IMI HYDRONIC ENGINEERING: 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.
IMI HYDRONIC ENGINEERING
Largest movements
- Receivables within one year +€491,201
up €491,201 (+26.3%), from €1.9m to €2.4m
of which Trade receivables: +€394,113
- Cash +€257,080
up €257,080 (+24.9%), from €1.0m to €1.3m
mainly Trade debts (+€1.4m) and Net result for the year (+€176,518)
- Tangible fixed assets +€156,932
up €156,932 (+49.6%), from €316,500 to €473,432
of which Assets under construction and advance payments: +€179,196
- Trade debts +€1.4m
up €1.4m (+178.0%), from €794,208 to €2.2m
- Other debts -€393,840
down €393,840 (-64.1%), from €614,118 to €220,278
- Accrued charges and deferred income +€144,333
up €144,333 (+35.1%), from €411,100 to €555,433
- Tax, wage and social debts -€137,427
down €137,427 (-18.5%), from €743,526 to €606,098
of which Remuneration and social security: -€109,379
- Profit (loss) carried forward -€43,760
down €43,760 (-64.1%), from €68,235 to €24,475
- Gross operating margin -€545,770
down €545,770 (-11.7%), from €4.7m to €4.1m
- Taxes -€146,228
down €146,228 (-57.6%), from €253,819 to €107,591
- Write-downs +€46,761
up €46,761 (+2143.5%), from €2,182 to €48,943
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 | €3,373,257 | €4,356,494 | +€983,236 | +29.1% |
| Fixed assets | 21/28 | €320,802 | €513,676 | +€192,874 | +60.1% |
| Intangible fixed assets | 21 | €726 | €214 | -€513 | -70.6% |
| Tangible fixed assets | 22/27 | €316,500 | €473,432 | +€156,932 | +49.6% |
| Plant, machinery and equipment | 23 | €140,123 | €130,138 | -€9,985 | -7.1% |
| Furniture and vehicles | 24 | €176,377 | €164,099 | -€12,279 | -7.0% |
| Assets under construction and advance payments | 27 | - | €179,196 | +€179,196 | |
| Financial fixed assets | 28 | €3,575 | €40,030 | +€36,455 | +1019.6% |
| Current assets | 29/58 | €3,052,455 | €3,842,818 | +€790,362 | +25.9% |
| Amounts receivable within one year | 40/41 | €1,866,027 | €2,357,228 | +€491,201 | +26.3% |
| Trade receivables | 40 | €1,837,229 | €2,231,342 | +€394,113 | +21.5% |
| Other amounts receivable | 41 | €28,799 | €125,887 | +€97,088 | +337.1% |
| Cash at bank and in hand | 54/58 | €1,033,210 | €1,290,290 | +€257,080 | +24.9% |
| Deferred charges and accrued income | 490/1 | €153,218 | €195,300 | +€42,081 | +27.5% |
| Total equity and liabilities | 10/49 | €3,373,257 | €4,356,494 | +€983,236 | +29.1% |
| Equity | 10/15 | €810,306 | €766,546 | -€43,760 | -5.4% |
| Contributions | 10/11 | €638,326 | €638,326 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,745 | €103,745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Legal reserve | 130 | €61,973 | €61,973 | = | 0.0% |
| Distributable reserves | 133 | €41,771 | €41,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,235 | €24,475 | -€43,760 | -64.1% |
| Amounts payable | 17/49 | €2,562,951 | €3,589,948 | +€1.0m | +40.1% |
| Amounts payable within one year | 42/48 | €2,151,852 | €3,034,515 | +€882,663 | +41.0% |
| Trade debts | 44 | €794,208 | €2,208,139 | +€1.4m | +178.0% |
| Suppliers | 440/4 | €794,208 | €2,208,139 | +€1.4m | +178.0% |
| Taxes, remuneration and social security | 45 | €743,526 | €606,098 | -€137,427 | -18.5% |
| Taxes | 450/3 | €182,180 | €154,132 | -€28,048 | -15.4% |
| Remuneration and social security | 454/9 | €561,346 | €451,967 | -€109,379 | -19.5% |
| Other amounts payable | 47/48 | €614,118 | €220,278 | -€393,840 | -64.1% |
| Accrued charges and deferred income | 492/3 | €411,100 | €555,433 | +€144,333 | +35.1% |
| Remuneration, social security and pensions | 62 | €3,407,761 | €3,418,595 | +€10,834 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,516 | €114,178 | +€12,662 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,182 | €48,943 | +€46,761 | +2143.5% |
| Other operating charges | 640/8 | €9,308 | €15,107 | +€5,799 | +62.3% |
| Gross operating margin | 9900 | €4,666,225 | €4,120,456 | -€545,770 | -11.7% |
| Operating profit (loss) | 9901 | €1,145,459 | €523,634 | -€621,826 | -54.3% |
| Financial income | 75/76B | - | €11,315 | +€11,315 | |
| Recurring financial income | 75 | - | €11,315 | +€11,315 | |
| Financial charges | 65/66B | €256,951 | €250,840 | -€6,111 | -2.4% |
| Recurring financial charges | 65 | €256,951 | €250,840 | -€6,111 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €888,508 | €284,108 | -€604,400 | -68.0% |
| Income taxes | 67/77 | €253,819 | €107,591 | -€146,228 | -57.6% |
| Profit (loss) for the period | 9904 | €634,689 | €176,518 | -€458,171 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €634,689 | €176,518 | -€458,171 | -72.2% |
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 5 October 2026 via checked.be.