IM-BO: 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.
IM-BO
Largest movements
- Receivables after one year -€22,000
down €22,000 (-46.5%), from €47,333 to €25,333
- Receivables within one year -€7,205
down €7,205 (-42.9%), from €16,810 to €9,605
- Cash -€1,005
down €1,005 (-63.3%), from €1,587 to €582
mainly Net result for the year (-€28,647) and Contributions, distributions and other (-€1,833)
- Profit (loss) carried forward -€30,480
down €30,480, from €28,932 to -€1,548
- Other debts +€1,833
new in 2025: €1,833
- Tax, wage and social debts -€1,563
down €1,563 (-58.7%), from €2,663 to €1,100
- Gross operating margin -€18,432
down €18,432 (-170.9%), from -€10,784 to -€29,216
- Financial income -€517
down €517 (-29.5%), from €1,750 to €1,233
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 | €65,730 | €35,520 | -€30,210 | -46.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €65,730 | €35,520 | -€30,210 | -46.0% |
| Amounts receivable after more than one year | 29 | €47,333 | €25,333 | -€22,000 | -46.5% |
| Other amounts receivable | 291 | €47,333 | €25,333 | -€22,000 | -46.5% |
| Amounts receivable within one year | 40/41 | €16,810 | €9,605 | -€7,205 | -42.9% |
| Trade receivables | 40 | €16,810 | €9,605 | -€7,205 | -42.9% |
| Cash at bank and in hand | 54/58 | €1,587 | €582 | -€1,005 | -63.3% |
| Total equity and liabilities | 10/49 | €65,730 | €35,520 | -€30,210 | -46.0% |
| Equity | 10/15 | €63,067 | €32,587 | -€30,480 | -48.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,135 | €14,135 | = | 0.0% |
| Distributable reserves | 133 | €14,135 | €14,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,932 | -€1,548 | -€30,480 | |
| Amounts payable | 17/49 | €2,663 | €2,933 | +€270 | +10.1% |
| Amounts payable within one year | 42/48 | €2,663 | €2,933 | +€270 | +10.1% |
| Taxes, remuneration and social security | 45 | €2,663 | €1,100 | -€1,563 | -58.7% |
| Taxes | 450/3 | €2,663 | €1,100 | -€1,563 | -58.7% |
| Other amounts payable | 47/48 | - | €1,833 | +€1,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €566 | €579 | +€12 | +2.2% |
| Non-recurring operating charges | 66A | €3,097 | - | -€3,097 | |
| Gross operating margin | 9900 | -€10,784 | -€29,216 | -€18,432 | -170.9% |
| Operating profit (loss) | 9901 | -€14,447 | -€29,794 | -€15,347 | -106.2% |
| Financial income | 75/76B | €1,750 | €1,233 | -€517 | -29.5% |
| Recurring financial income | 75 | €1,750 | €1,233 | -€517 | -29.5% |
| Financial charges | 65/66B | €39 | €86 | +€46 | +119.1% |
| Recurring financial charges | 65 | €39 | €86 | +€46 | +119.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,737 | -€28,647 | -€15,910 | -124.9% |
| Profit (loss) for the period | 9904 | -€12,737 | -€28,647 | -€15,910 | -124.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,737 | -€28,647 | -€15,910 | -124.9% |
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 9 October 2026 via checked.be.