IM'S ADVISOR: 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'S ADVISOR
Largest movements
- Receivables within one year +€16,678
up €16,678 (+177%), from €9,443 to €26,121
of which Trade receivables: +€16,678
- Cash -€7,788
down €7,788 (-86.5%), from €8,999 to €1,211
mainly Receivables within one year (-€16,678) and Tax, wage and social debts (-€4,365)
- Tangible fixed assets -€1,156
down €1,156 (-50.0%), from €2,312 to €1,156
- Deferred charges and accrued income -€1,075
down €1,075 (-100%), from €1,075 to €0
- Other debts +€9,758
up €9,758 (+60.5%), from €16,124 to €25,882
- Trade debts +€7,890
up €7,890 (+168%), from €4,683 to €12,573
- Tax, wage and social debts -€4,365
down €4,365 (-66.2%), from €6,594 to €2,229
- Profit (loss) carried forward -€3,749
down €3,749 (-32.8%), from -€11,448 to -€15,197
- Accrued charges and deferred income -€2,875
down €2,875 (-100%), from €2,875 to €0
- Other operating charges +€2,930
up €2,930 (+463%), from €632 to €3,562
- Financial charges +€885
up €885 (+42.7%), from €2,075 to €2,960
- Taxes +€367
up €367 (+62.5%), from €587 to €954
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 | €21,828 | €28,488 | +€6,659 | +30.5% |
| Fixed assets | 21/28 | €2,312 | €1,156 | -€1,156 | -50.0% |
| Tangible fixed assets | 22/27 | €2,312 | €1,156 | -€1,156 | -50.0% |
| Furniture and vehicles | 24 | €2,312 | €1,156 | -€1,156 | -50.0% |
| Current assets | 29/58 | €19,517 | €27,332 | +€7,815 | +40.0% |
| Amounts receivable within one year | 40/41 | €9,443 | €26,121 | +€16,678 | +177% |
| Trade receivables | 40 | €9,404 | €26,082 | +€16,678 | +177% |
| Other amounts receivable | 41 | €39 | €39 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,999 | €1,211 | -€7,788 | -86.5% |
| Deferred charges and accrued income | 490/1 | €1,075 | €0 | -€1,075 | -100% |
| Total equity and liabilities | 10/49 | €21,828 | €28,488 | +€6,659 | +30.5% |
| Equity | 10/15 | -€8,448 | -€12,197 | -€3,749 | -44.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,448 | -€15,197 | -€3,749 | -32.8% |
| Amounts payable | 17/49 | €30,276 | €40,685 | +€10,409 | +34.4% |
| Amounts payable within one year | 42/48 | €27,401 | €40,685 | +€13,284 | +48.5% |
| Trade debts | 44 | €4,683 | €12,573 | +€7,890 | +168% |
| Suppliers | 440/4 | €4,683 | €12,573 | +€7,890 | +168% |
| Taxes, remuneration and social security | 45 | €6,594 | €2,229 | -€4,365 | -66.2% |
| Taxes | 450/3 | €6,594 | €2,229 | -€4,365 | -66.2% |
| Other amounts payable | 47/48 | €16,124 | €25,882 | +€9,758 | +60.5% |
| Accrued charges and deferred income | 492/3 | €2,875 | €0 | -€2,875 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €1,156 | = | 0.0% |
| Other operating charges | 640/8 | €632 | €3,562 | +€2,930 | +463% |
| Gross operating margin | 9900 | €4,921 | €4,883 | -€38 | -0.8% |
| Operating profit (loss) | 9901 | €3,133 | €164 | -€2,968 | -94.8% |
| Financial charges | 65/66B | €2,075 | €2,960 | +€885 | +42.7% |
| Recurring financial charges | 65 | €2,075 | €2,960 | +€885 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €1,058 | -€2,795 | -€3,853 | |
| Income taxes | 67/77 | €587 | €954 | +€367 | +62.5% |
| Profit (loss) for the period | 9904 | €471 | -€3,749 | -€4,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €471 | -€3,749 | -€4,221 |
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 21 October 2026 via checked.be.