I.M.C.S.: what changed
What changed
I.M.C.S.
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€22,985
2024 · €169,434-€146,448
Equity
€6.7m
2024 · €6.7m+€22,985
Cash
€146,466
2024 · €299,762-€153,296
Balance sheet total
€6.8m
2024 · €6.8m+€77,371
Largest movements
Assets
- Current investments +€471,164
up €471,164 (+7.9%), from €5.9m to €6.4m
- Receivables within one year -€219,613
no longer reported in 2025 (was €219,613)
of which Other amounts receivable: -€219,613
- Cash -€153,296
down €153,296 (-51.1%), from €299,762 to €146,466
mainly Current investments (-€471,164) and Accrued charges and deferred income (-€12,299)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Taxes +€105,619
up €105,619, from -€2,574 to €103,046
- Write-downs +€48,523
new in 2025: €48,523
- Financial income +€23,122
up €23,122 (+10.8%), from €214,546 to €237,668
- Gross operating margin -€12,381
down €12,381 (-59.5%), from -€20,812 to -€33,193
- Financial charges +€3,396
up €3,396 (+1,073%), from €317 to €3,712
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€169,434
Gross operating margin
-€12,381
Depreciation
+€406
Write-downs
-€48,523
Other operating charges
-€57
Financial income
+€23,122
Financial charges
-€3,396
Taxes
-€105,619
Result 2025
€22,985
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€318,377
Investment
-€471,164
Financing
-€510
Cash 2024
€299,762
From operations (derived)
+€318,377
Net result for the year
+€22,985
Depreciation
+€20,893
Receivables within one year
+€219,613
Smaller working-capital items
-€369
Tax, wage and social debts
+€67,554
Accrued charges and deferred income
-€12,299
Investment (derived)
-€471,164
Current investments
-€471,164
Financing
-€510
Debts after one year
-€510
Cash 2025
€146,466
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,753,060 | €6,830,431 | +€77,371 | +1.1% |
| Fixed assets | 21/28 | €288,145 | €267,252 | -€20,893 | -7.3% |
| Tangible fixed assets | 22/27 | €287,773 | €266,880 | -€20,893 | -7.3% |
| Land and buildings | 22 | €287,441 | €266,880 | -€20,561 | -7.2% |
| Furniture and vehicles | 24 | €332 | - | -€332 | |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €6,464,915 | €6,563,179 | +€98,264 | +1.5% |
| Amounts receivable within one year | 40/41 | €219,613 | - | -€219,613 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €219,613 | - | -€219,613 | |
| Current investments | 50/53 | €5,944,922 | €6,416,085 | +€471,164 | +7.9% |
| Cash at bank and in hand | 54/58 | €299,762 | €146,466 | -€153,296 | -51.1% |
| Deferred charges and accrued income | 490/1 | €618 | €628 | +€10 | +1.7% |
| Total equity and liabilities | 10/49 | €6,753,060 | €6,830,431 | +€77,371 | +1.1% |
| Equity | 10/15 | €6,717,831 | €6,740,817 | +€22,985 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,611,499 | €6,634,485 | +€22,985 | +0.3% |
| Tax-exempt reserves | 132 | €661,300 | €8,750 | -€652,550 | -98.7% |
| Distributable reserves | 133 | €5,950,199 | €6,625,735 | +€675,535 | +11.4% |
| Profit (loss) carried forward | 14 | €87,740 | €87,740 | = | 0.0% |
| Amounts payable | 17/49 | €35,229 | €89,614 | +€54,386 | +154% |
| Amounts payable after more than one year | 17 | €21,796 | €21,286 | -€510 | -2.3% |
| Other amounts payable | 178/9 | €21,796 | €21,286 | -€510 | -2.3% |
| Amounts payable within one year | 42/48 | €1,133 | €68,328 | +€67,195 | +5,930% |
| Trade debts | 44 | €1,133 | €774 | -€359 | -31.7% |
| Suppliers | 440/4 | €1,133 | €774 | -€359 | -31.7% |
| Taxes, remuneration and social security | 45 | €0 | €67,554 | +€67,554 | |
| Taxes | 450/3 | €0 | €67,554 | +€67,554 | |
| Accrued charges and deferred income | 492/3 | €12,299 | - | -€12,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,299 | €20,893 | -€406 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €48,523 | +€48,523 | |
| Other operating charges | 640/8 | €5,258 | €5,315 | +€57 | +1.1% |
| Gross operating margin | 9900 | -€20,812 | -€33,193 | -€12,381 | -59.5% |
| Operating profit (loss) | 9901 | -€47,369 | -€107,925 | -€60,555 | -128% |
| Financial income | 75/76B | €214,546 | €237,668 | +€23,122 | +10.8% |
| Recurring financial income | 75 | €214,546 | €237,668 | +€23,122 | +10.8% |
| Financial charges | 65/66B | €317 | €3,712 | +€3,396 | +1,073% |
| Recurring financial charges | 65 | €317 | €3,712 | +€3,396 | +1,073% |
| Profit (loss) for the period before taxes | 9903 | €166,860 | €126,031 | -€40,829 | -24.5% |
| Income taxes | 67/77 | -€2,574 | €103,046 | +€105,619 | |
| Profit (loss) for the period | 9904 | €169,434 | €22,985 | -€146,448 | -86.4% |
| Transfer from tax-exempt reserves | 789 | €869,560 | €652,550 | -€217,010 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,038,994 | €675,535 | -€363,458 | -35.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.