IMPLECON: 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.
IMPLECON
Largest movements
- Cash +€40,639
up €40,639 (+18.9%), from €214,895 to €255,535
mainly Net result for the year (+€66,038) and Depreciation (+€20,865)
- Tangible fixed assets -€19,491
down €19,491 (-19.7%), from €98,774 to €79,282
of which Furniture and vehicles: -€12,210
- Receivables within one year -€5,459
down €5,459 (-15.2%), from €35,929 to €30,470
of which Trade receivables: -€5,406
- Reserves +€9,540
up €9,540 (+2.2%), from €425,857 to €435,398
- Gross operating margin +€5,183
up €5,183 (+4.9%), from €104,911 to €110,095
- Taxes +€1,528
up €1,528 (+6.2%), from €24,529 to €26,057
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 | €455,089 | €470,134 | +€15,044 | +3.3% |
| Fixed assets | 21/28 | €98,774 | €79,282 | -€19,491 | -19.7% |
| Tangible fixed assets | 22/27 | €98,774 | €79,282 | -€19,491 | -19.7% |
| Land and buildings | 22 | €49,903 | €42,600 | -€7,303 | -14.6% |
| Plant, machinery and equipment | 23 | €2,103 | €2,126 | +€23 | +1.1% |
| Furniture and vehicles | 24 | €46,767 | €34,557 | -€12,210 | -26.1% |
| Current assets | 29/58 | €356,316 | €390,852 | +€34,536 | +9.7% |
| Stocks and contracts in progress | 3 | €905 | €111 | -€794 | -87.7% |
| Stocks | 30/36 | €905 | €111 | -€794 | -87.7% |
| Amounts receivable within one year | 40/41 | €35,929 | €30,470 | -€5,459 | -15.2% |
| Trade receivables | 40 | €34,145 | €28,739 | -€5,406 | -15.8% |
| Other amounts receivable | 41 | €1,783 | €1,731 | -€53 | -2.9% |
| Current investments | 50/53 | €102,666 | €102,666 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,895 | €255,535 | +€40,639 | +18.9% |
| Deferred charges and accrued income | 490/1 | €1,922 | €2,070 | +€148 | +7.7% |
| Total equity and liabilities | 10/49 | €455,089 | €470,134 | +€15,044 | +3.3% |
| Equity | 10/15 | €444,457 | €453,998 | +€9,540 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €425,857 | €435,398 | +€9,540 | +2.2% |
| Distributable reserves | 133 | €425,857 | €435,398 | +€9,540 | +2.2% |
| Amounts payable | 17/49 | €10,632 | €16,136 | +€5,504 | +51.8% |
| Amounts payable within one year | 42/48 | €9,566 | €15,069 | +€5,503 | +57.5% |
| Trade debts | 44 | - | €504 | +€504 | |
| Suppliers | 440/4 | - | €504 | +€504 | |
| Taxes, remuneration and social security | 45 | €4,566 | €5,493 | +€927 | +20.3% |
| Taxes | 450/3 | €4,566 | €5,493 | +€927 | +20.3% |
| Other amounts payable | 47/48 | €5,000 | €9,073 | +€4,072 | +81.4% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,067 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,588 | €20,865 | -€723 | -3.3% |
| Other operating charges | 640/8 | €1,097 | €1,761 | +€664 | +60.5% |
| Gross operating margin | 9900 | €104,911 | €110,095 | +€5,183 | +4.9% |
| Operating profit (loss) | 9901 | €82,226 | €87,469 | +€5,243 | +6.4% |
| Financial income | 75/76B | €4,220 | €5,096 | +€875 | +20.7% |
| Recurring financial income | 75 | €4,220 | €5,096 | +€875 | +20.7% |
| Financial charges | 65/66B | €479 | €470 | -€9 | -1.8% |
| Recurring financial charges | 65 | €479 | €470 | -€9 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €85,968 | €92,095 | +€6,127 | +7.1% |
| Income taxes | 67/77 | €24,529 | €26,057 | +€1,528 | +6.2% |
| Profit (loss) for the period | 9904 | €61,439 | €66,038 | +€4,599 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,439 | €66,038 | +€4,599 | +7.5% |
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 29 September 2026 via checked.be.