IM INVEST: 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.
What changed
IM INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€319,704
2024 · €457,695-€137,991
Equity
€13.9m
2024 · €13.5m+€319,704
Cash
€72,699
2024 · €155,912-€83,214
Balance sheet total
€19.0m
2024 · €19.7m-€613,554
Largest movements
Assets
- Receivables within one year -€489,923
down €489,923 (-9.0%), from €5.4m to €4.9m
of which Trade receivables: -€466,451
Equity and liabilities
- Debts after one year -€419,992
down €419,992 (-15.0%), from €2.8m to €2.4m
- Other debts -€415,981
down €415,981 (-15.3%), from €2.7m to €2.3m
- Profit (loss) carried forward +€319,704
up €319,704 (+6.3%), from €5.1m to €5.4m
Income statement
- Gross operating margin -€529,374
down €529,374 (-34.7%), from €1.5m to €996,520
- Taxes -€204,142
down €204,142 (-78.2%), from €261,064 to €56,922
- Staff costs -€158,930
down €158,930 (-23.9%), from €664,852 to €505,922
- Financial income +€18,629
up €18,629 (+1,826,371%), from €1 to €18,630
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.
Result 2024
€457,695
Gross operating margin
-€529,374
Staff costs
+€158,930
Depreciation
+€6,750
Other operating charges
-€2,000
Financial income
+€18,629
Financial charges
+€4,932
Taxes
+€204,142
Result 2025
€319,704
raises the resultlowers the result
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.
From operations
+€365,111
Investment
-€10,500
Financing
-€437,825
Cash 2024
€155,912
From operations (derived)
+€365,111
Net result for the year
+€319,704
Depreciation
+€52,030
Receivables within one year
+€489,923
Deferred charges and accrued income
-€1,113
Trade debts
-€60,274
Tax, wage and social debts
-€15,428
Other debts
-€415,981
Accrued charges and deferred income
-€3,750
Investment (derived)
-€10,500
Investment in fixed assets (net)
-€10,500
Financing
-€437,825
Debts after one year
-€419,992
Short-term financial debts
-€17,833
Cash 2025
€72,699
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,662,800 | €19,049,246 | -€613,554 | -3.1% |
| Fixed assets | 21/28 | €14,082,810 | €14,041,281 | -€41,530 | -0.3% |
| Tangible fixed assets | 22/27 | €1,055,488 | €1,003,459 | -€52,030 | -4.9% |
| Land and buildings | 22 | €1,055,488 | €1,003,459 | -€52,030 | -4.9% |
| Financial fixed assets | 28 | €13,027,322 | €13,037,822 | +€10,500 | +0.1% |
| Current assets | 29/58 | €5,579,990 | €5,007,965 | -€572,024 | -10.3% |
| Amounts receivable within one year | 40/41 | €5,421,311 | €4,931,388 | -€489,923 | -9.0% |
| Trade receivables | 40 | €1,452,325 | €985,874 | -€466,451 | -32.1% |
| Other amounts receivable | 41 | €3,968,986 | €3,945,514 | -€23,473 | -0.6% |
| Cash at bank and in hand | 54/58 | €155,912 | €72,699 | -€83,214 | -53.4% |
| Deferred charges and accrued income | 490/1 | €2,766 | €3,879 | +€1,113 | +40.2% |
| Total equity and liabilities | 10/49 | €19,662,800 | €19,049,246 | -€613,554 | -3.1% |
| Equity | 10/15 | €13,540,839 | €13,860,542 | +€319,704 | +2.4% |
| Contributions | 10/11 | €6,507,000 | €6,507,000 | = | 0.0% |
| Reserves | 13 | €1,942,667 | €1,942,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140,000 | - | -€140,000 | |
| Reserves not available under the articles | 1311 | €140,000 | - | -€140,000 | |
| Tax-exempt reserves | 132 | €1,263,000 | €1,263,000 | = | 0.0% |
| Distributable reserves | 133 | €539,667 | €679,667 | +€140,000 | +25.9% |
| Profit (loss) carried forward | 14 | €5,091,171 | €5,410,875 | +€319,704 | +6.3% |
| Amounts payable | 17/49 | €6,121,961 | €5,188,704 | -€933,258 | -15.2% |
| Amounts payable after more than one year | 17 | €2,794,233 | €2,374,241 | -€419,992 | -15.0% |
| Financial debts | 170/4 | €2,794,233 | €2,374,241 | -€419,992 | -15.0% |
| Amounts payable within one year | 42/48 | €3,323,978 | €2,814,463 | -€509,516 | -15.3% |
| Financial debts | 43 | €424,492 | €406,659 | -€17,833 | -4.2% |
| Credit institutions | 430/8 | €424,492 | €406,659 | -€17,833 | -4.2% |
| Trade debts | 44 | €112,362 | €52,088 | -€60,274 | -53.6% |
| Suppliers | 440/4 | €112,362 | €52,088 | -€60,274 | -53.6% |
| Taxes, remuneration and social security | 45 | €75,845 | €60,417 | -€15,428 | -20.3% |
| Remuneration and social security | 454/9 | €75,845 | €60,417 | -€15,428 | -20.3% |
| Other amounts payable | 47/48 | €2,711,279 | €2,295,298 | -€415,981 | -15.3% |
| Accrued charges and deferred income | 492/3 | €3,750 | - | -€3,750 | |
| Remuneration, social security and pensions | 62 | €664,852 | €505,922 | -€158,930 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,780 | €52,030 | -€6,750 | -11.5% |
| Other operating charges | 640/8 | €39,225 | €41,225 | +€2,000 | +5.1% |
| Gross operating margin | 9900 | €1,525,895 | €996,520 | -€529,374 | -34.7% |
| Operating profit (loss) | 9901 | €763,038 | €397,344 | -€365,694 | -47.9% |
| Financial income | 75/76B | €1 | €18,630 | +€18,629 | +1,826,371% |
| Recurring financial income | 75 | €1 | €18,630 | +€18,629 | +1,826,371% |
| Financial charges | 65/66B | €44,280 | €39,348 | -€4,932 | -11.1% |
| Recurring financial charges | 65 | €44,280 | €39,348 | -€4,932 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €718,759 | €376,626 | -€342,134 | -47.6% |
| Income taxes | 67/77 | €261,064 | €56,922 | -€204,142 | -78.2% |
| Profit (loss) for the period | 9904 | €457,695 | €319,704 | -€137,991 | -30.1% |
| Transfer to tax-exempt reserves | 689 | €631,500 | - | -€631,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€173,805 | €319,704 | +€493,509 |
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 28 October 2026 via checked.be.