IMBE - INVEST: 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.
IMBE - INVEST
Largest movements
- Receivables within one year +€4,894
up €4,894 (+46.1%), from €10,617 to €15,511
of which Trade receivables: +€4,357
- Cash -€3,636
down €3,636 (-80.6%), from €4,509 to €873
mainly Debts after one year (-€25,000) and Receivables within one year (-€4,894)
- Tangible fixed assets +€1,390
up €1,390 (+36.2%), from €3,841 to €5,230
of which Furniture and vehicles: +€3,167
- Profit (loss) carried forward +€33,541
up €33,541 (+3.0%), from -€1.1m to -€1.1m
- Debts after one year -€25,000
down €25,000 (-3.2%), from €775,000 to €750,000
- Trade debts -€4,591
down €4,591 (-75.6%), from €6,074 to €1,483
- Other debts -€2,071
down €2,071 (-9.7%), from €21,387 to €19,317
- Tax, wage and social debts +€1,156
up €1,156 (+34.6%), from €3,345 to €4,501
- Gross operating margin -€12,913
down €12,913 (-21.1%), from €61,315 to €48,402
- Taxes -€3,011
down €3,011 (-20.3%), from €14,843 to €11,832
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 | €18,967 | €21,615 | +€2,648 | +14.0% |
| Fixed assets | 21/28 | €3,841 | €5,230 | +€1,390 | +36.2% |
| Tangible fixed assets | 22/27 | €3,841 | €5,230 | +€1,390 | +36.2% |
| Furniture and vehicles | 24 | - | €3,167 | +€3,167 | |
| Other tangible fixed assets | 26 | €3,841 | €2,063 | -€1,777 | -46.3% |
| Current assets | 29/58 | €15,126 | €16,384 | +€1,259 | +8.3% |
| Amounts receivable within one year | 40/41 | €10,617 | €15,511 | +€4,894 | +46.1% |
| Trade receivables | 40 | €7,986 | €12,343 | +€4,357 | +54.6% |
| Other amounts receivable | 41 | €2,631 | €3,168 | +€537 | +20.4% |
| Cash at bank and in hand | 54/58 | €4,509 | €873 | -€3,636 | -80.6% |
| Total equity and liabilities | 10/49 | €18,967 | €21,615 | +€2,648 | +14.0% |
| Equity | 10/15 | -€787,228 | -€753,686 | +€33,541 | +4.3% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €31,200 | €31,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,200 | €31,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,130,428 | -€1,096,886 | +€33,541 | +3.0% |
| Amounts payable | 17/49 | €806,194 | €775,301 | -€30,893 | -3.8% |
| Amounts payable after more than one year | 17 | €775,000 | €750,000 | -€25,000 | -3.2% |
| Financial debts | 170/4 | €775,000 | €750,000 | -€25,000 | -3.2% |
| Amounts payable within one year | 42/48 | €30,807 | €25,301 | -€5,506 | -17.9% |
| Trade debts | 44 | €6,074 | €1,483 | -€4,591 | -75.6% |
| Suppliers | 440/4 | €6,074 | €1,483 | -€4,591 | -75.6% |
| Taxes, remuneration and social security | 45 | €3,345 | €4,501 | +€1,156 | +34.6% |
| Taxes | 450/3 | €3,345 | €4,501 | +€1,156 | +34.6% |
| Other amounts payable | 47/48 | €21,387 | €19,317 | -€2,071 | -9.7% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,777 | €2,110 | +€333 | +18.8% |
| Other operating charges | 640/8 | €505 | €654 | +€149 | +29.5% |
| Gross operating margin | 9900 | €61,315 | €48,402 | -€12,913 | -21.1% |
| Operating profit (loss) | 9901 | €59,032 | €45,637 | -€13,395 | -22.7% |
| Financial charges | 65/66B | €348 | €264 | -€84 | -24.1% |
| Recurring financial charges | 65 | €348 | €234 | -€114 | -32.7% |
| Non-recurring financial charges | 66B | - | €30 | +€30 | |
| Profit (loss) for the period before taxes | 9903 | €58,684 | €45,373 | -€13,311 | -22.7% |
| Income taxes | 67/77 | €14,843 | €11,832 | -€3,011 | -20.3% |
| Profit (loss) for the period | 9904 | €43,842 | €33,541 | -€10,300 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,842 | €33,541 | -€10,300 | -23.5% |
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 27 October 2026 via checked.be.