IMEUTEX: 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.
What changed
IMEUTEX
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€87,399
2024 · -€102,679+€190,078
Equity
€1.5m
2024 · €1.3m+€219,399
Cash
€6,542
2024 · €5,074+€1,468
Balance sheet total
€2.2m
2024 · €2.4m-€242,274
Largest movements
Assets
- Tangible fixed assets -€245,580
down €245,580 (-10.3%), from €2.4m to €2.1m
of which Land and buildings: -€258,274
Equity and liabilities
- Debts after one year -€440,948
down €440,948 (-49.8%), from €885,206 to €444,259
of which Other amounts payable: -€325,000
- Contributions +€132,000
up €132,000 (+8.2%), from €1.6m to €1.7m
- Profit (loss) carried forward +€104,380
up €104,380 (+19.6%), from -€532,524 to -€428,144
Income statement
- Gross operating margin +€183,599
up €183,599 (+908.5%), from €20,208 to €203,808
- Financial charges -€7,929
down €7,929 (-19.7%), from €40,196 to €32,268
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
-€102,679
Gross operating margin
+€183,599
Depreciation
-€19
Other operating charges
-€580
Financial income
+€46
Financial charges
+€7,929
Taxes
-€896
Result 2025
€87,399
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.
From operations
+€153,456
Investment
+€159,661
Financing
-€311,649
Cash 2024
€5,074
From operations (derived)
+€153,456
Net result for the year
+€87,399
Depreciation
+€85,918
Receivables within one year
-€1,773
Smaller working-capital items
+€1,132
Provisions
-€7,982
Other debts
-€11,239
Investment (derived)
+€159,661
Investment in fixed assets (net)
+€159,661
Financing
-€311,649
Debts after one year
-€440,948
Current portion of long-term debt
-€2,702
Contributions, distributions and other
+€132,000
Cash 2025
€6,542
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,402,075 | €2,159,800 | -€242,274 | -10.1% |
| Fixed assets | 21/28 | €2,387,271 | €2,141,691 | -€245,580 | -10.3% |
| Tangible fixed assets | 22/27 | €2,387,271 | €2,141,691 | -€245,580 | -10.3% |
| Land and buildings | 22 | €2,374,959 | €2,116,685 | -€258,274 | -10.9% |
| Furniture and vehicles | 24 | €12,311 | €25,006 | +€12,694 | +103.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €14,804 | €18,110 | +€3,306 | +22.3% |
| Amounts receivable within one year | 40/41 | - | €1,773 | +€1,773 | |
| Trade receivables | 40 | - | €1,773 | +€1,773 | |
| Cash at bank and in hand | 54/58 | €5,074 | €6,542 | +€1,468 | +28.9% |
| Deferred charges and accrued income | 490/1 | €9,730 | €9,795 | +€65 | +0.7% |
| Total equity and liabilities | 10/49 | €2,402,075 | €2,159,800 | -€242,274 | -10.1% |
| Equity | 10/15 | €1,296,006 | €1,515,406 | +€219,399 | +16.9% |
| Contributions | 10/11 | €1,617,766 | €1,749,766 | +€132,000 | +8.2% |
| Capital | 10 | €1,617,766 | €1,749,766 | +€132,000 | +8.2% |
| Issued capital | 100 | €1,750,000 | €1,750,000 | = | 0.0% |
| Uncalled capital | 101 | €132,234 | €234 | -€132,000 | -99.8% |
| Reserves | 13 | €210,765 | €193,784 | -€16,981 | -8.1% |
| Non-distributable reserves | 130/1 | €51 | €51 | = | 0.0% |
| Legal reserve | 130 | €51 | €51 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,714 | €193,733 | -€16,981 | -8.1% |
| Profit (loss) carried forward | 14 | -€532,524 | -€428,144 | +€104,380 | +19.6% |
| Provisions and deferred taxes | 16 | €92,586 | €84,603 | -€7,982 | -8.6% |
| Deferred taxes | 168 | €92,586 | €84,603 | -€7,982 | -8.6% |
| Amounts payable | 17/49 | €1,013,482 | €559,791 | -€453,691 | -44.8% |
| Amounts payable after more than one year | 17 | €885,206 | €444,259 | -€440,948 | -49.8% |
| Financial debts | 170/4 | €560,206 | €444,259 | -€115,948 | -20.7% |
| Other amounts payable | 178/9 | €325,000 | €0 | -€325,000 | -100.0% |
| Amounts payable within one year | 42/48 | €128,276 | €114,585 | -€13,691 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €86,162 | €83,461 | -€2,702 | -3.1% |
| Trade debts | 44 | €8 | €257 | +€249 | +3118.0% |
| Suppliers | 440/4 | €8 | €257 | +€249 | +3118.0% |
| Other amounts payable | 47/48 | €42,106 | €30,867 | -€11,239 | -26.7% |
| Accrued charges and deferred income | 492/3 | €0 | €948 | +€948 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,899 | €85,918 | +€19 | 0.0% |
| Other operating charges | 640/8 | €4,775 | €5,355 | +€580 | +12.2% |
| Gross operating margin | 9900 | €20,208 | €203,808 | +€183,599 | +908.5% |
| Operating profit (loss) | 9901 | -€70,465 | €112,534 | +€182,999 | |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €40,196 | €32,268 | -€7,929 | -19.7% |
| Recurring financial charges | 65 | €40,196 | €32,268 | -€7,929 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€110,661 | €80,313 | +€190,974 | |
| Transfer from deferred taxes | 780 | €7,982 | €7,982 | = | 0.0% |
| Income taxes | 67/77 | - | €896 | +€896 | |
| Profit (loss) for the period | 9904 | -€102,679 | €87,399 | +€190,078 | |
| Transfer from tax-exempt reserves | 789 | €16,981 | €16,981 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,698 | €104,380 | +€190,078 |
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.