imec.xpand II: 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 II
Largest movements
- Financial fixed assets +€33.6m
up €33.6m (+61.8%), from €54.3m to €87.9m
- Receivables within one year +€1.5m
up €1.5m (+125%), from €1.2m to €2.8m
of which Other amounts receivable: +€1.7m
- Contributions +€19.2m
up €19.2m (+32.0%), from €60.0m to €79.2m
- Other debts +€10.8m
new in 2025: €10.8m
- Profit (loss) carried forward +€4.4m
up €4.4m (+64.7%), from -€6.8m to -€2.4m
- Short-term financial debts +€1.5m
up €1.5m (+37.7%), from €4.0m to €5.5m
- Trade debts -€932,137
down €932,137 (-99.4%), from €937,588 to €5,451
- Financial income +€7.3m
up €7.3m (+3,361%), from €218,029 to €7.5m
of which Non-recurring financial income: +€7.5m
- Financial charges +€215,991
up €215,991 (+330%), from €65,523 to €281,514
- Gross operating margin -€77,168
down €77,168 (-2.8%), from -€2.8m to -€2.8m
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 | €58,109,402 | €93,126,822 | +€35.0m | +60.3% |
| Fixed assets | 21/28 | €54,312,818 | €87,886,949 | +€33.6m | +61.8% |
| Financial fixed assets | 28 | €54,312,818 | €87,886,949 | +€33.6m | +61.8% |
| Current assets | 29/58 | €3,796,584 | €5,239,873 | +€1.4m | +38.0% |
| Amounts receivable within one year | 40/41 | €1,225,430 | €2,756,124 | +€1.5m | +125% |
| Trade receivables | 40 | €1,150,000 | €1,000,000 | -€150,000 | -13.0% |
| Other amounts receivable | 41 | €75,430 | €1,756,124 | +€1.7m | +2,228% |
| Cash at bank and in hand | 54/58 | €2,571,154 | €2,483,749 | -€87,405 | -3.4% |
| Total equity and liabilities | 10/49 | €58,109,402 | €93,126,822 | +€35.0m | +60.3% |
| Equity | 10/15 | €53,154,253 | €76,757,382 | +€23.6m | +44.4% |
| Contributions | 10/11 | €60,000,000 | €79,171,398 | +€19.2m | +32.0% |
| Profit (loss) carried forward | 14 | -€6,845,747 | -€2,414,016 | +€4.4m | +64.7% |
| Amounts payable | 17/49 | €4,955,148 | €16,369,440 | +€11.4m | +230% |
| Amounts payable within one year | 42/48 | €4,937,588 | €16,342,952 | +€11.4m | +231% |
| Financial debts | 43 | €4,000,000 | €5,508,899 | +€1.5m | +37.7% |
| Credit institutions | 430/8 | €4,000,000 | €5,508,899 | +€1.5m | +37.7% |
| Trade debts | 44 | €937,588 | €5,451 | -€932,137 | -99.4% |
| Suppliers | 440/4 | €937,588 | €5,451 | -€932,137 | -99.4% |
| Other amounts payable | 47/48 | - | €10,828,602 | +€10.8m | |
| Accrued charges and deferred income | 492/3 | €17,561 | €26,488 | +€8,927 | +50.8% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | -€2,754,794 | -€2,831,962 | -€77,168 | -2.8% |
| Operating profit (loss) | 9901 | -€2,754,794 | -€2,832,960 | -€78,166 | -2.8% |
| Financial income | 75/76B | €218,029 | €7,546,205 | +€7.3m | +3,361% |
| Recurring financial income | 75 | €218,029 | €12,673 | -€205,356 | -94.2% |
| Non-recurring financial income | 76B | - | €7,533,532 | +€7.5m | |
| Financial charges | 65/66B | €65,523 | €281,514 | +€215,991 | +330% |
| Recurring financial charges | 65 | €65,523 | €281,514 | +€215,991 | +330% |
| Profit (loss) for the period before taxes | 9903 | -€2,602,287 | €4,431,731 | +€7.0m | |
| Profit (loss) for the period | 9904 | -€2,602,287 | €4,431,731 | +€7.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,602,287 | €4,431,731 | +€7.0m |
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 23 October 2026 via checked.be.