IMADBSK: 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.
IMADBSK
Largest movements
- Tangible fixed assets +€34,045
up €34,045 (+155.9%), from €21,837 to €55,882
of which Other tangible fixed assets: +€34,433
- Cash +€884
up €884 (+5.9%), from €14,941 to €15,824
mainly Net result for the year (+€20,596) and Accrued charges and deferred income (+€12,701)
- Profit (loss) carried forward +€20,596
up €20,596 (+63.6%), from €32,384 to €52,979
- Accrued charges and deferred income +€12,701
new in 2025: €12,701
- Other debts +€1,617
up €1,617 (+225.7%), from €716 to €2,334
- Gross operating margin +€8,112
up €8,112 (+27.7%), from €29,287 to €37,399
- Depreciation +€2,554
up €2,554 (+41.3%), from €6,187 to €8,741
- Taxes +€986
up €986 (+17.8%), from €5,531 to €6,517
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 | €38,378 | €72,812 | +€34,433 | +89.7% |
| Formation expenses | 20 | €720 | €473 | -€247 | -34.3% |
| Fixed assets | 21/28 | €21,837 | €55,882 | +€34,045 | +155.9% |
| Tangible fixed assets | 22/27 | €21,837 | €55,882 | +€34,045 | +155.9% |
| Furniture and vehicles | 24 | €3,602 | €3,214 | -€388 | -10.8% |
| Other tangible fixed assets | 26 | €18,235 | €52,668 | +€34,433 | +188.8% |
| Current assets | 29/58 | €15,822 | €16,457 | +€636 | +4.0% |
| Amounts receivable within one year | 40/41 | €592 | €483 | -€109 | -18.5% |
| Other amounts receivable | 41 | €592 | €483 | -€109 | -18.5% |
| Cash at bank and in hand | 54/58 | €14,941 | €15,824 | +€884 | +5.9% |
| Deferred charges and accrued income | 490/1 | €289 | €150 | -€139 | -48.1% |
| Total equity and liabilities | 10/49 | €38,378 | €72,812 | +€34,433 | +89.7% |
| Equity | 10/15 | €35,384 | €55,979 | +€20,596 | +58.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,384 | €52,979 | +€20,596 | +63.6% |
| Amounts payable | 17/49 | €2,995 | €16,832 | +€13,838 | +462.1% |
| Amounts payable within one year | 42/48 | €2,995 | €4,131 | +€1,137 | +38.0% |
| Trade debts | 44 | €1,568 | €1,191 | -€377 | -24.1% |
| Suppliers | 440/4 | €1,568 | €1,191 | -€377 | -24.1% |
| Taxes, remuneration and social security | 45 | €710 | €607 | -€103 | -14.5% |
| Taxes | 450/3 | €710 | €607 | -€103 | -14.5% |
| Other amounts payable | 47/48 | €716 | €2,334 | +€1,617 | +225.7% |
| Accrued charges and deferred income | 492/3 | - | €12,701 | +€12,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,187 | €8,741 | +€2,554 | +41.3% |
| Other operating charges | 640/8 | €1,768 | €1,441 | -€327 | -18.5% |
| Non-recurring operating charges | 66A | €7,958 | €0 | -€7,958 | -100.0% |
| Gross operating margin | 9900 | €29,287 | €37,399 | +€8,112 | +27.7% |
| Operating profit (loss) | 9901 | €13,375 | €27,217 | +€13,843 | +103.5% |
| Financial charges | 65/66B | €110 | €104 | -€6 | -5.4% |
| Recurring financial charges | 65 | €110 | €104 | -€6 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €13,264 | €27,113 | +€13,849 | +104.4% |
| Income taxes | 67/77 | €5,531 | €6,517 | +€986 | +17.8% |
| Profit (loss) for the period | 9904 | €7,734 | €20,596 | +€12,862 | +166.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,734 | €20,596 | +€12,862 | +166.3% |
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 11 October 2026 via checked.be.