IMEXAB: 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.
IMEXAB
Largest movements
- Current investments -€3.0m
down €3.0m (-100.0%), from €3.0m to €0
- Receivables within one year +€2.8m
up €2.8m (+10718.4%), from €25,902 to €2.8m
of which Other amounts receivable: +€2.8m
- Stocks and contracts +€450,000
new in 2024: €450,000
- Cash -€148,941
down €148,941 (-56.2%), from €265,021 to €116,080
mainly Receivables within one year (-€2.8m) and Stocks and contracts (-€450,000)
- Profit (loss) carried forward +€48,217
up €48,217 (+13.6%), from €355,575 to €403,792
- Gross operating margin -€2.6m
down €2.6m (-99.6%), from €2.6m to €11,298
- Financial income +€46,219
up €46,219 (+147.1%), from €31,416 to €77,635
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,403,996 | €3,472,019 | +€68,022 | +2.0% |
| Fixed assets | 21/28 | €110,336 | €101,900 | -€8,437 | -7.6% |
| Tangible fixed assets | 22/27 | €110,236 | €101,800 | -€8,437 | -7.7% |
| Land and buildings | 22 | €110,236 | €101,800 | -€8,437 | -7.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €3,293,660 | €3,370,119 | +€76,459 | +2.3% |
| Stocks and contracts in progress | 3 | - | €450,000 | +€450,000 | |
| Stocks | 30/36 | - | €450,000 | +€450,000 | |
| Amounts receivable within one year | 40/41 | €25,902 | €2,802,145 | +€2.8m | +10718.4% |
| Trade receivables | 40 | €14,267 | €19,574 | +€5,307 | +37.2% |
| Other amounts receivable | 41 | €11,634 | €2,782,571 | +€2.8m | +23816.8% |
| Current investments | 50/53 | €3,000,000 | €0 | -€3.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €265,021 | €116,080 | -€148,941 | -56.2% |
| Deferred charges and accrued income | 490/1 | €2,738 | €1,894 | -€844 | -30.8% |
| Total equity and liabilities | 10/49 | €3,403,996 | €3,472,019 | +€68,022 | +2.0% |
| Equity | 10/15 | €2,750,049 | €2,800,804 | +€50,755 | +1.8% |
| Contributions | 10/11 | €389,164 | €389,164 | = | 0.0% |
| Capital | 10 | €389,164 | €389,164 | = | 0.0% |
| Issued capital | 100 | €389,164 | €389,164 | = | 0.0% |
| Reserves | 13 | €2,005,310 | €2,007,848 | +€2,538 | +0.1% |
| Non-distributable reserves | 130/1 | €25,741 | €28,279 | +€2,538 | +9.9% |
| Legal reserve | 130 | €25,741 | €28,279 | +€2,538 | +9.9% |
| Tax-exempt reserves | 132 | €1,940,075 | €1,940,075 | = | 0.0% |
| Distributable reserves | 133 | €39,493 | €39,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | €355,575 | €403,792 | +€48,217 | +13.6% |
| Provisions and deferred taxes | 16 | €646,692 | €646,692 | = | 0.0% |
| Deferred taxes | 168 | €646,692 | €646,692 | = | 0.0% |
| Amounts payable | 17/49 | €7,255 | €24,523 | +€17,268 | +238.0% |
| Amounts payable within one year | 42/48 | €7,255 | €24,523 | +€17,268 | +238.0% |
| Trade debts | 44 | €4,205 | €16,035 | +€11,830 | +281.3% |
| Suppliers | 440/4 | €4,205 | €16,035 | +€11,830 | +281.3% |
| Taxes, remuneration and social security | 45 | €0 | €6,167 | +€6,167 | |
| Taxes | 450/3 | €0 | €6,167 | +€6,167 | |
| Other amounts payable | 47/48 | €3,050 | €2,320 | -€730 | -23.9% |
| Non-recurring operating income | 76A | €2,586,767 | €0 | -€2.6m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,766 | €10,663 | -€12,103 | -53.2% |
| Other operating charges | 640/8 | €25,520 | €11,352 | -€14,167 | -55.5% |
| Gross operating margin | 9900 | €2,594,756 | €11,298 | -€2.6m | -99.6% |
| Operating profit (loss) | 9901 | €2,546,470 | -€10,717 | -€2.6m | |
| Financial income | 75/76B | €31,416 | €77,635 | +€46,219 | +147.1% |
| Recurring financial income | 75 | €31,416 | €77,635 | +€46,219 | +147.1% |
| Financial charges | 65/66B | -€340 | €1,423 | +€1,762 | |
| Recurring financial charges | 65 | -€340 | €1,423 | +€1,762 | |
| Profit (loss) for the period before taxes | 9903 | €2,578,226 | €65,495 | -€2.5m | -97.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €646,692 | €0 | -€646,692 | -100.0% |
| Income taxes | 67/77 | €0 | €14,741 | +€14,741 | |
| Profit (loss) for the period | 9904 | €1,931,534 | €50,755 | -€1.9m | -97.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €1,940,075 | €0 | -€1.9m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,541 | €50,755 | +€59,296 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.