I.M.S. - MANAGEMENT: 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. - MANAGEMENT
Largest movements
- Receivables within one year +€19,747
up €19,747 (+88.9%), from €22,214 to €41,962
of which Trade receivables: +€21,597
- Cash +€16,171
up €16,171 (+8.3%), from €194,267 to €210,438
mainly Other debts (+€379,762) and Net result for the year (+€114,205)
- Other debts +€379,762
up €379,762 (+4,972%), from €7,638 to €387,400
- Reserves -€375,043
down €375,043 (-28.4%), from €1.3m to €944,561
of which Distributable reserves: -€375,043
- Tax, wage and social debts +€31,107
up €31,107 (+142%), from €21,840 to €52,948
of which Taxes: +€31,011
- Gross operating margin +€72,632
up €72,632 (+74.2%), from €97,834 to €170,466
- Taxes +€24,116
up €24,116 (+80.6%), from €29,932 to €54,048
- Financial income +€2,769
up €2,769 (+8.0%), from €34,474 to €37,243
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 | €1,517,846 | €1,553,771 | +€35,924 | +2.4% |
| Fixed assets | 21/28 | €353 | €353 | = | 0.0% |
| Financial fixed assets | 28 | €353 | €353 | = | 0.0% |
| Current assets | 29/58 | €1,517,493 | €1,553,418 | +€35,924 | +2.4% |
| Amounts receivable within one year | 40/41 | €22,214 | €41,962 | +€19,747 | +88.9% |
| Trade receivables | 40 | €20,364 | €41,962 | +€21,597 | +106% |
| Other amounts receivable | 41 | €1,850 | - | -€1,850 | |
| Current investments | 50/53 | €1,300,000 | €1,300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €194,267 | €210,438 | +€16,171 | +8.3% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,018 | +€6 | +0.6% |
| Total equity and liabilities | 10/49 | €1,517,846 | €1,553,771 | +€35,924 | +2.4% |
| Equity | 10/15 | €1,487,904 | €1,112,866 | -€375,038 | -25.2% |
| Contributions | 10/11 | €71,972 | €71,972 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,972 | €6,972 | = | 0.0% |
| Share premium | 1100/10 | €6,972 | €6,972 | = | 0.0% |
| Reserves | 13 | €1,319,604 | €944,561 | -€375,043 | -28.4% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €1,313,104 | €938,061 | -€375,043 | -28.6% |
| Profit (loss) carried forward | 14 | €96,327 | €96,332 | +€5 | 0.0% |
| Amounts payable | 17/49 | €29,942 | €440,905 | +€410,963 | +1,373% |
| Amounts payable within one year | 42/48 | €29,835 | €440,815 | +€410,980 | +1,377% |
| Trade debts | 44 | €357 | €467 | +€110 | +31.0% |
| Suppliers | 440/4 | €357 | €467 | +€110 | +31.0% |
| Taxes, remuneration and social security | 45 | €21,840 | €52,948 | +€31,107 | +142% |
| Taxes | 450/3 | €17,057 | €48,068 | +€31,011 | +182% |
| Remuneration and social security | 454/9 | €4,784 | €4,880 | +€96 | +2.0% |
| Other amounts payable | 47/48 | €7,638 | €387,400 | +€379,762 | +4,972% |
| Accrued charges and deferred income | 492/3 | €107 | €90 | -€17 | -15.9% |
| Remuneration, social security and pensions | 62 | €36,399 | €37,514 | +€1,114 | +3.1% |
| Other operating charges | 640/8 | €1,522 | €1,529 | +€6 | +0.4% |
| Gross operating margin | 9900 | €97,834 | €170,466 | +€72,632 | +74.2% |
| Operating profit (loss) | 9901 | €59,913 | €131,424 | +€71,511 | +119% |
| Financial income | 75/76B | €34,474 | €37,243 | +€2,769 | +8.0% |
| Recurring financial income | 75 | €34,474 | €37,243 | +€2,769 | +8.0% |
| Financial charges | 65/66B | €398 | €414 | +€16 | +3.9% |
| Recurring financial charges | 65 | €398 | €414 | +€16 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €93,988 | €168,252 | +€74,264 | +79.0% |
| Income taxes | 67/77 | €29,932 | €54,048 | +€24,116 | +80.6% |
| Profit (loss) for the period | 9904 | €64,056 | €114,205 | +€50,148 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,056 | €114,205 | +€50,148 | +78.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.