IMOXEL: 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.
IMOXEL
Largest movements
- Tangible fixed assets -€16,616
down €16,616 (-13.9%), from €119,940 to €103,325
of which Land and buildings: -€11,714
- Receivables within one year +€4,639
up €4,639 (+174.4%), from €2,661 to €7,300
of which Other amounts receivable: +€3,456
- Cash +€1,701
up €1,701 (+198.5%), from €857 to €2,557
mainly Depreciation (+€19,402)
- Profit (loss) carried forward -€6,686
down €6,686 (-10.0%), from -€67,032 to -€73,717
- Other debts -€3,369
down €3,369 (-12.4%), from €27,205 to €23,836
- Gross operating margin -€11,924
down €11,924 (-35.0%), from €34,108 to €22,184
- Other operating charges +€3,628
up €3,628 (+77.9%), from €4,655 to €8,283
- Depreciation +€1,766
up €1,766 (+10.0%), from €17,635 to €19,402
- Financial charges +€357
up €357 (+43.1%), from €828 to €1,185
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 | €129,490 | €119,410 | -€10,080 | -7.8% |
| Fixed assets | 21/28 | €119,940 | €103,325 | -€16,616 | -13.9% |
| Tangible fixed assets | 22/27 | €119,940 | €103,325 | -€16,616 | -13.9% |
| Land and buildings | 22 | €107,966 | €96,252 | -€11,714 | -10.8% |
| Plant, machinery and equipment | 23 | €9,567 | €5,625 | -€3,941 | -41.2% |
| Furniture and vehicles | 24 | €2,407 | €1,447 | -€960 | -39.9% |
| Current assets | 29/58 | €9,549 | €16,085 | +€6,536 | +68.4% |
| Amounts receivable within one year | 40/41 | €2,661 | €7,300 | +€4,639 | +174.4% |
| Trade receivables | 40 | €0 | €1,183 | +€1,183 | |
| Other amounts receivable | 41 | €2,661 | €6,117 | +€3,456 | +129.9% |
| Cash at bank and in hand | 54/58 | €857 | €2,557 | +€1,701 | +198.5% |
| Deferred charges and accrued income | 490/1 | €6,032 | €6,228 | +€196 | +3.3% |
| Total equity and liabilities | 10/49 | €129,490 | €119,410 | -€10,080 | -7.8% |
| Equity | 10/15 | €58,300 | €51,615 | -€6,686 | -11.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,385 | €1,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,385 | €1,385 | = | 0.0% |
| Legal reserve | 130 | €1,385 | €1,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,032 | -€73,717 | -€6,686 | -10.0% |
| Amounts payable | 17/49 | €71,189 | €67,795 | -€3,394 | -4.8% |
| Amounts payable after more than one year | 17 | €27,446 | €27,446 | = | 0.0% |
| Other amounts payable | 178/9 | €27,446 | €27,446 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,743 | €40,349 | -€3,394 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €13,455 | €13,455 | = | 0.0% |
| Trade debts | 44 | €3,083 | €3,058 | -€25 | -0.8% |
| Suppliers | 440/4 | €3,083 | €3,058 | -€25 | -0.8% |
| Other amounts payable | 47/48 | €27,205 | €23,836 | -€3,369 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,635 | €19,402 | +€1,766 | +10.0% |
| Other operating charges | 640/8 | €4,655 | €8,283 | +€3,628 | +77.9% |
| Gross operating margin | 9900 | €34,108 | €22,184 | -€11,924 | -35.0% |
| Operating profit (loss) | 9901 | €11,817 | -€5,501 | -€17,318 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €828 | €1,185 | +€357 | +43.1% |
| Recurring financial charges | 65 | €828 | €1,185 | +€357 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €10,989 | -€6,686 | -€17,675 | |
| Profit (loss) for the period | 9904 | €10,989 | -€6,686 | -€17,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,989 | -€6,686 | -€17,675 |
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.