IMC²: 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.
IMC²
Largest movements
- Cash +€68,286
up €68,286 (+631.6%), from €10,812 to €79,099
mainly Net result for the year (+€96,384) and Tax, wage and social debts (+€13,137)
- Receivables within one year +€37,846
up €37,846 (+801.4%), from €4,723 to €42,569
of which Trade receivables: +€28,257
- Reserves +€126,693
up €126,693 (+150.7%), from €84,090 to €210,783
- Profit (loss) carried forward -€30,309
no longer reported in 2025 (was €30,309)
- Tax, wage and social debts +€13,137
up €13,137 (+254.5%), from €5,162 to €18,298
- Gross operating margin +€136,142
up €136,142, from -€4,125 to €132,017
- Taxes +€31,933
up €31,933 (+547.1%), from €5,836 to €37,769
- Financial income -€19,350
down €19,350 (-83.2%), from €23,248 to €3,898
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 | €133,525 | €241,597 | +€108,072 | +80.9% |
| Fixed assets | 21/28 | €2,106 | €1,608 | -€498 | -23.6% |
| Tangible fixed assets | 22/27 | €2,106 | €1,608 | -€498 | -23.6% |
| Furniture and vehicles | 24 | €2,106 | €1,608 | -€498 | -23.6% |
| Current assets | 29/58 | €131,419 | €239,990 | +€108,570 | +82.6% |
| Amounts receivable within one year | 40/41 | €4,723 | €42,569 | +€37,846 | +801.4% |
| Trade receivables | 40 | €42 | €28,299 | +€28,257 | +67277.7% |
| Other amounts receivable | 41 | €4,681 | €14,270 | +€9,590 | +204.9% |
| Current investments | 50/53 | €115,884 | €117,603 | +€1,719 | +1.5% |
| Cash at bank and in hand | 54/58 | €10,812 | €79,099 | +€68,286 | +631.6% |
| Deferred charges and accrued income | 490/1 | - | €719 | +€719 | |
| Total equity and liabilities | 10/49 | €133,525 | €241,597 | +€108,072 | +80.9% |
| Equity | 10/15 | €126,799 | €223,183 | +€96,384 | +76.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,090 | €210,783 | +€126,693 | +150.7% |
| Distributable reserves | 133 | €84,090 | €210,783 | +€126,693 | +150.7% |
| Profit (loss) carried forward | 14 | €30,309 | - | -€30,309 | |
| Amounts payable | 17/49 | €6,726 | €18,415 | +€11,688 | +173.8% |
| Amounts payable within one year | 42/48 | €6,726 | €18,374 | +€11,648 | +173.2% |
| Trade debts | 44 | €1,564 | €76 | -€1,488 | -95.2% |
| Suppliers | 440/4 | €1,564 | €76 | -€1,488 | -95.2% |
| Taxes, remuneration and social security | 45 | €5,162 | €18,298 | +€13,137 | +254.5% |
| Taxes | 450/3 | €5,162 | €18,298 | +€13,137 | +254.5% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €498 | +€246 | +97.5% |
| Other operating charges | 640/8 | €556 | €848 | +€291 | +52.4% |
| Gross operating margin | 9900 | -€4,125 | €132,017 | +€136,142 | |
| Operating profit (loss) | 9901 | -€4,934 | €130,671 | +€135,605 | |
| Financial income | 75/76B | €23,248 | €3,898 | -€19,350 | -83.2% |
| Recurring financial income | 75 | €23,248 | €3,898 | -€19,350 | -83.2% |
| Financial charges | 65/66B | €592 | €416 | -€176 | -29.8% |
| Recurring financial charges | 65 | €592 | €416 | -€176 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €17,722 | €134,153 | +€116,431 | +657.0% |
| Income taxes | 67/77 | €5,836 | €37,769 | +€31,933 | +547.1% |
| Profit (loss) for the period | 9904 | €11,886 | €96,384 | +€84,498 | +710.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,886 | €96,384 | +€84,498 | +710.9% |
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 8 October 2026 via checked.be.