I'MMSPRO: what changed
Two fiscal 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'MMSPRO
Largest movements
- Tangible fixed assets -€118,995
down €118,995 (-5.2%), from €2.3m to €2.1m
of which Land and buildings: -€91,725
- Receivables within one year -€63,051
down €63,051 (-97.5%), from €64,640 to €1,588
of which Trade receivables: -€42,249
- Reserves -€100,309
down €100,309 (-38.4%), from €261,520 to €161,211
of which Distributable reserves: -€100,309
- Trade debts -€76,917
down €76,917 (-80.3%), from €95,760 to €18,843
- Financial charges +€28,619
up €28,619 (+345.9%), from €8,273 to €36,893
- Taxes +€15,246
new in 2025: €15,246
- Other operating charges -€14,564
down €14,564 (-60.6%), from €24,049 to €9,485
- Gross operating margin -€9,444
down €9,444 (-10.1%), from €93,621 to €84,177
- Depreciation +€5,634
up €5,634 (+4.9%), from €114,162 to €119,795
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.
Cash bridge derived
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 | €2,443,776 | €2,282,938 | -€160,838 | -6.6% |
| Fixed assets | 21/28 | €2,270,862 | €2,151,867 | -€118,995 | -5.2% |
| Tangible fixed assets | 22/27 | €2,268,386 | €2,149,391 | -€118,995 | -5.2% |
| Land and buildings | 22 | €2,105,546 | €2,013,821 | -€91,725 | -4.4% |
| Plant, machinery and equipment | 23 | €15,106 | €12,590 | -€2,516 | -16.7% |
| Furniture and vehicles | 24 | €63,034 | €52,980 | -€10,054 | -16.0% |
| Assets under construction and advance payments | 27 | €84,700 | €70,000 | -€14,700 | -17.4% |
| Financial fixed assets | 28 | €2,476 | €2,476 | = | 0.0% |
| Current assets | 29/58 | €172,914 | €131,071 | -€41,843 | -24.2% |
| Amounts receivable within one year | 40/41 | €64,640 | €1,588 | -€63,051 | -97.5% |
| Trade receivables | 40 | €42,592 | €343 | -€42,249 | -99.2% |
| Other amounts receivable | 41 | €22,047 | €1,245 | -€20,802 | -94.4% |
| Cash at bank and in hand | 54/58 | €106,547 | €129,094 | +€22,547 | +21.2% |
| Deferred charges and accrued income | 490/1 | €1,728 | €389 | -€1,339 | -77.5% |
| Total equity and liabilities | 10/49 | €2,443,776 | €2,282,938 | -€160,838 | -6.6% |
| Equity | 10/15 | €707,710 | €607,401 | -€100,309 | -14.2% |
| Contributions | 10/11 | €446,191 | €446,191 | = | 0.0% |
| Capital | 10 | €446,191 | €446,191 | = | 0.0% |
| Issued capital | 100 | €446,191 | €446,191 | = | 0.0% |
| Reserves | 13 | €261,520 | €161,211 | -€100,309 | -38.4% |
| Non-distributable reserves | 130/1 | €18,372 | €18,372 | = | 0.0% |
| Legal reserve | 130 | €18,372 | €18,372 | = | 0.0% |
| Distributable reserves | 133 | €243,148 | €142,839 | -€100,309 | -41.3% |
| Amounts payable | 17/49 | €1,736,065 | €1,675,537 | -€60,529 | -3.5% |
| Amounts payable after more than one year | 17 | €1,620,000 | €1,620,000 | = | 0.0% |
| Financial debts | 170/4 | €1,620,000 | €1,620,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,490 | €18,843 | -€78,648 | -80.7% |
| Trade debts | 44 | €95,760 | €18,843 | -€76,917 | -80.3% |
| Suppliers | 440/4 | €95,760 | €18,843 | -€76,917 | -80.3% |
| Taxes, remuneration and social security | 45 | €1,730 | - | -€1,730 | |
| Taxes | 450/3 | €1,730 | - | -€1,730 | |
| Accrued charges and deferred income | 492/3 | €18,575 | €36,694 | +€18,119 | +97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,162 | €119,795 | +€5,634 | +4.9% |
| Other operating charges | 640/8 | €24,049 | €9,485 | -€14,564 | -60.6% |
| Non-recurring operating charges | 66A | €4,706 | €3,068 | -€1,638 | -34.8% |
| Gross operating margin | 9900 | €93,621 | €84,177 | -€9,444 | -10.1% |
| Operating profit (loss) | 9901 | -€49,295 | -€48,171 | +€1,124 | +2.3% |
| Financial charges | 65/66B | €8,273 | €36,893 | +€28,619 | +345.9% |
| Recurring financial charges | 65 | €8,273 | €36,893 | +€28,619 | +345.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,568 | -€85,063 | -€27,495 | -47.8% |
| Income taxes | 67/77 | - | €15,246 | +€15,246 | |
| Profit (loss) for the period | 9904 | -€57,568 | -€100,309 | -€42,741 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,568 | -€100,309 | -€42,741 | -74.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.