IMKC: 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.
IMKC
Largest movements
- Cash +€23,339
up €23,339 (+27.2%), from €85,682 to €109,021
mainly Trade debts (+€115,104) and Short-term financial debts (+€110,859)
- Tangible fixed assets -€15,925
down €15,925 (-19.9%), from €79,881 to €63,957
of which Plant, machinery and equipment: -€9,563
- Stocks and contracts -€14,749
down €14,749 (-14.0%), from €105,169 to €90,420
of which Stocks: -€15,644
- Receivables within one year +€11,853
up €11,853 (+9.8%), from €121,075 to €132,928
of which Trade receivables: +€15,252
- Deferred charges and accrued income +€11,103
up €11,103 (+572%), from €1,940 to €13,044
- Trade debts +€115,104
up €115,104 (+161%), from €71,598 to €186,703
- Profit (loss) carried forward -€112,507
down €112,507, from €0 to -€112,507
- Short-term financial debts +€110,859
up €110,859 (+111%), from €100,000 to €210,859
- Other debts -€49,602
down €49,602 (-81.4%), from €60,901 to €11,299
- Tax, wage and social debts -€26,002
down €26,002 (-31.1%), from €83,485 to €57,483
of which Remuneration and social security: -€19,813
- Staff costs +€73,677
up €73,677 (+15.6%), from €472,267 to €545,944
- Gross operating margin -€61,527
down €61,527 (-11.0%), from €556,957 to €495,429
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 | €415,379 | €432,736 | +€17,357 | +4.2% |
| Fixed assets | 21/28 | €101,512 | €87,323 | -€14,189 | -14.0% |
| Intangible fixed assets | 21 | €21,631 | €23,366 | +€1,735 | +8.0% |
| Tangible fixed assets | 22/27 | €79,881 | €63,957 | -€15,925 | -19.9% |
| Plant, machinery and equipment | 23 | €62,087 | €52,524 | -€9,563 | -15.4% |
| Furniture and vehicles | 24 | €17,795 | €11,433 | -€6,362 | -35.8% |
| Current assets | 29/58 | €313,867 | €345,413 | +€31,546 | +10.1% |
| Stocks and contracts in progress | 3 | €105,169 | €90,420 | -€14,749 | -14.0% |
| Stocks | 30/36 | €70,169 | €54,525 | -€15,644 | -22.3% |
| Contracts in progress | 37 | €35,000 | €35,895 | +€895 | +2.6% |
| Amounts receivable within one year | 40/41 | €121,075 | €132,928 | +€11,853 | +9.8% |
| Trade receivables | 40 | €82,973 | €98,225 | +€15,252 | +18.4% |
| Other amounts receivable | 41 | €38,103 | €34,703 | -€3,399 | -8.9% |
| Cash at bank and in hand | 54/58 | €85,682 | €109,021 | +€23,339 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,940 | €13,044 | +€11,103 | +572% |
| Total equity and liabilities | 10/49 | €415,379 | €432,736 | +€17,357 | +4.2% |
| Equity | 10/15 | €34,750 | -€77,757 | -€112,507 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €22,350 | €22,350 | = | 0.0% |
| Distributable reserves | 133 | €22,350 | €22,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€112,507 | -€112,507 | |
| Amounts payable | 17/49 | €380,629 | €510,493 | +€129,865 | +34.1% |
| Amounts payable after more than one year | 17 | €43,078 | €30,965 | -€12,112 | -28.1% |
| Financial debts | 170/4 | €43,078 | €30,965 | -€12,112 | -28.1% |
| Amounts payable within one year | 42/48 | €337,107 | €478,456 | +€141,350 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €21,121 | €12,112 | -€9,009 | -42.7% |
| Financial debts | 43 | €100,000 | €210,859 | +€110,859 | +111% |
| Credit institutions | 430/8 | €100,000 | €210,859 | +€110,859 | +111% |
| Trade debts | 44 | €71,598 | €186,703 | +€115,104 | +161% |
| Suppliers | 440/4 | €71,598 | €186,703 | +€115,104 | +161% |
| Taxes, remuneration and social security | 45 | €83,485 | €57,483 | -€26,002 | -31.1% |
| Taxes | 450/3 | €15,110 | €8,921 | -€6,189 | -41.0% |
| Remuneration and social security | 454/9 | €68,375 | €48,562 | -€19,813 | -29.0% |
| Other amounts payable | 47/48 | €60,901 | €11,299 | -€49,602 | -81.4% |
| Accrued charges and deferred income | 492/3 | €445 | €1,072 | +€627 | +141% |
| Remuneration, social security and pensions | 62 | €472,267 | €545,944 | +€73,677 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,125 | €36,489 | +€5,364 | +17.2% |
| Other operating charges | 640/8 | €1,761 | €5,714 | +€3,952 | +224% |
| Gross operating margin | 9900 | €556,957 | €495,429 | -€61,527 | -11.0% |
| Operating profit (loss) | 9901 | €51,804 | -€92,717 | -€144,521 | |
| Financial income | 75/76B | €4,375 | €597 | -€3,778 | -86.4% |
| Recurring financial income | 75 | €4,375 | €597 | -€3,778 | -86.4% |
| Financial charges | 65/66B | €17,934 | €20,041 | +€2,107 | +11.8% |
| Recurring financial charges | 65 | €17,934 | €20,041 | +€2,107 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €38,245 | -€112,162 | -€150,406 | |
| Income taxes | 67/77 | €3,975 | €346 | -€3,630 | -91.3% |
| Profit (loss) for the period | 9904 | €34,269 | -€112,507 | -€146,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,269 | -€112,507 | -€146,777 |
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 14 October 2026 via checked.be.