IMDEP: 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.
IMDEP
Largest movements
- Tangible fixed assets -€585,595
down €585,595 (-14.3%), from €4.1m to €3.5m
- Other debts -€1.5m
down €1.5m (-33.0%), from €4.5m to €3.0m
- Reserves +€455,794
up €455,794 (+3404.9%), from €13,386 to €469,181
of which Distributable reserves: +€433,005
- Profit (loss) carried forward +€408,889
up €408,889, from -€408,889 to €0
- Tax, wage and social debts +€62,099
new in 2025: €62,099
- Gross operating margin +€1.0m
up €1.0m (+7188.5%), from €14,317 to €1.0m
- Taxes +€212,099
new in 2025: €212,099
- Financial income -€14,635
down €14,635 (-26.3%), from €55,563 to €40,928
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 | €5,333,446 | €4,768,922 | -€564,524 | -10.6% |
| Fixed assets | 21/28 | €4,100,303 | €3,514,709 | -€585,595 | -14.3% |
| Tangible fixed assets | 22/27 | €4,100,303 | €3,514,709 | -€585,595 | -14.3% |
| Land and buildings | 22 | €4,100,303 | €3,514,709 | -€585,595 | -14.3% |
| Current assets | 29/58 | €1,233,143 | €1,254,213 | +€21,070 | +1.7% |
| Amounts receivable after more than one year | 29 | €1,227,241 | €1,227,241 | = | 0.0% |
| Other amounts receivable | 291 | €1,227,241 | €1,227,241 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103 | €0 | -€103 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €103 | €0 | -€103 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,113 | €25,733 | +€21,620 | +525.7% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,240 | -€446 | -26.5% |
| Total equity and liabilities | 10/49 | €5,333,446 | €4,768,922 | -€564,524 | -10.6% |
| Equity | 10/15 | €819,057 | €1,683,740 | +€864,683 | +105.6% |
| Contributions | 10/11 | €1,214,559 | €1,214,559 | = | 0.0% |
| Capital | 10 | €1,214,559 | €1,214,559 | = | 0.0% |
| Issued capital | 100 | €1,214,559 | €1,214,559 | = | 0.0% |
| Reserves | 13 | €13,386 | €469,181 | +€455,794 | +3404.9% |
| Non-distributable reserves | 130/1 | €13,386 | €36,176 | +€22,790 | +170.2% |
| Legal reserve | 130 | €13,386 | €36,176 | +€22,790 | +170.2% |
| Distributable reserves | 133 | - | €433,005 | +€433,005 | |
| Profit (loss) carried forward | 14 | -€408,889 | €0 | +€408,889 | |
| Amounts payable | 17/49 | €4,514,389 | €3,085,182 | -€1.4m | -31.7% |
| Amounts payable within one year | 42/48 | €4,514,389 | €3,085,182 | -€1.4m | -31.7% |
| Trade debts | 44 | €1,608 | €281 | -€1,327 | -82.5% |
| Suppliers | 440/4 | €1,608 | €281 | -€1,327 | -82.5% |
| Taxes, remuneration and social security | 45 | - | €62,099 | +€62,099 | |
| Taxes | 450/3 | - | €62,099 | +€62,099 | |
| Other amounts payable | 47/48 | €4,512,781 | €3,022,801 | -€1.5m | -33.0% |
| Non-recurring operating income | 76A | - | €1,064,405 | +€1.1m | |
| Other operating charges | 640/8 | €7,693 | €7,518 | -€175 | -2.3% |
| Gross operating margin | 9900 | €14,317 | €1,043,522 | +€1.0m | +7188.5% |
| Operating profit (loss) | 9901 | €6,624 | €1,036,004 | +€1.0m | +15539.0% |
| Financial income | 75/76B | €55,563 | €40,928 | -€14,635 | -26.3% |
| Recurring financial income | 75 | €55,563 | €40,928 | -€14,635 | -26.3% |
| Financial charges | 65/66B | €142 | €150 | +€8 | +5.4% |
| Recurring financial charges | 65 | €142 | €150 | +€8 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €62,045 | €1,076,782 | +€1.0m | +1635.5% |
| Income taxes | 67/77 | - | €212,099 | +€212,099 | |
| Profit (loss) for the period | 9904 | €62,045 | €864,683 | +€802,638 | +1293.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,045 | €864,683 | +€802,638 | +1293.6% |
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 30 September 2026 via checked.be.