I.M.S.: 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.S.
Largest movements
- Cash +€32,476
up €32,476 (+13.7%), from €237,703 to €270,179
mainly Other debts (+€25,341) and Receivables within one year (+€9,402)
- Receivables within one year -€9,402
down €9,402 (-90.9%), from €10,342 to €941
of which Other amounts receivable: -€10,026
- Tangible fixed assets +€3,333
up €3,333 (+88.0%), from €3,789 to €7,122
- Other debts +€25,341
up €25,341 (+102%), from €24,738 to €50,079
- Gross operating margin -€8,685
down €8,685 (-58.6%), from €14,828 to €6,143
- Other operating charges +€2,637
up €2,637 (+86.8%), from €3,039 to €5,676
- Taxes -€2,609
down €2,609 (-100%), from €2,609 to €0
- Depreciation +€644
up €644 (+62.9%), from €1,023 to €1,667
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 | €253,709 | €278,242 | +€24,533 | +9.7% |
| Fixed assets | 21/28 | €3,789 | €7,122 | +€3,333 | +88.0% |
| Tangible fixed assets | 22/27 | €3,789 | €7,122 | +€3,333 | +88.0% |
| Plant, machinery and equipment | 23 | €3,789 | €7,122 | +€3,333 | +88.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €249,920 | €271,120 | +€21,200 | +8.5% |
| Amounts receivable within one year | 40/41 | €10,342 | €941 | -€9,402 | -90.9% |
| Trade receivables | 40 | €317 | €941 | +€624 | +197% |
| Other amounts receivable | 41 | €10,026 | €0 | -€10,026 | -100% |
| Cash at bank and in hand | 54/58 | €237,703 | €270,179 | +€32,476 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,875 | €0 | -€1,875 | -100% |
| Total equity and liabilities | 10/49 | €253,709 | €278,242 | +€24,533 | +9.7% |
| Equity | 10/15 | €227,581 | €226,014 | -€1,568 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €163,612 | €163,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,900 | €8,900 | = | 0.0% |
| Legal reserve | 130 | €8,900 | €8,900 | = | 0.0% |
| Distributable reserves | 133 | €154,712 | €154,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,969 | €401 | -€1,568 | -79.6% |
| Amounts payable | 17/49 | €26,127 | €52,228 | +€26,101 | +99.9% |
| Amounts payable within one year | 42/48 | €26,127 | €51,903 | +€25,776 | +98.7% |
| Trade debts | 44 | €1,389 | €1,824 | +€435 | +31.3% |
| Suppliers | 440/4 | €1,389 | €1,824 | +€435 | +31.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,738 | €50,079 | +€25,341 | +102% |
| Accrued charges and deferred income | 492/3 | €0 | €325 | +€325 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,023 | €1,667 | +€644 | +62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,039 | €5,676 | +€2,637 | +86.8% |
| Gross operating margin | 9900 | €14,828 | €6,143 | -€8,685 | -58.6% |
| Operating profit (loss) | 9901 | €10,767 | -€1,199 | -€11,966 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €268 | €368 | +€101 | +37.6% |
| Recurring financial charges | 65 | €268 | €368 | +€101 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €10,499 | -€1,568 | -€12,067 | |
| Income taxes | 67/77 | €2,609 | €0 | -€2,609 | -100% |
| Profit (loss) for the period | 9904 | €7,890 | -€1,568 | -€9,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,890 | -€1,568 | -€9,458 |
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 16 October 2026 via checked.be.