IMVANTEX: 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.
IMVANTEX
Largest movements
- Receivables within one year -€23,682
down €23,682 (-67.4%), from €35,140 to €11,458
of which Trade receivables: -€22,782
- Cash +€7,027
up €7,027 (+6.5%), from €107,511 to €114,538
mainly Net result for the year (+€116,720) and Receivables within one year (+€23,682)
- Trade debts -€30,657
down €30,657 (-75.1%), from €40,804 to €10,147
- Reserves +€16,720
up €16,720 (+24.8%), from €67,337 to €84,057
of which Distributable reserves: +€16,720
- Other debts -€6,971
down €6,971 (-6.5%), from €106,992 to €100,021
- Gross operating margin +€7,338
up €7,338 (+4.1%), from €177,351 to €184,689
- Depreciation +€3,320
up €3,320 (+338%), from €981 to €4,301
- Financial income -€1,980
down €1,980 (-41.6%), from €4,761 to €2,781
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.
Derived cash bridge
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 | €575,134 | €554,225 | -€20,909 | -3.6% |
| Fixed assets | 21/28 | €282,272 | €277,971 | -€4,301 | -1.5% |
| Tangible fixed assets | 22/27 | €282,272 | €277,971 | -€4,301 | -1.5% |
| Land and buildings | 22 | €279,490 | €275,984 | -€3,507 | -1.3% |
| Plant, machinery and equipment | 23 | €2,782 | €1,987 | -€795 | -28.6% |
| Current assets | 29/58 | €292,862 | €276,254 | -€16,607 | -5.7% |
| Amounts receivable within one year | 40/41 | €35,140 | €11,458 | -€23,682 | -67.4% |
| Trade receivables | 40 | €32,340 | €9,558 | -€22,782 | -70.4% |
| Other amounts receivable | 41 | €2,800 | €1,900 | -€900 | -32.1% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,511 | €114,538 | +€7,027 | +6.5% |
| Deferred charges and accrued income | 490/1 | €210 | €258 | +€48 | +22.8% |
| Total equity and liabilities | 10/49 | €575,134 | €554,225 | -€20,909 | -3.6% |
| Equity | 10/15 | €427,337 | €444,057 | +€16,720 | +3.9% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €67,337 | €84,057 | +€16,720 | +24.8% |
| Non-distributable reserves | 130/1 | €36,000 | €36,000 | = | 0.0% |
| Legal reserve | 130 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €31,337 | €48,057 | +€16,720 | +53.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,797 | €110,168 | -€37,629 | -25.5% |
| Amounts payable within one year | 42/48 | €147,797 | €110,168 | -€37,629 | -25.5% |
| Trade debts | 44 | €40,804 | €10,147 | -€30,657 | -75.1% |
| Suppliers | 440/4 | €40,804 | €10,147 | -€30,657 | -75.1% |
| Other amounts payable | 47/48 | €106,992 | €100,021 | -€6,971 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | €4,301 | +€3,320 | +338% |
| Other operating charges | 640/8 | €26,959 | €27,574 | +€615 | +2.3% |
| Gross operating margin | 9900 | €177,351 | €184,689 | +€7,338 | +4.1% |
| Operating profit (loss) | 9901 | €149,411 | €152,813 | +€3,403 | +2.3% |
| Financial income | 75/76B | €4,761 | €2,781 | -€1,980 | -41.6% |
| Recurring financial income | 75 | €4,761 | €2,781 | -€1,980 | -41.6% |
| Financial charges | 65/66B | €29 | €30 | +€1 | +3.7% |
| Recurring financial charges | 65 | €29 | €30 | +€1 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €154,143 | €155,564 | +€1,421 | +0.9% |
| Income taxes | 67/77 | €38,628 | €38,844 | +€216 | +0.6% |
| Profit (loss) for the period | 9904 | €115,515 | €116,720 | +€1,206 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,515 | €116,720 | +€1,206 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.