I&M.CON: what changed
Two fiscal 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.CON
Largest movements
- Cash -€36,621
down €36,621 (-35.6%), from €102,736 to €66,115
mainly Debts after one year (-€90,211) and Trade debts (-€55,170)
- Tangible fixed assets -€22,941
down €22,941 (-5.1%), from €453,101 to €430,160
- Receivables within one year +€6,923
up €6,923 (+19.1%), from €36,268 to €43,191
of which Other amounts receivable: +€3,894
- Debts after one year -€90,211
down €90,211 (-92.1%), from €97,905 to €7,693
- Reserves +€77,659
up €77,659 (+25.1%), from €309,228 to €386,887
- Trade debts -€55,170
down €55,170 (-85.8%), from €64,304 to €9,134
- Tax, wage and social debts +€17,949
up €17,949 (+410.4%), from €4,374 to €22,323
- Gross operating margin +€102,198
up €102,198 (+90.3%), from €113,177 to €215,375
- Taxes +€35,598
up €35,598 (+144.3%), from €24,667 to €60,265
- Depreciation -€5,524
down €5,524 (-21.8%), from €25,315 to €19,791
- Financial charges -€4,198
down €4,198 (-39.4%), from €10,647 to €6,449
- Write-downs -€2,442
down €2,442 (-100.0%), from €2,442 to €0
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.
Cash bridge derived
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 | €592,806 | €540,499 | -€52,307 | -8.8% |
| Fixed assets | 21/28 | €453,101 | €430,160 | -€22,941 | -5.1% |
| Tangible fixed assets | 22/27 | €453,101 | €430,160 | -€22,941 | -5.1% |
| Land and buildings | 22 | €179,633 | €174,873 | -€4,760 | -2.6% |
| Furniture and vehicles | 24 | €14,608 | €7,286 | -€7,322 | -50.1% |
| Other tangible fixed assets | 26 | €258,859 | €248,000 | -€10,859 | -4.2% |
| Current assets | 29/58 | €139,705 | €110,339 | -€29,366 | -21.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €36,268 | €43,191 | +€6,923 | +19.1% |
| Trade receivables | 40 | €24,904 | €27,934 | +€3,030 | +12.2% |
| Other amounts receivable | 41 | €11,363 | €15,257 | +€3,894 | +34.3% |
| Cash at bank and in hand | 54/58 | €102,736 | €66,115 | -€36,621 | -35.6% |
| Deferred charges and accrued income | 490/1 | €702 | €1,034 | +€332 | +47.3% |
| Total equity and liabilities | 10/49 | €592,806 | €540,499 | -€52,307 | -8.8% |
| Equity | 10/15 | €330,228 | €407,887 | +€77,659 | +23.5% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €309,228 | €386,887 | +€77,659 | +25.1% |
| Distributable reserves | 133 | €309,228 | €386,887 | +€77,659 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €262,577 | €132,611 | -€129,966 | -49.5% |
| Amounts payable after more than one year | 17 | €97,905 | €7,693 | -€90,211 | -92.1% |
| Financial debts | 170/4 | €97,905 | €7,693 | -€90,211 | -92.1% |
| Amounts payable within one year | 42/48 | €161,673 | €121,668 | -€40,005 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €91,396 | €90,211 | -€1,184 | -1.3% |
| Trade debts | 44 | €64,304 | €9,134 | -€55,170 | -85.8% |
| Suppliers | 440/4 | €64,304 | €9,134 | -€55,170 | -85.8% |
| Taxes, remuneration and social security | 45 | €4,374 | €22,323 | +€17,949 | +410.4% |
| Taxes | 450/3 | €4,374 | €22,323 | +€17,949 | +410.4% |
| Other amounts payable | 47/48 | €1,599 | €0 | -€1,599 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,250 | +€250 | +8.3% |
| Non-recurring operating income | 76A | €0 | €4,017 | +€4,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,315 | €19,791 | -€5,524 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,442 | €0 | -€2,442 | -100.0% |
| Other operating charges | 640/8 | €4,108 | €4,124 | +€15 | +0.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €113,177 | €215,375 | +€102,198 | +90.3% |
| Operating profit (loss) | 9901 | €81,313 | €191,461 | +€110,148 | +135.5% |
| Financial income | 75/76B | €99 | €770 | +€671 | +676.9% |
| Recurring financial income | 75 | €99 | €770 | +€671 | +676.9% |
| Financial charges | 65/66B | €10,647 | €6,449 | -€4,198 | -39.4% |
| Recurring financial charges | 65 | €10,647 | €6,449 | -€4,198 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €70,764 | €185,781 | +€115,017 | +162.5% |
| Income taxes | 67/77 | €24,667 | €60,265 | +€35,598 | +144.3% |
| Profit (loss) for the period | 9904 | €46,098 | €125,517 | +€79,419 | +172.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,098 | €125,517 | +€79,419 | +172.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.