IM - CONSULT: 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 - CONSULT
Largest movements
- Tangible fixed assets -€42,825
down €42,825 (-3.9%), from €1.1m to €1.0m
of which Land and buildings: -€42,273
- Debts after one year -€164,512
down €164,512 (-19.5%), from €841,886 to €677,375
- Profit (loss) carried forward +€125,043
up €125,043 (+9.1%), from €1.4m to €1.5m
- Financial income +€146,054
up €146,054 (+668.9%), from €21,836 to €167,889
- Depreciation -€4,246
down €4,246 (-9.0%), from €47,071 to €42,825
- Gross operating margin -€2,476
down €2,476 (-9.6%), from €25,660 to €23,184
- Other operating charges +€1,361
up €1,361 (+43.8%), from €3,106 to €4,466
- Financial charges -€1,257
down €1,257 (-6.5%), from €19,270 to €18,013
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 | €2,390,718 | €2,367,207 | -€23,510 | -1.0% |
| Fixed assets | 21/28 | €1,746,856 | €1,704,031 | -€42,825 | -2.5% |
| Tangible fixed assets | 22/27 | €1,090,046 | €1,047,220 | -€42,825 | -3.9% |
| Land and buildings | 22 | €1,087,888 | €1,045,616 | -€42,273 | -3.9% |
| Plant, machinery and equipment | 23 | €1,987 | €1,477 | -€510 | -25.7% |
| Furniture and vehicles | 24 | €171 | €128 | -€43 | -25.0% |
| Financial fixed assets | 28 | €656,811 | €656,811 | = | 0.0% |
| Current assets | 29/58 | €643,861 | €663,176 | +€19,315 | +3.0% |
| Amounts receivable after more than one year | 29 | €382,000 | €382,000 | = | 0.0% |
| Other amounts receivable | 291 | €382,000 | €382,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €234,378 | €234,378 | = | 0.0% |
| Stocks | 30/36 | €234,378 | €234,378 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,065 | €45,190 | +€19,125 | +73.4% |
| Trade receivables | 40 | €1,650 | €1,650 | = | 0.0% |
| Other amounts receivable | 41 | €24,415 | €43,540 | +€19,125 | +78.3% |
| Cash at bank and in hand | 54/58 | €89 | €465 | +€376 | +422.6% |
| Deferred charges and accrued income | 490/1 | €1,329 | €1,143 | -€186 | -14.0% |
| Total equity and liabilities | 10/49 | €2,390,718 | €2,367,207 | -€23,510 | -1.0% |
| Equity | 10/15 | €1,447,302 | €1,572,345 | +€125,043 | +8.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,377,802 | €1,502,845 | +€125,043 | +9.1% |
| Amounts payable | 17/49 | €943,416 | €794,863 | -€148,553 | -15.7% |
| Amounts payable after more than one year | 17 | €841,886 | €677,375 | -€164,512 | -19.5% |
| Financial debts | 170/4 | €841,886 | €677,375 | -€164,512 | -19.5% |
| Amounts payable within one year | 42/48 | €91,572 | €102,178 | +€10,606 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €88,114 | €89,512 | +€1,397 | +1.6% |
| Trade debts | 44 | €2,862 | €11,637 | +€8,775 | +306.7% |
| Suppliers | 440/4 | €2,862 | €11,637 | +€8,775 | +306.7% |
| Taxes, remuneration and social security | 45 | €596 | €1,030 | +€434 | +72.8% |
| Taxes | 450/3 | €596 | €1,030 | +€434 | +72.8% |
| Accrued charges and deferred income | 492/3 | €9,957 | €15,310 | +€5,352 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,071 | €42,825 | -€4,246 | -9.0% |
| Other operating charges | 640/8 | €3,106 | €4,466 | +€1,361 | +43.8% |
| Gross operating margin | 9900 | €25,660 | €23,184 | -€2,476 | -9.6% |
| Operating profit (loss) | 9901 | -€24,517 | -€24,108 | +€409 | +1.7% |
| Financial income | 75/76B | €21,836 | €167,889 | +€146,054 | +668.9% |
| Recurring financial income | 75 | €21,836 | €167,889 | +€146,054 | +668.9% |
| Financial charges | 65/66B | €19,270 | €18,013 | -€1,257 | -6.5% |
| Recurring financial charges | 65 | €19,270 | €18,013 | -€1,257 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,951 | €125,769 | +€147,720 | |
| Income taxes | 67/77 | €303 | €727 | +€423 | +139.7% |
| Profit (loss) for the period | 9904 | -€22,254 | €125,043 | +€147,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,254 | €125,043 | +€147,297 |
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 12 October 2026 via checked.be.