IM.E.F.: what changed
Two fiscal 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.E.F.
Largest movements
- Tangible fixed assets -€29,687
down €29,687 (-3.1%), from €969,078 to €939,391
of which Land and buildings: -€25,083
- Other debts -€20,055
down €20,055 (-6.0%), from €336,620 to €316,565
- Reserves -€16,381
down €16,381 (-3.6%), from €457,930 to €441,549
of which Tax-exempt reserves: -€16,381
- Profit (loss) carried forward +€11,719
up €11,719 (+16.7%), from -€70,050 to -€58,332
- Gross operating margin +€4,164
up €4,164 (+25.4%), from €16,399 to €20,563
- Other operating charges +€250
up €250 (+35.5%), from €703 to €953
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 | €985,090 | €954,932 | -€30,158 | -3.1% |
| Fixed assets | 21/28 | €969,078 | €939,391 | -€29,687 | -3.1% |
| Tangible fixed assets | 22/27 | €969,078 | €939,391 | -€29,687 | -3.1% |
| Land and buildings | 22 | €950,899 | €925,816 | -€25,083 | -2.6% |
| Plant, machinery and equipment | 23 | €18,179 | €13,575 | -€4,604 | -25.3% |
| Current assets | 29/58 | €16,012 | €15,541 | -€470 | -2.9% |
| Amounts receivable within one year | 40/41 | €1,179 | €1,179 | = | 0.0% |
| Other amounts receivable | 41 | €1,179 | €1,179 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,833 | €14,362 | -€470 | -3.2% |
| Total equity and liabilities | 10/49 | €985,090 | €954,932 | -€30,158 | -3.1% |
| Equity | 10/15 | €496,879 | €492,217 | -€4,662 | -0.9% |
| Contributions | 10/11 | €109,000 | €109,000 | = | 0.0% |
| Reserves | 13 | €457,930 | €441,549 | -€16,381 | -3.6% |
| Non-distributable reserves | 130/1 | €5,796 | €5,796 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,796 | €5,796 | = | 0.0% |
| Tax-exempt reserves | 132 | €452,134 | €435,753 | -€16,381 | -3.6% |
| Profit (loss) carried forward | 14 | -€70,050 | -€58,332 | +€11,719 | +16.7% |
| Provisions and deferred taxes | 16 | €150,711 | €145,251 | -€5,460 | -3.6% |
| Deferred taxes | 168 | €150,711 | €145,251 | -€5,460 | -3.6% |
| Amounts payable | 17/49 | €337,499 | €317,463 | -€20,036 | -5.9% |
| Amounts payable within one year | 42/48 | €336,620 | €316,565 | -€20,055 | -6.0% |
| Other amounts payable | 47/48 | €336,620 | €316,565 | -€20,055 | -6.0% |
| Accrued charges and deferred income | 492/3 | €879 | €898 | +€19 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,687 | €29,687 | = | 0.0% |
| Other operating charges | 640/8 | €703 | €953 | +€250 | +35.5% |
| Non-recurring operating charges | 66A | €10,805 | - | -€10,805 | |
| Gross operating margin | 9900 | €16,399 | €20,563 | +€4,164 | +25.4% |
| Operating profit (loss) | 9901 | -€24,796 | -€10,077 | +€14,719 | +59.4% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,841 | -€10,122 | +€14,719 | +59.3% |
| Transfer from deferred taxes | 780 | €5,460 | €5,460 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€19,381 | -€4,662 | +€14,719 | +75.9% |
| Transfer from tax-exempt reserves | 789 | €16,381 | €16,381 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,001 | €11,719 | +€14,719 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.