IMCSI: 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.
IMCSI
Largest movements
- Current investments -€534,424
down €534,424 (-46.7%), from €1.1m to €611,165
- Receivables within one year -€19,782
down €19,782 (-37.2%), from €53,118 to €33,336
of which Other amounts receivable: -€21,030
- Tangible fixed assets -€16,025
down €16,025 (-33.2%), from €48,306 to €32,281
of which Furniture and vehicles: -€16,326
- Reserves -€561,312
down €561,312 (-45.3%), from €1.2m to €677,662
- Gross operating margin +€30,699
up €30,699 (+23.7%), from €129,406 to €160,105
- Taxes +€10,236
up €10,236 (+29.4%), from €34,804 to €45,041
- Financial income +€1,821
up €1,821 (+20.1%), from €9,070 to €10,891
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 | €1,252,321 | €692,136 | -€560,185 | -44.7% |
| Fixed assets | 21/28 | €48,356 | €32,331 | -€16,025 | -33.1% |
| Tangible fixed assets | 22/27 | €48,306 | €32,281 | -€16,025 | -33.2% |
| Furniture and vehicles | 24 | €48,306 | €31,980 | -€16,326 | -33.8% |
| Leasing and similar rights | 25 | - | €301 | +€301 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,203,964 | €659,805 | -€544,159 | -45.2% |
| Amounts receivable within one year | 40/41 | €53,118 | €33,336 | -€19,782 | -37.2% |
| Trade receivables | 40 | €13,966 | €15,214 | +€1,248 | +8.9% |
| Other amounts receivable | 41 | €39,152 | €18,122 | -€21,030 | -53.7% |
| Current investments | 50/53 | €1,145,589 | €611,165 | -€534,424 | -46.7% |
| Cash at bank and in hand | 54/58 | €4,432 | €12,548 | +€8,116 | +183.1% |
| Deferred charges and accrued income | 490/1 | €826 | €2,756 | +€1,930 | +233.7% |
| Total equity and liabilities | 10/49 | €1,252,321 | €692,136 | -€560,185 | -44.7% |
| Equity | 10/15 | €1,251,389 | €690,062 | -€561,327 | -44.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,238,974 | €677,662 | -€561,312 | -45.3% |
| Distributable reserves | 133 | €1,238,974 | €677,662 | -€561,312 | -45.3% |
| Profit (loss) carried forward | 14 | €15 | - | -€15 | |
| Amounts payable | 17/49 | €932 | €2,074 | +€1,142 | +122.6% |
| Amounts payable within one year | 42/48 | €732 | €2,074 | +€1,342 | +183.4% |
| Trade debts | 44 | €732 | €1,165 | +€433 | +59.1% |
| Suppliers | 440/4 | €732 | €1,165 | +€433 | +59.1% |
| Taxes, remuneration and social security | 45 | - | €533 | +€533 | |
| Taxes | 450/3 | - | €533 | +€533 | |
| Other amounts payable | 47/48 | - | €377 | +€377 | |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,918 | €16,025 | +€107 | +0.7% |
| Other operating charges | 640/8 | €1,496 | €1,568 | +€73 | +4.9% |
| Gross operating margin | 9900 | €129,406 | €160,105 | +€30,699 | +23.7% |
| Operating profit (loss) | 9901 | €111,992 | €142,512 | +€30,519 | +27.3% |
| Financial income | 75/76B | €9,070 | €10,891 | +€1,821 | +20.1% |
| Recurring financial income | 75 | €9,070 | €10,891 | +€1,821 | +20.1% |
| Financial charges | 65/66B | €324 | €380 | +€55 | +17.0% |
| Recurring financial charges | 65 | €324 | €380 | +€55 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €120,738 | €153,023 | +€32,285 | +26.7% |
| Income taxes | 67/77 | €34,804 | €45,041 | +€10,236 | +29.4% |
| Profit (loss) for the period | 9904 | €85,933 | €107,982 | +€22,049 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,933 | €107,982 | +€22,049 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.