IMEK: 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
IMEK
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€138,030
2024 · €133,641+€4,388
Equity
€1.2m
2024 · €1.1m+€8,030
Cash
€516,255
2024 · €362,141+€154,115
Balance sheet total
€1.4m
2024 · €1.3m+€133,450
Largest movements
Assets
- Cash +€154,115
up €154,115 (+42.6%), from €362,141 to €516,255
mainly Net result for the year (+€138,030) and Other debts (+€131,143)
- Tangible fixed assets -€31,273
down €31,273 (-3.8%), from €822,335 to €791,062
Equity and liabilities
- Other debts +€131,143
up €131,143 (+154%), from €85,342 to €216,485
Income statement
- Gross operating margin +€4,744
up €4,744 (+2.2%), from €219,858 to €224,602
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
€133,641
Gross operating margin
+€4,744
Other operating charges
-€2,075
Financial income
+€1,151
Financial charges
+€1,541
Taxes
-€973
Result 2025
€138,030
raises the resultlowers the result
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
+€289,656
Investment
€0
Financing
-€135,542
Cash 2024
€362,141
From operations (derived)
+€289,656
Net result for the year
+€138,030
Depreciation
+€31,273
Receivables within one year
-€8,438
Deferred charges and accrued income
-€2,170
Trade debts
+€20
Tax, wage and social debts
+€5,435
Other debts
+€131,143
Accrued charges and deferred income
-€5,636
Financing
-€135,542
Current portion of long-term debt
-€5,542
Contributions, distributions and other
-€130,000
Cash 2025
€516,255
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,270,149 | €1,403,598 | +€133,450 | +10.5% |
| Fixed assets | 21/28 | €822,335 | €791,062 | -€31,273 | -3.8% |
| Tangible fixed assets | 22/27 | €822,335 | €791,062 | -€31,273 | -3.8% |
| Land and buildings | 22 | €822,335 | €791,062 | -€31,273 | -3.8% |
| Current assets | 29/58 | €447,814 | €612,536 | +€164,723 | +36.8% |
| Amounts receivable within one year | 40/41 | €81,574 | €90,011 | +€8,438 | +10.3% |
| Trade receivables | 40 | €8,404 | €8,942 | +€538 | +6.4% |
| Other amounts receivable | 41 | €73,169 | €81,069 | +€7,900 | +10.8% |
| Cash at bank and in hand | 54/58 | €362,141 | €516,255 | +€154,115 | +42.6% |
| Deferred charges and accrued income | 490/1 | €4,099 | €6,270 | +€2,170 | +52.9% |
| Total equity and liabilities | 10/49 | €1,270,149 | €1,403,598 | +€133,450 | +10.5% |
| Equity | 10/15 | €1,147,203 | €1,155,233 | +€8,030 | +0.7% |
| Contributions | 10/11 | €172,000 | €172,000 | = | 0.0% |
| Capital | 10 | €172,000 | €172,000 | = | 0.0% |
| Issued capital | 100 | €172,000 | €172,000 | = | 0.0% |
| Reserves | 13 | €975,203 | €983,233 | +€8,030 | +0.8% |
| Non-distributable reserves | 130/1 | €17,200 | €17,200 | = | 0.0% |
| Legal reserve | 130 | €17,200 | €17,200 | = | 0.0% |
| Distributable reserves | 133 | €958,003 | €966,033 | +€8,030 | +0.8% |
| Amounts payable | 17/49 | €122,945 | €248,365 | +€125,420 | +102% |
| Amounts payable after more than one year | 17 | €16,000 | €16,000 | = | 0.0% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,309 | €232,365 | +€131,056 | +129% |
| Current portion of amounts payable after more than one year | 42 | €5,542 | - | -€5,542 | |
| Trade debts | 44 | - | €20 | +€20 | |
| Suppliers | 440/4 | - | €20 | +€20 | |
| Taxes, remuneration and social security | 45 | €10,425 | €15,860 | +€5,435 | +52.1% |
| Taxes | 450/3 | €10,425 | €15,860 | +€5,435 | +52.1% |
| Other amounts payable | 47/48 | €85,342 | €216,485 | +€131,143 | +154% |
| Accrued charges and deferred income | 492/3 | €5,636 | - | -€5,636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,273 | €31,273 | = | 0.0% |
| Other operating charges | 640/8 | €9,637 | €11,711 | +€2,075 | +21.5% |
| Gross operating margin | 9900 | €219,858 | €224,602 | +€4,744 | +2.2% |
| Operating profit (loss) | 9901 | €178,948 | €181,618 | +€2,670 | +1.5% |
| Financial income | 75/76B | €3,631 | €4,781 | +€1,151 | +31.7% |
| Recurring financial income | 75 | €3,631 | €4,781 | +€1,151 | +31.7% |
| Financial charges | 65/66B | €2,857 | €1,317 | -€1,541 | -53.9% |
| Recurring financial charges | 65 | €2,857 | €1,317 | -€1,541 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €179,721 | €185,082 | +€5,361 | +3.0% |
| Income taxes | 67/77 | €46,080 | €47,052 | +€973 | +2.1% |
| Profit (loss) for the period | 9904 | €133,641 | €138,030 | +€4,388 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €133,641 | €138,030 | +€4,388 | +3.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.