I.M. CAR: what changed
I.M. CAR
Largest movements
- Receivables within one year +€16,823
up €16,823 (+727%), from €2,313 to €19,136
of which Trade receivables: +€16,340
- Stocks and contracts -€9,802
down €9,802 (-39.7%), from €24,710 to €14,908
- Tangible fixed assets +€4,312
up €4,312 (+56.6%), from €7,625 to €11,937
of which Plant, machinery and equipment: +€3,337
- Short-term financial debts +€12,716
up €12,716 (+664%), from €1,916 to €14,632
- Tax, wage and social debts +€9,593
up €9,593 (+159%), from €6,024 to €15,617
of which Taxes: +€7,236
- Profit (loss) carried forward -€7,199
down €7,199 (-19.3%), from -€37,237 to -€44,435
- Trade debts -€2,939
down €2,939 (-12.6%), from €23,311 to €20,373
- Accrued charges and deferred income -€887
down €887 (-100%), from €887 to €0
- Staff costs +€20,086
up €20,086 (+79.8%), from €25,169 to €45,255
- Gross operating margin +€4,376
up €4,376 (+11.3%), from €38,879 to €43,255
- Other operating charges -€1,646
down €1,646 (-44.5%), from €3,700 to €2,053
- Depreciation +€623
up €623 (+105%), from €593 to €1,217
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,723 | €45,984 | +€11,261 | +32.4% |
| Fixed assets | 21/28 | €7,625 | €11,937 | +€4,312 | +56.6% |
| Tangible fixed assets | 22/27 | €7,625 | €11,937 | +€4,312 | +56.6% |
| Plant, machinery and equipment | 23 | €7,625 | €10,962 | +€3,337 | +43.8% |
| Furniture and vehicles | 24 | - | €975 | +€975 | |
| Current assets | 29/58 | €27,098 | €34,047 | +€6,949 | +25.6% |
| Stocks and contracts in progress | 3 | €24,710 | €14,908 | -€9,802 | -39.7% |
| Stocks | 30/36 | €24,710 | €14,908 | -€9,802 | -39.7% |
| Amounts receivable within one year | 40/41 | €2,313 | €19,136 | +€16,823 | +727% |
| Trade receivables | 40 | €2,035 | €18,376 | +€16,340 | +803% |
| Other amounts receivable | 41 | €277 | €760 | +€483 | +174% |
| Cash at bank and in hand | 54/58 | - | €4 | +€4 | |
| Deferred charges and accrued income | 490/1 | €76 | €0 | -€76 | -100% |
| Total equity and liabilities | 10/49 | €34,723 | €45,984 | +€11,261 | +32.4% |
| Equity | 10/15 | -€3,324 | -€10,522 | -€7,199 | -217% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €447 | €447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €447 | €447 | = | 0.0% |
| Reserves not available under the articles | 1311 | €447 | €447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,237 | -€44,435 | -€7,199 | -19.3% |
| Amounts payable | 17/49 | €38,047 | €56,506 | +€18,459 | +48.5% |
| Amounts payable within one year | 42/48 | €37,160 | €56,506 | +€19,346 | +52.1% |
| Financial debts | 43 | €1,916 | €14,632 | +€12,716 | +664% |
| Credit institutions | 430/8 | €1,916 | €14,632 | +€12,716 | +664% |
| Trade debts | 44 | €23,311 | €20,373 | -€2,939 | -12.6% |
| Suppliers | 440/4 | €23,311 | €20,373 | -€2,939 | -12.6% |
| Taxes, remuneration and social security | 45 | €6,024 | €15,617 | +€9,593 | +159% |
| Taxes | 450/3 | €3,240 | €10,476 | +€7,236 | +223% |
| Remuneration and social security | 454/9 | €2,784 | €5,141 | +€2,357 | +84.7% |
| Other amounts payable | 47/48 | €5,908 | €5,884 | -€24 | -0.4% |
| Accrued charges and deferred income | 492/3 | €887 | €0 | -€887 | -100% |
| Remuneration, social security and pensions | 62 | €25,169 | €45,255 | +€20,086 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €1,217 | +€623 | +105% |
| Other operating charges | 640/8 | €3,700 | €2,053 | -€1,646 | -44.5% |
| Gross operating margin | 9900 | €38,879 | €43,255 | +€4,376 | +11.3% |
| Operating profit (loss) | 9901 | €9,417 | -€5,270 | -€14,687 | |
| Financial income | 75/76B | €12 | €22 | +€10 | +88.7% |
| Recurring financial income | 75 | €12 | €22 | +€10 | +88.7% |
| Financial charges | 65/66B | €2,065 | €1,950 | -€114 | -5.5% |
| Recurring financial charges | 65 | €2,065 | €1,950 | -€114 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €7,364 | -€7,199 | -€14,563 | |
| Profit (loss) for the period | 9904 | €7,364 | -€7,199 | -€14,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,364 | -€7,199 | -€14,563 |
Next steps
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.