IM Educational Solutions: 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 Educational Solutions
Largest movements
- Cash -€151,700
down €151,700 (-52.5%), from €288,711 to €137,011
mainly Net result for the year (-€259,245) and Trade debts (-€12,367)
- Receivables within one year -€28,770
down €28,770 (-32.5%), from €88,391 to €59,621
of which Other amounts receivable: -€36,614
- Profit (loss) carried forward -€259,245
down €259,245 (-29.9%), from -€866,216 to -€1.1m
- Contributions +€69,740
up €69,740 (+5.8%), from €1.2m to €1.3m
- Tax, wage and social debts +€18,593
up €18,593 (+52.2%), from €35,646 to €54,239
of which Remuneration and social security: +€15,893
- Trade debts -€12,367
down €12,367 (-80.3%), from €15,394 to €3,028
- Staff costs -€19,614
down €19,614 (-8.0%), from €244,556 to €224,942
- Gross operating margin -€19,442
down €19,442 (-231%), from -€8,432 to -€27,874
- Depreciation +€1,199
up €1,199 (+28.0%), from €4,290 to €5,490
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 | €390,309 | €208,266 | -€182,043 | -46.6% |
| Fixed assets | 21/28 | €9,613 | €10,440 | +€826 | +8.6% |
| Tangible fixed assets | 22/27 | €8,949 | €9,775 | +€826 | +9.2% |
| Plant, machinery and equipment | 23 | €4,701 | €951 | -€3,750 | -79.8% |
| Furniture and vehicles | 24 | - | €5,117 | +€5,117 | |
| Other tangible fixed assets | 26 | €4,248 | €3,708 | -€540 | -12.7% |
| Financial fixed assets | 28 | €665 | €665 | = | 0.0% |
| Current assets | 29/58 | €380,696 | €197,826 | -€182,870 | -48.0% |
| Amounts receivable within one year | 40/41 | €88,391 | €59,621 | -€28,770 | -32.5% |
| Trade receivables | 40 | €46,735 | €54,579 | +€7,844 | +16.8% |
| Other amounts receivable | 41 | €41,656 | €5,042 | -€36,614 | -87.9% |
| Cash at bank and in hand | 54/58 | €288,711 | €137,011 | -€151,700 | -52.5% |
| Deferred charges and accrued income | 490/1 | €3,594 | €1,194 | -€2,400 | -66.8% |
| Total equity and liabilities | 10/49 | €390,309 | €208,266 | -€182,043 | -46.6% |
| Equity | 10/15 | €333,785 | €144,280 | -€189,505 | -56.8% |
| Contributions | 10/11 | €1,200,000 | €1,269,740 | +€69,740 | +5.8% |
| Profit (loss) carried forward | 14 | -€866,216 | -€1,125,460 | -€259,245 | -29.9% |
| Amounts payable | 17/49 | €56,525 | €63,986 | +€7,461 | +13.2% |
| Amounts payable within one year | 42/48 | €56,525 | €63,986 | +€7,461 | +13.2% |
| Trade debts | 44 | €15,394 | €3,028 | -€12,367 | -80.3% |
| Suppliers | 440/4 | €15,394 | €3,028 | -€12,367 | -80.3% |
| Taxes, remuneration and social security | 45 | €35,646 | €54,239 | +€18,593 | +52.2% |
| Taxes | 450/3 | - | €2,699 | +€2,699 | |
| Remuneration and social security | 454/9 | €35,646 | €51,540 | +€15,893 | +44.6% |
| Other amounts payable | 47/48 | €5,484 | €6,720 | +€1,235 | +22.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €244,556 | €224,942 | -€19,614 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,290 | €5,490 | +€1,199 | +28.0% |
| Other operating charges | 640/8 | €641 | €738 | +€97 | +15.1% |
| Gross operating margin | 9900 | -€8,432 | -€27,874 | -€19,442 | -231% |
| Operating profit (loss) | 9901 | -€257,919 | -€259,044 | -€1,124 | -0.4% |
| Financial income | 75/76B | €0 | €65 | +€65 | +215,567% |
| Recurring financial income | 75 | €0 | €65 | +€65 | +215,567% |
| Financial charges | 65/66B | €456 | €266 | -€190 | -41.7% |
| Recurring financial charges | 65 | €456 | €266 | -€190 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€258,375 | -€259,245 | -€869 | -0.3% |
| Profit (loss) for the period | 9904 | -€258,375 | -€259,245 | -€869 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€258,375 | -€259,245 | -€869 | -0.3% |
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 17 October 2026 via checked.be.