DE VOS IMAB: 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.
DE VOS IMAB
Largest movements
- Cash -€32,080
down €32,080 (-34.2%), from €93,903 to €61,823
mainly Net result for the year (-€23,523) and Receivables within one year (-€12,249)
- Receivables within one year +€12,249
up €12,249 (+47.7%), from €25,667 to €37,916
of which Trade receivables: +€13,684
- Tangible fixed assets -€5,909
down €5,909 (-100%), from €5,909 to €0
- Stocks and contracts -€5,788
down €5,788 (-100%), from €5,788 to €0
- Profit (loss) carried forward -€43,477
down €43,477 (-100%), from €43,477 to €0
- Reserves +€19,954
up €19,954 (+33.5%), from €59,532 to €79,485
- Trade debts -€9,000
down €9,000 (-85.8%), from €10,485 to €1,485
- Other operating charges -€6,692
down €6,692 (-78.1%), from €8,574 to €1,882
- Gross operating margin -€5,933
down €5,933 (-63.8%), from -€9,293 to -€15,226
- Depreciation -€831
down €831 (-12.3%), from €6,740 to €5,909
- Write-downs +€491
new in 2025: €491
- Financial charges -€387
down €387 (-88.5%), from €437 to €50
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 | €132,366 | €99,739 | -€32,627 | -24.6% |
| Fixed assets | 21/28 | €5,909 | €0 | -€5,909 | -100% |
| Tangible fixed assets | 22/27 | €5,909 | €0 | -€5,909 | -100% |
| Furniture and vehicles | 24 | €5,909 | €0 | -€5,909 | -100% |
| Current assets | 29/58 | €126,457 | €99,739 | -€26,718 | -21.1% |
| Stocks and contracts in progress | 3 | €5,788 | €0 | -€5,788 | -100% |
| Stocks | 30/36 | €5,788 | €0 | -€5,788 | -100% |
| Amounts receivable within one year | 40/41 | €25,667 | €37,916 | +€12,249 | +47.7% |
| Trade receivables | 40 | €13,145 | €26,828 | +€13,684 | +104% |
| Other amounts receivable | 41 | €12,523 | €11,088 | -€1,435 | -11.5% |
| Cash at bank and in hand | 54/58 | €93,903 | €61,823 | -€32,080 | -34.2% |
| Deferred charges and accrued income | 490/1 | €1,099 | €0 | -€1,099 | -100% |
| Total equity and liabilities | 10/49 | €132,366 | €99,739 | -€32,627 | -24.6% |
| Equity | 10/15 | €121,600 | €98,077 | -€23,523 | -19.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €59,532 | €79,485 | +€19,954 | +33.5% |
| Distributable reserves | 133 | €59,532 | €79,485 | +€19,954 | +33.5% |
| Profit (loss) carried forward | 14 | €43,477 | €0 | -€43,477 | -100% |
| Amounts payable | 17/49 | €10,765 | €1,661 | -€9,104 | -84.6% |
| Amounts payable within one year | 42/48 | €10,765 | €1,661 | -€9,104 | -84.6% |
| Trade debts | 44 | €10,485 | €1,485 | -€9,000 | -85.8% |
| Suppliers | 440/4 | €10,485 | €1,485 | -€9,000 | -85.8% |
| Taxes, remuneration and social security | 45 | €280 | €176 | -€104 | -37.1% |
| Taxes | 450/3 | €280 | €176 | -€104 | -37.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,740 | €5,909 | -€831 | -12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €491 | +€491 | |
| Other operating charges | 640/8 | €8,574 | €1,882 | -€6,692 | -78.1% |
| Gross operating margin | 9900 | -€9,293 | -€15,226 | -€5,933 | -63.8% |
| Operating profit (loss) | 9901 | -€24,606 | -€23,507 | +€1,099 | +4.5% |
| Financial income | 75/76B | €267 | €211 | -€56 | -21.1% |
| Recurring financial income | 75 | €267 | €211 | -€56 | -21.1% |
| Financial charges | 65/66B | €437 | €50 | -€387 | -88.5% |
| Recurring financial charges | 65 | €437 | €50 | -€387 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,776 | -€23,347 | +€1,430 | +5.8% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€24,951 | -€23,523 | +€1,428 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,951 | -€23,523 | +€1,428 | +5.7% |
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 19 October 2026 via checked.be.