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
- Deferred charges and accrued income +€439,615
up €439,615 (+64994.4%), from €676 to €440,292
- Cash -€13,613
down €13,613 (-30.0%), from €45,350 to €31,737
mainly Deferred charges and accrued income (-€439,615) and Current portion of long-term debt (-€48,668)
- Reserves +€480,747
up €480,747 (+78.0%), from €616,119 to €1.1m
- Current portion of long-term debt -€48,668
down €48,668 (-93.6%), from €52,002 to €3,334
- Other debts -€47,899
down €47,899 (-44.4%), from €107,842 to €59,944
- Tax, wage and social debts +€28,685
up €28,685 (+79.2%), from €36,222 to €64,908
of which Taxes: +€25,899
- Financial income +€439,516
up €439,516 (+151557251.7%), from €0 to €439,516
- Taxes +€51,353
up €51,353 (+226.3%), from €22,688 to €74,041
- Gross operating margin +€35,361
up €35,361 (+35.9%), from €98,611 to €133,972
- Other operating charges +€1,742
up €1,742 (+111.1%), from €1,568 to €3,310
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 | €827,694 | €1,242,302 | +€414,607 | +50.1% |
| Fixed assets | 21/28 | €748,286 | €741,886 | -€6,400 | -0.9% |
| Tangible fixed assets | 22/27 | €53,716 | €47,316 | -€6,400 | -11.9% |
| Plant, machinery and equipment | 23 | €2,066 | €2,941 | +€876 | +42.4% |
| Furniture and vehicles | 24 | €3,138 | €5,537 | +€2,400 | +76.5% |
| Other tangible fixed assets | 26 | €48,512 | €38,837 | -€9,676 | -19.9% |
| Financial fixed assets | 28 | €694,570 | €694,570 | = | 0.0% |
| Current assets | 29/58 | €79,408 | €500,416 | +€421,008 | +530.2% |
| Amounts receivable within one year | 40/41 | €33,382 | €28,387 | -€4,995 | -15.0% |
| Trade receivables | 40 | €25,571 | €26,125 | +€554 | +2.2% |
| Other amounts receivable | 41 | €7,811 | €2,262 | -€5,549 | -71.0% |
| Cash at bank and in hand | 54/58 | €45,350 | €31,737 | -€13,613 | -30.0% |
| Deferred charges and accrued income | 490/1 | €676 | €440,292 | +€439,615 | +64994.4% |
| Total equity and liabilities | 10/49 | €827,694 | €1,242,302 | +€414,607 | +50.1% |
| Equity | 10/15 | €616,219 | €1,096,966 | +€480,747 | +78.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €616,119 | €1,096,866 | +€480,747 | +78.0% |
| Distributable reserves | 133 | €616,119 | €1,096,866 | +€480,747 | +78.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €211,476 | €145,336 | -€66,140 | -31.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €211,476 | €145,068 | -€66,407 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €52,002 | €3,334 | -€48,668 | -93.6% |
| Financial debts | 43 | €8,381 | €8,466 | +€85 | +1.0% |
| Other loans | 439 | €8,381 | €8,466 | +€85 | +1.0% |
| Trade debts | 44 | €6,462 | €8,417 | +€1,955 | +30.3% |
| Suppliers | 440/4 | €6,462 | €8,417 | +€1,955 | +30.3% |
| Advances received on contracts in progress | 46 | €566 | €0 | -€566 | -100.0% |
| Taxes, remuneration and social security | 45 | €36,222 | €64,908 | +€28,685 | +79.2% |
| Taxes | 450/3 | €33,361 | €59,259 | +€25,899 | +77.6% |
| Remuneration and social security | 454/9 | €2,862 | €5,648 | +€2,787 | +97.4% |
| Other amounts payable | 47/48 | €107,842 | €59,944 | -€47,899 | -44.4% |
| Accrued charges and deferred income | 492/3 | - | €267 | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,938 | €11,896 | -€1,041 | -8.0% |
| Other operating charges | 640/8 | €1,568 | €3,310 | +€1,742 | +111.1% |
| Gross operating margin | 9900 | €98,611 | €133,972 | +€35,361 | +35.9% |
| Operating profit (loss) | 9901 | €84,105 | €118,766 | +€34,661 | +41.2% |
| Financial income | 75/76B | €0 | €439,516 | +€439,516 | +151557251.7% |
| Recurring financial income | 75 | €0 | €439,516 | +€439,516 | +151557251.7% |
| Financial charges | 65/66B | €4,688 | €3,494 | -€1,194 | -25.5% |
| Recurring financial charges | 65 | €4,688 | €3,494 | -€1,194 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €79,418 | €554,789 | +€475,371 | +598.6% |
| Income taxes | 67/77 | €22,688 | €74,041 | +€51,353 | +226.3% |
| Profit (loss) for the period | 9904 | €56,729 | €480,747 | +€424,018 | +747.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,729 | €480,747 | +€424,018 | +747.4% |
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 9 October 2026 via checked.be.