IMKAGEE: 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.
IMKAGEE
Largest movements
- Cash +€250,291
up €250,291 (+477.4%), from €52,425 to €302,716
mainly Investment in fixed assets (net) (+€163,853) and Net result for the year (+€96,096)
- Tangible fixed assets -€165,734
down €165,734 (-57.6%), from €287,953 to €122,219
- Reserves +€74,690
up €74,690 (+23.7%), from €314,814 to €389,504
of which Non-distributable reserves: +€74,690
- Tax, wage and social debts +€9,764
up €9,764, from €0 to €9,764
- Gross operating margin +€105,956
up €105,956 (+208.3%), from €50,865 to €156,822
- Taxes +€39,939
up €39,939 (+685.7%), from €5,824 to €45,764
- Depreciation -€7,328
down €7,328 (-79.6%), from €9,209 to €1,881
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 | €343,818 | €429,043 | +€85,225 | +24.8% |
| Fixed assets | 21/28 | €287,953 | €122,219 | -€165,734 | -57.6% |
| Tangible fixed assets | 22/27 | €287,953 | €122,219 | -€165,734 | -57.6% |
| Land and buildings | 22 | €287,953 | €122,219 | -€165,734 | -57.6% |
| Current assets | 29/58 | €55,865 | €306,824 | +€250,959 | +449.2% |
| Amounts receivable within one year | 40/41 | €176 | €415 | +€239 | +136.3% |
| Trade receivables | 40 | - | €415 | +€415 | |
| Other amounts receivable | 41 | €176 | €0 | -€176 | -100.0% |
| Cash at bank and in hand | 54/58 | €52,425 | €302,716 | +€250,291 | +477.4% |
| Deferred charges and accrued income | 490/1 | €3,264 | €3,693 | +€429 | +13.1% |
| Total equity and liabilities | 10/49 | €343,818 | €429,043 | +€85,225 | +24.8% |
| Equity | 10/15 | €333,414 | €408,104 | +€74,690 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,814 | €389,504 | +€74,690 | +23.7% |
| Non-distributable reserves | 130/1 | €188,624 | €263,314 | +€74,690 | +39.6% |
| Reserves not available under the articles | 1311 | €188,624 | €263,314 | +€74,690 | +39.6% |
| Distributable reserves | 133 | €126,190 | €126,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,403 | €20,939 | +€10,535 | +101.3% |
| Amounts payable within one year | 42/48 | €10,403 | €20,939 | +€10,535 | +101.3% |
| Trade debts | 44 | €387 | €0 | -€387 | -100.0% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €9,764 | +€9,764 | |
| Taxes | 450/3 | €0 | €9,764 | +€9,764 | |
| Other amounts payable | 47/48 | €10,016 | €11,175 | +€1,159 | +11.6% |
| Non-recurring operating income | 76A | - | €131,147 | +€131,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,209 | €1,881 | -€7,328 | -79.6% |
| Other operating charges | 640/8 | €11,626 | €11,740 | +€114 | +1.0% |
| Gross operating margin | 9900 | €50,865 | €156,822 | +€105,956 | +208.3% |
| Operating profit (loss) | 9901 | €30,031 | €143,201 | +€113,170 | +376.8% |
| Financial charges | 65/66B | €1,622 | €1,340 | -€282 | -17.4% |
| Recurring financial charges | 65 | €1,622 | €1,340 | -€282 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €28,408 | €141,860 | +€113,452 | +399.4% |
| Income taxes | 67/77 | €5,824 | €45,764 | +€39,939 | +685.7% |
| Profit (loss) for the period | 9904 | €22,584 | €96,096 | +€73,513 | +325.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,584 | €96,096 | +€73,513 | +325.5% |
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 8 October 2026 via checked.be.