I-MANAGEMENT SOLUTIONS: 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-MANAGEMENT SOLUTIONS
Largest movements
- Receivables within one year +€29,433
up €29,433 (+45.4%), from €64,804 to €94,237
of which Trade receivables: +€31,053
- Cash -€18,326
down €18,326 (-85.2%), from €21,507 to €3,181
mainly Contributions, distributions and other (-€78,000) and Receivables within one year (-€29,433)
- Receivables after one year -€18,100
down €18,100 (-8.3%), from €219,383 to €201,283
- Deferred charges and accrued income -€10,345
down €10,345 (-41.3%), from €25,020 to €14,675
- Tangible fixed assets -€9,548
down €9,548 (-22.4%), from €42,705 to €33,157
of which Furniture and vehicles: -€6,149
- Reserves -€71,210
down €71,210 (-54.1%), from €131,651 to €60,441
- Other debts +€54,613
up €54,613 (+43.7%), from €125,037 to €179,650
- Debts after one year -€13,680
down €13,680 (-7.4%), from €184,380 to €170,700
of which Other amounts payable: -€13,680
- Gross operating margin -€17,843
down €17,843 (-31.2%), from €57,264 to €39,421
- Financial charges +€8,758
up €8,758 (+501%), from €1,750 to €10,508
of which Non-recurring financial charges: +€9,000
- Taxes -€7,397
down €7,397 (-51.2%), from €14,439 to €7,042
- Depreciation -€2,141
down €2,141 (-11.0%), from €19,434 to €17,294
- Other operating charges -€1,239
down €1,239 (-63.4%), from €1,953 to €714
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 | €476,919 | €441,034 | -€35,886 | -7.5% |
| Fixed assets | 21/28 | €146,205 | €127,657 | -€18,548 | -12.7% |
| Tangible fixed assets | 22/27 | €42,705 | €33,157 | -€9,548 | -22.4% |
| Plant, machinery and equipment | 23 | €5,334 | €2,877 | -€2,457 | -46.1% |
| Furniture and vehicles | 24 | €33,937 | €27,787 | -€6,149 | -18.1% |
| Other tangible fixed assets | 26 | €3,435 | €2,493 | -€942 | -27.4% |
| Financial fixed assets | 28 | €103,500 | €94,500 | -€9,000 | -8.7% |
| Current assets | 29/58 | €330,714 | €313,376 | -€17,338 | -5.2% |
| Amounts receivable after more than one year | 29 | €219,383 | €201,283 | -€18,100 | -8.3% |
| Other amounts receivable | 291 | €219,383 | €201,283 | -€18,100 | -8.3% |
| Amounts receivable within one year | 40/41 | €64,804 | €94,237 | +€29,433 | +45.4% |
| Trade receivables | 40 | €63,056 | €94,109 | +€31,053 | +49.2% |
| Other amounts receivable | 41 | €1,748 | €129 | -€1,619 | -92.6% |
| Cash at bank and in hand | 54/58 | €21,507 | €3,181 | -€18,326 | -85.2% |
| Deferred charges and accrued income | 490/1 | €25,020 | €14,675 | -€10,345 | -41.3% |
| Total equity and liabilities | 10/49 | €476,919 | €441,034 | -€35,886 | -7.5% |
| Equity | 10/15 | €144,390 | €73,187 | -€71,203 | -49.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,651 | €60,441 | -€71,210 | -54.1% |
| Distributable reserves | 133 | €131,651 | €60,441 | -€71,210 | -54.1% |
| Profit (loss) carried forward | 14 | €339 | €346 | +€7 | +1.9% |
| Amounts payable | 17/49 | €332,529 | €367,847 | +€35,318 | +10.6% |
| Amounts payable after more than one year | 17 | €184,380 | €170,700 | -€13,680 | -7.4% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €184,380 | €170,700 | -€13,680 | -7.4% |
| Amounts payable within one year | 42/48 | €145,828 | €194,346 | +€48,518 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €3,577 | €0 | -€3,577 | -100% |
| Trade debts | 44 | €3,616 | €1,488 | -€2,128 | -58.9% |
| Suppliers | 440/4 | €3,616 | €1,488 | -€2,128 | -58.9% |
| Advances received on contracts in progress | 46 | €3,630 | €3,630 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,968 | €9,579 | -€389 | -3.9% |
| Taxes | 450/3 | €9,968 | €9,579 | -€389 | -3.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €125,037 | €179,650 | +€54,613 | +43.7% |
| Accrued charges and deferred income | 492/3 | €2,321 | €2,800 | +€479 | +20.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €129 | €0 | -€129 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,434 | €17,294 | -€2,141 | -11.0% |
| Other operating charges | 640/8 | €1,953 | €714 | -€1,239 | -63.4% |
| Non-recurring operating charges | 66A | €0 | €630 | +€630 | |
| Gross operating margin | 9900 | €57,264 | €39,421 | -€17,843 | -31.2% |
| Operating profit (loss) | 9901 | €35,748 | €20,784 | -€14,964 | -41.9% |
| Financial income | 75/76B | €4,114 | €3,564 | -€550 | -13.4% |
| Recurring financial income | 75 | €4,114 | €3,564 | -€550 | -13.4% |
| Financial charges | 65/66B | €1,750 | €10,508 | +€8,758 | +501% |
| Recurring financial charges | 65 | €1,750 | €1,508 | -€242 | -13.8% |
| Non-recurring financial charges | 66B | - | €9,000 | +€9,000 | |
| Profit (loss) for the period before taxes | 9903 | €38,112 | €13,839 | -€24,273 | -63.7% |
| Income taxes | 67/77 | €14,439 | €7,042 | -€7,397 | -51.2% |
| Profit (loss) for the period | 9904 | €23,672 | €6,797 | -€16,876 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,672 | €6,797 | -€16,876 | -71.3% |
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.