IMMEC: 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.
IMMEC
Largest movements
- Cash -€49,922
down €49,922 (-79.5%), from €62,774 to €12,852
mainly Investment in fixed assets (net) (-€59,931) and Current portion of long-term debt (-€16,618)
- Tangible fixed assets +€38,067
up €38,067 (+23.9%), from €159,492 to €197,559
of which Land and buildings: +€44,328
- Current portion of long-term debt -€16,618
down €16,618 (-72.3%), from €22,977 to €6,358
- Depreciation -€9,817
down €9,817 (-31.0%), from €31,682 to €21,865
- Other operating charges +€7,027
up €7,027 (+164%), from €4,282 to €11,309
- Gross operating margin +€5,339
up €5,339 (+15.1%), from €35,385 to €40,723
- Financial income -€4,423
no longer reported in 2025 (was €4,423)
- Financial charges -€2,423
down €2,423 (-59.1%), from €4,100 to €1,677
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 | €963,796 | €951,941 | -€11,855 | -1.2% |
| Fixed assets | 21/28 | €159,492 | €197,559 | +€38,067 | +23.9% |
| Tangible fixed assets | 22/27 | €159,492 | €197,559 | +€38,067 | +23.9% |
| Land and buildings | 22 | €103,542 | €147,871 | +€44,328 | +42.8% |
| Plant, machinery and equipment | 23 | €55,950 | €49,688 | -€6,262 | -11.2% |
| Current assets | 29/58 | €804,304 | €754,383 | -€49,922 | -6.2% |
| Amounts receivable within one year | 40/41 | €741,531 | €741,531 | = | 0.0% |
| Other amounts receivable | 41 | €741,531 | €741,531 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,774 | €12,852 | -€49,922 | -79.5% |
| Total equity and liabilities | 10/49 | €963,796 | €951,941 | -€11,855 | -1.2% |
| Equity | 10/15 | €464,098 | €469,971 | +€5,873 | +1.3% |
| Contributions | 10/11 | €488,399 | €488,399 | = | 0.0% |
| Capital | 10 | €488,399 | €488,399 | = | 0.0% |
| Issued capital | 100 | €488,399 | €488,399 | = | 0.0% |
| Reserves | 13 | €37,999 | €37,999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,869 | €1,869 | = | 0.0% |
| Legal reserve | 130 | €1,869 | €1,869 | = | 0.0% |
| Distributable reserves | 133 | €36,130 | €36,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,300 | -€56,428 | +€5,873 | +9.4% |
| Amounts payable | 17/49 | €499,698 | €481,970 | -€17,728 | -3.5% |
| Amounts payable after more than one year | 17 | €6,371 | - | -€6,371 | |
| Financial debts | 170/4 | €6,371 | - | -€6,371 | |
| Amounts payable within one year | 42/48 | €493,327 | €481,970 | -€11,357 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €22,977 | €6,358 | -€16,618 | -72.3% |
| Trade debts | 44 | €36 | €94 | +€58 | +163% |
| Suppliers | 440/4 | €36 | €94 | +€58 | +163% |
| Taxes, remuneration and social security | 45 | €3,687 | €8,890 | +€5,204 | +141% |
| Taxes | 450/3 | €3,687 | €8,890 | +€5,204 | +141% |
| Other amounts payable | 47/48 | €466,628 | €466,628 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,682 | €21,865 | -€9,817 | -31.0% |
| Other operating charges | 640/8 | €4,282 | €11,309 | +€7,027 | +164% |
| Gross operating margin | 9900 | €35,385 | €40,723 | +€5,339 | +15.1% |
| Operating profit (loss) | 9901 | -€579 | €7,550 | +€8,129 | |
| Financial income | 75/76B | €4,423 | - | -€4,423 | |
| Recurring financial income | 75 | €4,423 | - | -€4,423 | |
| Financial charges | 65/66B | €4,100 | €1,677 | -€2,423 | -59.1% |
| Recurring financial charges | 65 | €4,100 | €1,677 | -€2,423 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€256 | €5,873 | +€6,129 | |
| Profit (loss) for the period | 9904 | -€256 | €5,873 | +€6,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€256 | €5,873 | +€6,129 |
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.