imec.xpand: 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.
imec.xpand
Largest movements
- Financial fixed assets -€829,354
down €829,354 (-1.2%), from €66.7m to €65.9m
- Profit (loss) carried forward -€6.5m
down €6.5m (-17.4%), from -€37.6m to -€44.1m
- Contributions +€5.8m
up €5.8m (+5.6%), from €105.1m to €111.0m
- Financial charges -€10.6m
down €10.6m (-59.8%), from €17.8m to €7.2m
of which Non-recurring financial charges: -€10.6m
- Financial income +€1.3m
up €1.3m (+402%), from €318,633 to €1.6m
of which Non-recurring financial income: +€1.3m
- Gross operating margin +€26,936
up €26,936 (+2.6%), from -€1.0m to -€990,938
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,826,312 | €66,873,423 | -€952,890 | -1.4% |
| Fixed assets | 21/28 | €66,725,160 | €65,895,806 | -€829,354 | -1.2% |
| Financial fixed assets | 28 | €66,725,160 | €65,895,806 | -€829,354 | -1.2% |
| Current assets | 29/58 | €1,101,152 | €977,617 | -€123,536 | -11.2% |
| Amounts receivable within one year | 40/41 | €2,127 | €2,127 | = | 0.0% |
| Other amounts receivable | 41 | €2,127 | €2,127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €790,807 | €698,449 | -€92,358 | -11.7% |
| Deferred charges and accrued income | 490/1 | €308,219 | €277,041 | -€31,178 | -10.1% |
| Total equity and liabilities | 10/49 | €67,826,312 | €66,873,423 | -€952,890 | -1.4% |
| Equity | 10/15 | €67,565,083 | €66,863,005 | -€702,077 | -1.0% |
| Contributions | 10/11 | €105,126,930 | €110,967,315 | +€5.8m | +5.6% |
| Profit (loss) carried forward | 14 | -€37,561,847 | -€44,104,310 | -€6.5m | -17.4% |
| Amounts payable | 17/49 | €261,230 | €10,417 | -€250,812 | -96.0% |
| Amounts payable within one year | 42/48 | €250,006 | - | -€250,006 | |
| Trade debts | 44 | €250,006 | - | -€250,006 | |
| Suppliers | 440/4 | €250,006 | - | -€250,006 | |
| Accrued charges and deferred income | 492/3 | €11,224 | €10,417 | -€806 | -7.2% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,017,874 | -€990,938 | +€26,936 | +2.6% |
| Operating profit (loss) | 9901 | -€1,018,842 | -€991,937 | +€26,905 | +2.6% |
| Financial income | 75/76B | €318,633 | €1,600,106 | +€1.3m | +402% |
| Recurring financial income | 75 | €318,633 | €348,507 | +€29,874 | +9.4% |
| Non-recurring financial income | 76B | - | €1,251,599 | +€1.3m | |
| Financial charges | 65/66B | €17,776,624 | €7,150,631 | -€10.6m | -59.8% |
| Recurring financial charges | 65 | €716 | €631 | -€85 | -11.8% |
| Non-recurring financial charges | 66B | €17,775,908 | €7,150,000 | -€10.6m | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,476,832 | -€6,542,462 | +€11.9m | +64.6% |
| Profit (loss) for the period | 9904 | -€18,476,832 | -€6,542,462 | +€11.9m | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,476,832 | -€6,542,462 | +€11.9m | +64.6% |
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 15 October 2026 via checked.be.