I.M.T.: 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.T.
Largest movements
- Receivables within one year +€45,210
up €45,210 (+17.9%), from €252,171 to €297,380
of which Other amounts receivable: +€38,164
- Cash -€33,869
down €33,869 (-42.8%), from €79,113 to €45,244
mainly Receivables within one year (-€45,210) and Contributions, distributions and other (-€29,000)
- Tangible fixed assets -€15,700
down €15,700 (-6.6%), from €239,123 to €223,423
of which Land and buildings: -€9,936
- Other debts +€27,295
new in 2025: €27,295
- Reserves -€21,089
down €21,089 (-8.6%), from €245,599 to €224,510
of which Distributable reserves: -€17,000
- Tax, wage and social debts -€12,463
down €12,463 (-48.0%), from €25,956 to €13,493
- Depreciation -€290
down €290 (-1.8%), from €15,990 to €15,700
- Taxes +€233
up €233 (+4.3%), from €5,456 to €5,688
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 | €570,778 | €566,418 | -€4,360 | -0.8% |
| Fixed assets | 21/28 | €239,493 | €223,794 | -€15,700 | -6.6% |
| Tangible fixed assets | 22/27 | €239,123 | €223,423 | -€15,700 | -6.6% |
| Land and buildings | 22 | €201,653 | €191,717 | -€9,936 | -4.9% |
| Plant, machinery and equipment | 23 | €37,470 | €31,706 | -€5,764 | -15.4% |
| Financial fixed assets | 28 | €371 | €371 | = | 0.0% |
| Current assets | 29/58 | €331,284 | €342,624 | +€11,340 | +3.4% |
| Amounts receivable within one year | 40/41 | €252,171 | €297,380 | +€45,210 | +17.9% |
| Trade receivables | 40 | €27,597 | €34,643 | +€7,046 | +25.5% |
| Other amounts receivable | 41 | €224,574 | €262,737 | +€38,164 | +17.0% |
| Cash at bank and in hand | 54/58 | €79,113 | €45,244 | -€33,869 | -42.8% |
| Total equity and liabilities | 10/49 | €570,778 | €566,418 | -€4,360 | -0.8% |
| Equity | 10/15 | €514,594 | €494,545 | -€20,049 | -3.9% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €245,599 | €224,510 | -€21,089 | -8.6% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,684 | €86,594 | -€4,089 | -4.5% |
| Distributable reserves | 133 | €145,000 | €128,000 | -€17,000 | -11.7% |
| Profit (loss) carried forward | 14 | €169,837 | €170,878 | +€1,041 | +0.6% |
| Provisions and deferred taxes | 16 | €30,228 | €28,865 | -€1,363 | -4.5% |
| Deferred taxes | 168 | €30,228 | €28,865 | -€1,363 | -4.5% |
| Amounts payable | 17/49 | €25,956 | €43,008 | +€17,052 | +65.7% |
| Amounts payable within one year | 42/48 | €25,956 | €43,008 | +€17,052 | +65.7% |
| Trade debts | 44 | - | €2,219 | +€2,219 | |
| Suppliers | 440/4 | - | €2,219 | +€2,219 | |
| Taxes, remuneration and social security | 45 | €25,956 | €13,493 | -€12,463 | -48.0% |
| Taxes | 450/3 | €25,956 | €13,493 | -€12,463 | -48.0% |
| Other amounts payable | 47/48 | - | €27,295 | +€27,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,990 | €15,700 | -€290 | -1.8% |
| Other operating charges | 640/8 | €2,093 | €2,159 | +€66 | +3.1% |
| Gross operating margin | 9900 | €17,994 | €18,120 | +€126 | +0.7% |
| Operating profit (loss) | 9901 | -€89 | €261 | +€350 | |
| Financial income | 75/76B | €13,117 | €13,204 | +€87 | +0.7% |
| Recurring financial income | 75 | €13,117 | €13,204 | +€87 | +0.7% |
| Financial charges | 65/66B | €174 | €189 | +€15 | +8.3% |
| Recurring financial charges | 65 | €174 | €189 | +€15 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €12,854 | €13,277 | +€423 | +3.3% |
| Transfer from deferred taxes | 780 | €1,363 | €1,363 | = | 0.0% |
| Income taxes | 67/77 | €5,456 | €5,688 | +€233 | +4.3% |
| Profit (loss) for the period | 9904 | €8,761 | €8,951 | +€191 | +2.2% |
| Transfer from tax-exempt reserves | 789 | €4,089 | €4,089 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,850 | €13,041 | +€191 | +1.5% |
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 30 October 2026 via checked.be.