IMHOTEP: 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.
IMHOTEP
Largest movements
- Current investments +€116,943
up €116,943 (+6.1%), from €1.9m to €2.0m
- Cash -€25,227
down €25,227 (-45.4%), from €55,606 to €30,379
mainly Contributions, distributions and other (-€553,159) and Current investments (-€116,943)
- Other debts +€553,607
up €553,607 (+840070.9%), from €66 to €553,673
- Reserves -€467,416
down €467,416 (-60.1%), from €777,659 to €310,244
of which Distributable reserves: -€431,716
- Gross operating margin -€10,974
down €10,974 (-9.6%), from €114,097 to €103,123
- Taxes -€6,884
down €6,884 (-15.6%), from €44,021 to €37,137
- Financial income -€5,738
down €5,738 (-15.0%), from €38,179 to €32,441
- Other operating charges -€1,223
down €1,223 (-15.0%), from €8,142 to €6,920
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 | €2,046,134 | €2,124,484 | +€78,349 | +3.8% |
| Fixed assets | 21/28 | €56,612 | €50,933 | -€5,679 | -10.0% |
| Tangible fixed assets | 22/27 | €56,607 | €50,928 | -€5,679 | -10.0% |
| Land and buildings | 22 | €52,711 | €50,170 | -€2,542 | -4.8% |
| Plant, machinery and equipment | 23 | €3,896 | €759 | -€3,137 | -80.5% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €1,989,522 | €2,073,550 | +€84,029 | +4.2% |
| Amounts receivable within one year | 40/41 | €119 | - | -€119 | |
| Trade receivables | 40 | €119 | - | -€119 | |
| Current investments | 50/53 | €1,926,228 | €2,043,171 | +€116,943 | +6.1% |
| Cash at bank and in hand | 54/58 | €55,606 | €30,379 | -€25,227 | -45.4% |
| Deferred charges and accrued income | 490/1 | €7,569 | - | -€7,569 | |
| Total equity and liabilities | 10/49 | €2,046,134 | €2,124,484 | +€78,349 | +3.8% |
| Equity | 10/15 | €2,037,477 | €1,570,062 | -€467,416 | -22.9% |
| Contributions | 10/11 | €1,259,818 | €1,259,818 | = | 0.0% |
| Capital | 10 | €1,259,818 | - | -€1.3m | |
| Issued capital | 100 | €1,259,818 | - | -€1.3m | |
| Outside capital | 11 | - | €1,259,818 | +€1.3m | |
| Other | 1109/19 | - | €1,259,818 | +€1.3m | |
| Reserves | 13 | €777,659 | €310,244 | -€467,416 | -60.1% |
| Non-distributable reserves | 130/1 | €41,900 | €6,200 | -€35,700 | -85.2% |
| Legal reserve | 130 | €41,900 | €6,200 | -€35,700 | -85.2% |
| Distributable reserves | 133 | €735,759 | €304,044 | -€431,716 | -58.7% |
| Amounts payable | 17/49 | €8,657 | €554,422 | +€545,765 | +6304.5% |
| Amounts payable within one year | 42/48 | €8,657 | €554,422 | +€545,765 | +6304.5% |
| Trade debts | 44 | €366 | - | -€366 | |
| Suppliers | 440/4 | €366 | - | -€366 | |
| Taxes, remuneration and social security | 45 | €8,225 | €749 | -€7,476 | -90.9% |
| Taxes | 450/3 | €8,225 | €749 | -€7,476 | -90.9% |
| Other amounts payable | 47/48 | €66 | €553,673 | +€553,607 | +840070.9% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,709 | €5,679 | -€30 | -0.5% |
| Other operating charges | 640/8 | €8,142 | €6,920 | -€1,223 | -15.0% |
| Gross operating margin | 9900 | €114,097 | €103,123 | -€10,974 | -9.6% |
| Operating profit (loss) | 9901 | €100,245 | €90,523 | -€9,722 | -9.7% |
| Financial income | 75/76B | €38,179 | €32,441 | -€5,738 | -15.0% |
| Recurring financial income | 75 | €38,179 | €32,441 | -€5,738 | -15.0% |
| Financial charges | 65/66B | €72 | €84 | +€12 | +16.6% |
| Recurring financial charges | 65 | €72 | €84 | +€12 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €138,351 | €122,880 | -€15,471 | -11.2% |
| Income taxes | 67/77 | €44,021 | €37,137 | -€6,884 | -15.6% |
| Profit (loss) for the period | 9904 | €94,330 | €85,743 | -€8,587 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,330 | €85,743 | -€8,587 | -9.1% |
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 6 October 2026 via checked.be.