IM-MANAGEMENT: what changed
IM-MANAGEMENT
Largest movements
- Cash +€13,578
up €13,578 (+47.6%), from €28,545 to €42,123
mainly Net result for the year (+€23,470) and Depreciation (+€7,509)
- Receivables within one year +€10,045
up €10,045 (+95.0%), from €10,578 to €20,623
of which Trade receivables: +€10,042
- Deferred charges and accrued income -€2,393
down €2,393 (-45.5%), from €5,257 to €2,864
- Tangible fixed assets -€811
down €811 (-5.4%), from €14,913 to €14,103
of which Other tangible fixed assets: -€718
- Reserves +€23,470
up €23,470 (+178%), from €13,170 to €36,639
- Other debts -€14,245
down €14,245 (-50.2%), from €28,368 to €14,123
- Trade debts +€6,728
up €6,728 (+293%), from €2,295 to €9,023
- Tax, wage and social debts +€4,466
up €4,466 (+41.8%), from €10,690 to €15,155
- Gross operating margin +€28,278
up €28,278 (+96.1%), from €29,437 to €57,715
- Taxes +€8,146
up €8,146 (+226%), from €3,604 to €11,750
- Staff costs -€3,744
down €3,744 (-21.5%), from €17,440 to €13,696
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,294 | €79,712 | +€20,419 | +34.4% |
| Fixed assets | 21/28 | €14,913 | €14,103 | -€811 | -5.4% |
| Tangible fixed assets | 22/27 | €14,913 | €14,103 | -€811 | -5.4% |
| Plant, machinery and equipment | 23 | €1,290 | €782 | -€508 | -39.4% |
| Furniture and vehicles | 24 | €7,113 | €7,528 | +€414 | +5.8% |
| Other tangible fixed assets | 26 | €6,510 | €5,793 | -€718 | -11.0% |
| Current assets | 29/58 | €44,380 | €65,610 | +€21,230 | +47.8% |
| Amounts receivable within one year | 40/41 | €10,578 | €20,623 | +€10,045 | +95.0% |
| Trade receivables | 40 | €10,368 | €20,410 | +€10,042 | +96.9% |
| Other amounts receivable | 41 | €210 | €213 | +€3 | +1.4% |
| Cash at bank and in hand | 54/58 | €28,545 | €42,123 | +€13,578 | +47.6% |
| Deferred charges and accrued income | 490/1 | €5,257 | €2,864 | -€2,393 | -45.5% |
| Total equity and liabilities | 10/49 | €59,294 | €79,712 | +€20,419 | +34.4% |
| Equity | 10/15 | €17,941 | €41,411 | +€23,470 | +131% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,170 | €36,639 | +€23,470 | +178% |
| Distributable reserves | 133 | €13,170 | €36,639 | +€23,470 | +178% |
| Profit (loss) carried forward | 14 | -€1,429 | -€1,429 | = | 0.0% |
| Amounts payable | 17/49 | €41,353 | €38,302 | -€3,051 | -7.4% |
| Amounts payable within one year | 42/48 | €41,353 | €38,302 | -€3,051 | -7.4% |
| Trade debts | 44 | €2,295 | €9,023 | +€6,728 | +293% |
| Suppliers | 440/4 | €2,295 | €9,023 | +€6,728 | +293% |
| Taxes, remuneration and social security | 45 | €10,690 | €15,155 | +€4,466 | +41.8% |
| Taxes | 450/3 | €10,690 | €15,155 | +€4,466 | +41.8% |
| Other amounts payable | 47/48 | €28,368 | €14,123 | -€14,245 | -50.2% |
| Remuneration, social security and pensions | 62 | €17,440 | €13,696 | -€3,744 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,766 | €7,509 | -€258 | -3.3% |
| Other operating charges | 640/8 | €845 | €466 | -€378 | -44.8% |
| Gross operating margin | 9900 | €29,437 | €57,715 | +€28,278 | +96.1% |
| Operating profit (loss) | 9901 | €3,386 | €36,044 | +€32,658 | +965% |
| Financial income | 75/76B | - | €289 | +€289 | |
| Recurring financial income | 75 | - | €289 | +€289 | |
| Financial charges | 65/66B | €678 | €1,114 | +€435 | +64.2% |
| Recurring financial charges | 65 | €678 | €1,114 | +€435 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | €2,707 | €35,219 | +€32,512 | +1,201% |
| Income taxes | 67/77 | €3,604 | €11,750 | +€8,146 | +226% |
| Profit (loss) for the period | 9904 | -€897 | €23,470 | +€24,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€897 | €23,470 | +€24,366 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.