IMEXTOP: 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.
IMEXTOP
Largest movements
- Cash -€80,775
down €80,775 (-29.0%), from €278,991 to €198,216
mainly Contributions, distributions and other (-€124,173) and Other debts (-€30,234)
- Tangible fixed assets -€12,899
down €12,899 (-41.3%), from €31,261 to €18,362
of which Furniture and vehicles: -€9,468
- Reserves -€71,550
down €71,550 (-31.6%), from €226,417 to €154,867
of which Distributable reserves: -€71,550
- Other debts -€30,234
down €30,234 (-86.0%), from €35,173 to €4,939
- Tax, wage and social debts +€9,155
new in 2025: €9,155
- Gross operating margin +€18,022
up €18,022 (+25.6%), from €70,378 to €88,399
- Taxes +€6,041
up €6,041 (+31.4%), from €19,227 to €25,267
- Financial income +€1,730
up €1,730 (+67.4%), from €2,567 to €4,297
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 | €336,424 | €245,012 | -€91,412 | -27.2% |
| Fixed assets | 21/28 | €31,261 | €18,362 | -€12,899 | -41.3% |
| Tangible fixed assets | 22/27 | €31,261 | €18,362 | -€12,899 | -41.3% |
| Plant, machinery and equipment | 23 | €5,051 | €1,620 | -€3,431 | -67.9% |
| Furniture and vehicles | 24 | €26,210 | €16,742 | -€9,468 | -36.1% |
| Current assets | 29/58 | €305,162 | €226,650 | -€78,512 | -25.7% |
| Amounts receivable within one year | 40/41 | €22,954 | €25,006 | +€2,052 | +8.9% |
| Trade receivables | 40 | €19,719 | €24,993 | +€5,274 | +26.7% |
| Other amounts receivable | 41 | €3,235 | €13 | -€3,222 | -99.6% |
| Cash at bank and in hand | 54/58 | €278,991 | €198,216 | -€80,775 | -29.0% |
| Deferred charges and accrued income | 490/1 | €3,218 | €3,428 | +€211 | +6.6% |
| Total equity and liabilities | 10/49 | €336,424 | €245,012 | -€91,412 | -27.2% |
| Equity | 10/15 | €300,785 | €229,235 | -€71,550 | -23.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €226,417 | €154,867 | -€71,550 | -31.6% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €218,980 | €147,430 | -€71,550 | -32.7% |
| Amounts payable | 17/49 | €35,639 | €15,778 | -€19,861 | -55.7% |
| Amounts payable within one year | 42/48 | €35,639 | €15,778 | -€19,861 | -55.7% |
| Trade debts | 44 | €466 | €1,683 | +€1,217 | +261.1% |
| Suppliers | 440/4 | €466 | €1,683 | +€1,217 | +261.1% |
| Taxes, remuneration and social security | 45 | - | €9,155 | +€9,155 | |
| Taxes | 450/3 | - | €9,155 | +€9,155 | |
| Other amounts payable | 47/48 | €35,173 | €4,939 | -€30,234 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,168 | €12,899 | -€268 | -2.0% |
| Other operating charges | 640/8 | €909 | €1,717 | +€809 | +89.0% |
| Gross operating margin | 9900 | €70,378 | €88,399 | +€18,022 | +25.6% |
| Operating profit (loss) | 9901 | €56,302 | €73,783 | +€17,481 | +31.0% |
| Financial income | 75/76B | €2,567 | €4,297 | +€1,730 | +67.4% |
| Recurring financial income | 75 | €2,567 | €4,297 | +€1,730 | +67.4% |
| Financial charges | 65/66B | €189 | €189 | -€0 | 0.0% |
| Recurring financial charges | 65 | €189 | €189 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €58,679 | €77,891 | +€19,212 | +32.7% |
| Income taxes | 67/77 | €19,227 | €25,267 | +€6,041 | +31.4% |
| Profit (loss) for the period | 9904 | €39,453 | €52,623 | +€13,171 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,453 | €52,623 | +€13,171 | +33.4% |
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 2 October 2026 via checked.be.