IM COMPANY: 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 COMPANY
Largest movements
- Cash -€32,143
down €32,143 (-78.8%), from €40,782 to €8,639
mainly Investment in fixed assets (net) (-€35,555) and Receivables within one year (-€12,373)
- Tangible fixed assets +€28,651
up €28,651 (+1,010%), from €2,836 to €31,487
of which Furniture and vehicles: +€23,428
- Receivables within one year +€12,373
up €12,373 (+474%), from €2,609 to €14,981
of which Trade receivables: +€9,075
- Profit (loss) carried forward +€5,902
new in 2025: €5,902
- Trade debts +€1,780
up €1,780 (+870%), from €205 to €1,985
- Tax, wage and social debts +€1,671
up €1,671 (+116%), from €1,436 to €3,107
- Depreciation +€6,127
up €6,127 (+788%), from €778 to €6,905
- Gross operating margin -€5,826
down €5,826 (-24.9%), from €23,393 to €17,567
- Taxes -€2,534
down €2,534 (-53.3%), from €4,755 to €2,221
- Other operating charges +€1,408
up €1,408 (+152%), from €923 to €2,331
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 | €46,270 | €55,623 | +€9,353 | +20.2% |
| Fixed assets | 21/28 | €2,836 | €31,487 | +€28,651 | +1,010% |
| Tangible fixed assets | 22/27 | €2,836 | €31,487 | +€28,651 | +1,010% |
| Plant, machinery and equipment | 23 | €2,836 | €2,632 | -€204 | -7.2% |
| Furniture and vehicles | 24 | - | €23,428 | +€23,428 | |
| Other tangible fixed assets | 26 | - | €5,427 | +€5,427 | |
| Current assets | 29/58 | €43,434 | €24,136 | -€19,297 | -44.4% |
| Amounts receivable within one year | 40/41 | €2,609 | €14,981 | +€12,373 | +474% |
| Trade receivables | 40 | - | €9,075 | +€9,075 | |
| Other amounts receivable | 41 | €2,609 | €5,906 | +€3,298 | +126% |
| Cash at bank and in hand | 54/58 | €40,782 | €8,639 | -€32,143 | -78.8% |
| Deferred charges and accrued income | 490/1 | €43 | €516 | +€473 | +1,101% |
| Total equity and liabilities | 10/49 | €46,270 | €55,623 | +€9,353 | +20.2% |
| Equity | 10/15 | €44,629 | €50,531 | +€5,902 | +13.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,629 | €41,629 | = | 0.0% |
| Distributable reserves | 133 | €41,629 | €41,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,902 | +€5,902 | |
| Amounts payable | 17/49 | €1,641 | €5,092 | +€3,451 | +210% |
| Amounts payable within one year | 42/48 | €1,641 | €5,092 | +€3,451 | +210% |
| Trade debts | 44 | €205 | €1,985 | +€1,780 | +870% |
| Suppliers | 440/4 | €205 | €1,985 | +€1,780 | +870% |
| Taxes, remuneration and social security | 45 | €1,436 | €3,107 | +€1,671 | +116% |
| Taxes | 450/3 | €1,436 | €3,107 | +€1,671 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €6,905 | +€6,127 | +788% |
| Other operating charges | 640/8 | €923 | €2,331 | +€1,408 | +152% |
| Gross operating margin | 9900 | €23,393 | €17,567 | -€5,826 | -24.9% |
| Operating profit (loss) | 9901 | €21,692 | €8,331 | -€13,361 | -61.6% |
| Financial income | 75/76B | €72 | €61 | -€12 | -16.0% |
| Recurring financial income | 75 | €72 | €61 | -€12 | -16.0% |
| Financial charges | 65/66B | €269 | €268 | -€1 | -0.4% |
| Recurring financial charges | 65 | €269 | €268 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €21,495 | €8,124 | -€13,371 | -62.2% |
| Income taxes | 67/77 | €4,755 | €2,221 | -€2,534 | -53.3% |
| Profit (loss) for the period | 9904 | €16,740 | €5,902 | -€10,838 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,740 | €5,902 | -€10,838 | -64.7% |
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 30 October 2026 via checked.be.