IMOTEP: 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.
IMOTEP
Largest movements
- Cash -€6,207
down €6,207 (-52.7%), from €11,780 to €5,573
mainly Net result for the year (-€12,443) and Investment in fixed assets (net) (-€8,494)
- Receivables within one year -€5,883
down €5,883 (-66.6%), from €8,833 to €2,951
of which Trade receivables: -€5,801
- Tangible fixed assets +€4,691
up €4,691 (+108.1%), from €4,340 to €9,031
of which Furniture and vehicles: +€5,181
- Profit (loss) carried forward -€12,443
down €12,443, from €3,716 to -€8,727
- Debts after one year +€4,100
new in 2025: €4,100
- Current portion of long-term debt +€2,622
new in 2025: €2,622
- Tax, wage and social debts -€1,581
down €1,581 (-58.2%), from €2,717 to €1,136
- Other debts -€833
no longer reported in 2025 (was €833)
- Gross operating margin -€13,111
down €13,111, from €5,621 to -€7,491
- Depreciation +€1,807
up €1,807 (+90.5%), from €1,996 to €3,803
- Taxes -€658
down €658 (-64.8%), from €1,016 to €358
- Write-downs -€390
no longer reported in 2025 (was €390)
- Financial charges +€123
up €123 (+56.0%), from €219 to €342
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 | €26,665 | €19,317 | -€7,349 | -27.6% |
| Fixed assets | 21/28 | €4,340 | €9,031 | +€4,691 | +108.1% |
| Tangible fixed assets | 22/27 | €4,340 | €9,031 | +€4,691 | +108.1% |
| Plant, machinery and equipment | 23 | €843 | €353 | -€490 | -58.1% |
| Furniture and vehicles | 24 | €3,497 | €8,678 | +€5,181 | +148.2% |
| Current assets | 29/58 | €22,326 | €10,286 | -€12,040 | -53.9% |
| Amounts receivable within one year | 40/41 | €8,833 | €2,951 | -€5,883 | -66.6% |
| Trade receivables | 40 | €8,752 | €2,951 | -€5,801 | -66.3% |
| Other amounts receivable | 41 | €82 | - | -€82 | |
| Cash at bank and in hand | 54/58 | €11,780 | €5,573 | -€6,207 | -52.7% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,762 | +€49 | +2.9% |
| Total equity and liabilities | 10/49 | €26,665 | €19,317 | -€7,349 | -27.6% |
| Equity | 10/15 | €22,308 | €9,865 | -€12,443 | -55.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,716 | -€8,727 | -€12,443 | |
| Amounts payable | 17/49 | €4,358 | €9,452 | +€5,094 | +116.9% |
| Amounts payable after more than one year | 17 | - | €4,100 | +€4,100 | |
| Financial debts | 170/4 | - | €4,100 | +€4,100 | |
| Amounts payable within one year | 42/48 | €4,358 | €5,352 | +€995 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,622 | +€2,622 | |
| Trade debts | 44 | €807 | €1,594 | +€787 | +97.5% |
| Suppliers | 440/4 | €807 | €1,594 | +€787 | +97.5% |
| Taxes, remuneration and social security | 45 | €2,717 | €1,136 | -€1,581 | -58.2% |
| Taxes | 450/3 | €2,717 | €1,136 | -€1,581 | -58.2% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €3,803 | +€1,807 | +90.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €390 | - | -€390 | |
| Other operating charges | 640/8 | €387 | €450 | +€62 | +16.1% |
| Non-recurring operating charges | 66A | €42 | - | -€42 | |
| Gross operating margin | 9900 | €5,621 | -€7,491 | -€13,111 | |
| Operating profit (loss) | 9901 | €2,805 | -€11,743 | -€14,548 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €219 | €342 | +€123 | +56.0% |
| Recurring financial charges | 65 | €219 | €342 | +€123 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €2,586 | -€12,085 | -€14,671 | |
| Income taxes | 67/77 | €1,016 | €358 | -€658 | -64.8% |
| Profit (loss) for the period | 9904 | €1,570 | -€12,443 | -€14,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,570 | -€12,443 | -€14,013 |
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 5 October 2026 via checked.be.