IMELIA: 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.
IMELIA
Largest movements
- Stocks and contracts +€592,604
new in 2025: €592,604
- Current investments -€110,000
down €110,000 (-100.0%), from €110,000 to €0
- Cash +€25,084
up €25,084 (+334.7%), from €7,494 to €32,578
mainly Debts after one year (+€486,974) and Current investments (+€110,000)
- Tangible fixed assets -€17,820
down €17,820 (-9.0%), from €198,639 to €180,819
of which Furniture and vehicles: -€11,826
- Debts after one year +€486,974
up €486,974 (+372.4%), from €130,754 to €617,728
- Profit (loss) carried forward -€53,303
down €53,303 (-34.0%), from €156,865 to €103,562
- Other debts +€50,017
up €50,017, from €0 to €50,017
- Gross operating margin -€127,140
down €127,140, from €102,493 to -€24,647
- Taxes -€16,674
down €16,674 (-98.9%), from €16,863 to €189
- Financial income -€5,254
down €5,254 (-87.9%), from €5,980 to €726
- Financial charges +€3,106
up €3,106 (+98.8%), from €3,143 to €6,249
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 | €323,120 | €810,005 | +€486,886 | +150.7% |
| Fixed assets | 21/28 | €198,639 | €180,819 | -€17,820 | -9.0% |
| Tangible fixed assets | 22/27 | €198,639 | €180,819 | -€17,820 | -9.0% |
| Land and buildings | 22 | €175,052 | €169,058 | -€5,994 | -3.4% |
| Furniture and vehicles | 24 | €23,587 | €11,761 | -€11,826 | -50.1% |
| Current assets | 29/58 | €124,480 | €629,186 | +€504,706 | +405.5% |
| Stocks and contracts in progress | 3 | - | €592,604 | +€592,604 | |
| Stocks | 30/36 | - | €592,604 | +€592,604 | |
| Amounts receivable within one year | 40/41 | €5,383 | €165 | -€5,218 | -96.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,383 | €165 | -€5,218 | -96.9% |
| Current investments | 50/53 | €110,000 | €0 | -€110,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,494 | €32,578 | +€25,084 | +334.7% |
| Deferred charges and accrued income | 490/1 | €1,604 | €3,840 | +€2,236 | +139.4% |
| Total equity and liabilities | 10/49 | €323,120 | €810,005 | +€486,886 | +150.7% |
| Equity | 10/15 | €176,865 | €123,562 | -€53,303 | -30.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,865 | €103,562 | -€53,303 | -34.0% |
| Amounts payable | 17/49 | €146,255 | €686,444 | +€540,189 | +369.3% |
| Amounts payable after more than one year | 17 | €130,754 | €617,728 | +€486,974 | +372.4% |
| Financial debts | 170/4 | €130,754 | €617,728 | +€486,974 | +372.4% |
| Amounts payable within one year | 42/48 | €14,253 | €64,892 | +€50,639 | +355.3% |
| Current portion of amounts payable after more than one year | 42 | €12,832 | €13,026 | +€194 | +1.5% |
| Trade debts | 44 | €80 | €753 | +€673 | +840.7% |
| Suppliers | 440/4 | €80 | €753 | +€673 | +840.7% |
| Taxes, remuneration and social security | 45 | €1,341 | €1,096 | -€245 | -18.3% |
| Taxes | 450/3 | €1,341 | €1,096 | -€245 | -18.3% |
| Other amounts payable | 47/48 | €0 | €50,017 | +€50,017 | |
| Accrued charges and deferred income | 492/3 | €1,248 | €3,823 | +€2,576 | +206.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,887 | €17,820 | -€67 | -0.4% |
| Other operating charges | 640/8 | €4,548 | €5,124 | +€576 | +12.7% |
| Gross operating margin | 9900 | €102,493 | -€24,647 | -€127,140 | |
| Operating profit (loss) | 9901 | €80,058 | -€47,591 | -€127,649 | |
| Financial income | 75/76B | €5,980 | €726 | -€5,254 | -87.9% |
| Recurring financial income | 75 | €5,980 | €726 | -€5,254 | -87.9% |
| Financial charges | 65/66B | €3,143 | €6,249 | +€3,106 | +98.8% |
| Recurring financial charges | 65 | €3,143 | €6,249 | +€3,106 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €82,895 | -€53,114 | -€136,009 | |
| Income taxes | 67/77 | €16,863 | €189 | -€16,674 | -98.9% |
| Profit (loss) for the period | 9904 | €66,032 | -€53,303 | -€119,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,032 | -€53,303 | -€119,335 |
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 9 October 2026 via checked.be.