IM-RO: what changed
Two fiscal 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-RO
Largest movements
- Tangible fixed assets -€24,064
down €24,064 (-7.4%), from €327,397 to €303,333
of which Land and buildings: -€22,966
- Receivables within one year +€14,848
up €14,848 (+2.4%), from €614,816 to €629,664
- Deferred charges and accrued income +€12,235
up €12,235 (+102.8%), from €11,905 to €24,140
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,047
up €1,047 (+5.8%), from €17,980 to €19,027
- Financial income +€330
up €330 (+2.8%), from €11,905 to €12,235
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.
Cash bridge derived
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 | €954,925 | €957,142 | +€2,217 | +0.2% |
| Fixed assets | 21/28 | €327,397 | €303,333 | -€24,064 | -7.4% |
| Tangible fixed assets | 22/27 | €327,397 | €303,333 | -€24,064 | -7.4% |
| Land and buildings | 22 | €320,555 | €297,588 | -€22,966 | -7.2% |
| Plant, machinery and equipment | 23 | €3,160 | €2,604 | -€555 | -17.6% |
| Furniture and vehicles | 24 | €3,683 | €3,140 | -€542 | -14.7% |
| Current assets | 29/58 | €627,528 | €653,809 | +€26,281 | +4.2% |
| Amounts receivable within one year | 40/41 | €614,816 | €629,664 | +€14,848 | +2.4% |
| Other amounts receivable | 41 | €614,816 | €629,664 | +€14,848 | +2.4% |
| Cash at bank and in hand | 54/58 | €807 | €4 | -€803 | -99.4% |
| Deferred charges and accrued income | 490/1 | €11,905 | €24,140 | +€12,235 | +102.8% |
| Total equity and liabilities | 10/49 | €954,925 | €957,142 | +€2,217 | +0.2% |
| Equity | 10/15 | €941,073 | €945,134 | +€4,061 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €879,073 | €883,134 | +€4,061 | +0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €872,873 | €876,934 | +€4,061 | +0.5% |
| Amounts payable | 17/49 | €13,852 | €12,008 | -€1,844 | -13.3% |
| Amounts payable within one year | 42/48 | €13,852 | €12,008 | -€1,844 | -13.3% |
| Trade debts | 44 | €2,667 | €1,118 | -€1,549 | -58.1% |
| Suppliers | 440/4 | €2,667 | €1,118 | -€1,549 | -58.1% |
| Taxes, remuneration and social security | 45 | €295 | - | -€295 | |
| Taxes | 450/3 | €295 | - | -€295 | |
| Other amounts payable | 47/48 | €10,890 | €10,890 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,064 | €24,064 | = | 0.0% |
| Other operating charges | 640/8 | €2,969 | €3,109 | +€140 | +4.7% |
| Gross operating margin | 9900 | €17,980 | €19,027 | +€1,047 | +5.8% |
| Operating profit (loss) | 9901 | -€9,053 | -€8,146 | +€907 | +10.0% |
| Financial income | 75/76B | €11,905 | €12,235 | +€330 | +2.8% |
| Recurring financial income | 75 | €11,905 | €12,235 | +€330 | +2.8% |
| Financial charges | 65/66B | €33 | €29 | -€5 | -14.3% |
| Recurring financial charges | 65 | €33 | €29 | -€5 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €2,819 | €4,061 | +€1,242 | +44.0% |
| Profit (loss) for the period | 9904 | €2,819 | €4,061 | +€1,242 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,819 | €4,061 | +€1,242 | +44.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.