IM-Projects: 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-Projects
Largest movements
- Cash +€101,344
up €101,344 (+179%), from €56,502 to €157,847
mainly Other debts (+€214,882) and Net result for the year (+€127,925)
- Current investments +€58,055
up €58,055 (+436%), from €13,301 to €71,356
- Receivables within one year -€33,603
down €33,603 (-69.8%), from €48,154 to €14,551
of which Other amounts receivable: -€45,548
- Other debts +€214,882
up €214,882 (+1,669%), from €12,873 to €227,754
- Reserves -€87,728
down €87,728 (-100%), from €87,728 to €0
- Gross operating margin +€148,567
up €148,567 (+757%), from €19,618 to €168,185
- Taxes +€34,405
up €34,405 (+1,310%), from €2,626 to €37,031
- Financial income -€2,355
down €2,355 (-84.1%), from €2,799 to €444
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 | €121,300 | €247,659 | +€126,359 | +104% |
| Fixed assets | 21/28 | €2,851 | €3,129 | +€278 | +9.7% |
| Tangible fixed assets | 22/27 | €2,851 | €3,129 | +€278 | +9.7% |
| Furniture and vehicles | 24 | €2,851 | €3,129 | +€278 | +9.7% |
| Current assets | 29/58 | €118,448 | €244,529 | +€126,081 | +106% |
| Amounts receivable within one year | 40/41 | €48,154 | €14,551 | -€33,603 | -69.8% |
| Trade receivables | 40 | €155 | €12,100 | +€11,945 | +7,693% |
| Other amounts receivable | 41 | €47,999 | €2,451 | -€45,548 | -94.9% |
| Current investments | 50/53 | €13,301 | €71,356 | +€58,055 | +436% |
| Cash at bank and in hand | 54/58 | €56,502 | €157,847 | +€101,344 | +179% |
| Deferred charges and accrued income | 490/1 | €491 | €775 | +€284 | +57.9% |
| Total equity and liabilities | 10/49 | €121,300 | €247,659 | +€126,359 | +104% |
| Equity | 10/15 | €100,128 | €12,400 | -€87,728 | -87.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,728 | €0 | -€87,728 | -100% |
| Distributable reserves | 133 | €87,728 | €0 | -€87,728 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,171 | €235,259 | +€214,087 | +1,011% |
| Amounts payable within one year | 42/48 | €20,681 | €235,099 | +€214,417 | +1,037% |
| Trade debts | 44 | €254 | €518 | +€264 | +104% |
| Suppliers | 440/4 | €254 | €518 | +€264 | +104% |
| Taxes, remuneration and social security | 45 | €7,554 | €6,827 | -€728 | -9.6% |
| Taxes | 450/3 | €7,554 | €5,827 | -€1,728 | -22.9% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €12,873 | €227,754 | +€214,882 | +1,669% |
| Accrued charges and deferred income | 492/3 | €490 | €160 | -€330 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €2,000 | +€1,029 | +106% |
| Other operating charges | 640/8 | €682 | €703 | +€21 | +3.1% |
| Gross operating margin | 9900 | €19,618 | €168,185 | +€148,567 | +757% |
| Operating profit (loss) | 9901 | €17,965 | €165,482 | +€147,517 | +821% |
| Financial income | 75/76B | €2,799 | €444 | -€2,355 | -84.1% |
| Recurring financial income | 75 | €2,799 | €444 | -€2,355 | -84.1% |
| Financial charges | 65/66B | €310 | €970 | +€659 | +212% |
| Recurring financial charges | 65 | €310 | €970 | +€659 | +212% |
| Profit (loss) for the period before taxes | 9903 | €20,454 | €164,956 | +€144,502 | +706% |
| Income taxes | 67/77 | €2,626 | €37,031 | +€34,405 | +1,310% |
| Profit (loss) for the period | 9904 | €17,828 | €127,925 | +€110,098 | +618% |
| Profit (loss) for the period to be appropriated | 9905 | €17,828 | €127,925 | +€110,098 | +618% |
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.