Imoca: what changed
What changed
Imoca
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€1.2m-€395,575
Equity
€4.0m
2024 · €5.6m-€1.6m
Cash
€3,453
2024 · €142+€3,311
Balance sheet total
€34.1m
2024 · €35.2m-€1.1m
Largest movements
Assets
- Financial fixed assets -€877,711
down €877,711 (-2.5%), from €34.5m to €33.6m
of which Affiliated companies: -€877,711
Equity and liabilities
- Profit (loss) carried forward -€1.6m
down €1.6m (-133%), from -€1.2m to -€2.8m
- Debts after one year +€485,477
up €485,477 (+1.7%), from €28.9m to €29.4m
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.2m
Other operating items
-€4,939
Financial income
-€43,910
Financial charges
-€346,726
Result 2025
-€1.6m
lowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.6m
Investment
+€1.1m
Financing
+€485,477
Cash 2024
€142
From operations (derived)
-€1.6m
Net result for the year
-€1.6m
Trade debts
+€6,111
Accrued charges and deferred income
+€16,844
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€1.1m
Financing
+€485,477
Debts after one year
+€485,477
Cash 2025
€3,453
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,154,983 | €34,060,780 | -€1.1m | -3.1% |
| Formation expenses | 20 | €677,169 | €457,366 | -€219,803 | -32.5% |
| Fixed assets | 21/28 | €34,477,672 | €33,599,961 | -€877,711 | -2.5% |
| Financial fixed assets | 28 | €34,477,672 | €33,599,961 | -€877,711 | -2.5% |
| Affiliated companies | 280/1 | €34,477,672 | €33,599,961 | -€877,711 | -2.5% |
| Participating interests | 280 | €17,978,204 | €17,978,204 | = | 0.0% |
| Amounts receivable | 281 | €16,499,468 | €15,621,757 | -€877,711 | -5.3% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Participating interests | 282 | €0 | - | = | |
| Current assets | 29/58 | €142 | €3,453 | +€3,311 | +2,325% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €142 | €3,453 | +€3,311 | +2,325% |
| Total equity and liabilities | 10/49 | €35,154,983 | €34,060,780 | -€1.1m | -3.1% |
| Equity | 10/15 | €5,583,544 | €3,980,909 | -€1.6m | -28.7% |
| Contributions | 10/11 | €6,790,604 | €6,790,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,207,060 | -€2,809,695 | -€1.6m | -133% |
| Amounts payable | 17/49 | €29,571,439 | €30,079,871 | +€508,432 | +1.7% |
| Amounts payable after more than one year | 17 | €28,886,480 | €29,371,957 | +€485,477 | +1.7% |
| Financial debts | 170/4 | €28,886,480 | €29,371,957 | +€485,477 | +1.7% |
| Other loans | 174 | €28,886,480 | €29,371,957 | +€485,477 | +1.7% |
| Amounts payable within one year | 42/48 | €0 | €6,111 | +€6,111 | |
| Trade debts | 44 | €0 | €6,111 | +€6,111 | |
| Suppliers | 440/4 | €0 | €6,111 | +€6,111 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €684,959 | €701,803 | +€16,844 | +2.5% |
| Operating charges | 60/66A | €3,850 | €8,790 | +€4,939 | +128% |
| Services and other goods | 61 | €3,850 | €8,790 | +€4,939 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | - | = | |
| Operating profit (loss) | 9901 | -€3,850 | -€8,790 | -€4,939 | -128% |
| Financial income | 75/76B | €1,631,199 | €1,587,289 | -€43,910 | -2.7% |
| Recurring financial income | 75 | €1,631,199 | €1,587,289 | -€43,910 | -2.7% |
| Income from financial fixed assets | 750 | €1,631,198 | €1,587,289 | -€43,909 | -2.7% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,834,409 | €3,181,134 | +€346,726 | +12.2% |
| Recurring financial charges | 65 | €2,834,409 | €3,181,134 | +€346,726 | +12.2% |
| Debt charges | 650 | €2,831,071 | €3,177,494 | +€346,424 | +12.2% |
| Other financial charges | 652/9 | €3,338 | €3,640 | +€302 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,207,060 | -€1,602,635 | -€395,575 | -32.8% |
| Profit (loss) for the period | 9904 | -€1,207,060 | -€1,602,635 | -€395,575 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,207,060 | -€1,602,635 | -€395,575 | -32.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.