I.M.B.C.: 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.C.
Largest movements
- Cash +€91,872
up €91,872 (+89.5%), from €102,684 to €194,556
mainly Net result for the year (+€154,576) and Other debts (+€87,592)
- Current investments +€74,263
up €74,263 (+9.5%), from €780,392 to €854,655
- Other debts +€87,592
new in 2025: €87,592
- Reserves +€68,259
up €68,259 (+7.1%), from €961,684 to €1.0m
- Tax, wage and social debts +€19,593
up €19,593 (+309%), from €6,344 to €25,937
- Gross operating margin +€61,648
up €61,648 (+41.6%), from €148,070 to €209,718
- Taxes +€18,684
up €18,684 (+40.3%), from €46,356 to €65,040
- Financial charges +€3,004
up €3,004 (+120%), from €2,504 to €5,508
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 | €968,496 | €1,143,504 | +€175,008 | +18.1% |
| Fixed assets | 21/28 | €16,729 | €15,664 | -€1,065 | -6.4% |
| Tangible fixed assets | 22/27 | €16,729 | €15,664 | -€1,065 | -6.4% |
| Plant, machinery and equipment | 23 | - | €2,314 | +€2,314 | |
| Furniture and vehicles | 24 | €16,729 | €13,350 | -€3,379 | -20.2% |
| Current assets | 29/58 | €951,767 | €1,127,840 | +€176,073 | +18.5% |
| Amounts receivable within one year | 40/41 | €63,274 | €73,907 | +€10,633 | +16.8% |
| Trade receivables | 40 | €59,997 | €73,555 | +€13,559 | +22.6% |
| Other amounts receivable | 41 | €3,277 | €352 | -€2,925 | -89.3% |
| Current investments | 50/53 | €780,392 | €854,655 | +€74,263 | +9.5% |
| Cash at bank and in hand | 54/58 | €102,684 | €194,556 | +€91,872 | +89.5% |
| Deferred charges and accrued income | 490/1 | €5,418 | €4,722 | -€696 | -12.8% |
| Total equity and liabilities | 10/49 | €968,496 | €1,143,504 | +€175,008 | +18.1% |
| Equity | 10/15 | €961,685 | €1,029,944 | +€68,259 | +7.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €961,684 | €1,029,943 | +€68,259 | +7.1% |
| Distributable reserves | 133 | €961,684 | €1,029,943 | +€68,259 | +7.1% |
| Amounts payable | 17/49 | €6,811 | €113,560 | +€106,749 | +1,567% |
| Amounts payable within one year | 42/48 | €6,811 | €113,560 | +€106,749 | +1,567% |
| Trade debts | 44 | €467 | €30 | -€436 | -93.5% |
| Suppliers | 440/4 | €467 | €30 | -€436 | -93.5% |
| Taxes, remuneration and social security | 45 | €6,344 | €25,937 | +€19,593 | +309% |
| Taxes | 450/3 | €6,344 | €25,937 | +€19,593 | +309% |
| Other amounts payable | 47/48 | - | €87,592 | +€87,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €3,450 | +€71 | +2.1% |
| Other operating charges | 640/8 | €1,015 | €647 | -€368 | -36.2% |
| Gross operating margin | 9900 | €148,070 | €209,718 | +€61,648 | +41.6% |
| Operating profit (loss) | 9901 | €143,677 | €205,622 | +€61,945 | +43.1% |
| Financial income | 75/76B | €17,876 | €19,502 | +€1,627 | +9.1% |
| Recurring financial income | 75 | €17,876 | €19,502 | +€1,627 | +9.1% |
| Financial charges | 65/66B | €2,504 | €5,508 | +€3,004 | +120% |
| Recurring financial charges | 65 | €2,504 | €5,508 | +€3,004 | +120% |
| Profit (loss) for the period before taxes | 9903 | €159,048 | €219,616 | +€60,568 | +38.1% |
| Income taxes | 67/77 | €46,356 | €65,040 | +€18,684 | +40.3% |
| Profit (loss) for the period | 9904 | €112,692 | €154,576 | +€41,884 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,692 | €154,576 | +€41,884 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.