X-IMCA: 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.
X-IMCA
Largest movements
- Cash +€6,832
up €6,832 (+33.9%), from €20,143 to €26,975
mainly Other debts (+€9,161) and Depreciation (+€1,628)
- Tangible fixed assets -€1,628
down €1,628 (-12.0%), from €13,598 to €11,970
of which Other tangible fixed assets: -€1,596
- Other debts +€9,161
up €9,161 (+11.9%), from €77,205 to €86,366
- Profit (loss) carried forward -€3,389
down €3,389 (-37.1%), from -€9,139 to -€12,528
- Gross operating margin -€28,172
down €28,172, from €27,554 to -€618
- Depreciation -€3,531
down €3,531 (-68.4%), from €5,159 to €1,628
- Other operating charges -€709
down €709 (-44.3%), from €1,599 to €890
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 | €96,345 | €102,185 | +€5,840 | +6.1% |
| Fixed assets | 21/28 | €13,598 | €11,970 | -€1,628 | -12.0% |
| Tangible fixed assets | 22/27 | €13,598 | €11,970 | -€1,628 | -12.0% |
| Furniture and vehicles | 24 | €32 | €0 | -€32 | -100.0% |
| Other tangible fixed assets | 26 | €13,566 | €11,970 | -€1,596 | -11.8% |
| Current assets | 29/58 | €82,747 | €90,215 | +€7,468 | +9.0% |
| Amounts receivable within one year | 40/41 | €62,604 | €63,240 | +€636 | +1.0% |
| Trade receivables | 40 | €35,572 | €36,208 | +€636 | +1.8% |
| Other amounts receivable | 41 | €27,032 | €27,032 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,143 | €26,975 | +€6,832 | +33.9% |
| Total equity and liabilities | 10/49 | €96,345 | €102,185 | +€5,840 | +6.1% |
| Equity | 10/15 | €11,321 | €7,932 | -€3,389 | -29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,139 | -€12,528 | -€3,389 | -37.1% |
| Amounts payable | 17/49 | €85,024 | €94,253 | +€9,229 | +10.9% |
| Amounts payable within one year | 42/48 | €85,024 | €94,253 | +€9,229 | +10.9% |
| Trade debts | 44 | €6,822 | €7,100 | +€278 | +4.1% |
| Suppliers | 440/4 | €6,822 | €7,100 | +€278 | +4.1% |
| Taxes, remuneration and social security | 45 | €997 | €787 | -€210 | -21.1% |
| Taxes | 450/3 | €997 | €787 | -€210 | -21.1% |
| Other amounts payable | 47/48 | €77,205 | €86,366 | +€9,161 | +11.9% |
| Non-recurring operating income | 76A | €5,491 | - | -€5,491 | |
| Remuneration, social security and pensions | 62 | €3 | €0 | -€3 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,159 | €1,628 | -€3,531 | -68.4% |
| Other operating charges | 640/8 | €1,599 | €890 | -€709 | -44.3% |
| Gross operating margin | 9900 | €27,554 | -€618 | -€28,172 | |
| Operating profit (loss) | 9901 | €20,793 | -€3,136 | -€23,929 | |
| Financial charges | 65/66B | €211 | €141 | -€70 | -33.2% |
| Recurring financial charges | 65 | €211 | €141 | -€70 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €20,582 | -€3,277 | -€23,859 | |
| Income taxes | 67/77 | - | €112 | +€112 | |
| Profit (loss) for the period | 9904 | €20,582 | -€3,389 | -€23,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,582 | -€3,389 | -€23,971 |
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 3 October 2026 via checked.be.