IMUCO: 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.
IMUCO
Largest movements
- Tangible fixed assets +€701,432
up €701,432 (+30.7%), from €2.3m to €3.0m
of which Other tangible fixed assets: +€709,752
- Receivables within one year +€700,000
new in 2024: €700,000
- Cash +€90,453
up €90,453 (+130.9%), from €69,120 to €159,572
mainly Other debts (+€800,100) and Trade debts (+€769,499)
- Other debts +€800,100
up €800,100 (+43.8%), from €1.8m to €2.6m
- Trade debts +€769,499
new in 2024: €769,499
- Profit (loss) carried forward -€72,255
down €72,255 (-132.0%), from -€54,725 to -€126,980
- Depreciation +€13,577
up €13,577 (+24.9%), from €54,444 to €68,021
- Gross operating margin -€1,440
down €1,440 (-18.9%), from -€7,611 to -€9,050
- Financial charges -€430
down €430 (-88.6%), from €485 to €55
- Financial income +€127
new in 2024: €127
- Other operating charges -€95
down €95 (-12.4%), from €772 to €676
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 | €2,350,435 | €3,842,320 | +€1.5m | +63.5% |
| Fixed assets | 21/28 | €2,281,315 | €2,982,748 | +€701,432 | +30.7% |
| Tangible fixed assets | 22/27 | €2,281,315 | €2,982,748 | +€701,432 | +30.7% |
| Land and buildings | 22 | €106,000 | €106,000 | = | 0.0% |
| Furniture and vehicles | 24 | €66,856 | €58,536 | -€8,320 | -12.4% |
| Other tangible fixed assets | 26 | €2,108,459 | €2,818,211 | +€709,752 | +33.7% |
| Current assets | 29/58 | €69,120 | €859,572 | +€790,453 | +1143.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | - | €700,000 | +€700,000 | |
| Trade receivables | 40 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €69,120 | €159,572 | +€90,453 | +130.9% |
| Total equity and liabilities | 10/49 | €2,350,435 | €3,842,320 | +€1.5m | +63.5% |
| Equity | 10/15 | €479,820 | €410,979 | -€68,841 | -14.3% |
| Contributions | 10/11 | €385,793 | €385,793 | = | 0.0% |
| Capital | 10 | €385,793 | €385,793 | = | 0.0% |
| Issued capital | 100 | €385,793 | €385,793 | = | 0.0% |
| Reserves | 13 | €148,752 | €152,166 | +€3,414 | +2.3% |
| Non-distributable reserves | 130/1 | €41,001 | €41,001 | = | 0.0% |
| Legal reserve | 130 | €38,392 | €38,392 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,609 | €2,609 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,751 | €111,165 | +€3,414 | +3.2% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€54,725 | -€126,980 | -€72,255 | -132.0% |
| Provisions and deferred taxes | 16 | €45,261 | €36,388 | -€8,873 | -19.6% |
| Deferred taxes | 168 | €45,261 | €36,388 | -€8,873 | -19.6% |
| Amounts payable | 17/49 | €1,825,354 | €3,394,953 | +€1.6m | +86.0% |
| Amounts payable within one year | 42/48 | €1,825,354 | €3,394,953 | +€1.6m | +86.0% |
| Trade debts | 44 | - | €769,499 | +€769,499 | |
| Suppliers | 440/4 | - | €769,499 | +€769,499 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,825,354 | €2,625,454 | +€800,100 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,444 | €68,021 | +€13,577 | +24.9% |
| Other operating charges | 640/8 | €772 | €676 | -€95 | -12.4% |
| Gross operating margin | 9900 | -€7,611 | -€9,050 | -€1,440 | -18.9% |
| Operating profit (loss) | 9901 | -€62,826 | -€77,748 | -€14,921 | -23.8% |
| Financial income | 75/76B | - | €127 | +€127 | |
| Recurring financial income | 75 | - | €127 | +€127 | |
| Financial charges | 65/66B | €485 | €55 | -€430 | -88.6% |
| Recurring financial charges | 65 | €485 | €55 | -€430 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | -€63,312 | -€77,676 | -€14,364 | -22.7% |
| Transfer from deferred taxes | 780 | €1,615 | €1,365 | -€250 | -15.5% |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | -€61,697 | -€76,349 | -€14,653 | -23.7% |
| Transfer from tax-exempt reserves | 789 | €3,844 | €4,094 | +€250 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,852 | -€72,255 | -€14,403 | -24.9% |
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 4 October 2026 via checked.be.