IMBG: 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.
IMBG
Largest movements
- Cash +€36,910
up €36,910 (+456.4%), from €8,087 to €44,997
mainly Other debts (+€60,443) and Net result for the year (+€26,486)
- Receivables within one year +€21,389
up €21,389 (+696.0%), from €3,073 to €24,463
- Other debts +€60,443
up €60,443 (+57.5%), from €105,150 to €165,593
- Debts after one year -€45,542
down €45,542 (-11.7%), from €388,055 to €342,513
- Profit (loss) carried forward +€26,486
up €26,486 (+42.2%), from €62,825 to €89,310
- Tax, wage and social debts +€12,678
up €12,678 (+87.9%), from €14,423 to €27,101
of which Taxes: +€12,640
- Financial charges +€54,630
up €54,630 (+338.4%), from €16,145 to €70,775
- Gross operating margin +€47,264
up €47,264 (+72.5%), from €65,199 to €112,463
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 | €657,994 | €711,733 | +€53,740 | +8.2% |
| Fixed assets | 21/28 | €646,833 | €642,273 | -€4,560 | -0.7% |
| Tangible fixed assets | 22/27 | €168,172 | €163,612 | -€4,560 | -2.7% |
| Land and buildings | 22 | €168,172 | €163,612 | -€4,560 | -2.7% |
| Financial fixed assets | 28 | €478,661 | €478,661 | = | 0.0% |
| Current assets | 29/58 | €11,161 | €69,460 | +€58,300 | +522.4% |
| Amounts receivable within one year | 40/41 | €3,073 | €24,463 | +€21,389 | +696.0% |
| Trade receivables | 40 | €3,073 | €24,463 | +€21,389 | +696.0% |
| Cash at bank and in hand | 54/58 | €8,087 | €44,997 | +€36,910 | +456.4% |
| Total equity and liabilities | 10/49 | €657,994 | €711,733 | +€53,740 | +8.2% |
| Equity | 10/15 | €103,825 | €130,310 | +€26,486 | +25.5% |
| Contributions | 10/11 | €41,000 | €41,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,825 | €89,310 | +€26,486 | +42.2% |
| Amounts payable | 17/49 | €554,169 | €581,423 | +€27,254 | +4.9% |
| Amounts payable after more than one year | 17 | €388,055 | €342,513 | -€45,542 | -11.7% |
| Financial debts | 170/4 | €388,055 | €342,513 | -€45,542 | -11.7% |
| Amounts payable within one year | 42/48 | €166,114 | €238,910 | +€72,795 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €44,195 | €45,542 | +€1,346 | +3.0% |
| Trade debts | 44 | €2,346 | €674 | -€1,672 | -71.3% |
| Suppliers | 440/4 | €2,346 | €674 | -€1,672 | -71.3% |
| Taxes, remuneration and social security | 45 | €14,423 | €27,101 | +€12,678 | +87.9% |
| Taxes | 450/3 | €14,423 | €27,063 | +€12,640 | +87.6% |
| Remuneration and social security | 454/9 | - | €38 | +€38 | |
| Other amounts payable | 47/48 | €105,150 | €165,593 | +€60,443 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,560 | €4,560 | = | 0.0% |
| Other operating charges | 640/8 | €1,241 | €1,280 | +€39 | +3.1% |
| Gross operating margin | 9900 | €65,199 | €112,463 | +€47,264 | +72.5% |
| Operating profit (loss) | 9901 | €59,398 | €106,623 | +€47,225 | +79.5% |
| Financial income | 75/76B | €24 | €848 | +€824 | +3431.3% |
| Recurring financial income | 75 | €24 | €848 | +€824 | +3431.3% |
| Financial charges | 65/66B | €16,145 | €70,775 | +€54,630 | +338.4% |
| Recurring financial charges | 65 | €16,145 | €70,775 | +€54,630 | +338.4% |
| Profit (loss) for the period before taxes | 9903 | €43,277 | €36,696 | -€6,581 | -15.2% |
| Income taxes | 67/77 | €10,471 | €10,210 | -€261 | -2.5% |
| Profit (loss) for the period | 9904 | €32,806 | €26,486 | -€6,320 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,806 | €26,486 | -€6,320 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.