I.M.U. & Co: 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.U. & Co
Largest movements
- Receivables after one year +€13,024
up €13,024 (+15.8%), from €82,407 to €95,431
- Tangible fixed assets -€10,562
down €10,562 (-26.7%), from €39,526 to €28,964
of which Furniture and vehicles: -€9,295
- Receivables within one year -€4,805
down €4,805 (-1.6%), from €308,238 to €303,432
of which Other amounts receivable: -€4,172
- Other debts +€21,133
new in 2025: €21,133
- Tax, wage and social debts -€15,250
down €15,250 (-83.2%), from €18,340 to €3,090
- Profit (loss) carried forward -€12,328
down €12,328 (-8.0%), from €154,763 to €142,435
- Trade debts +€11,811
up €11,811 (+5.0%), from €237,966 to €249,777
- Advances received -€11,637
down €11,637 (-98.2%), from €11,845 to €208
- Gross operating margin -€34,692
down €34,692 (-82.5%), from €42,029 to €7,337
- Taxes -€7,389
down €7,389 (-98.4%), from €7,510 to €121
- Financial charges +€5,013
up €5,013 (+196%), from €2,561 to €7,574
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 | €444,448 | €437,103 | -€7,345 | -1.7% |
| Fixed assets | 21/28 | €44,704 | €34,142 | -€10,562 | -23.6% |
| Tangible fixed assets | 22/27 | €39,526 | €28,964 | -€10,562 | -26.7% |
| Plant, machinery and equipment | 23 | €5,723 | €4,456 | -€1,267 | -22.1% |
| Furniture and vehicles | 24 | €33,803 | €24,508 | -€9,295 | -27.5% |
| Financial fixed assets | 28 | €5,177 | €5,177 | = | 0.0% |
| Current assets | 29/58 | €399,744 | €402,961 | +€3,217 | +0.8% |
| Amounts receivable after more than one year | 29 | €82,407 | €95,431 | +€13,024 | +15.8% |
| Other amounts receivable | 291 | €82,407 | €95,431 | +€13,024 | +15.8% |
| Amounts receivable within one year | 40/41 | €308,238 | €303,432 | -€4,805 | -1.6% |
| Trade receivables | 40 | €288,296 | €287,663 | -€634 | -0.2% |
| Other amounts receivable | 41 | €19,941 | €15,770 | -€4,172 | -20.9% |
| Cash at bank and in hand | 54/58 | €7,668 | €4,098 | -€3,570 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,431 | - | -€1,431 | |
| Total equity and liabilities | 10/49 | €444,448 | €437,103 | -€7,345 | -1.7% |
| Equity | 10/15 | €175,223 | €162,895 | -€12,328 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,763 | €142,435 | -€12,328 | -8.0% |
| Amounts payable | 17/49 | €269,225 | €274,208 | +€4,983 | +1.9% |
| Amounts payable within one year | 42/48 | €269,225 | €274,208 | +€4,983 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €1,073 | - | -€1,073 | |
| Trade debts | 44 | €237,966 | €249,777 | +€11,811 | +5.0% |
| Suppliers | 440/4 | €237,966 | €249,777 | +€11,811 | +5.0% |
| Advances received on contracts in progress | 46 | €11,845 | €208 | -€11,637 | -98.2% |
| Taxes, remuneration and social security | 45 | €18,340 | €3,090 | -€15,250 | -83.2% |
| Taxes | 450/3 | €18,340 | €3,090 | -€15,250 | -83.2% |
| Other amounts payable | 47/48 | - | €21,133 | +€21,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,486 | €10,562 | +€76 | +0.7% |
| Other operating charges | 640/8 | €1,276 | €1,409 | +€132 | +10.4% |
| Gross operating margin | 9900 | €42,029 | €7,337 | -€34,692 | -82.5% |
| Operating profit (loss) | 9901 | €30,267 | -€4,633 | -€34,900 | |
| Financial charges | 65/66B | €2,561 | €7,574 | +€5,013 | +196% |
| Recurring financial charges | 65 | €2,561 | €7,574 | +€5,013 | +196% |
| Profit (loss) for the period before taxes | 9903 | €27,706 | -€12,207 | -€39,913 | |
| Income taxes | 67/77 | €7,510 | €121 | -€7,389 | -98.4% |
| Profit (loss) for the period | 9904 | €20,196 | -€12,328 | -€32,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,196 | -€12,328 | -€32,524 |
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 27 October 2026 via checked.be.