IIMF: 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.
IIMF
Largest movements
- Receivables within one year -€24,346
down €24,346 (-67.1%), from €36,300 to €11,954
of which Trade receivables: -€31,300
- Cash +€10,260
up €10,260 (+122%), from €8,398 to €18,658
mainly Receivables within one year (+€24,346) and Trade debts (+€624)
- Tangible fixed assets +€1,260
new in 2025: €1,260
- Tax, wage and social debts -€11,397
down €11,397 (-49.5%), from €23,037 to €11,640
of which Remuneration and social security: -€5,800
- Profit (loss) carried forward -€1,194
down €1,194, from €0 to -€1,194
- Other debts -€859
down €859 (-100%), from €859 to €0
- Trade debts +€624
up €624 (+180%), from €347 to €971
- Gross operating margin -€22,937
down €22,937, from €22,148 to -€789
- Taxes -€4,404
down €4,404 (-100%), from €4,404 to €0
- Other operating charges -€237
down €237 (-61.3%), from €387 to €150
- Depreciation +€224
new in 2025: €224
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 | €44,698 | €31,872 | -€12,826 | -28.7% |
| Fixed assets | 21/28 | - | €1,260 | +€1,260 | |
| Tangible fixed assets | 22/27 | - | €1,260 | +€1,260 | |
| Furniture and vehicles | 24 | - | €1,260 | +€1,260 | |
| Current assets | 29/58 | €44,698 | €30,612 | -€14,086 | -31.5% |
| Amounts receivable within one year | 40/41 | €36,300 | €11,954 | -€24,346 | -67.1% |
| Trade receivables | 40 | €36,300 | €5,000 | -€31,300 | -86.2% |
| Other amounts receivable | 41 | - | €6,954 | +€6,954 | |
| Cash at bank and in hand | 54/58 | €8,398 | €18,658 | +€10,260 | +122% |
| Total equity and liabilities | 10/49 | €44,698 | €31,872 | -€12,826 | -28.7% |
| Equity | 10/15 | €20,456 | €19,262 | -€1,194 | -5.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,456 | €16,456 | = | 0.0% |
| Distributable reserves | 133 | €16,456 | €16,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,194 | -€1,194 | |
| Amounts payable | 17/49 | €24,242 | €12,610 | -€11,632 | -48.0% |
| Amounts payable within one year | 42/48 | €24,242 | €12,610 | -€11,632 | -48.0% |
| Trade debts | 44 | €347 | €971 | +€624 | +180% |
| Suppliers | 440/4 | €347 | €971 | +€624 | +180% |
| Taxes, remuneration and social security | 45 | €23,037 | €11,640 | -€11,397 | -49.5% |
| Taxes | 450/3 | €17,237 | €11,640 | -€5,597 | -32.5% |
| Remuneration and social security | 454/9 | €5,800 | €0 | -€5,800 | -100% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €224 | +€224 | |
| Other operating charges | 640/8 | €387 | €150 | -€237 | -61.3% |
| Gross operating margin | 9900 | €22,148 | -€789 | -€22,937 | |
| Operating profit (loss) | 9901 | €21,761 | -€1,164 | -€22,924 | |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €42 | €62 | +€20 | +48.1% |
| Recurring financial charges | 65 | €42 | €62 | +€20 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €21,719 | -€1,194 | -€22,913 | |
| Income taxes | 67/77 | €4,404 | €0 | -€4,404 | -100% |
| Profit (loss) for the period | 9904 | €17,315 | -€1,194 | -€18,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,315 | -€1,194 | -€18,509 |
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 15 October 2026 via checked.be.