IM CORPORATE: 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 CORPORATE
Largest movements
- Tangible fixed assets +€13,684
new in 2025: €13,684
- Receivables within one year +€6,931
up €6,931 (+52.1%), from €13,312 to €20,243
of which Trade receivables: +€8,846
- Cash +€4,046
up €4,046 (+12,698%), from €32 to €4,077
mainly Net result for the year (+€15,105) and Other debts (+€5,900)
- Reserves +€8,562
new in 2025: €8,562
- Profit (loss) carried forward +€6,543
no longer reported in 2025 (was -€6,543)
- Other debts +€5,900
up €5,900 (+19,719%), from €30 to €5,930
- Tax, wage and social debts +€4,001
new in 2025: €4,001
- Gross operating margin +€24,026
up €24,026, from -€1,941 to €22,085
- Taxes +€4,001
new in 2025: €4,001
- Depreciation +€1,182
up €1,182 (+109%), from €1,089 to €2,271
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 | €13,343 | €38,005 | +€24,661 | +185% |
| Fixed assets | 21/28 | - | €13,684 | +€13,684 | |
| Tangible fixed assets | 22/27 | - | €13,684 | +€13,684 | |
| Furniture and vehicles | 24 | - | €13,684 | +€13,684 | |
| Current assets | 29/58 | €13,343 | €24,320 | +€10,977 | +82.3% |
| Amounts receivable within one year | 40/41 | €13,312 | €20,243 | +€6,931 | +52.1% |
| Trade receivables | 40 | €10,788 | €19,634 | +€8,846 | +82.0% |
| Other amounts receivable | 41 | €2,524 | €609 | -€1,915 | -75.9% |
| Cash at bank and in hand | 54/58 | €32 | €4,077 | +€4,046 | +12,698% |
| Total equity and liabilities | 10/49 | €13,343 | €38,005 | +€24,661 | +185% |
| Equity | 10/15 | €1,457 | €16,562 | +€15,105 | +1,037% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €8,562 | +€8,562 | |
| Distributable reserves | 133 | - | €8,562 | +€8,562 | |
| Profit (loss) carried forward | 14 | -€6,543 | - | +€6,543 | |
| Amounts payable | 17/49 | €11,886 | €21,443 | +€9,557 | +80.4% |
| Amounts payable within one year | 42/48 | €11,886 | €21,443 | +€9,557 | +80.4% |
| Trade debts | 44 | €11,856 | €11,512 | -€344 | -2.9% |
| Suppliers | 440/4 | €11,856 | €11,512 | -€344 | -2.9% |
| Taxes, remuneration and social security | 45 | - | €4,001 | +€4,001 | |
| Taxes | 450/3 | - | €4,001 | +€4,001 | |
| Other amounts payable | 47/48 | €30 | €5,930 | +€5,900 | +19,719% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,089 | €2,271 | +€1,182 | +109% |
| Other operating charges | 640/8 | €284 | €470 | +€186 | +65.4% |
| Non-recurring operating charges | 66A | €3,171 | - | -€3,171 | |
| Gross operating margin | 9900 | -€1,941 | €22,085 | +€24,026 | |
| Operating profit (loss) | 9901 | -€6,485 | €19,344 | +€25,829 | |
| Financial charges | 65/66B | €58 | €238 | +€180 | +311% |
| Recurring financial charges | 65 | €58 | €238 | +€180 | +311% |
| Profit (loss) for the period before taxes | 9903 | -€6,543 | €19,106 | +€25,649 | |
| Income taxes | 67/77 | - | €4,001 | +€4,001 | |
| Profit (loss) for the period | 9904 | -€6,543 | €15,105 | +€21,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,543 | €15,105 | +€21,648 |
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 18 October 2026 via checked.be.