Immalco: 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.
Immalco
Largest movements
- Tangible fixed assets -€9,178
down €9,178 (-19.9%), from €46,130 to €36,952
- Cash +€3,835
up €3,835 (+10.1%), from €38,145 to €41,980
mainly Depreciation (+€9,178) and Tax, wage and social debts (+€6,122)
- Profit (loss) carried forward -€13,431
down €13,431 (-15.3%), from -€87,516 to -€100,947
- Tax, wage and social debts +€6,122
new in 2026: €6,122
- Trade debts +€1,966
up €1,966 (+1029.3%), from €191 to €2,157
- Gross operating margin +€4,180
up €4,180 (+48.5%), from -€8,612 to -€4,432
- Financial income +€179
new in 2026: €179
of which Financial income: +€179
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,275 | €78,932 | -€5,343 | -6.3% |
| Fixed assets | 21/28 | €46,130 | €36,952 | -€9,178 | -19.9% |
| Tangible fixed assets | 22/27 | €46,130 | €36,952 | -€9,178 | -19.9% |
| Land and buildings | 22 | €46,130 | €36,952 | -€9,178 | -19.9% |
| Current assets | 29/58 | €38,145 | €41,980 | +€3,835 | +10.1% |
| Cash at bank and in hand | 54/58 | €38,145 | €41,980 | +€3,835 | +10.1% |
| Total equity and liabilities | 10/49 | €84,275 | €78,932 | -€5,343 | -6.3% |
| Equity | 10/15 | €84,084 | €70,653 | -€13,431 | -16.0% |
| Contributions | 10/11 | €156,000 | €156,000 | = | 0.0% |
| Capital | 10 | €156,000 | €156,000 | = | 0.0% |
| Issued capital | 100 | €156,000 | €156,000 | = | 0.0% |
| Reserves | 13 | €15,600 | €15,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,600 | €15,600 | = | 0.0% |
| Legal reserve | 130 | €15,600 | €15,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,516 | -€100,947 | -€13,431 | -15.3% |
| Amounts payable | 17/49 | €191 | €8,279 | +€8,088 | +4234.6% |
| Amounts payable within one year | 42/48 | €191 | €8,279 | +€8,088 | +4234.6% |
| Trade debts | 44 | €191 | €2,157 | +€1,966 | +1029.3% |
| Suppliers | 440/4 | €191 | €2,157 | +€1,966 | +1029.3% |
| Taxes, remuneration and social security | 45 | - | €6,122 | +€6,122 | |
| Taxes | 450/3 | - | €6,122 | +€6,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,178 | €9,178 | = | 0.0% |
| Gross operating margin | 9900 | -€8,612 | -€4,432 | +€4,180 | +48.5% |
| Operating profit (loss) | 9901 | -€17,790 | -€13,610 | +€4,180 | +23.5% |
| Financial income | 75/76B | - | €179 | +€179 | |
| Recurring financial income | 75 | - | €179 | +€179 | |
| Non-recurring financial income | 76B | - | €179 | +€179 | |
| Financial charges | 65/66B | €28 | - | -€28 | |
| Recurring financial charges | 65 | €28 | - | -€28 | |
| Profit (loss) for the period before taxes | 9903 | -€17,818 | -€13,431 | +€4,387 | +24.6% |
| Profit (loss) for the period | 9904 | -€17,818 | -€13,431 | +€4,387 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,818 | -€13,431 | +€4,387 | +24.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.