H - IMV CONSULT: 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.
H - IMV CONSULT
Largest movements
- Receivables within one year -€43,903
down €43,903 (-73.0%), from €60,136 to €16,233
of which Trade receivables: -€27,701
- Tangible fixed assets -€29,993
down €29,993 (-6.2%), from €484,766 to €454,773
of which Land and buildings: -€31,079
- Cash +€23,023
up €23,023 (+447.0%), from €5,150 to €28,173
mainly Receivables within one year (+€43,903) and Depreciation (+€33,496)
- Debts after one year -€44,643
down €44,643 (-13.7%), from €326,091 to €281,448
- Accrued charges and deferred income -€21,228
down €21,228 (-25.4%), from €83,706 to €62,478
- Other debts +€14,508
up €14,508 (+89.2%), from €16,269 to €30,777
- Current portion of long-term debt -€11,502
down €11,502 (-16.7%), from €68,895 to €57,393
- Trade debts +€9,048
up €9,048 (+211.9%), from €4,270 to €13,318
- Gross operating margin -€2,359
down €2,359 (-3.8%), from €61,348 to €58,989
- Taxes -€845
down €845 (-18.8%), from €4,497 to €3,652
- Other operating charges -€726
down €726 (-36.2%), from €2,004 to €1,278
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,114 | €512,677 | -€56,437 | -9.9% |
| Fixed assets | 21/28 | €484,791 | €454,798 | -€29,993 | -6.2% |
| Tangible fixed assets | 22/27 | €484,766 | €454,773 | -€29,993 | -6.2% |
| Land and buildings | 22 | €475,034 | €443,955 | -€31,079 | -6.5% |
| Plant, machinery and equipment | 23 | €2,268 | €4,346 | +€2,078 | +91.6% |
| Furniture and vehicles | 24 | €2,889 | €1,897 | -€992 | -34.3% |
| Other tangible fixed assets | 26 | €4,575 | €4,575 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €84,323 | €57,879 | -€26,444 | -31.4% |
| Amounts receivable within one year | 40/41 | €60,136 | €16,233 | -€43,903 | -73.0% |
| Trade receivables | 40 | €40,711 | €13,010 | -€27,701 | -68.0% |
| Other amounts receivable | 41 | €19,425 | €3,223 | -€16,202 | -83.4% |
| Cash at bank and in hand | 54/58 | €5,150 | €28,173 | +€23,023 | +447.0% |
| Deferred charges and accrued income | 490/1 | €19,037 | €13,473 | -€5,564 | -29.2% |
| Total equity and liabilities | 10/49 | €569,114 | €512,677 | -€56,437 | -9.9% |
| Equity | 10/15 | €44,505 | €50,894 | +€6,389 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,905 | €32,294 | +€6,389 | +24.7% |
| Tax-exempt reserves | 132 | €17,138 | €17,138 | = | 0.0% |
| Distributable reserves | 133 | €8,767 | €15,156 | +€6,389 | +72.9% |
| Amounts payable | 17/49 | €524,609 | €461,783 | -€62,826 | -12.0% |
| Amounts payable after more than one year | 17 | €326,091 | €281,448 | -€44,643 | -13.7% |
| Financial debts | 170/4 | €326,091 | €281,448 | -€44,643 | -13.7% |
| Amounts payable within one year | 42/48 | €114,812 | €117,857 | +€3,045 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €68,895 | €57,393 | -€11,502 | -16.7% |
| Financial debts | 43 | €12,893 | €6,753 | -€6,140 | -47.6% |
| Credit institutions | 430/8 | €12,893 | €6,753 | -€6,140 | -47.6% |
| Trade debts | 44 | €4,270 | €13,318 | +€9,048 | +211.9% |
| Suppliers | 440/4 | €4,270 | €13,318 | +€9,048 | +211.9% |
| Taxes, remuneration and social security | 45 | €12,485 | €9,616 | -€2,869 | -23.0% |
| Taxes | 450/3 | €10,905 | €5,490 | -€5,415 | -49.7% |
| Remuneration and social security | 454/9 | €1,580 | €4,126 | +€2,546 | +161.1% |
| Other amounts payable | 47/48 | €16,269 | €30,777 | +€14,508 | +89.2% |
| Accrued charges and deferred income | 492/3 | €83,706 | €62,478 | -€21,228 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,069 | €33,496 | +€427 | +1.3% |
| Other operating charges | 640/8 | €2,004 | €1,278 | -€726 | -36.2% |
| Gross operating margin | 9900 | €61,348 | €58,989 | -€2,359 | -3.8% |
| Operating profit (loss) | 9901 | €26,275 | €24,215 | -€2,060 | -7.8% |
| Financial income | 75/76B | €1 | €7 | +€6 | +600.0% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +600.0% |
| Financial charges | 65/66B | €14,316 | €14,181 | -€135 | -0.9% |
| Recurring financial charges | 65 | €14,316 | €14,181 | -€135 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €11,960 | €10,041 | -€1,919 | -16.0% |
| Income taxes | 67/77 | €4,497 | €3,652 | -€845 | -18.8% |
| Profit (loss) for the period | 9904 | €7,463 | €6,389 | -€1,074 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,463 | €6,389 | -€1,074 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.