IFME PROJECTS: 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.
IFME PROJECTS
Largest movements
- Cash +€232,364
up €232,364 (+1,056%), from €22,002 to €254,366
mainly Current investments (+€190,000) and Net result for the year (+€98,668)
- Current investments -€190,000
no longer reported in 2025 (was €190,000)
- Receivables within one year +€55,791
up €55,791 (+211%), from €26,423 to €82,213
of which Trade receivables: +€50,472
- Tangible fixed assets +€51,160
up €51,160 (+129%), from €39,791 to €90,951
of which Furniture and vehicles: +€50,965
- Reserves +€98,668
up €98,668 (+45.8%), from €215,568 to €314,236
- Debts after one year +€41,921
up €41,921 (+252%), from €16,666 to €58,587
- Trade debts +€20,601
up €20,601 (+314%), from €6,557 to €27,158
- Tax, wage and social debts -€13,504
down €13,504 (-61.6%), from €21,922 to €8,418
- Gross operating margin +€54,305
up €54,305 (+73.0%), from €74,385 to €128,690
- Taxes +€14,117
up €14,117 (+109%), from €12,975 to €27,092
- Depreciation -€9,302
down €9,302 (-66.1%), from €14,076 to €4,775
- Financial income +€2,028
up €2,028 (+84.6%), from €2,396 to €4,424
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 | €278,716 | €428,030 | +€149,315 | +53.6% |
| Fixed assets | 21/28 | €40,291 | €91,451 | +€51,160 | +127% |
| Tangible fixed assets | 22/27 | €39,791 | €90,951 | +€51,160 | +129% |
| Plant, machinery and equipment | 23 | €5,043 | €5,238 | +€195 | +3.9% |
| Furniture and vehicles | 24 | €34,748 | €85,713 | +€50,965 | +147% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €238,425 | €336,579 | +€98,155 | +41.2% |
| Amounts receivable within one year | 40/41 | €26,423 | €82,213 | +€55,791 | +211% |
| Trade receivables | 40 | €26,423 | €76,895 | +€50,472 | +191% |
| Other amounts receivable | 41 | - | €5,319 | +€5,319 | |
| Current investments | 50/53 | €190,000 | - | -€190,000 | |
| Cash at bank and in hand | 54/58 | €22,002 | €254,366 | +€232,364 | +1,056% |
| Total equity and liabilities | 10/49 | €278,716 | €428,030 | +€149,315 | +53.6% |
| Equity | 10/15 | €218,068 | €316,736 | +€98,668 | +45.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €215,568 | €314,236 | +€98,668 | +45.8% |
| Distributable reserves | 133 | €215,568 | €314,236 | +€98,668 | +45.8% |
| Amounts payable | 17/49 | €60,648 | €111,294 | +€50,647 | +83.5% |
| Amounts payable after more than one year | 17 | €16,666 | €58,587 | +€41,921 | +252% |
| Financial debts | 170/4 | €16,666 | €58,587 | +€41,921 | +252% |
| Amounts payable within one year | 42/48 | €43,982 | €52,707 | +€8,726 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €11,567 | €14,107 | +€2,540 | +22.0% |
| Trade debts | 44 | €6,557 | €27,158 | +€20,601 | +314% |
| Suppliers | 440/4 | €6,557 | €27,158 | +€20,601 | +314% |
| Advances received on contracts in progress | 46 | €3,025 | €3,025 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,922 | €8,418 | -€13,504 | -61.6% |
| Taxes | 450/3 | €21,922 | €8,418 | -€13,504 | -61.6% |
| Other amounts payable | 47/48 | €911 | - | -€911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,076 | €4,775 | -€9,302 | -66.1% |
| Other operating charges | 640/8 | €384 | €1,659 | +€1,275 | +332% |
| Gross operating margin | 9900 | €74,385 | €128,690 | +€54,305 | +73.0% |
| Operating profit (loss) | 9901 | €59,925 | €122,256 | +€62,331 | +104% |
| Financial income | 75/76B | €2,396 | €4,424 | +€2,028 | +84.6% |
| Recurring financial income | 75 | €2,396 | €4,424 | +€2,028 | +84.6% |
| Financial charges | 65/66B | €654 | €920 | +€266 | +40.7% |
| Recurring financial charges | 65 | €654 | €920 | +€266 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €61,667 | €125,760 | +€64,093 | +104% |
| Income taxes | 67/77 | €12,975 | €27,092 | +€14,117 | +109% |
| Profit (loss) for the period | 9904 | €48,692 | €98,668 | +€49,976 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €48,692 | €98,668 | +€49,976 | +103% |
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 19 October 2026 via checked.be.