Im Press: 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 Press
Largest movements
- Tangible fixed assets -€80,894
down €80,894 (-20.9%), from €386,238 to €305,344
of which Plant, machinery and equipment: -€64,035
- Stocks and contracts -€63,784
down €63,784 (-41.2%), from €154,911 to €91,127
of which Stocks: -€61,204
- Receivables within one year -€43,133
down €43,133 (-18.8%), from €229,410 to €186,276
of which Trade receivables: -€43,322
- Intangible fixed assets -€28,698
down €28,698 (-44.8%), from €64,066 to €35,368
- Cash +€14,764
up €14,764 (+47.4%), from €31,158 to €45,922
mainly Depreciation (+€130,241) and Stocks and contracts (+€63,784)
- Reserves -€120,759
down €120,759 (-92.1%), from €131,116 to €10,357
- Debts after one year -€89,964
down €89,964 (-31.8%), from €283,046 to €193,082
- Short-term financial debts +€30,851
up €30,851 (+30.9%), from €99,807 to €130,658
- Trade debts -€28,185
down €28,185 (-16.3%), from €172,960 to €144,775
- Tax, wage and social debts +€19,297
up €19,297 (+46.7%), from €41,305 to €60,603
of which Taxes: +€14,310
- Gross operating margin -€91,164
down €91,164 (-16.0%), from €569,350 to €478,186
- Staff costs +€20,123
up €20,123 (+4.8%), from €414,961 to €435,084
- Depreciation +€9,086
up €9,086 (+7.5%), from €121,155 to €130,241
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 | €873,940 | €676,382 | -€197,558 | -22.6% |
| Fixed assets | 21/28 | €450,304 | €340,713 | -€109,592 | -24.3% |
| Intangible fixed assets | 21 | €64,066 | €35,368 | -€28,698 | -44.8% |
| Tangible fixed assets | 22/27 | €386,238 | €305,344 | -€80,894 | -20.9% |
| Plant, machinery and equipment | 23 | €324,272 | €260,236 | -€64,035 | -19.7% |
| Furniture and vehicles | 24 | €61,967 | €45,108 | -€16,859 | -27.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €423,636 | €335,669 | -€87,966 | -20.8% |
| Stocks and contracts in progress | 3 | €154,911 | €91,127 | -€63,784 | -41.2% |
| Stocks | 30/36 | €134,911 | €73,707 | -€61,204 | -45.4% |
| Contracts in progress | 37 | €20,000 | €17,420 | -€2,580 | -12.9% |
| Amounts receivable within one year | 40/41 | €229,410 | €186,276 | -€43,133 | -18.8% |
| Trade receivables | 40 | €226,446 | €183,124 | -€43,322 | -19.1% |
| Other amounts receivable | 41 | €2,964 | €3,153 | +€189 | +6.4% |
| Cash at bank and in hand | 54/58 | €31,158 | €45,922 | +€14,764 | +47.4% |
| Deferred charges and accrued income | 490/1 | €8,157 | €12,344 | +€4,187 | +51.3% |
| Total equity and liabilities | 10/49 | €873,940 | €676,382 | -€197,558 | -22.6% |
| Equity | 10/15 | €163,532 | €26,617 | -€136,916 | -83.7% |
| Contributions | 10/11 | €32,416 | €32,416 | = | 0.0% |
| Reserves | 13 | €131,116 | €10,357 | -€120,759 | -92.1% |
| Distributable reserves | 133 | €131,116 | €10,357 | -€120,759 | -92.1% |
| Profit (loss) carried forward | 14 | - | -€16,157 | -€16,157 | |
| Amounts payable | 17/49 | €710,408 | €649,765 | -€60,643 | -8.5% |
| Amounts payable after more than one year | 17 | €283,046 | €193,082 | -€89,964 | -31.8% |
| Financial debts | 170/4 | €283,046 | €193,082 | -€89,964 | -31.8% |
| Amounts payable within one year | 42/48 | €427,362 | €456,683 | +€29,322 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €82,628 | €80,551 | -€2,077 | -2.5% |
| Financial debts | 43 | €99,807 | €130,658 | +€30,851 | +30.9% |
| Credit institutions | 430/8 | €99,807 | €130,658 | +€30,851 | +30.9% |
| Trade debts | 44 | €172,960 | €144,775 | -€28,185 | -16.3% |
| Suppliers | 440/4 | €172,960 | €144,775 | -€28,185 | -16.3% |
| Taxes, remuneration and social security | 45 | €41,305 | €60,603 | +€19,297 | +46.7% |
| Taxes | 450/3 | €6,491 | €20,801 | +€14,310 | +220% |
| Remuneration and social security | 454/9 | €34,814 | €39,802 | +€4,988 | +14.3% |
| Other amounts payable | 47/48 | €30,661 | €40,097 | +€9,436 | +30.8% |
| Non-recurring operating income | 76A | €5,662 | €0 | -€5,662 | -100% |
| Remuneration, social security and pensions | 62 | €414,961 | €435,084 | +€20,123 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,155 | €130,241 | +€9,086 | +7.5% |
| Other operating charges | 640/8 | €10,112 | €9,591 | -€522 | -5.2% |
| Non-recurring operating charges | 66A | - | €24,364 | +€24,364 | |
| Gross operating margin | 9900 | €569,350 | €478,186 | -€91,164 | -16.0% |
| Operating profit (loss) | 9901 | €23,122 | -€121,093 | -€144,215 | |
| Financial income | 75/76B | €8,118 | €3,674 | -€4,444 | -54.7% |
| Recurring financial income | 75 | €8,118 | €3,674 | -€4,444 | -54.7% |
| Financial charges | 65/66B | €22,154 | €18,814 | -€3,340 | -15.1% |
| Recurring financial charges | 65 | €22,154 | €18,814 | -€3,340 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €9,086 | -€136,233 | -€145,319 | |
| Income taxes | 67/77 | €63 | €683 | +€620 | +982% |
| Profit (loss) for the period | 9904 | €9,023 | -€136,916 | -€145,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,023 | -€136,916 | -€145,939 |
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 15 October 2026 via checked.be.