IMOTEP: 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.
IMOTEP
Largest movements
- Receivables within one year +€15,643
up €15,643 (+98.5%), from €15,885 to €31,528
of which Trade receivables: +€12,469
- Tangible fixed assets -€1,785
down €1,785 (-13.2%), from €13,490 to €11,705
- Trade debts +€79,912
up €79,912 (+3,056%), from €2,615 to €82,527
- Profit (loss) carried forward -€63,507
down €63,507 (-68.2%), from -€93,163 to -€156,671
- Short-term financial debts -€6,644
down €6,644 (-66.2%), from €10,038 to €3,394
of which Credit institutions: -€6,627
- Other debts +€4,242
up €4,242 (+6.1%), from €69,619 to €73,862
- Gross operating margin -€57,830
down €57,830 (-2,230%), from -€2,593 to -€60,423
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,375 | €43,233 | +€13,858 | +47.2% |
| Fixed assets | 21/28 | €13,490 | €11,705 | -€1,785 | -13.2% |
| Tangible fixed assets | 22/27 | €13,490 | €11,705 | -€1,785 | -13.2% |
| Plant, machinery and equipment | 23 | €13,490 | €11,705 | -€1,785 | -13.2% |
| Current assets | 29/58 | €15,885 | €31,528 | +€15,643 | +98.5% |
| Amounts receivable within one year | 40/41 | €15,885 | €31,528 | +€15,643 | +98.5% |
| Trade receivables | 40 | €0 | €12,469 | +€12,469 | |
| Other amounts receivable | 41 | €15,885 | €19,059 | +€3,174 | +20.0% |
| Total equity and liabilities | 10/49 | €29,375 | €43,233 | +€13,858 | +47.2% |
| Equity | 10/15 | -€83,163 | -€146,671 | -€63,507 | -76.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,163 | -€156,671 | -€63,507 | -68.2% |
| Amounts payable | 17/49 | €112,539 | €189,904 | +€77,365 | +68.7% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,273 | €159,782 | +€77,509 | +94.2% |
| Financial debts | 43 | €10,038 | €3,394 | -€6,644 | -66.2% |
| Credit institutions | 430/8 | €10,021 | €3,394 | -€6,627 | -66.1% |
| Other loans | 439 | €17 | €0 | -€17 | -100% |
| Trade debts | 44 | €2,615 | €82,527 | +€79,912 | +3,056% |
| Suppliers | 440/4 | €2,615 | €82,527 | +€79,912 | +3,056% |
| Other amounts payable | 47/48 | €69,619 | €73,862 | +€4,242 | +6.1% |
| Accrued charges and deferred income | 492/3 | €266 | €122 | -€144 | -54.3% |
| Non-recurring operating income | 76A | €6,100 | €0 | -€6,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,785 | €1,785 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €126 | +€126 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,593 | -€60,423 | -€57,830 | -2,230% |
| Operating profit (loss) | 9901 | -€4,378 | -€62,334 | -€57,956 | -1,324% |
| Financial charges | 65/66B | €1,140 | €1,173 | +€33 | +2.9% |
| Recurring financial charges | 65 | €1,140 | €1,173 | +€33 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,518 | -€63,507 | -€57,989 | -1,051% |
| Profit (loss) for the period | 9904 | -€5,518 | -€63,507 | -€57,989 | -1,051% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,518 | -€63,507 | -€57,989 | -1,051% |
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 15 October 2026 via checked.be.