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
- Tangible fixed assets -€23,698
down €23,698 (-28.8%), from €82,316 to €58,618
of which Furniture and vehicles: -€18,232
- Receivables within one year +€3,578
up €3,578 (+43.2%), from €8,285 to €11,864
of which Other amounts receivable: +€2,924
- Cash -€3,158
down €3,158 (-3.9%), from €81,674 to €78,516
mainly Debts after one year (-€15,223) and Contributions, distributions and other (-€13,536)
- Debts after one year -€15,223
down €15,223 (-33.6%), from €45,287 to €30,064
- Reserves -€11,641
down €11,641 (-14.9%), from €77,925 to €66,284
- Other debts +€2,641
up €2,641 (+31.6%), from €8,356 to €10,996
- Gross operating margin -€11,976
down €11,976 (-29.4%), from €40,691 to €28,715
- Taxes -€2,924
down €2,924 (-73.2%), from €3,994 to €1,070
- Depreciation +€657
up €657 (+2.9%), from €23,041 to €23,698
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 | €172,276 | €149,083 | -€23,193 | -13.5% |
| Fixed assets | 21/28 | €82,316 | €58,618 | -€23,698 | -28.8% |
| Tangible fixed assets | 22/27 | €82,316 | €58,618 | -€23,698 | -28.8% |
| Land and buildings | 22 | €28,630 | €24,072 | -€4,558 | -15.9% |
| Plant, machinery and equipment | 23 | €2,069 | €1,161 | -€907 | -43.9% |
| Furniture and vehicles | 24 | €51,618 | €33,385 | -€18,232 | -35.3% |
| Current assets | 29/58 | €89,959 | €90,464 | +€505 | +0.6% |
| Amounts receivable within one year | 40/41 | €8,285 | €11,864 | +€3,578 | +43.2% |
| Trade receivables | 40 | €7,279 | €7,934 | +€655 | +9.0% |
| Other amounts receivable | 41 | €1,006 | €3,930 | +€2,924 | +291% |
| Cash at bank and in hand | 54/58 | €81,674 | €78,516 | -€3,158 | -3.9% |
| Deferred charges and accrued income | 490/1 | €0 | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €172,276 | €149,083 | -€23,193 | -13.5% |
| Equity | 10/15 | €96,525 | €84,884 | -€11,641 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,925 | €66,284 | -€11,641 | -14.9% |
| Distributable reserves | 133 | €77,925 | €66,284 | -€11,641 | -14.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,751 | €64,199 | -€11,552 | -15.2% |
| Amounts payable after more than one year | 17 | €45,287 | €30,064 | -€15,223 | -33.6% |
| Financial debts | 170/4 | €45,287 | €30,064 | -€15,223 | -33.6% |
| Amounts payable within one year | 42/48 | €30,464 | €34,135 | +€3,671 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €16,659 | €16,909 | +€250 | +1.5% |
| Trade debts | 44 | €494 | €1,651 | +€1,157 | +234% |
| Suppliers | 440/4 | €494 | €1,651 | +€1,157 | +234% |
| Taxes, remuneration and social security | 45 | €4,956 | €4,579 | -€377 | -7.6% |
| Taxes | 450/3 | €4,956 | €4,579 | -€377 | -7.6% |
| Other amounts payable | 47/48 | €8,356 | €10,996 | +€2,641 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,041 | €23,698 | +€657 | +2.9% |
| Other operating charges | 640/8 | €811 | €848 | +€37 | +4.6% |
| Gross operating margin | 9900 | €40,691 | €28,715 | -€11,976 | -29.4% |
| Operating profit (loss) | 9901 | €16,839 | €4,169 | -€12,670 | -75.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,468 | €1,203 | -€265 | -18.0% |
| Recurring financial charges | 65 | €1,468 | €1,203 | -€265 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €15,371 | €2,966 | -€12,406 | -80.7% |
| Income taxes | 67/77 | €3,994 | €1,070 | -€2,924 | -73.2% |
| Profit (loss) for the period | 9904 | €11,377 | €1,895 | -€9,482 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,377 | €1,895 | -€9,482 | -83.3% |
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 28 October 2026 via checked.be.