IMOCA GROUP: 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.
IMOCA GROUP
Largest movements
- Stocks and contracts +€209,318
new in 2025: €209,318
- Receivables within one year +€2,520
up €2,520 (+130.9%), from €1,925 to €4,445
- Other debts +€220,443
up €220,443 (+4920.6%), from €4,480 to €224,923
- Profit (loss) carried forward -€9,619
down €9,619 (-207.0%), from -€4,648 to -€14,266
- Financial charges +€4,977
up €4,977 (+21944.1%), from €23 to €5,000
- Depreciation -€1,500
no longer reported in 2025 (was €1,500)
- Other operating charges +€863
up €863 (+211.7%), from €408 to €1,271
- Gross operating margin -€631
down €631 (-23.2%), from -€2,717 to -€3,348
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 | €3,055 | €215,272 | +€212,216 | +6946.4% |
| Current assets | 29/58 | €3,055 | €215,272 | +€212,216 | +6946.4% |
| Stocks and contracts in progress | 3 | - | €209,318 | +€209,318 | |
| Stocks | 30/36 | - | €209,318 | +€209,318 | |
| Amounts receivable within one year | 40/41 | €1,925 | €4,445 | +€2,520 | +130.9% |
| Other amounts receivable | 41 | €1,925 | €4,445 | +€2,520 | +130.9% |
| Cash at bank and in hand | 54/58 | €1,130 | €1,509 | +€379 | +33.5% |
| Total equity and liabilities | 10/49 | €3,055 | €215,272 | +€212,216 | +6946.4% |
| Equity | 10/15 | -€3,648 | -€13,266 | -€9,619 | -263.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,648 | -€14,266 | -€9,619 | -207.0% |
| Amounts payable | 17/49 | €6,703 | €228,538 | +€221,835 | +3309.7% |
| Amounts payable within one year | 42/48 | €6,703 | €228,538 | +€221,835 | +3309.7% |
| Trade debts | 44 | €2,223 | €3,614 | +€1,392 | +62.6% |
| Suppliers | 440/4 | €2,223 | €3,614 | +€1,392 | +62.6% |
| Other amounts payable | 47/48 | €4,480 | €224,923 | +€220,443 | +4920.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €408 | €1,271 | +€863 | +211.7% |
| Gross operating margin | 9900 | -€2,717 | -€3,348 | -€631 | -23.2% |
| Operating profit (loss) | 9901 | -€4,625 | -€4,619 | +€6 | +0.1% |
| Financial charges | 65/66B | €23 | €5,000 | +€4,977 | +21944.1% |
| Recurring financial charges | 65 | €23 | €5,000 | +€4,977 | +21944.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,648 | -€9,619 | -€4,971 | -107.0% |
| Profit (loss) for the period | 9904 | -€4,648 | -€9,619 | -€4,971 | -107.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,648 | -€9,619 | -€4,971 | -107.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.