IMMINCKUS: 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.
IMMINCKUS
Largest movements
- Cash +€29,231
up €29,231 (+379.6%), from €7,699 to €36,930
mainly Depreciation (+€35,963) and Net result for the year (+€33,711)
- Receivables within one year -€12,313
down €12,313 (-26.2%), from €46,940 to €34,627
of which Other amounts receivable: -€7,175
- Tangible fixed assets -€4,866
down €4,866 (-1.2%), from €398,959 to €394,093
of which Land and buildings: -€5,620
- Profit (loss) carried forward +€33,711
up €33,711 (+40.5%), from €83,179 to €116,891
- Debts after one year -€22,311
down €22,311 (-6.8%), from €327,030 to €304,719
- Tax, wage and social debts -€8,835
down €8,835 (-79.3%), from €11,135 to €2,300
of which Taxes: -€11,135
- Current portion of long-term debt +€8,749
up €8,749 (+29.3%), from €29,891 to €38,640
- Gross operating margin +€26,627
up €26,627 (+42.2%), from €63,041 to €89,668
- Taxes +€6,260
up €6,260 (+228.3%), from €2,742 to €9,002
- Depreciation +€2,784
up €2,784 (+8.4%), from €33,178 to €35,963
- Staff costs -€2,560
no longer reported in 2025 (was €2,560)
- Financial income +€1,444
up €1,444 (+21676.9%), from €7 to €1,450
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.
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 | €455,393 | €467,476 | +€12,083 | +2.7% |
| Fixed assets | 21/28 | €398,959 | €394,093 | -€4,866 | -1.2% |
| Tangible fixed assets | 22/27 | €398,959 | €394,093 | -€4,866 | -1.2% |
| Land and buildings | 22 | €324,255 | €318,635 | -€5,620 | -1.7% |
| Plant, machinery and equipment | 23 | €1,296 | €3,150 | +€1,854 | +143.1% |
| Furniture and vehicles | 24 | €73,408 | €72,307 | -€1,101 | -1.5% |
| Current assets | 29/58 | €56,434 | €73,383 | +€16,949 | +30.0% |
| Amounts receivable within one year | 40/41 | €46,940 | €34,627 | -€12,313 | -26.2% |
| Trade receivables | 40 | €13,646 | €8,508 | -€5,138 | -37.7% |
| Other amounts receivable | 41 | €33,294 | €26,119 | -€7,175 | -21.5% |
| Cash at bank and in hand | 54/58 | €7,699 | €36,930 | +€29,231 | +379.6% |
| Deferred charges and accrued income | 490/1 | €1,795 | €1,826 | +€31 | +1.7% |
| Total equity and liabilities | 10/49 | €455,393 | €467,476 | +€12,083 | +2.7% |
| Equity | 10/15 | €84,179 | €117,891 | +€33,711 | +40.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,179 | €116,891 | +€33,711 | +40.5% |
| Amounts payable | 17/49 | €371,214 | €349,585 | -€21,629 | -5.8% |
| Amounts payable after more than one year | 17 | €327,030 | €304,719 | -€22,311 | -6.8% |
| Financial debts | 170/4 | €327,030 | €304,719 | -€22,311 | -6.8% |
| Amounts payable within one year | 42/48 | €44,184 | €44,866 | +€682 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €29,891 | €38,640 | +€8,749 | +29.3% |
| Financial debts | 43 | €3,158 | - | -€3,158 | |
| Other loans | 439 | €3,158 | - | -€3,158 | |
| Trade debts | 44 | - | €3,926 | +€3,926 | |
| Suppliers | 440/4 | - | €3,926 | +€3,926 | |
| Taxes, remuneration and social security | 45 | €11,135 | €2,300 | -€8,835 | -79.3% |
| Taxes | 450/3 | €11,135 | - | -€11,135 | |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Remuneration, social security and pensions | 62 | €2,560 | - | -€2,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,178 | €35,963 | +€2,784 | +8.4% |
| Other operating charges | 640/8 | €1,534 | €1,835 | +€302 | +19.7% |
| Gross operating margin | 9900 | €63,041 | €89,668 | +€26,627 | +42.2% |
| Operating profit (loss) | 9901 | €25,769 | €51,870 | +€26,101 | +101.3% |
| Financial income | 75/76B | €7 | €1,450 | +€1,444 | +21676.9% |
| Recurring financial income | 75 | €7 | €1,450 | +€1,444 | +21676.9% |
| Financial charges | 65/66B | €11,465 | €10,606 | -€859 | -7.5% |
| Recurring financial charges | 65 | €11,465 | €10,606 | -€859 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €14,311 | €42,714 | +€28,403 | +198.5% |
| Income taxes | 67/77 | €2,742 | €9,002 | +€6,260 | +228.3% |
| Profit (loss) for the period | 9904 | €11,568 | €33,711 | +€22,143 | +191.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,568 | €33,711 | +€22,143 | +191.4% |
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 10 October 2026 via checked.be.