Imeco: 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.
Imeco
Largest movements
- Receivables within one year -€88,800
down €88,800 (-86.5%), from €102,600 to €13,800
- Tangible fixed assets -€20,751
down €20,751 (-4.3%), from €481,688 to €460,937
- Profit (loss) carried forward -€96,884
down €96,884 (-99.5%), from €97,388 to €505
- Reserves -€49,172
down €49,172 (-21.9%), from €224,974 to €175,802
of which Non-distributable reserves: -€39,671
- Trade debts +€39,759
up €39,759 (+16468.6%), from €241 to €40,000
- Other debts +€6,400
up €6,400 (+10.9%), from €58,816 to €65,216
- Other operating charges +€40,284
up €40,284 (+489.9%), from €8,223 to €48,507
- Gross operating margin +€33,852
up €33,852 (+61.8%), from €54,777 to €88,630
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 | €606,321 | €501,542 | -€104,778 | -17.3% |
| Fixed assets | 21/28 | €481,688 | €460,937 | -€20,751 | -4.3% |
| Tangible fixed assets | 22/27 | €481,688 | €460,937 | -€20,751 | -4.3% |
| Land and buildings | 22 | €481,688 | €460,937 | -€20,751 | -4.3% |
| Current assets | 29/58 | €124,632 | €40,606 | -€84,027 | -67.4% |
| Amounts receivable within one year | 40/41 | €102,600 | €13,800 | -€88,800 | -86.5% |
| Other amounts receivable | 41 | €102,600 | €13,800 | -€88,800 | -86.5% |
| Cash at bank and in hand | 54/58 | €22,032 | €26,806 | +€4,773 | +21.7% |
| Total equity and liabilities | 10/49 | €606,321 | €501,542 | -€104,778 | -17.3% |
| Equity | 10/15 | €446,309 | €300,254 | -€146,055 | -32.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €224,974 | €175,802 | -€49,172 | -21.9% |
| Non-distributable reserves | 130/1 | €52,066 | €12,395 | -€39,671 | -76.2% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Other | 1319 | €39,671 | €0 | -€39,671 | -100.0% |
| Tax-exempt reserves | 132 | €172,908 | €163,408 | -€9,500 | -5.5% |
| Profit (loss) carried forward | 14 | €97,388 | €505 | -€96,884 | -99.5% |
| Provisions and deferred taxes | 16 | €100,954 | €96,062 | -€4,892 | -4.8% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Deferred taxes | 168 | €90,954 | €86,062 | -€4,892 | -5.4% |
| Amounts payable | 17/49 | €59,058 | €105,227 | +€46,169 | +78.2% |
| Amounts payable within one year | 42/48 | €59,058 | €105,227 | +€46,169 | +78.2% |
| Trade debts | 44 | €241 | €40,000 | +€39,759 | +16468.6% |
| Suppliers | 440/4 | €241 | €40,000 | +€39,759 | +16468.6% |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Other amounts payable | 47/48 | €58,816 | €65,216 | +€6,400 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,751 | €20,751 | = | 0.0% |
| Other operating charges | 640/8 | €8,223 | €48,507 | +€40,284 | +489.9% |
| Gross operating margin | 9900 | €54,777 | €88,630 | +€33,852 | +61.8% |
| Operating profit (loss) | 9901 | €25,803 | €19,372 | -€6,431 | -24.9% |
| Financial income | 75/76B | €7 | €5 | -€2 | -28.7% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -28.7% |
| Financial charges | 65/66B | €161 | €314 | +€153 | +95.3% |
| Recurring financial charges | 65 | €161 | €314 | +€153 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €25,650 | €19,063 | -€6,587 | -25.7% |
| Transfer from deferred taxes | 780 | €4,892 | €4,892 | = | 0.0% |
| Income taxes | 67/77 | €10,000 | €10,011 | +€11 | +0.1% |
| Profit (loss) for the period | 9904 | €20,542 | €13,945 | -€6,597 | -32.1% |
| Transfer from tax-exempt reserves | 789 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,042 | €23,445 | -€6,597 | -22.0% |
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.