IMTEC: 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.
IMTEC
Largest movements
- Stocks and contracts -€341,178
down €341,178 (-36.0%), from €948,197 to €607,020
- Receivables within one year -€299,547
down €299,547 (-21.7%), from €1.4m to €1.1m
of which Other amounts receivable: -€211,763
- Tangible fixed assets +€101,731
up €101,731 (+10.7%), from €953,306 to €1.1m
of which Plant, machinery and equipment: +€70,582
- Cash -€88,421
down €88,421 (-28.6%), from €308,839 to €220,418
mainly Trade debts (-€939,148) and Investment in fixed assets (net) (-€534,522)
- Trade debts -€939,148
down €939,148 (-64.3%), from €1.5m to €521,346
- Contributions +€500,000
up €500,000 (+29.4%), from €1.7m to €2.2m
- Other debts -€450,000
down €450,000 (-100.0%), from €450,000 to €0
- Debts after one year +€398,590
up €398,590 (+46.6%), from €855,849 to €1.3m
- Short-term financial debts -€125,000
down €125,000 (-25.0%), from €500,000 to €375,000
- Gross operating margin +€323,741
up €323,741 (+34.1%), from €948,513 to €1.3m
- Staff costs +€86,278
up €86,278 (+12.3%), from €701,750 to €788,027
- Financial income -€54,194
down €54,194 (-78.6%), from €68,980 to €14,785
of which Non-recurring financial income: -€60,000
- Depreciation +€46,124
up €46,124 (+11.9%), from €386,592 to €432,716
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 | €5,202,723 | €4,575,384 | -€627,339 | -12.1% |
| Fixed assets | 21/28 | €2,563,684 | €2,665,490 | +€101,806 | +4.0% |
| Tangible fixed assets | 22/27 | €953,306 | €1,055,037 | +€101,731 | +10.7% |
| Plant, machinery and equipment | 23 | €928,164 | €998,746 | +€70,582 | +7.6% |
| Furniture and vehicles | 24 | €25,142 | €56,292 | +€31,150 | +123.9% |
| Financial fixed assets | 28 | €1,610,378 | €1,610,453 | +€75 | 0.0% |
| Current assets | 29/58 | €2,639,039 | €1,909,894 | -€729,145 | -27.6% |
| Stocks and contracts in progress | 3 | €948,197 | €607,020 | -€341,178 | -36.0% |
| Stocks | 30/36 | €948,197 | €607,020 | -€341,178 | -36.0% |
| Amounts receivable within one year | 40/41 | €1,382,003 | €1,082,456 | -€299,547 | -21.7% |
| Trade receivables | 40 | €569,503 | €481,719 | -€87,784 | -15.4% |
| Other amounts receivable | 41 | €812,500 | €600,737 | -€211,763 | -26.1% |
| Cash at bank and in hand | 54/58 | €308,839 | €220,418 | -€88,421 | -28.6% |
| Total equity and liabilities | 10/49 | €5,202,723 | €4,575,384 | -€627,339 | -12.1% |
| Equity | 10/15 | €1,588,747 | €2,065,777 | +€477,030 | +30.0% |
| Contributions | 10/11 | €1,700,000 | €2,200,000 | +€500,000 | +29.4% |
| Capital | 10 | €1,700,000 | €2,200,000 | +€500,000 | +29.4% |
| Issued capital | 100 | €1,700,000 | €2,200,000 | +€500,000 | +29.4% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€128,253 | -€151,223 | -€22,970 | -17.9% |
| Amounts payable | 17/49 | €3,613,976 | €2,509,607 | -€1.1m | -30.6% |
| Amounts payable after more than one year | 17 | €855,849 | €1,254,438 | +€398,590 | +46.6% |
| Financial debts | 170/4 | €855,849 | €1,254,438 | +€398,590 | +46.6% |
| Amounts payable within one year | 42/48 | €2,757,041 | €1,254,082 | -€1.5m | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €256,871 | €272,960 | +€16,089 | +6.3% |
| Financial debts | 43 | €500,000 | €375,000 | -€125,000 | -25.0% |
| Credit institutions | 430/8 | €500,000 | €375,000 | -€125,000 | -25.0% |
| Trade debts | 44 | €1,460,495 | €521,346 | -€939,148 | -64.3% |
| Suppliers | 440/4 | €1,460,495 | €521,346 | -€939,148 | -64.3% |
| Taxes, remuneration and social security | 45 | €89,675 | €84,776 | -€4,899 | -5.5% |
| Taxes | 450/3 | €6,399 | €635 | -€5,763 | -90.1% |
| Remuneration and social security | 454/9 | €83,276 | €84,141 | +€864 | +1.0% |
| Other amounts payable | 47/48 | €450,000 | €0 | -€450,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,087 | €1,087 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €701,750 | €788,027 | +€86,278 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386,592 | €432,716 | +€46,124 | +11.9% |
| Other operating charges | 640/8 | €2,011 | €6,904 | +€4,893 | +243.3% |
| Non-recurring operating charges | 66A | - | €6,167 | +€6,167 | |
| Gross operating margin | 9900 | €948,513 | €1,272,253 | +€323,741 | +34.1% |
| Operating profit (loss) | 9901 | -€141,840 | €38,439 | +€180,280 | |
| Financial income | 75/76B | €68,980 | €14,785 | -€54,194 | -78.6% |
| Recurring financial income | 75 | €8,980 | €14,785 | +€5,806 | +64.7% |
| Non-recurring financial income | 76B | €60,000 | €0 | -€60,000 | -100.0% |
| Financial charges | 65/66B | €69,739 | €75,374 | +€5,636 | +8.1% |
| Recurring financial charges | 65 | €69,739 | €75,374 | +€5,636 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€142,599 | -€22,150 | +€120,449 | +84.5% |
| Income taxes | 67/77 | €802 | €820 | +€18 | +2.3% |
| Profit (loss) for the period | 9904 | -€143,401 | -€22,970 | +€120,431 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,401 | -€22,970 | +€120,431 | +84.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.