IMNELEC: 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.
IMNELEC
Largest movements
- Receivables within one year +€74,931
up €74,931 (+142%), from €52,762 to €127,693
of which Trade receivables: +€61,736
- Tangible fixed assets -€5,037
down €5,037 (-52.7%), from €9,556 to €4,519
- Profit (loss) carried forward +€73,991
up €73,991 (+383%), from €19,327 to €93,318
- Trade debts -€5,461
down €5,461 (-13.7%), from €39,883 to €34,423
- Tax, wage and social debts +€2,356
up €2,356 (+12.7%), from €18,529 to €20,885
of which Remuneration and social security: +€14,091
- Gross operating margin +€137,264
up €137,264 (+225%), from €60,935 to €198,199
- Staff costs +€37,877
up €37,877 (+59.9%), from €63,198 to €101,075
- Other operating charges -€5,082
down €5,082 (-77.4%), from €6,568 to €1,485
- Taxes +€4,807
up €4,807 (+43.7%), from €11,000 to €15,807
- Financial charges -€2,176
down €2,176 (-73.0%), from €2,980 to €804
of which Non-recurring financial charges: -€2,821
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 | €86,428 | €158,198 | +€71,771 | +83.0% |
| Fixed assets | 21/28 | €9,556 | €5,679 | -€3,877 | -40.6% |
| Tangible fixed assets | 22/27 | €9,556 | €4,519 | -€5,037 | -52.7% |
| Furniture and vehicles | 24 | €9,556 | €4,519 | -€5,037 | -52.7% |
| Financial fixed assets | 28 | - | €1,160 | +€1,160 | |
| Current assets | 29/58 | €76,872 | €152,519 | +€75,648 | +98.4% |
| Amounts receivable within one year | 40/41 | €52,762 | €127,693 | +€74,931 | +142% |
| Trade receivables | 40 | €45,222 | €106,957 | +€61,736 | +137% |
| Other amounts receivable | 41 | €7,540 | €20,735 | +€13,195 | +175% |
| Cash at bank and in hand | 54/58 | €24,110 | €24,827 | +€717 | +3.0% |
| Total equity and liabilities | 10/49 | €86,428 | €158,198 | +€71,771 | +83.0% |
| Equity | 10/15 | €25,827 | €99,818 | +€73,991 | +286% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | - | €6,500 | +€6,500 | |
| Issued capital | 100 | - | €6,500 | +€6,500 | |
| Profit (loss) carried forward | 14 | €19,327 | €93,318 | +€73,991 | +383% |
| Amounts payable | 17/49 | €60,600 | €58,380 | -€2,221 | -3.7% |
| Amounts payable within one year | 42/48 | €60,600 | €58,380 | -€2,221 | -3.7% |
| Trade debts | 44 | €39,883 | €34,423 | -€5,461 | -13.7% |
| Suppliers | 440/4 | €39,883 | €34,423 | -€5,461 | -13.7% |
| Advances received on contracts in progress | 46 | €1,863 | €2,746 | +€884 | +47.4% |
| Taxes, remuneration and social security | 45 | €18,529 | €20,885 | +€2,356 | +12.7% |
| Taxes | 450/3 | €18,529 | €6,794 | -€11,734 | -63.3% |
| Remuneration and social security | 454/9 | - | €14,091 | +€14,091 | |
| Other amounts payable | 47/48 | €325 | €325 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €63,198 | €101,075 | +€37,877 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €5,037 | +€952 | +23.3% |
| Other operating charges | 640/8 | €6,568 | €1,485 | -€5,082 | -77.4% |
| Gross operating margin | 9900 | €60,935 | €198,199 | +€137,264 | +225% |
| Operating profit (loss) | 9901 | -€12,916 | €90,602 | +€103,518 | |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €2,980 | €804 | -€2,176 | -73.0% |
| Recurring financial charges | 65 | €159 | €804 | +€645 | +407% |
| Non-recurring financial charges | 66B | €2,821 | - | -€2,821 | |
| Profit (loss) for the period before taxes | 9903 | -€15,825 | €89,798 | +€105,623 | |
| Income taxes | 67/77 | €11,000 | €15,807 | +€4,807 | +43.7% |
| Profit (loss) for the period | 9904 | -€26,825 | €73,991 | +€100,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,825 | €73,991 | +€100,816 |
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 22 October 2026 via checked.be.