IM-CAT: 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-CAT
Largest movements
- Current investments +€12,041
up €12,041 (+7.6%), from €157,546 to €169,587
- Cash -€8,985
down €8,985 (-85.1%), from €10,563 to €1,579
mainly Current investments (-€12,041) and Other debts (-€2,290)
- Reserves +€2,953
up €2,953 (+2.1%), from €144,009 to €146,962
of which Non-distributable reserves: +€4,247
- Profit (loss) carried forward +€2,394
up €2,394 (+81.1%), from €2,953 to €5,346
- Other debts -€2,290
down €2,290 (-89.6%), from €2,555 to €266
- Financial income +€2,014
up €2,014 (+27.9%), from €7,206 to €9,220
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 | €168,109 | €171,166 | +€3,057 | +1.8% |
| Current assets | 29/58 | €168,109 | €171,166 | +€3,057 | +1.8% |
| Current investments | 50/53 | €157,546 | €169,587 | +€12,041 | +7.6% |
| Cash at bank and in hand | 54/58 | €10,563 | €1,579 | -€8,985 | -85.1% |
| Total equity and liabilities | 10/49 | €168,109 | €171,166 | +€3,057 | +1.8% |
| Equity | 10/15 | €165,554 | €170,900 | +€5,346 | +3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €144,009 | €146,962 | +€2,953 | +2.1% |
| Non-distributable reserves | 130/1 | - | €4,247 | +€4,247 | |
| Legal reserve | 130 | - | €4,247 | +€4,247 | |
| Distributable reserves | 133 | €144,009 | €142,715 | -€1,294 | -0.9% |
| Profit (loss) carried forward | 14 | €2,953 | €5,346 | +€2,394 | +81.1% |
| Amounts payable | 17/49 | €2,555 | €266 | -€2,290 | -89.6% |
| Amounts payable within one year | 42/48 | €2,555 | €266 | -€2,290 | -89.6% |
| Other amounts payable | 47/48 | €2,555 | €266 | -€2,290 | -89.6% |
| Other operating charges | 640/8 | €1,801 | €665 | -€1,136 | -63.1% |
| Operating profit (loss) | 9901 | -€1,801 | -€665 | +€1,136 | +63.1% |
| Financial income | 75/76B | €7,206 | €9,220 | +€2,014 | +27.9% |
| Recurring financial income | 75 | €7,206 | €9,220 | +€2,014 | +27.9% |
| Financial charges | 65/66B | €684 | €364 | -€321 | -46.9% |
| Recurring financial charges | 65 | €684 | €364 | -€321 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €4,720 | €8,191 | +€3,470 | +73.5% |
| Income taxes | 67/77 | €1,768 | €2,845 | +€1,077 | +60.9% |
| Profit (loss) for the period | 9904 | €2,953 | €5,346 | +€2,394 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,953 | €5,346 | +€2,394 | +81.1% |
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 11 October 2026 via checked.be.