IMBM: 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.
IMBM
Largest movements
- Tangible fixed assets +€40,873
up €40,873 (+9.8%), from €416,825 to €457,698
- Deferred charges and accrued income -€11,664
down €11,664 (-48.9%), from €23,858 to €12,194
- Receivables within one year +€11,596
up €11,596 (+79.9%), from €14,520 to €26,116
- Other debts +€146,843
up €146,843 (+266%), from €55,243 to €202,085
- Accrued charges and deferred income -€121,262
no longer reported in 2025 (was €121,262)
- Tax, wage and social debts +€8,852
new in 2025: €8,852
of which Remuneration and social security: +€8,488
- Gross operating margin +€46,227
up €46,227 (+160%), from €28,871 to €75,097
- Staff costs +€32,493
up €32,493 (+324%), from €10,033 to €42,525
- Financial charges +€11,867
up €11,867 (+1,671,404%), from €1 to €11,868
of which Non-recurring financial charges: +€11,801
- Financial income +€3,908
up €3,908 (+130,254%), from €3 to €3,911
of which Non-recurring financial income: +€3,909
- Other operating charges -€2,560
down €2,560 (-13.1%), from €19,513 to €16,953
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 | €472,831 | €510,495 | +€37,665 | +8.0% |
| Fixed assets | 21/28 | €419,505 | €460,377 | +€40,873 | +9.7% |
| Tangible fixed assets | 22/27 | €416,825 | €457,698 | +€40,873 | +9.8% |
| Land and buildings | 22 | €416,825 | €457,698 | +€40,873 | +9.8% |
| Financial fixed assets | 28 | €2,680 | €2,680 | = | 0.0% |
| Current assets | 29/58 | €53,326 | €50,118 | -€3,208 | -6.0% |
| Amounts receivable within one year | 40/41 | €14,520 | €26,116 | +€11,596 | +79.9% |
| Trade receivables | 40 | €14,520 | €26,116 | +€11,596 | +79.9% |
| Cash at bank and in hand | 54/58 | €14,948 | €11,808 | -€3,140 | -21.0% |
| Deferred charges and accrued income | 490/1 | €23,858 | €12,194 | -€11,664 | -48.9% |
| Total equity and liabilities | 10/49 | €472,831 | €510,495 | +€37,665 | +8.0% |
| Equity | 10/15 | €296,326 | €299,558 | +€3,232 | +1.1% |
| Contributions | 10/11 | €384,235 | €384,235 | = | 0.0% |
| Capital | 10 | €384,235 | €384,235 | = | 0.0% |
| Issued capital | 100 | €384,235 | €384,235 | = | 0.0% |
| Reserves | 13 | €2,946 | €2,946 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,946 | €2,946 | = | 0.0% |
| Legal reserve | 130 | €2,946 | €2,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,855 | -€87,623 | +€3,232 | +3.6% |
| Amounts payable | 17/49 | €176,505 | €210,937 | +€34,432 | +19.5% |
| Amounts payable within one year | 42/48 | €55,243 | €210,937 | +€155,695 | +282% |
| Taxes, remuneration and social security | 45 | - | €8,852 | +€8,852 | |
| Taxes | 450/3 | - | €363 | +€363 | |
| Remuneration and social security | 454/9 | - | €8,488 | +€8,488 | |
| Other amounts payable | 47/48 | €55,243 | €202,085 | +€146,843 | +266% |
| Accrued charges and deferred income | 492/3 | €121,262 | - | -€121,262 | |
| Remuneration, social security and pensions | 62 | €10,033 | €42,525 | +€32,493 | +324% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,301 | €4,430 | +€128 | +3.0% |
| Other operating charges | 640/8 | €19,513 | €16,953 | -€2,560 | -13.1% |
| Gross operating margin | 9900 | €28,871 | €75,097 | +€46,227 | +160% |
| Operating profit (loss) | 9901 | -€4,976 | €11,189 | +€16,165 | |
| Financial income | 75/76B | €3 | €3,911 | +€3,908 | +130,254% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -58.7% |
| Non-recurring financial income | 76B | - | €3,909 | +€3,909 | |
| Financial charges | 65/66B | €1 | €11,868 | +€11,867 | +1,671,404% |
| Recurring financial charges | 65 | €1 | €67 | +€66 | +9,304% |
| Non-recurring financial charges | 66B | - | €11,801 | +€11,801 | |
| Profit (loss) for the period before taxes | 9903 | -€4,974 | €3,232 | +€8,206 | |
| Profit (loss) for the period | 9904 | -€4,974 | €3,232 | +€8,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,974 | €3,232 | +€8,206 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.