IHMD: 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.
IHMD
Largest movements
- Stocks and contracts +€39,963
up €39,963 (+77.8%), from €51,350 to €91,313
- Tangible fixed assets -€28,769
down €28,769 (-26.9%), from €107,018 to €78,249
of which Furniture and vehicles: -€27,803
- Cash +€25,537
up €25,537 (+327.8%), from €7,791 to €33,328
mainly Trade debts (+€64,778) and Depreciation (+€30,742)
- Receivables within one year -€7,749
down €7,749 (-7.1%), from €109,595 to €101,846
of which Other amounts receivable: -€6,324
- Trade debts +€64,778
up €64,778 (+388.3%), from €16,684 to €81,462
- Debts after one year -€31,399
no longer reported in 2024 (was €31,399)
- Profit (loss) carried forward -€3,217
down €3,217 (-4.0%), from €79,709 to €76,492
- Staff costs +€62,010
up €62,010 (+56.4%), from €109,955 to €171,965
- Taxes -€13,021
down €13,021 (-98.8%), from €13,181 to €160
- Depreciation +€7,946
up €7,946 (+34.9%), from €22,796 to €30,742
- Gross operating margin +€3,990
up €3,990 (+2.0%), from €197,989 to €201,979
- Other operating charges -€3,773
down €3,773 (-64.2%), from €5,876 to €2,103
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,755 | €316,737 | +€28,982 | +10.1% |
| Fixed assets | 21/28 | €119,018 | €90,249 | -€28,769 | -24.2% |
| Tangible fixed assets | 22/27 | €107,018 | €78,249 | -€28,769 | -26.9% |
| Plant, machinery and equipment | 23 | €2,515 | €3,421 | +€906 | +36.0% |
| Furniture and vehicles | 24 | €95,153 | €67,350 | -€27,803 | -29.2% |
| Other tangible fixed assets | 26 | €9,350 | €7,478 | -€1,872 | -20.0% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €168,736 | €226,488 | +€57,751 | +34.2% |
| Stocks and contracts in progress | 3 | €51,350 | €91,313 | +€39,963 | +77.8% |
| Stocks | 30/36 | €51,350 | €91,313 | +€39,963 | +77.8% |
| Amounts receivable within one year | 40/41 | €109,595 | €101,846 | -€7,749 | -7.1% |
| Trade receivables | 40 | €64,575 | €63,150 | -€1,425 | -2.2% |
| Other amounts receivable | 41 | €45,020 | €38,696 | -€6,324 | -14.0% |
| Cash at bank and in hand | 54/58 | €7,791 | €33,328 | +€25,537 | +327.8% |
| Total equity and liabilities | 10/49 | €287,755 | €316,737 | +€28,982 | +10.1% |
| Equity | 10/15 | €225,169 | €221,952 | -€3,217 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €126,860 | €126,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,709 | €76,492 | -€3,217 | -4.0% |
| Amounts payable | 17/49 | €62,586 | €94,786 | +€32,200 | +51.4% |
| Amounts payable after more than one year | 17 | €31,399 | - | -€31,399 | |
| Other amounts payable | 178/9 | €31,399 | - | -€31,399 | |
| Amounts payable within one year | 42/48 | €31,187 | €94,746 | +€63,559 | +203.8% |
| Trade debts | 44 | €16,684 | €81,462 | +€64,778 | +388.3% |
| Suppliers | 440/4 | €16,684 | €81,462 | +€64,778 | +388.3% |
| Taxes, remuneration and social security | 45 | €13,591 | €11,610 | -€1,980 | -14.6% |
| Taxes | 450/3 | €8,309 | - | -€8,309 | |
| Remuneration and social security | 454/9 | €5,282 | €11,610 | +€6,329 | +119.8% |
| Other amounts payable | 47/48 | €912 | €1,674 | +€762 | +83.5% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Remuneration, social security and pensions | 62 | €109,955 | €171,965 | +€62,010 | +56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,796 | €30,742 | +€7,946 | +34.9% |
| Other operating charges | 640/8 | €5,876 | €2,103 | -€3,773 | -64.2% |
| Gross operating margin | 9900 | €197,989 | €201,979 | +€3,990 | +2.0% |
| Operating profit (loss) | 9901 | €59,363 | -€2,832 | -€62,194 | |
| Financial income | 75/76B | - | €438 | +€438 | |
| Recurring financial income | 75 | - | €438 | +€438 | |
| Financial charges | 65/66B | €1,018 | €663 | -€354 | -34.8% |
| Recurring financial charges | 65 | €1,018 | €663 | -€354 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €58,345 | -€3,057 | -€61,402 | |
| Income taxes | 67/77 | €13,181 | €160 | -€13,021 | -98.8% |
| Profit (loss) for the period | 9904 | €45,164 | -€3,217 | -€48,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,164 | -€3,217 | -€48,381 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.