Imocos: 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.
Imocos
Largest movements
- Tangible fixed assets +€377,310
up €377,310 (+54.4%), from €693,795 to €1.1m
of which Land and buildings: +€375,838
- Receivables within one year +€91,693
up €91,693 (+34.0%), from €269,810 to €361,502
of which Other amounts receivable: +€72,257
- Cash -€48,404
down €48,404 (-95.3%), from €50,813 to €2,409
mainly Investment in fixed assets (net) (-€466,486) and Net result for the year (-€95,459)
- Debts after one year +€352,749
up €352,749 (+54.5%), from €647,251 to €1.0m
- Profit (loss) carried forward -€95,459
down €95,459 (-62.8%), from -€151,888 to -€247,347
- Other debts +€79,002
up €79,002 (+117.0%), from €67,506 to €146,508
- Advances received +€50,100
new in 2025: €50,100
- Trade debts +€39,929
up €39,929 (+74.9%), from €53,295 to €93,224
- Gross operating margin +€76,379
up €76,379, from -€30,744 to €45,634
- Depreciation +€53,175
up €53,175 (+146.0%), from €36,409 to €89,584
- Financial charges +€18,428
up €18,428 (+77.9%), from €23,657 to €42,086
- Other operating charges +€1,333
up €1,333 (+12.9%), from €10,310 to €11,643
- Financial income +€680
up €680 (+44.1%), from €1,540 to €2,219
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 | €1,015,914 | €1,437,742 | +€421,828 | +41.5% |
| Fixed assets | 21/28 | €695,291 | €1,072,193 | +€376,902 | +54.2% |
| Intangible fixed assets | 21 | €1,496 | €1,088 | -€408 | -27.3% |
| Tangible fixed assets | 22/27 | €693,795 | €1,071,105 | +€377,310 | +54.4% |
| Land and buildings | 22 | €673,826 | €1,049,664 | +€375,838 | +55.8% |
| Furniture and vehicles | 24 | €19,969 | €21,441 | +€1,472 | +7.4% |
| Current assets | 29/58 | €320,623 | €365,549 | +€44,926 | +14.0% |
| Amounts receivable within one year | 40/41 | €269,810 | €361,502 | +€91,693 | +34.0% |
| Trade receivables | 40 | €18,912 | €38,348 | +€19,436 | +102.8% |
| Other amounts receivable | 41 | €250,898 | €323,155 | +€72,257 | +28.8% |
| Cash at bank and in hand | 54/58 | €50,813 | €2,409 | -€48,404 | -95.3% |
| Deferred charges and accrued income | 490/1 | - | €1,637 | +€1,637 | |
| Total equity and liabilities | 10/49 | €1,015,914 | €1,437,742 | +€421,828 | +41.5% |
| Equity | 10/15 | €244,666 | €147,910 | -€96,756 | -39.5% |
| Contributions | 10/11 | €378,286 | €378,286 | = | 0.0% |
| Capital | 10 | €378,286 | €378,286 | = | 0.0% |
| Issued capital | 100 | €378,286 | €378,286 | = | 0.0% |
| Reserves | 13 | €6,594 | €6,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,594 | €6,594 | = | 0.0% |
| Legal reserve | 130 | €6,594 | €6,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,888 | -€247,347 | -€95,459 | -62.8% |
| Investment grants | 15 | €11,674 | €10,377 | -€1,297 | -11.1% |
| Amounts payable | 17/49 | €771,248 | €1,289,832 | +€518,584 | +67.2% |
| Amounts payable after more than one year | 17 | €647,251 | €1,000,000 | +€352,749 | +54.5% |
| Financial debts | 170/4 | €647,251 | €1,000,000 | +€352,749 | +54.5% |
| Amounts payable within one year | 42/48 | €123,997 | €289,832 | +€165,836 | +133.7% |
| Trade debts | 44 | €53,295 | €93,224 | +€39,929 | +74.9% |
| Suppliers | 440/4 | €53,295 | €93,224 | +€39,929 | +74.9% |
| Advances received on contracts in progress | 46 | - | €50,100 | +€50,100 | |
| Taxes, remuneration and social security | 45 | €3,195 | - | -€3,195 | |
| Taxes | 450/3 | €3,195 | - | -€3,195 | |
| Other amounts payable | 47/48 | €67,506 | €146,508 | +€79,002 | +117.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,409 | €89,584 | +€53,175 | +146.0% |
| Other operating charges | 640/8 | €10,310 | €11,643 | +€1,333 | +12.9% |
| Gross operating margin | 9900 | -€30,744 | €45,634 | +€76,379 | |
| Operating profit (loss) | 9901 | -€77,463 | -€55,593 | +€21,871 | +28.2% |
| Financial income | 75/76B | €1,540 | €2,219 | +€680 | +44.1% |
| Recurring financial income | 75 | €1,540 | €2,219 | +€680 | +44.1% |
| Financial charges | 65/66B | €23,657 | €42,086 | +€18,428 | +77.9% |
| Recurring financial charges | 65 | €23,657 | €42,086 | +€18,428 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | -€99,581 | -€95,459 | +€4,122 | +4.1% |
| Profit (loss) for the period | 9904 | -€99,581 | -€95,459 | +€4,122 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,581 | -€95,459 | +€4,122 | +4.1% |
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 9 October 2026 via checked.be.