I.M.B.M.: 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.M.
Largest movements
- Cash -€92,481
down €92,481 (-19.4%), from €476,385 to €383,904
mainly Contributions, distributions and other (-€300,000) and Net result for the year (-€10,786)
- Tangible fixed assets -€18,344
down €18,344 (-3.0%), from €613,264 to €594,921
of which Land and buildings: -€25,075
- Contributions -€300,000
down €300,000 (-47.5%), from €631,000 to €331,000
- Other debts +€209,494
up €209,494 (+231%), from €90,507 to €300,000
- Financial income -€491,707
down €491,707 (-99.5%), from €494,247 to €2,540
of which Non-recurring financial income: -€492,454
- Taxes -€137,912
down €137,912, from €137,416 to -€496
- Gross operating margin -€5,116
down €5,116 (-15.6%), from €32,848 to €27,732
- Other operating charges +€473
up €473 (+3.6%), from €13,045 to €13,518
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 | €1,104,868 | €995,749 | -€109,119 | -9.9% |
| Fixed assets | 21/28 | €613,264 | €594,921 | -€18,344 | -3.0% |
| Tangible fixed assets | 22/27 | €613,264 | €594,921 | -€18,344 | -3.0% |
| Land and buildings | 22 | €602,729 | €577,654 | -€25,075 | -4.2% |
| Plant, machinery and equipment | 23 | €10,536 | €17,267 | +€6,731 | +63.9% |
| Current assets | 29/58 | €491,604 | €400,828 | -€90,776 | -18.5% |
| Amounts receivable within one year | 40/41 | €1,078 | €4,205 | +€3,127 | +290% |
| Trade receivables | 40 | €1,074 | €3,444 | +€2,369 | +221% |
| Other amounts receivable | 41 | €4 | €761 | +€757 | +20,810% |
| Current investments | 50/53 | €11,289 | €11,289 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €476,385 | €383,904 | -€92,481 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,853 | €1,431 | -€1,422 | -49.8% |
| Total equity and liabilities | 10/49 | €1,104,868 | €995,749 | -€109,119 | -9.9% |
| Equity | 10/15 | €978,027 | €667,241 | -€310,786 | -31.8% |
| Contributions | 10/11 | €631,000 | €331,000 | -€300,000 | -47.5% |
| Capital | 10 | €631,000 | €331,000 | -€300,000 | -47.5% |
| Issued capital | 100 | €631,000 | €331,000 | -€300,000 | -47.5% |
| Reserves | 13 | €347,027 | €347,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,100 | €63,100 | = | 0.0% |
| Legal reserve | 130 | €63,100 | €63,100 | = | 0.0% |
| Distributable reserves | 133 | €283,927 | €283,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€10,786 | -€10,786 | |
| Amounts payable | 17/49 | €126,841 | €328,508 | +€201,667 | +159% |
| Amounts payable within one year | 42/48 | €125,288 | €328,221 | +€202,933 | +162% |
| Trade debts | 44 | €2,095 | €794 | -€1,301 | -62.1% |
| Suppliers | 440/4 | €2,095 | €794 | -€1,301 | -62.1% |
| Taxes, remuneration and social security | 45 | €32,686 | €27,427 | -€5,259 | -16.1% |
| Taxes | 450/3 | €32,686 | €27,427 | -€5,259 | -16.1% |
| Other amounts payable | 47/48 | €90,507 | €300,000 | +€209,494 | +231% |
| Accrued charges and deferred income | 492/3 | €1,553 | €287 | -€1,266 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,863 | €27,966 | +€103 | +0.4% |
| Other operating charges | 640/8 | €13,045 | €13,518 | +€473 | +3.6% |
| Gross operating margin | 9900 | €32,848 | €27,732 | -€5,116 | -15.6% |
| Operating profit (loss) | 9901 | -€8,060 | -€13,752 | -€5,692 | -70.6% |
| Financial income | 75/76B | €494,247 | €2,540 | -€491,707 | -99.5% |
| Recurring financial income | 75 | €1,793 | €2,540 | +€747 | +41.7% |
| Non-recurring financial income | 76B | €492,454 | €0 | -€492,454 | -100% |
| Financial charges | 65/66B | €155 | €70 | -€85 | -55.1% |
| Recurring financial charges | 65 | €155 | €70 | -€85 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €486,032 | -€11,282 | -€497,314 | |
| Income taxes | 67/77 | €137,416 | -€496 | -€137,912 | |
| Profit (loss) for the period | 9904 | €348,616 | -€10,786 | -€359,403 | |
| Profit (loss) for the period to be appropriated | 9905 | €348,616 | -€10,786 | -€359,403 |
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 26 October 2026 via checked.be.