IMMEKO: 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.
IMMEKO
Largest movements
- Tangible fixed assets -€287,803
down €287,803 (-9.5%), from €3.0m to €2.7m
- Receivables within one year -€42,995
no longer reported in 2025 (was €42,995)
- Debts after one year -€248,492
down €248,492 (-25.8%), from €963,808 to €715,315
- Short-term financial debts -€180,279
down €180,279 (-74.9%), from €240,736 to €60,457
of which Credit institutions: -€225,000
- Profit (loss) carried forward +€109,323
up €109,323 (+14.1%), from €774,530 to €883,853
- Tax, wage and social debts -€95,354
down €95,354 (-53.7%), from €177,576 to €82,222
- Other debts +€58,845
up €58,845 (+9.1%), from €643,609 to €702,454
- Gross operating margin -€77,035
down €77,035 (-16.9%), from €455,281 to €378,246
- Financial charges -€61,676
down €61,676 (-49.9%), from €123,688 to €62,011
- Taxes -€9,322
down €9,322 (-16.7%), from €55,772 to €46,450
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,077,603 | €2,746,806 | -€330,797 | -10.7% |
| Fixed assets | 21/28 | €3,034,608 | €2,746,806 | -€287,803 | -9.5% |
| Tangible fixed assets | 22/27 | €3,034,608 | €2,746,806 | -€287,803 | -9.5% |
| Land and buildings | 22 | €1,417,719 | €1,293,923 | -€123,796 | -8.7% |
| Plant, machinery and equipment | 23 | €41,023 | €25,571 | -€15,452 | -37.7% |
| Furniture and vehicles | 24 | €27,179 | €18,006 | -€9,173 | -33.8% |
| Assets under construction and advance payments | 27 | €1,548,687 | €1,409,305 | -€139,382 | -9.0% |
| Current assets | 29/58 | €42,995 | - | -€42,995 | |
| Amounts receivable within one year | 40/41 | €42,995 | - | -€42,995 | |
| Other amounts receivable | 41 | €42,995 | - | -€42,995 | |
| Total equity and liabilities | 10/49 | €3,077,603 | €2,746,806 | -€330,797 | -10.7% |
| Equity | 10/15 | €788,790 | €898,113 | +€109,323 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €774,530 | €883,853 | +€109,323 | +14.1% |
| Amounts payable | 17/49 | €2,288,813 | €1,848,693 | -€440,120 | -19.2% |
| Amounts payable after more than one year | 17 | €963,808 | €715,315 | -€248,492 | -25.8% |
| Financial debts | 170/4 | €963,808 | €715,315 | -€248,492 | -25.8% |
| Amounts payable within one year | 42/48 | €1,300,304 | €1,108,677 | -€191,628 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €238,383 | €263,544 | +€25,161 | +10.6% |
| Financial debts | 43 | €240,736 | €60,457 | -€180,279 | -74.9% |
| Credit institutions | 430/8 | €225,000 | - | -€225,000 | |
| Other loans | 439 | €15,736 | €60,457 | +€44,721 | +284% |
| Taxes, remuneration and social security | 45 | €177,576 | €82,222 | -€95,354 | -53.7% |
| Taxes | 450/3 | €177,576 | €82,222 | -€95,354 | -53.7% |
| Other amounts payable | 47/48 | €643,609 | €702,454 | +€58,845 | +9.1% |
| Accrued charges and deferred income | 492/3 | €24,701 | €24,701 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €4,200 | +€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,179 | €148,421 | -€2,758 | -1.8% |
| Other operating charges | 640/8 | €9,329 | €7,842 | -€1,488 | -15.9% |
| Gross operating margin | 9900 | €455,281 | €378,246 | -€77,035 | -16.9% |
| Operating profit (loss) | 9901 | €294,773 | €217,783 | -€76,989 | -26.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €123,688 | €62,011 | -€61,676 | -49.9% |
| Recurring financial charges | 65 | €123,688 | €62,011 | -€61,676 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €171,085 | €155,772 | -€15,313 | -9.0% |
| Income taxes | 67/77 | €55,772 | €46,450 | -€9,322 | -16.7% |
| Profit (loss) for the period | 9904 | €115,313 | €109,323 | -€5,991 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,313 | €109,323 | -€5,991 | -5.2% |
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 27 October 2026 via checked.be.