Imotex: 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.
Imotex
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+124.3%), from €987,786 to €2.2m
- Tangible fixed assets -€529,911
down €529,911 (-88.4%), from €599,650 to €69,739
of which Assets under construction and advance payments: -€529,911
- Receivables within one year +€341,416
up €341,416 (+530.7%), from €64,337 to €405,753
of which Other amounts receivable: +€275,802
- Cash +€37,473
up €37,473 (+300.1%), from €12,485 to €49,958
mainly Short-term financial debts (+€2.1m) and Investment in fixed assets (net) (+€529,911)
- Short-term financial debts +€2.1m
new in 2024: €2.1m
- Debts after one year -€897,816
down €897,816 (-58.1%), from €1.5m to €647,881
- Profit (loss) carried forward -€188,223
down €188,223 (-281.2%), from -€66,945 to -€255,168
- Other debts +€72,398
up €72,398 (+27.9%), from €259,865 to €332,263
- Current portion of long-term debt +€50,000
new in 2024: €50,000
- Financial charges +€92,157
up €92,157 (+812.4%), from €11,343 to €103,500
- Gross operating margin -€70,665
down €70,665 (-440.7%), from -€16,036 to -€86,701
- Other operating charges -€3,854
no longer reported in 2024 (was €3,854)
- Taxes +€1,156
new in 2024: €1,156
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,035,195 | €3,112,121 | +€1.1m | +52.9% |
| Fixed assets | 21/28 | €970,348 | €440,437 | -€529,911 | -54.6% |
| Tangible fixed assets | 22/27 | €599,650 | €69,739 | -€529,911 | -88.4% |
| Land and buildings | 22 | €69,739 | €69,739 | = | 0.0% |
| Assets under construction and advance payments | 27 | €529,911 | - | -€529,911 | |
| Financial fixed assets | 28 | €370,699 | €370,699 | = | 0.0% |
| Current assets | 29/58 | €1,064,847 | €2,671,684 | +€1.6m | +150.9% |
| Stocks and contracts in progress | 3 | €987,786 | €2,215,736 | +€1.2m | +124.3% |
| Stocks | 30/36 | €987,786 | €2,215,736 | +€1.2m | +124.3% |
| Amounts receivable within one year | 40/41 | €64,337 | €405,753 | +€341,416 | +530.7% |
| Trade receivables | 40 | - | €65,614 | +€65,614 | |
| Other amounts receivable | 41 | €64,337 | €340,139 | +€275,802 | +428.7% |
| Cash at bank and in hand | 54/58 | €12,485 | €49,958 | +€37,473 | +300.1% |
| Deferred charges and accrued income | 490/1 | €238 | €238 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,035,195 | €3,112,121 | +€1.1m | +52.9% |
| Equity | 10/15 | €205,242 | €17,019 | -€188,223 | -91.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Revaluation surpluses | 12 | €44,730 | €44,730 | = | 0.0% |
| Reserves | 13 | €207,626 | €207,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €205,643 | €205,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,945 | -€255,168 | -€188,223 | -281.2% |
| Amounts payable | 17/49 | €1,829,952 | €3,095,102 | +€1.3m | +69.1% |
| Amounts payable after more than one year | 17 | €1,545,697 | €647,881 | -€897,816 | -58.1% |
| Financial debts | 170/4 | €1,545,697 | €647,881 | -€897,816 | -58.1% |
| Amounts payable within one year | 42/48 | €280,418 | €2,447,221 | +€2.2m | +772.7% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | - | €2,056,739 | +€2.1m | |
| Credit institutions | 430/8 | - | €2,056,739 | +€2.1m | |
| Trade debts | 44 | €20,553 | €8,219 | -€12,334 | -60.0% |
| Suppliers | 440/4 | €20,553 | €8,219 | -€12,334 | -60.0% |
| Other amounts payable | 47/48 | €259,865 | €332,263 | +€72,398 | +27.9% |
| Accrued charges and deferred income | 492/3 | €3,837 | - | -€3,837 | |
| Other operating charges | 640/8 | €3,854 | - | -€3,854 | |
| Operating charges capitalised as restructuring costs | 649 | - | -€3,134 | -€3,134 | |
| Gross operating margin | 9900 | -€16,036 | -€86,701 | -€70,665 | -440.7% |
| Operating profit (loss) | 9901 | -€19,889 | -€83,567 | -€63,677 | -320.2% |
| Financial charges | 65/66B | €11,343 | €103,500 | +€92,157 | +812.4% |
| Recurring financial charges | 65 | €11,343 | €103,500 | +€92,157 | +812.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,233 | -€187,067 | -€155,834 | -498.9% |
| Income taxes | 67/77 | - | €1,156 | +€1,156 | |
| Profit (loss) for the period | 9904 | -€31,233 | -€188,223 | -€156,991 | -502.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,233 | -€188,223 | -€156,991 | -502.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.