IMWESCO: 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.
IMWESCO
Largest movements
- Tangible fixed assets -€408,920
down €408,920 (-5.9%), from €6.9m to €6.5m
of which Land and buildings: -€398,331
- Cash +€120,110
up €120,110 (+746.1%), from €16,099 to €136,209
mainly Depreciation (+€425,334) and Net result for the year (+€268,211)
- Receivables within one year -€110,584
down €110,584 (-52.8%), from €209,280 to €98,695
of which Other amounts receivable: -€76,064
- Debts after one year -€644,912
down €644,912 (-14.8%), from €4.4m to €3.7m
- Reserves +€268,211
up €268,211 (+31.0%), from €866,110 to €1.1m
- Gross operating margin -€781,825
down €781,825 (-48.3%), from €1.6m to €836,565
- Taxes -€188,779
down €188,779 (-67.7%), from €278,698 to €89,919
- Financial charges -€33,309
down €33,309 (-43.6%), from €76,440 to €43,131
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 | €7,135,770 | €6,738,256 | -€397,514 | -5.6% |
| Fixed assets | 21/28 | €6,895,721 | €6,486,800 | -€408,920 | -5.9% |
| Tangible fixed assets | 22/27 | €6,895,721 | €6,486,800 | -€408,920 | -5.9% |
| Land and buildings | 22 | €6,859,253 | €6,460,922 | -€398,331 | -5.8% |
| Furniture and vehicles | 24 | €36,468 | €25,878 | -€10,589 | -29.0% |
| Current assets | 29/58 | €240,049 | €251,456 | +€11,407 | +4.8% |
| Amounts receivable within one year | 40/41 | €209,280 | €98,695 | -€110,584 | -52.8% |
| Trade receivables | 40 | €42,971 | €8,451 | -€34,520 | -80.3% |
| Other amounts receivable | 41 | €166,309 | €90,244 | -€76,064 | -45.7% |
| Cash at bank and in hand | 54/58 | €16,099 | €136,209 | +€120,110 | +746.1% |
| Deferred charges and accrued income | 490/1 | €14,671 | €16,552 | +€1,881 | +12.8% |
| Total equity and liabilities | 10/49 | €7,135,770 | €6,738,256 | -€397,514 | -5.6% |
| Equity | 10/15 | €2,366,110 | €2,634,321 | +€268,211 | +11.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €866,110 | €1,134,321 | +€268,211 | +31.0% |
| Distributable reserves | 133 | €866,110 | €1,134,321 | +€268,211 | +31.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,769,660 | €4,103,935 | -€665,725 | -14.0% |
| Amounts payable after more than one year | 17 | €4,367,576 | €3,722,665 | -€644,912 | -14.8% |
| Financial debts | 170/4 | €4,367,576 | €3,722,665 | -€644,912 | -14.8% |
| Amounts payable within one year | 42/48 | €367,742 | €354,670 | -€13,073 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €341,780 | €344,912 | +€3,132 | +0.9% |
| Trade debts | 44 | €24,384 | €9,758 | -€14,625 | -60.0% |
| Suppliers | 440/4 | €24,384 | €9,758 | -€14,625 | -60.0% |
| Taxes, remuneration and social security | 45 | €1,579 | €0 | -€1,579 | -100.0% |
| Taxes | 450/3 | €1,579 | €0 | -€1,579 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €34,341 | €26,601 | -€7,741 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421,603 | €425,334 | +€3,731 | +0.9% |
| Other operating charges | 640/8 | €9,918 | €10,157 | +€238 | +2.4% |
| Gross operating margin | 9900 | €1,618,390 | €836,565 | -€781,825 | -48.3% |
| Operating profit (loss) | 9901 | €1,186,868 | €401,074 | -€785,794 | -66.2% |
| Financial income | 75/76B | €0 | €188 | +€188 | |
| Recurring financial income | 75 | €0 | €188 | +€188 | |
| Financial charges | 65/66B | €76,440 | €43,131 | -€33,309 | -43.6% |
| Recurring financial charges | 65 | €76,440 | €43,131 | -€33,309 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €1,110,428 | €358,130 | -€752,298 | -67.7% |
| Income taxes | 67/77 | €278,698 | €89,919 | -€188,779 | -67.7% |
| Profit (loss) for the period | 9904 | €831,730 | €268,211 | -€563,519 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €831,730 | €268,211 | -€563,519 | -67.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.