IMEXPLAN: 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.
IMEXPLAN
Largest movements
- Tangible fixed assets +€77,819
up €77,819 (+9.9%), from €787,092 to €864,910
of which Land and buildings: +€67,729
- Cash +€49,946
up €49,946 (+438.8%), from €11,382 to €61,328
mainly Net result for the year (+€1.1m) and Debts after one year (+€225,528)
- Receivables within one year -€11,606
down €11,606 (-42.1%), from €27,592 to €15,985
of which Other amounts receivable: -€12,561
- Debts after one year +€225,528
new in 2025: €225,528
- Profit (loss) carried forward -€111,630
down €111,630 (-15.7%), from €712,560 to €600,929
- Current portion of long-term debt +€21,043
new in 2025: €21,043
- Other debts -€10,052
down €10,052 (-94.8%), from €10,600 to €548
- Gross operating margin +€1.4m
up €1.4m (+1598.1%), from €85,496 to €1.5m
- Taxes +€343,256
up €343,256 (+4450.9%), from €7,712 to €350,968
- Other operating charges -€20,929
down €20,929 (-75.3%), from €27,809 to €6,880
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 | €831,281 | €945,197 | +€113,917 | +13.7% |
| Fixed assets | 21/28 | €787,092 | €866,210 | +€79,119 | +10.1% |
| Tangible fixed assets | 22/27 | €787,092 | €864,910 | +€77,819 | +9.9% |
| Land and buildings | 22 | €748,479 | €816,208 | +€67,729 | +9.0% |
| Plant, machinery and equipment | 23 | €35,176 | €46,110 | +€10,934 | +31.1% |
| Furniture and vehicles | 24 | €187 | €460 | +€273 | +146.0% |
| Other tangible fixed assets | 26 | €3,250 | €2,133 | -€1,117 | -34.4% |
| Financial fixed assets | 28 | - | €1,300 | +€1,300 | |
| Current assets | 29/58 | €44,189 | €78,987 | +€34,798 | +78.7% |
| Amounts receivable within one year | 40/41 | €27,592 | €15,985 | -€11,606 | -42.1% |
| Trade receivables | 40 | €967 | €1,921 | +€954 | +98.7% |
| Other amounts receivable | 41 | €26,625 | €14,064 | -€12,561 | -47.2% |
| Cash at bank and in hand | 54/58 | €11,382 | €61,328 | +€49,946 | +438.8% |
| Deferred charges and accrued income | 490/1 | €5,215 | €1,673 | -€3,541 | -67.9% |
| Total equity and liabilities | 10/49 | €831,281 | €945,197 | +€113,917 | +13.7% |
| Equity | 10/15 | €790,105 | €678,474 | -€111,630 | -14.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,545 | €15,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,345 | €9,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €712,560 | €600,929 | -€111,630 | -15.7% |
| Amounts payable | 17/49 | €41,176 | €266,723 | +€225,547 | +547.8% |
| Amounts payable after more than one year | 17 | - | €225,528 | +€225,528 | |
| Financial debts | 170/4 | - | €225,528 | +€225,528 | |
| Amounts payable within one year | 42/48 | €34,980 | €39,895 | +€4,915 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,043 | +€21,043 | |
| Trade debts | 44 | €23,506 | €15,277 | -€8,230 | -35.0% |
| Suppliers | 440/4 | €23,506 | €15,277 | -€8,230 | -35.0% |
| Taxes, remuneration and social security | 45 | €874 | €3,027 | +€2,153 | +246.3% |
| Taxes | 450/3 | €874 | €3,027 | +€2,153 | +246.3% |
| Other amounts payable | 47/48 | €10,600 | €548 | -€10,052 | -94.8% |
| Accrued charges and deferred income | 492/3 | €6,196 | €1,300 | -€4,896 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,091 | €27,073 | +€11,982 | +79.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,690 | €127 | -€7,563 | -98.3% |
| Other operating charges | 640/8 | €27,809 | €6,880 | -€20,929 | -75.3% |
| Non-recurring operating charges | 66A | €9,712 | €0 | -€9,712 | -100.0% |
| Gross operating margin | 9900 | €85,496 | €1,451,833 | +€1.4m | +1598.1% |
| Operating profit (loss) | 9901 | €25,194 | €1,417,753 | +€1.4m | +5527.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,450 | €7,415 | +€5,965 | +411.4% |
| Recurring financial charges | 65 | €1,450 | €7,415 | +€5,965 | +411.4% |
| Profit (loss) for the period before taxes | 9903 | €23,744 | €1,410,338 | +€1.4m | +5839.7% |
| Income taxes | 67/77 | €7,712 | €350,968 | +€343,256 | +4450.9% |
| Profit (loss) for the period | 9904 | €16,032 | €1,059,370 | +€1.0m | +6507.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,032 | €1,059,370 | +€1.0m | +6507.8% |
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 28 September 2026 via checked.be.