IMDI: 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.
IMDI
Largest movements
- Cash +€57,344
up €57,344 (+63.8%), from €89,820 to €147,164
mainly Depreciation (+€33,908) and Net result for the year (+€25,976)
- Tangible fixed assets -€33,908
down €33,908 (-9.7%), from €348,243 to €314,335
of which Other tangible fixed assets: -€23,477
- Receivables within one year -€20,109
down €20,109 (-80.7%), from €24,911 to €4,801
of which Other amounts receivable: -€11,850
- Reserves +€25,976
up €25,976 (+38.9%), from €66,861 to €92,838
of which Distributable reserves: +€25,976
- Debts after one year -€21,106
down €21,106 (-7.0%), from €300,215 to €279,109
- Gross operating margin +€15,289
up €15,289 (+23.6%), from €64,777 to €80,065
- Taxes +€4,862
up €4,862 (+104.6%), from €4,646 to €9,509
- Financial charges +€2,651
up €2,651 (+37.8%), from €7,020 to €9,671
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 | €478,084 | €481,411 | +€3,327 | +0.7% |
| Fixed assets | 21/28 | €359,353 | €325,446 | -€33,908 | -9.4% |
| Tangible fixed assets | 22/27 | €348,243 | €314,335 | -€33,908 | -9.7% |
| Land and buildings | 22 | €18,216 | €14,005 | -€4,211 | -23.1% |
| Plant, machinery and equipment | 23 | €12,105 | €10,502 | -€1,603 | -13.2% |
| Furniture and vehicles | 24 | €12,725 | €8,108 | -€4,618 | -36.3% |
| Other tangible fixed assets | 26 | €305,197 | €281,720 | -€23,477 | -7.7% |
| Financial fixed assets | 28 | €11,111 | €11,111 | = | 0.0% |
| Current assets | 29/58 | €118,731 | €155,965 | +€37,235 | +31.4% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,911 | €4,801 | -€20,109 | -80.7% |
| Trade receivables | 40 | €12,570 | €4,310 | -€8,260 | -65.7% |
| Other amounts receivable | 41 | €12,341 | €491 | -€11,850 | -96.0% |
| Cash at bank and in hand | 54/58 | €89,820 | €147,164 | +€57,344 | +63.8% |
| Total equity and liabilities | 10/49 | €478,084 | €481,411 | +€3,327 | +0.7% |
| Equity | 10/15 | €146,347 | €172,324 | +€25,976 | +17.7% |
| Contributions | 10/11 | €52,750 | €52,750 | = | 0.0% |
| Reserves | 13 | €66,861 | €92,838 | +€25,976 | +38.9% |
| Tax-exempt reserves | 132 | €2,422 | €2,422 | = | 0.0% |
| Distributable reserves | 133 | €64,439 | €90,416 | +€25,976 | +40.3% |
| Profit (loss) carried forward | 14 | €26,736 | €26,736 | = | 0.0% |
| Amounts payable | 17/49 | €331,737 | €309,087 | -€22,650 | -6.8% |
| Amounts payable after more than one year | 17 | €300,215 | €279,109 | -€21,106 | -7.0% |
| Financial debts | 170/4 | €300,215 | €279,109 | -€21,106 | -7.0% |
| Amounts payable within one year | 42/48 | €31,522 | €29,978 | -€1,544 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €22,846 | €22,881 | +€35 | +0.2% |
| Trade debts | 44 | €3,900 | €1,110 | -€2,790 | -71.5% |
| Suppliers | 440/4 | €3,900 | €1,110 | -€2,790 | -71.5% |
| Taxes, remuneration and social security | 45 | €3,983 | €5,741 | +€1,758 | +44.1% |
| Taxes | 450/3 | €3,983 | €5,741 | +€1,758 | +44.1% |
| Other amounts payable | 47/48 | €793 | €246 | -€547 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,334 | €33,908 | -€426 | -1.2% |
| Other operating charges | 640/8 | €1,452 | €1,373 | -€79 | -5.5% |
| Gross operating margin | 9900 | €64,777 | €80,065 | +€15,289 | +23.6% |
| Operating profit (loss) | 9901 | €28,991 | €44,784 | +€15,794 | +54.5% |
| Financial income | 75/76B | €30 | €372 | +€342 | +1137.7% |
| Recurring financial income | 75 | €30 | €372 | +€342 | +1137.7% |
| Financial charges | 65/66B | €7,020 | €9,671 | +€2,651 | +37.8% |
| Recurring financial charges | 65 | €7,020 | €9,671 | +€2,651 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €22,001 | €35,485 | +€13,484 | +61.3% |
| Income taxes | 67/77 | €4,646 | €9,509 | +€4,862 | +104.6% |
| Profit (loss) for the period | 9904 | €17,354 | €25,976 | +€8,622 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,354 | €25,976 | +€8,622 | +49.7% |
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 11 October 2026 via checked.be.