance payments | 27 | - | €129,605,397 | +€129.6m | |
| Current assets | 29/58 | €187,812,089 | €139,984,950 | -€47.8m | -25.5% |
| Stocks and contracts in progress | 3 | - | €4,008,413 | +€4.0m | |
| Contracts in progress | 37 | - | €4,008,413 | +€4.0m | |
| Amounts receivable within one year | 40/41 | €3,327 | €3,553,764 | +€3.6m | +106,716% |
| Other amounts receivable | 41 | €3,327 | €3,553,764 | +€3.6m | +106,716% |
| Current investments | 50/53 | - | €130,000,000 | +€130.0m | |
| Other investments | 51/53 | - | €130,000,000 | +€130.0m | |
| Cash at bank and in hand | 54/58 | €187,808,762 | - | -€187.8m | |
| Deferred charges and accrued income | 490/1 | - | €2,422,773 | +€2.4m | |
| Total equity and liabilities | 10/49 | €187,812,089 | €269,590,347 | +€81.8m | +43.5% |
| Equity | 10/15 | €187,791,633 | €191,584,016 | +€3.8m | +2.0% |
| Contributions | 10/11 | €187,811,500 | €187,811,500 | = | 0.0% |
| Capital | 10 | €187,811,500 | €187,811,500 | = | 0.0% |
| Issued capital | 100 | €751,061,500 | €751,061,500 | = | 0.0% |
| Uncalled capital | 101 | €563,250,000 | €563,250,000 | = | 0.0% |
| Reserves | 13 | - | €1,189,997 | +€1.2m | |
| Non-distributable reserves | 130/1 | - | €190,000 | +€190,000 | |
| Legal reserve | 130 | - | €190,000 | +€190,000 | |
| Tax-exempt reserves | 132 | - | €999,997 | +€999,997 | |
| Profit (loss) carried forward | 14 | -€19,867 | €2,582,519 | +€2.6m | |
| Amounts payable | 17/49 | €20,456 | €78,006,331 | +€78.0m | +381,237% |
| Amounts payable within one year | 42/48 | €20,456 | €77,841,031 | +€77.8m | +380,429% |
| Financial debts | 43 | - | €58,000,000 | +€58.0m | |
| Credit institutions | 430/8 | - | €58,000,000 | +€58.0m | |
| Trade debts | 44 | €20,456 | €19,603,502 | +€19.6m | +95,733% |
| Suppliers | 440/4 | €20,456 | €19,603,502 | +€19.6m | +95,733% |
| Other amounts payable | 47/48 | - | €237,529 | +€237,529 | |
| Accrued charges and deferred income | 492/3 | - | €165,300 | +€165,300 | |
| Operating charges | 60/66A | €19,632 | €365,442 | +€345,810 | +1,761% |
| Services and other goods | 61 | €19,237 | €365,042 | +€345,805 | +1,798% |
| Other operating charges | 640/8 | €395 | €400 | +€5 | +1.3% |
| Operating profit (loss) | 9901 | -€19,632 | -€365,442 | -€345,810 | -1,761% |
| Financial income | 75/76B | - | €4,323,207 | +€4.3m | |
| Recurring financial income | 75 | - | €4,323,207 | +€4.3m | |
| Income from current assets | 751 | - | €4,323,207 | +€4.3m | |
| Financial charges | 65/66B | €235 | €166,540 | +€166,305 | +70,768% |
| Recurring financial charges | 65 | €235 | €166,540 | +€166,305 | +70,768% |
| Debt charges | 650 | €235 | €166,540 | +€166,305 | +70,768% |
| Profit (loss) for the period before taxes | 9903 | -€19,867 | €3,791,225 | +€3.8m | |
| Income taxes | 67/77 | - | -€1,158 | -€1,158 | |
| Taxes | 670/3 | - | €930,369 | +€930,369 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €931,527 | +€931,527 | |
| Profit (loss) for the period | 9904 | -€19,867 | €3,792,383 | +€3.8m | |
| Transfer to tax-exempt reserves | 689 | - | €999,997 | +€999,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,867 | €2,792,386 | +€2.8m |
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 1 November 2026 via checked.be.