IM CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€65,659
up €65,659 (+19.8%), from €332,408 to €398,067
of which Plant, machinery and equipment: +€48,317
- Receivables within one year +€42,028
up €42,028 (+94.8%), from €44,345 to €86,373
of which Trade receivables: +€45,926
- Cash +€32,634
up €32,634 (+12.5%), from €260,688 to €293,322
mainly Net result for the year (+€85,034) and Trade debts (+€74,908)
- Trade debts +€74,908
up €74,908 (+595%), from €12,592 to €87,499
- Debts after one year +€29,761
up €29,761 (+10.8%), from €274,584 to €304,345
- Current portion of long-term debt +€28,137
up €28,137 (+174%), from €16,217 to €44,354
- Reserves -€25,394
down €25,394 (-8.1%), from €311,974 to €286,580
of which Distributable reserves: -€25,394
- Tax, wage and social debts +€22,034
up €22,034 (+44.4%), from €49,582 to €71,615
of which Remuneration and social security: +€17,109
- Gross operating margin +€41,520
up €41,520 (+9.9%), from €419,371 to €460,891
- Other operating charges -€31,382
down €31,382 (-86.2%), from €36,389 to €5,007
- Depreciation +€24,597
up €24,597 (+103%), from €23,910 to €48,507
- Taxes +€9,528
up €9,528 (+35.4%), from €26,887 to €36,415
- Financial charges +€6,378
up €6,378 (+39.9%), from €15,996 to €22,374
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 | €692,752 | €836,563 | +€143,811 | +20.8% |
| Fixed assets | 21/28 | €339,868 | €407,017 | +€67,149 | +19.8% |
| Tangible fixed assets | 22/27 | €332,408 | €398,067 | +€65,659 | +19.8% |
| Land and buildings | 22 | €197,768 | €192,920 | -€4,848 | -2.5% |
| Plant, machinery and equipment | 23 | €81,258 | €129,575 | +€48,317 | +59.5% |
| Furniture and vehicles | 24 | €53,382 | €75,572 | +€22,191 | +41.6% |
| Financial fixed assets | 28 | €7,460 | €8,950 | +€1,490 | +20.0% |
| Current assets | 29/58 | €352,884 | €429,546 | +€76,662 | +21.7% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,718 | €2,965 | -€752 | -20.2% |
| Stocks | 30/36 | €3,718 | €2,965 | -€752 | -20.2% |
| Amounts receivable within one year | 40/41 | €44,345 | €86,373 | +€42,028 | +94.8% |
| Trade receivables | 40 | €21,938 | €67,864 | +€45,926 | +209% |
| Other amounts receivable | 41 | €22,407 | €18,509 | -€3,899 | -17.4% |
| Cash at bank and in hand | 54/58 | €260,688 | €293,322 | +€32,634 | +12.5% |
| Deferred charges and accrued income | 490/1 | €9,134 | €11,886 | +€2,752 | +30.1% |
| Total equity and liabilities | 10/49 | €692,752 | €836,563 | +€143,811 | +20.8% |
| Equity | 10/15 | €318,174 | €292,780 | -€25,394 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,974 | €286,580 | -€25,394 | -8.1% |
| Tax-exempt reserves | 132 | €33,500 | €33,500 | = | 0.0% |
| Distributable reserves | 133 | €278,474 | €253,080 | -€25,394 | -9.1% |
| Amounts payable | 17/49 | €374,578 | €543,783 | +€169,205 | +45.2% |
| Amounts payable after more than one year | 17 | €274,584 | €304,345 | +€29,761 | +10.8% |
| Financial debts | 170/4 | €274,584 | €304,345 | +€29,761 | +10.8% |
| Amounts payable within one year | 42/48 | €78,390 | €203,469 | +€125,078 | +160% |
| Current portion of amounts payable after more than one year | 42 | €16,217 | €44,354 | +€28,137 | +174% |
| Trade debts | 44 | €12,592 | €87,499 | +€74,908 | +595% |
| Suppliers | 440/4 | €12,592 | €87,499 | +€74,908 | +595% |
| Taxes, remuneration and social security | 45 | €49,582 | €71,615 | +€22,034 | +44.4% |
| Taxes | 450/3 | €44,191 | €49,116 | +€4,925 | +11.1% |
| Remuneration and social security | 454/9 | €5,391 | €22,499 | +€17,109 | +317% |
| Accrued charges and deferred income | 492/3 | €21,604 | €35,969 | +€14,366 | +66.5% |
| Remuneration, social security and pensions | 62 | €262,665 | €264,697 | +€2,032 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,910 | €48,507 | +€24,597 | +103% |
| Other operating charges | 640/8 | €36,389 | €5,007 | -€31,382 | -86.2% |
| Gross operating margin | 9900 | €419,371 | €460,891 | +€41,520 | +9.9% |
| Operating profit (loss) | 9901 | €96,406 | €142,680 | +€46,273 | +48.0% |
| Financial income | 75/76B | €1,445 | €1,145 | -€301 | -20.8% |
| Recurring financial income | 75 | €1,445 | €1,145 | -€301 | -20.8% |
| Financial charges | 65/66B | €15,996 | €22,374 | +€6,378 | +39.9% |
| Recurring financial charges | 65 | €15,996 | €22,374 | +€6,378 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €81,855 | €121,450 | +€39,595 | +48.4% |
| Income taxes | 67/77 | €26,887 | €36,415 | +€9,528 | +35.4% |
| Profit (loss) for the period | 9904 | €54,968 | €85,034 | +€30,067 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,968 | €85,034 | +€30,067 | +54.7% |
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 15 October 2026 via checked.be.