Imgeco: what changed
Two financial 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.
Imgeco
Largest movements
- Deferred charges and accrued income -€70,540
down €70,540 (-97.9%), from €72,083 to €1,543
- Current investments +€45,923
up €45,923 (+1.4%), from €3.4m to €3.4m
- Other debts -€100,176
down €100,176 (-97.8%), from €102,383 to €2,207
- Reserves +€60,452
up €60,452 (+1.8%), from €3.4m to €3.5m
of which Distributable reserves: +€60,452
- Gross operating margin +€38,432
up €38,432, from -€20,030 to €18,402
- Financial income -€30,727
down €30,727 (-27.3%), from €112,400 to €81,673
of which Financial income: -€28,854
- Taxes +€2,379
up €2,379 (+12.7%), from €18,698 to €21,077
- Depreciation -€1,401
down €1,401 (-11.7%), from €11,998 to €10,597
- Other operating charges +€312
up €312 (+4.3%), from €7,278 to €7,590
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 | €3,637,203 | €3,601,247 | -€35,956 | -1.0% |
| Fixed assets | 21/28 | €189,969 | €176,024 | -€13,945 | -7.3% |
| Tangible fixed assets | 22/27 | €189,969 | €176,024 | -€13,945 | -7.3% |
| Land and buildings | 22 | €176,485 | €168,293 | -€8,192 | -4.6% |
| Plant, machinery and equipment | 23 | - | €697 | +€697 | |
| Furniture and vehicles | 24 | €2,134 | €2,214 | +€81 | +3.8% |
| Other tangible fixed assets | 26 | €11,351 | €4,819 | -€6,531 | -57.5% |
| Current assets | 29/58 | €3,447,234 | €3,425,223 | -€22,011 | -0.6% |
| Amounts receivable within one year | 40/41 | €3,703 | €3,259 | -€444 | -12.0% |
| Trade receivables | 40 | €252 | €993 | +€741 | +293.9% |
| Other amounts receivable | 41 | €3,451 | €2,266 | -€1,185 | -34.3% |
| Current investments | 50/53 | €3,368,990 | €3,414,913 | +€45,923 | +1.4% |
| Cash at bank and in hand | 54/58 | €2,458 | €5,508 | +€3,049 | +124.0% |
| Deferred charges and accrued income | 490/1 | €72,083 | €1,543 | -€70,540 | -97.9% |
| Total equity and liabilities | 10/49 | €3,637,203 | €3,601,247 | -€35,956 | -1.0% |
| Equity | 10/15 | €3,528,645 | €3,589,097 | +€60,452 | +1.7% |
| Contributions | 10/11 | €94,867 | €94,867 | = | 0.0% |
| Capital | 10 | €94,867 | €94,867 | = | 0.0% |
| Issued capital | 100 | €94,867 | €94,867 | = | 0.0% |
| Reserves | 13 | €3,433,778 | €3,494,230 | +€60,452 | +1.8% |
| Non-distributable reserves | 130/1 | €9,487 | €9,487 | = | 0.0% |
| Legal reserve | 130 | €9,487 | €9,487 | = | 0.0% |
| Distributable reserves | 133 | €3,424,292 | €3,484,744 | +€60,452 | +1.8% |
| Amounts payable | 17/49 | €108,558 | €12,149 | -€96,408 | -88.8% |
| Amounts payable within one year | 42/48 | €107,623 | €11,186 | -€96,437 | -89.6% |
| Trade debts | 44 | €3,468 | €7,902 | +€4,434 | +127.9% |
| Suppliers | 440/4 | €3,468 | €7,902 | +€4,434 | +127.9% |
| Taxes, remuneration and social security | 45 | €1,772 | €1,077 | -€695 | -39.2% |
| Taxes | 450/3 | €1,772 | €1,077 | -€695 | -39.2% |
| Other amounts payable | 47/48 | €102,383 | €2,207 | -€100,176 | -97.8% |
| Accrued charges and deferred income | 492/3 | €935 | €964 | +€29 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,998 | €10,597 | -€1,401 | -11.7% |
| Other operating charges | 640/8 | €7,278 | €7,590 | +€312 | +4.3% |
| Gross operating margin | 9900 | -€20,030 | €18,402 | +€38,432 | |
| Operating profit (loss) | 9901 | -€39,307 | €215 | +€39,521 | |
| Financial income | 75/76B | €112,400 | €81,673 | -€30,727 | -27.3% |
| Recurring financial income | 75 | €110,395 | €81,541 | -€28,854 | -26.1% |
| Non-recurring financial income | 76B | €2,006 | €132 | -€1,874 | -93.4% |
| Financial charges | 65/66B | €333 | €358 | +€26 | +7.7% |
| Recurring financial charges | 65 | €333 | €327 | -€6 | -1.8% |
| Non-recurring financial charges | 66B | - | €32 | +€32 | |
| Profit (loss) for the period before taxes | 9903 | €72,761 | €81,529 | +€8,768 | +12.1% |
| Income taxes | 67/77 | €18,698 | €21,077 | +€2,379 | +12.7% |
| Profit (loss) for the period | 9904 | €54,063 | €60,452 | +€6,389 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,063 | €60,452 | +€6,389 | +11.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.