IMENGCO: 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.
IMENGCO
Largest movements
- Cash +€18,986
up €18,986 (+14.5%), from €131,047 to €150,033
mainly Other debts (+€55,959) and Net result for the year (+€41,964)
- Current investments -€5,000
down €5,000 (-5.1%), from €98,136 to €93,136
- Other debts +€55,959
up €55,959 (+222.7%), from €25,124 to €81,084
- Reserves -€33,620
down €33,620 (-23.6%), from €142,620 to €109,000
- Tax, wage and social debts -€3,321
down €3,321 (-30.4%), from €10,923 to €7,602
of which Taxes: -€3,321
- Gross operating margin +€14,192
up €14,192 (+35.8%), from €39,613 to €53,805
- Taxes +€3,690
up €3,690 (+35.6%), from €10,362 to €14,052
- Financial income +€2,184
up €2,184 (+68.4%), from €3,195 to €5,380
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 | €253,843 | €272,544 | +€18,701 | +7.4% |
| Fixed assets | 21/28 | €2,762 | €5,105 | +€2,343 | +84.8% |
| Tangible fixed assets | 22/27 | €2,762 | €5,105 | +€2,343 | +84.8% |
| Furniture and vehicles | 24 | €2,762 | €5,105 | +€2,343 | +84.8% |
| Current assets | 29/58 | €251,081 | €267,439 | +€16,358 | +6.5% |
| Amounts receivable within one year | 40/41 | €21,384 | €23,770 | +€2,386 | +11.2% |
| Trade receivables | 40 | €20,793 | €23,708 | +€2,915 | +14.0% |
| Other amounts receivable | 41 | €591 | €61 | -€529 | -89.6% |
| Current investments | 50/53 | €98,136 | €93,136 | -€5,000 | -5.1% |
| Cash at bank and in hand | 54/58 | €131,047 | €150,033 | +€18,986 | +14.5% |
| Deferred charges and accrued income | 490/1 | €515 | €500 | -€14 | -2.8% |
| Total equity and liabilities | 10/49 | €253,843 | €272,544 | +€18,701 | +7.4% |
| Equity | 10/15 | €217,339 | €183,383 | -€33,956 | -15.6% |
| Contributions | 10/11 | €9,775 | €9,775 | = | 0.0% |
| Reserves | 13 | €142,620 | €109,000 | -€33,620 | -23.6% |
| Distributable reserves | 133 | €142,620 | €109,000 | -€33,620 | -23.6% |
| Profit (loss) carried forward | 14 | €64,944 | €64,608 | -€336 | -0.5% |
| Provisions and deferred taxes | 16 | €327 | €327 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €327 | €327 | = | 0.0% |
| Pensions and similar obligations | 160 | €327 | €327 | = | 0.0% |
| Amounts payable | 17/49 | €36,177 | €88,834 | +€52,657 | +145.6% |
| Amounts payable within one year | 42/48 | €36,177 | €88,834 | +€52,657 | +145.6% |
| Trade debts | 44 | €130 | €148 | +€18 | +14.1% |
| Suppliers | 440/4 | €130 | €148 | +€18 | +14.1% |
| Taxes, remuneration and social security | 45 | €10,923 | €7,602 | -€3,321 | -30.4% |
| Taxes | 450/3 | €10,923 | €7,602 | -€3,321 | -30.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,124 | €81,084 | +€55,959 | +222.7% |
| Non-recurring operating income | 76A | €10,743 | €0 | -€10,743 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €887 | -€223 | -20.1% |
| Other operating charges | 640/8 | €1,012 | €676 | -€336 | -33.2% |
| Gross operating margin | 9900 | €39,613 | €53,805 | +€14,192 | +35.8% |
| Operating profit (loss) | 9901 | €37,491 | €52,242 | +€14,752 | +39.3% |
| Financial income | 75/76B | €3,195 | €5,380 | +€2,184 | +68.4% |
| Recurring financial income | 75 | €3,195 | €5,380 | +€2,184 | +68.4% |
| Financial charges | 65/66B | €1,471 | €1,605 | +€134 | +9.1% |
| Recurring financial charges | 65 | €1,471 | €1,605 | +€134 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €39,215 | €56,017 | +€16,801 | +42.8% |
| Income taxes | 67/77 | €10,362 | €14,052 | +€3,690 | +35.6% |
| Profit (loss) for the period | 9904 | €28,853 | €41,964 | +€13,111 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,853 | €41,964 | +€13,111 | +45.4% |
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 29 September 2026 via checked.be.