IAMD: 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.
IAMD
Largest movements
- Receivables within one year -€103,463
down €103,463 (-34.6%), from €299,004 to €195,541
of which Trade receivables: -€74,438
- Deferred charges and accrued income +€23,966
up €23,966 (+233.6%), from €10,259 to €34,224
- Cash +€19,906
up €19,906 (+53.4%), from €37,291 to €57,198
mainly Receivables within one year (+€103,463) and Net result for the year (+€24,444)
- Trade debts -€50,546
down €50,546 (-47.4%), from €106,741 to €56,195
- Reserves +€24,444
up €24,444 (+15.0%), from €162,958 to €187,402
- Tax, wage and social debts -€24,253
down €24,253 (-28.9%), from €83,940 to €59,687
of which Remuneration and social security: -€13,344
- Debts after one year -€5,041
down €5,041 (-56.6%), from €8,907 to €3,867
- Advances received -€4,203
down €4,203 (-69.8%), from €6,022 to €1,818
- Staff costs +€118,085
up €118,085 (+39.8%), from €296,829 to €414,915
- Gross operating margin +€70,253
up €70,253 (+17.6%), from €399,657 to €469,911
- Write-downs -€10,613
no longer reported in 2025 (was €10,613)
- Taxes -€10,158
down €10,158 (-35.2%), from €28,844 to €18,686
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 | €376,561 | €317,011 | -€59,550 | -15.8% |
| Fixed assets | 21/28 | €30,007 | €30,048 | +€42 | +0.1% |
| Tangible fixed assets | 22/27 | €17,667 | €17,708 | +€42 | +0.2% |
| Plant, machinery and equipment | 23 | €4,931 | €3,519 | -€1,412 | -28.6% |
| Furniture and vehicles | 24 | €12,735 | €10,875 | -€1,860 | -14.6% |
| Other tangible fixed assets | 26 | - | €3,314 | +€3,314 | |
| Financial fixed assets | 28 | €12,340 | €12,340 | = | 0.0% |
| Current assets | 29/58 | €346,554 | €286,963 | -€59,591 | -17.2% |
| Amounts receivable within one year | 40/41 | €299,004 | €195,541 | -€103,463 | -34.6% |
| Trade receivables | 40 | €250,036 | €175,598 | -€74,438 | -29.8% |
| Other amounts receivable | 41 | €48,968 | €19,943 | -€29,025 | -59.3% |
| Cash at bank and in hand | 54/58 | €37,291 | €57,198 | +€19,906 | +53.4% |
| Deferred charges and accrued income | 490/1 | €10,259 | €34,224 | +€23,966 | +233.6% |
| Total equity and liabilities | 10/49 | €376,561 | €317,011 | -€59,550 | -15.8% |
| Equity | 10/15 | €165,958 | €190,402 | +€24,444 | +14.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €162,958 | €187,402 | +€24,444 | +15.0% |
| Distributable reserves | 133 | €162,958 | €187,402 | +€24,444 | +15.0% |
| Amounts payable | 17/49 | €210,603 | €126,608 | -€83,994 | -39.9% |
| Amounts payable after more than one year | 17 | €8,907 | €3,867 | -€5,041 | -56.6% |
| Financial debts | 170/4 | €8,907 | €3,867 | -€5,041 | -56.6% |
| Amounts payable within one year | 42/48 | €201,584 | €122,742 | -€78,843 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €4,881 | €5,041 | +€159 | +3.3% |
| Trade debts | 44 | €106,741 | €56,195 | -€50,546 | -47.4% |
| Suppliers | 440/4 | €106,741 | €56,195 | -€50,546 | -47.4% |
| Advances received on contracts in progress | 46 | €6,022 | €1,818 | -€4,203 | -69.8% |
| Taxes, remuneration and social security | 45 | €83,940 | €59,687 | -€24,253 | -28.9% |
| Taxes | 450/3 | €42,501 | €31,593 | -€10,908 | -25.7% |
| Remuneration and social security | 454/9 | €41,439 | €28,095 | -€13,344 | -32.2% |
| Accrued charges and deferred income | 492/3 | €111 | - | -€111 | |
| Remuneration, social security and pensions | 62 | €296,829 | €414,915 | +€118,085 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,820 | €6,174 | +€353 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,613 | - | -€10,613 | |
| Other operating charges | 640/8 | €1,337 | €558 | -€779 | -58.3% |
| Gross operating margin | 9900 | €399,657 | €469,911 | +€70,253 | +17.6% |
| Operating profit (loss) | 9901 | €85,057 | €48,264 | -€36,793 | -43.3% |
| Financial income | 75/76B | €2,093 | €2,333 | +€240 | +11.5% |
| Recurring financial income | 75 | €2,093 | €2,333 | +€240 | +11.5% |
| Financial charges | 65/66B | €3,417 | €7,468 | +€4,050 | +118.5% |
| Recurring financial charges | 65 | €3,417 | €7,468 | +€4,050 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €83,733 | €43,130 | -€40,603 | -48.5% |
| Income taxes | 67/77 | €28,844 | €18,686 | -€10,158 | -35.2% |
| Profit (loss) for the period | 9904 | €54,889 | €24,444 | -€30,445 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,889 | €24,444 | -€30,445 | -55.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.