I.M.B.: 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.
I.M.B.
Largest movements
- Cash +€49,073
up €49,073 (+752%), from €6,526 to €55,599
mainly Depreciation (+€46,508) and Receivables within one year (+€18,244)
- Tangible fixed assets -€43,533
down €43,533 (-9.6%), from €455,283 to €411,751
of which Furniture and vehicles: -€22,107
- Receivables within one year -€18,244
down €18,244 (-8.2%), from €222,992 to €204,749
of which Trade receivables: -€28,139
- Other debts -€23,244
down €23,244 (-63.7%), from €36,512 to €13,268
- Reserves +€14,600
up €14,600 (+13.0%), from €112,701 to €127,301
of which Distributable reserves: +€14,600
- Trade debts -€13,502
down €13,502 (-28.1%), from €48,087 to €34,586
- Tax, wage and social debts +€9,451
up €9,451 (+77.0%), from €12,281 to €21,732
- Gross operating margin +€34,612
up €34,612 (+54.3%), from €63,746 to €98,358
- Financial charges +€15,211
up €15,211 (+188%), from €8,112 to €23,323
of which Non-recurring financial charges: +€12,140
- Depreciation +€9,952
up €9,952 (+27.2%), from €36,556 to €46,508
- Taxes +€7,337
up €7,337 (+147%), from €4,982 to €12,319
- Other operating charges -€3,694
down €3,694 (-44.3%), from €8,340 to €4,646
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,424 | €672,741 | -€12,683 | -1.9% |
| Fixed assets | 21/28 | €455,333 | €411,800 | -€43,533 | -9.6% |
| Tangible fixed assets | 22/27 | €455,283 | €411,751 | -€43,533 | -9.6% |
| Land and buildings | 22 | €355,536 | €336,778 | -€18,758 | -5.3% |
| Plant, machinery and equipment | 23 | €27,866 | €25,198 | -€2,667 | -9.6% |
| Furniture and vehicles | 24 | €71,881 | €49,774 | -€22,107 | -30.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €230,091 | €260,941 | +€30,850 | +13.4% |
| Amounts receivable within one year | 40/41 | €222,992 | €204,749 | -€18,244 | -8.2% |
| Trade receivables | 40 | €84,845 | €56,706 | -€28,139 | -33.2% |
| Other amounts receivable | 41 | €138,148 | €148,043 | +€9,896 | +7.2% |
| Cash at bank and in hand | 54/58 | €6,526 | €55,599 | +€49,073 | +752% |
| Deferred charges and accrued income | 490/1 | €573 | €594 | +€21 | +3.6% |
| Total equity and liabilities | 10/49 | €685,424 | €672,741 | -€12,683 | -1.9% |
| Equity | 10/15 | €450,393 | €465,006 | +€14,612 | +3.2% |
| Contributions | 10/11 | €190,987 | €190,987 | = | 0.0% |
| Reserves | 13 | €112,701 | €127,301 | +€14,600 | +13.0% |
| Non-distributable reserves | 130/1 | €19,100 | €19,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,100 | €19,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,361 | €12,361 | = | 0.0% |
| Distributable reserves | 133 | €81,240 | €95,840 | +€14,600 | +18.0% |
| Profit (loss) carried forward | 14 | €146,705 | €146,718 | +€12 | 0.0% |
| Amounts payable | 17/49 | €235,030 | €207,735 | -€27,295 | -11.6% |
| Amounts payable after more than one year | 17 | €138,150 | €138,150 | = | 0.0% |
| Financial debts | 170/4 | €138,150 | €138,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,880 | €69,585 | -€27,295 | -28.2% |
| Trade debts | 44 | €48,087 | €34,586 | -€13,502 | -28.1% |
| Suppliers | 440/4 | €48,087 | €34,586 | -€13,502 | -28.1% |
| Taxes, remuneration and social security | 45 | €12,281 | €21,732 | +€9,451 | +77.0% |
| Taxes | 450/3 | €12,281 | €21,732 | +€9,451 | +77.0% |
| Other amounts payable | 47/48 | €36,512 | €13,268 | -€23,244 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,556 | €46,508 | +€9,952 | +27.2% |
| Other operating charges | 640/8 | €8,340 | €4,646 | -€3,694 | -44.3% |
| Non-recurring operating charges | 66A | €5,008 | - | -€5,008 | |
| Gross operating margin | 9900 | €63,746 | €98,358 | +€34,612 | +54.3% |
| Operating profit (loss) | 9901 | €13,841 | €47,204 | +€33,363 | +241% |
| Financial income | 75/76B | €2,752 | €3,050 | +€298 | +10.8% |
| Recurring financial income | 75 | €2,752 | €3,050 | +€298 | +10.8% |
| Financial charges | 65/66B | €8,112 | €23,323 | +€15,211 | +188% |
| Recurring financial charges | 65 | €8,112 | €11,183 | +€3,071 | +37.9% |
| Non-recurring financial charges | 66B | - | €12,140 | +€12,140 | |
| Profit (loss) for the period before taxes | 9903 | €8,482 | €26,931 | +€18,450 | +218% |
| Income taxes | 67/77 | €4,982 | €12,319 | +€7,337 | +147% |
| Profit (loss) for the period | 9904 | €3,500 | €14,612 | +€11,113 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €3,500 | €14,612 | +€11,113 | +318% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.