IMC: 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.
IMC
Largest movements
- Cash -€38,415
down €38,415 (-68.3%), from €56,217 to €17,802
mainly Other debts (-€38,920) and Debts after one year (-€35,232)
- Receivables within one year +€34,046
up €34,046 (+59.9%), from €56,809 to €90,855
of which Trade receivables: +€34,199
- Trade debts +€40,601
new in 2025: €40,601
- Other debts -€38,920
down €38,920 (-55.6%), from €70,000 to €31,080
- Debts after one year -€35,232
down €35,232 (-24.7%), from €142,530 to €107,298
- Profit (loss) carried forward +€18,014
up €18,014 (+10.1%), from €177,844 to €195,858
- Gross operating margin -€39,347
down €39,347 (-31.5%), from €124,732 to €85,385
- Taxes -€9,820
down €9,820 (-40.3%), from €24,372 to €14,552
- Other operating charges +€7,887
up €7,887 (+753%), from €1,047 to €8,934
- Depreciation +€6,309
up €6,309 (+72.6%), from €8,691 to €15,000
- Financial charges +€6,277
up €6,277 (+240%), from €2,611 to €8,888
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 | €462,676 | €451,965 | -€10,711 | -2.3% |
| Fixed assets | 21/28 | €346,676 | €342,273 | -€4,403 | -1.3% |
| Tangible fixed assets | 22/27 | €346,451 | €342,048 | -€4,403 | -1.3% |
| Land and buildings | 22 | €328,635 | €319,279 | -€9,356 | -2.8% |
| Plant, machinery and equipment | 23 | €1,832 | €889 | -€943 | -51.5% |
| Furniture and vehicles | 24 | €15,984 | €21,880 | +€5,896 | +36.9% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €116,000 | €109,692 | -€6,308 | -5.4% |
| Amounts receivable within one year | 40/41 | €56,809 | €90,855 | +€34,046 | +59.9% |
| Trade receivables | 40 | €51,208 | €85,407 | +€34,199 | +66.8% |
| Other amounts receivable | 41 | €5,601 | €5,448 | -€153 | -2.7% |
| Cash at bank and in hand | 54/58 | €56,217 | €17,802 | -€38,415 | -68.3% |
| Deferred charges and accrued income | 490/1 | €2,974 | €1,035 | -€1,939 | -65.2% |
| Total equity and liabilities | 10/49 | €462,676 | €451,965 | -€10,711 | -2.3% |
| Equity | 10/15 | €202,799 | €220,813 | +€18,014 | +8.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,405 | €6,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €4,550 | €4,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,844 | €195,858 | +€18,014 | +10.1% |
| Amounts payable | 17/49 | €259,877 | €231,152 | -€28,725 | -11.1% |
| Amounts payable after more than one year | 17 | €142,530 | €107,298 | -€35,232 | -24.7% |
| Financial debts | 170/4 | €142,530 | €107,298 | -€35,232 | -24.7% |
| Amounts payable within one year | 42/48 | €117,347 | €123,854 | +€6,507 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €33,936 | €35,232 | +€1,296 | +3.8% |
| Trade debts | 44 | - | €40,601 | +€40,601 | |
| Suppliers | 440/4 | - | €40,601 | +€40,601 | |
| Taxes, remuneration and social security | 45 | €13,411 | €16,941 | +€3,530 | +26.3% |
| Taxes | 450/3 | €13,411 | €16,941 | +€3,530 | +26.3% |
| Other amounts payable | 47/48 | €70,000 | €31,080 | -€38,920 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,691 | €15,000 | +€6,309 | +72.6% |
| Other operating charges | 640/8 | €1,047 | €8,934 | +€7,887 | +753% |
| Gross operating margin | 9900 | €124,732 | €85,385 | -€39,347 | -31.5% |
| Operating profit (loss) | 9901 | €114,994 | €61,451 | -€53,543 | -46.6% |
| Financial income | 75/76B | €1 | €3 | +€2 | +200% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +200% |
| Financial charges | 65/66B | €2,611 | €8,888 | +€6,277 | +240% |
| Recurring financial charges | 65 | €2,611 | €8,888 | +€6,277 | +240% |
| Profit (loss) for the period before taxes | 9903 | €112,384 | €52,566 | -€59,818 | -53.2% |
| Income taxes | 67/77 | €24,372 | €14,552 | -€9,820 | -40.3% |
| Profit (loss) for the period | 9904 | €88,012 | €38,014 | -€49,998 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,012 | €38,014 | -€49,998 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.