IMECOLLE: 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.
IMECOLLE
Largest movements
- Tangible fixed assets -€27,359
down €27,359 (-2.5%), from €1.1m to €1.1m
of which Land and buildings: -€23,218
- Cash -€14,056
down €14,056 (-44.7%), from €31,452 to €17,395
mainly Debts after one year (-€93,374) and Current portion of long-term debt (-€44,227)
- Receivables within one year -€12,282
down €12,282 (-48.1%), from €25,529 to €13,247
of which Other amounts receivable: -€17,142
- Profit (loss) carried forward +€101,719
up €101,719 (+20.8%), from €488,594 to €590,313
- Debts after one year -€93,374
down €93,374 (-33.1%), from €281,702 to €188,328
- Current portion of long-term debt -€44,227
down €44,227 (-32.1%), from €137,607 to €93,380
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Other operating charges -€36,605
down €36,605 (-72.0%), from €50,871 to €14,265
- Taxes +€16,626
up €16,626 (+86.7%), from €19,166 to €35,792
- Write-downs -€9,260
no longer reported in 2025 (was €9,260)
- Gross operating margin +€8,049
up €8,049 (+3.7%), from €219,235 to €227,284
- Depreciation -€7,133
down €7,133 (-10.1%), from €70,950 to €63,817
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 | €1,164,943 | €1,113,499 | -€51,444 | -4.4% |
| Fixed assets | 21/28 | €1,087,594 | €1,060,235 | -€27,359 | -2.5% |
| Tangible fixed assets | 22/27 | €1,087,594 | €1,060,235 | -€27,359 | -2.5% |
| Land and buildings | 22 | €797,680 | €774,462 | -€23,218 | -2.9% |
| Plant, machinery and equipment | 23 | €289,914 | €283,384 | -€6,531 | -2.3% |
| Assets under construction and advance payments | 27 | - | €2,390 | +€2,390 | |
| Current assets | 29/58 | €77,349 | €53,264 | -€24,085 | -31.1% |
| Amounts receivable within one year | 40/41 | €25,529 | €13,247 | -€12,282 | -48.1% |
| Trade receivables | 40 | - | €4,860 | +€4,860 | |
| Other amounts receivable | 41 | €25,529 | €8,387 | -€17,142 | -67.1% |
| Cash at bank and in hand | 54/58 | €31,452 | €17,395 | -€14,056 | -44.7% |
| Deferred charges and accrued income | 490/1 | €20,369 | €22,622 | +€2,253 | +11.1% |
| Total equity and liabilities | 10/49 | €1,164,943 | €1,113,499 | -€51,444 | -4.4% |
| Equity | 10/15 | €679,472 | €781,192 | +€101,719 | +15.0% |
| Contributions | 10/11 | €173,526 | €173,526 | = | 0.0% |
| Capital | 10 | €173,526 | €173,526 | = | 0.0% |
| Issued capital | 100 | €173,526 | €173,526 | = | 0.0% |
| Reserves | 13 | €17,353 | €17,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €488,594 | €590,313 | +€101,719 | +20.8% |
| Amounts payable | 17/49 | €485,471 | €332,307 | -€153,164 | -31.5% |
| Amounts payable after more than one year | 17 | €281,702 | €188,328 | -€93,374 | -33.1% |
| Financial debts | 170/4 | €281,702 | €188,328 | -€93,374 | -33.1% |
| Amounts payable within one year | 42/48 | €191,267 | €123,583 | -€67,683 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €137,607 | €93,380 | -€44,227 | -32.1% |
| Trade debts | 44 | €6,883 | €5,245 | -€1,637 | -23.8% |
| Suppliers | 440/4 | €6,883 | €5,245 | -€1,637 | -23.8% |
| Taxes, remuneration and social security | 45 | €26,778 | €24,958 | -€1,820 | -6.8% |
| Taxes | 450/3 | €26,778 | €24,958 | -€1,820 | -6.8% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €12,502 | €20,396 | +€7,894 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,950 | €63,817 | -€7,133 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,260 | - | -€9,260 | |
| Other operating charges | 640/8 | €50,871 | €14,265 | -€36,605 | -72.0% |
| Gross operating margin | 9900 | €219,235 | €227,284 | +€8,049 | +3.7% |
| Operating profit (loss) | 9901 | €88,155 | €149,202 | +€61,047 | +69.3% |
| Financial charges | 65/66B | €15,618 | €11,691 | -€3,927 | -25.1% |
| Recurring financial charges | 65 | €15,618 | €11,691 | -€3,927 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €72,537 | €137,511 | +€64,974 | +89.6% |
| Income taxes | 67/77 | €19,166 | €35,792 | +€16,626 | +86.7% |
| Profit (loss) for the period | 9904 | €53,370 | €101,719 | +€48,349 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,370 | €101,719 | +€48,349 | +90.6% |
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 3 October 2026 via checked.be.