IMHOTEP ENGINEERING: 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.
IMHOTEP ENGINEERING
Largest movements
- Cash +€69,174
up €69,174 (+249%), from €27,772 to €96,946
mainly Trade debts (+€60,998) and Net result for the year (+€13,664)
- Receivables within one year -€12,105
down €12,105 (-13.9%), from €87,254 to €75,149
of which Trade receivables: -€13,128
- Deferred charges and accrued income +€5,553
up €5,553 (+313%), from €1,775 to €7,328
- Intangible fixed assets -€4,880
down €4,880 (-11.1%), from €43,920 to €39,040
- Tangible fixed assets -€2,904
down €2,904 (-13.8%), from €20,986 to €18,082
of which Furniture and vehicles: -€5,228
- Trade debts +€60,998
up €60,998 (+181%), from €33,662 to €94,660
- Profit (loss) carried forward +€13,664
up €13,664 (+104%), from €13,183 to €26,847
- Tax, wage and social debts -€12,485
down €12,485 (-18.1%), from €69,136 to €56,651
of which Remuneration and social security: -€16,500
- Debts after one year -€3,376
down €3,376 (-59.1%), from €5,716 to €2,340
- Provisions +€34,433
no longer reported in 2025 (was -€34,433)
- Gross operating margin +€21,855
up €21,855 (+5.7%), from €381,065 to €402,920
- Staff costs +€20,729
up €20,729 (+6.0%), from €342,751 to €363,480
- Taxes +€6,716
new in 2025: €6,716
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.
Derived cash bridge
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 | €232,666 | €287,504 | +€54,838 | +23.6% |
| Fixed assets | 21/28 | €65,306 | €57,522 | -€7,784 | -11.9% |
| Intangible fixed assets | 21 | €43,920 | €39,040 | -€4,880 | -11.1% |
| Tangible fixed assets | 22/27 | €20,986 | €18,082 | -€2,904 | -13.8% |
| Plant, machinery and equipment | 23 | €12,835 | €15,159 | +€2,324 | +18.1% |
| Furniture and vehicles | 24 | €8,151 | €2,923 | -€5,228 | -64.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €167,360 | €229,982 | +€62,622 | +37.4% |
| Amounts receivable after more than one year | 29 | €50,559 | €50,559 | = | 0.0% |
| Other amounts receivable | 291 | €50,559 | €50,559 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,254 | €75,149 | -€12,105 | -13.9% |
| Trade receivables | 40 | €78,858 | €65,730 | -€13,128 | -16.6% |
| Other amounts receivable | 41 | €8,396 | €9,419 | +€1,023 | +12.2% |
| Cash at bank and in hand | 54/58 | €27,772 | €96,946 | +€69,174 | +249% |
| Deferred charges and accrued income | 490/1 | €1,775 | €7,328 | +€5,553 | +313% |
| Total equity and liabilities | 10/49 | €232,666 | €287,504 | +€54,838 | +23.6% |
| Equity | 10/15 | €107,805 | €119,619 | +€11,814 | +11.0% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €19,500 | +€19,500 | |
| Other | 1109/19 | - | €19,500 | +€19,500 | |
| Reserves | 13 | €29,752 | €29,752 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,421 | €23,421 | = | 0.0% |
| Distributable reserves | 133 | €4,381 | €4,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,183 | €26,847 | +€13,664 | +104% |
| Investment grants | 15 | €45,370 | €43,520 | -€1,850 | -4.1% |
| Amounts payable | 17/49 | €124,861 | €167,885 | +€43,024 | +34.5% |
| Amounts payable after more than one year | 17 | €5,716 | €2,340 | -€3,376 | -59.1% |
| Financial debts | 170/4 | €5,716 | €2,340 | -€3,376 | -59.1% |
| Amounts payable within one year | 42/48 | €119,145 | €165,545 | +€46,400 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €3,220 | €3,376 | +€156 | +4.8% |
| Trade debts | 44 | €33,662 | €94,660 | +€60,998 | +181% |
| Suppliers | 440/4 | €33,662 | €94,660 | +€60,998 | +181% |
| Advances received on contracts in progress | 46 | €1,440 | €1,440 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €69,136 | €56,651 | -€12,485 | -18.1% |
| Taxes | 450/3 | €5,422 | €9,437 | +€4,015 | +74.1% |
| Remuneration and social security | 454/9 | €63,714 | €47,214 | -€16,500 | -25.9% |
| Other amounts payable | 47/48 | €11,687 | €9,418 | -€2,269 | -19.4% |
| Remuneration, social security and pensions | 62 | €342,751 | €363,480 | +€20,729 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,827 | €11,733 | -€94 | -0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,433 | - | +€34,433 | |
| Other operating charges | 640/8 | €6,092 | €3,230 | -€2,862 | -47.0% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €381,065 | €402,920 | +€21,855 | +5.7% |
| Operating profit (loss) | 9901 | €54,828 | €24,327 | -€30,501 | -55.6% |
| Financial income | 75/76B | €2,371 | €2,805 | +€434 | +18.3% |
| Recurring financial income | 75 | €2,371 | €2,805 | +€434 | +18.3% |
| Financial charges | 65/66B | €4,514 | €6,752 | +€2,238 | +49.6% |
| Recurring financial charges | 65 | €4,514 | €6,752 | +€2,238 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €52,685 | €20,380 | -€32,305 | -61.3% |
| Income taxes | 67/77 | - | €6,716 | +€6,716 | |
| Profit (loss) for the period | 9904 | €52,685 | €13,664 | -€39,021 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,685 | €13,664 | -€39,021 | -74.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.