IM & CO 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.
IM & CO PROJECTS
Largest movements
- Receivables within one year +€65,171
up €65,171 (+160%), from €40,660 to €105,831
of which Other amounts receivable: +€39,852
- Receivables after one year -€4,800
down €4,800 (-15.4%), from €31,200 to €26,400
- Deferred charges and accrued income +€3,065
up €3,065 (+3,282%), from €93 to €3,158
- Reserves +€25,767
up €25,767 (+51.4%), from €50,137 to €75,904
- Trade debts +€13,253
up €13,253 (+221%), from €6,007 to €19,260
- Debts after one year +€8,664
new in 2025: €8,664
- Current portion of long-term debt +€8,105
up €8,105, from €0 to €8,105
- Tax, wage and social debts +€7,082
up €7,082 (+60.0%), from €11,806 to €18,888
- Gross operating margin +€16,351
up €16,351 (+46.7%), from €35,004 to €51,354
- Taxes +€7,456
up €7,456 (+109%), from €6,818 to €14,274
- Financial charges +€4,566
up €4,566 (+184%), from €2,486 to €7,052
- Other operating charges +€818
up €818 (+52.5%), from €1,559 to €2,377
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 | €75,803 | €138,470 | +€62,667 | +82.7% |
| Fixed assets | 21/28 | €3,623 | €3,080 | -€543 | -15.0% |
| Tangible fixed assets | 22/27 | €3,173 | €2,630 | -€543 | -17.1% |
| Plant, machinery and equipment | 23 | €3,173 | €2,630 | -€543 | -17.1% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €72,180 | €135,390 | +€63,211 | +87.6% |
| Amounts receivable after more than one year | 29 | €31,200 | €26,400 | -€4,800 | -15.4% |
| Trade receivables | 290 | €31,200 | €26,400 | -€4,800 | -15.4% |
| Amounts receivable within one year | 40/41 | €40,660 | €105,831 | +€65,171 | +160% |
| Trade receivables | 40 | €12,555 | €37,874 | +€25,319 | +202% |
| Other amounts receivable | 41 | €28,106 | €67,958 | +€39,852 | +142% |
| Cash at bank and in hand | 54/58 | €226 | €1 | -€225 | -99.8% |
| Deferred charges and accrued income | 490/1 | €93 | €3,158 | +€3,065 | +3,282% |
| Total equity and liabilities | 10/49 | €75,803 | €138,470 | +€62,667 | +82.7% |
| Equity | 10/15 | €51,137 | €76,904 | +€25,767 | +50.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,137 | €75,904 | +€25,767 | +51.4% |
| Distributable reserves | 133 | €50,137 | €75,904 | +€25,767 | +51.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,666 | €61,566 | +€36,900 | +150% |
| Amounts payable after more than one year | 17 | - | €8,664 | +€8,664 | |
| Financial debts | 170/4 | - | €8,664 | +€8,664 | |
| Amounts payable within one year | 42/48 | €24,666 | €52,901 | +€28,235 | +114% |
| Current portion of amounts payable after more than one year | 42 | €0 | €8,105 | +€8,105 | |
| Financial debts | 43 | - | €5,993 | +€5,993 | |
| Credit institutions | 430/8 | - | €2,466 | +€2,466 | |
| Other loans | 439 | - | €3,527 | +€3,527 | |
| Trade debts | 44 | €6,007 | €19,260 | +€13,253 | +221% |
| Suppliers | 440/4 | €6,007 | €19,260 | +€13,253 | +221% |
| Taxes, remuneration and social security | 45 | €11,806 | €18,888 | +€7,082 | +60.0% |
| Taxes | 450/3 | €11,806 | €18,888 | +€7,082 | +60.0% |
| Other amounts payable | 47/48 | €6,853 | €656 | -€6,198 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,900 | €1,885 | -€15 | -0.8% |
| Other operating charges | 640/8 | €1,559 | €2,377 | +€818 | +52.5% |
| Gross operating margin | 9900 | €35,004 | €51,354 | +€16,351 | +46.7% |
| Operating profit (loss) | 9901 | €31,545 | €47,093 | +€15,548 | +49.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,486 | €7,052 | +€4,566 | +184% |
| Recurring financial charges | 65 | €2,486 | €7,052 | +€4,566 | +184% |
| Profit (loss) for the period before taxes | 9903 | €29,058 | €40,041 | +€10,983 | +37.8% |
| Income taxes | 67/77 | €6,818 | €14,274 | +€7,456 | +109% |
| Profit (loss) for the period | 9904 | €22,240 | €25,767 | +€3,527 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,240 | €25,767 | +€3,527 | +15.9% |
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 14 October 2026 via checked.be.