IMDUZZ: 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.
IMDUZZ
Largest movements
- Tangible fixed assets +€139,156
new in 2024: €139,156
- Receivables after one year -€121,565
down €121,565 (-5.8%), from €2.1m to €2.0m
- Cash +€32,326
up €32,326 (+146.0%), from €22,139 to €54,465
mainly Trade debts (+€142,751) and Receivables after one year (+€121,565)
- Debts after one year -€148,422
down €148,422 (-12.4%), from €1.2m to €1.0m
- Trade debts +€142,751
up €142,751 (+1268.3%), from €11,256 to €154,006
- Reserves +€30,678
up €30,678 (+23.1%), from €132,522 to €163,199
- Gross operating margin +€10,214
up €10,214 (+69.4%), from €14,713 to €24,927
- Other operating charges +€7,680
up €7,680 (+33.5%), from €22,950 to €30,630
- Depreciation +€4,880
new in 2024: €4,880
- Financial income -€3,457
down €3,457 (-5.2%), from €66,384 to €62,927
- Financial charges -€1,089
down €1,089 (-9.9%), from €11,050 to €9,961
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,245,410 | €2,273,514 | +€28,103 | +1.3% |
| Fixed assets | 21/28 | - | €139,156 | +€139,156 | |
| Tangible fixed assets | 22/27 | - | €139,156 | +€139,156 | |
| Plant, machinery and equipment | 23 | - | €139,156 | +€139,156 | |
| Current assets | 29/58 | €2,245,410 | €2,134,358 | -€111,053 | -4.9% |
| Amounts receivable after more than one year | 29 | €2,079,892 | €1,958,327 | -€121,565 | -5.8% |
| Other amounts receivable | 291 | €2,079,892 | €1,958,327 | -€121,565 | -5.8% |
| Amounts receivable within one year | 40/41 | €143,379 | €121,565 | -€21,814 | -15.2% |
| Trade receivables | 40 | €19,653 | €0 | -€19,653 | -100.0% |
| Other amounts receivable | 41 | €123,727 | €121,565 | -€2,162 | -1.7% |
| Cash at bank and in hand | 54/58 | €22,139 | €54,465 | +€32,326 | +146.0% |
| Total equity and liabilities | 10/49 | €2,245,410 | €2,273,514 | +€28,103 | +1.3% |
| Equity | 10/15 | €152,522 | €183,199 | +€30,678 | +20.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €132,522 | €163,199 | +€30,678 | +23.1% |
| Distributable reserves | 133 | €132,522 | €163,199 | +€30,678 | +23.1% |
| Amounts payable | 17/49 | €2,092,889 | €2,090,314 | -€2,574 | -0.1% |
| Amounts payable after more than one year | 17 | €1,193,751 | €1,045,329 | -€148,422 | -12.4% |
| Financial debts | 170/4 | €1,193,751 | €1,045,329 | -€148,422 | -12.4% |
| Amounts payable within one year | 42/48 | €899,138 | €1,044,985 | +€145,847 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €147,257 | €148,422 | +€1,165 | +0.8% |
| Trade debts | 44 | €11,256 | €154,006 | +€142,751 | +1268.3% |
| Suppliers | 440/4 | €11,256 | €154,006 | +€142,751 | +1268.3% |
| Taxes, remuneration and social security | 45 | €3,273 | €5,204 | +€1,932 | +59.0% |
| Taxes | 450/3 | €3,273 | €5,204 | +€1,932 | +59.0% |
| Other amounts payable | 47/48 | €737,353 | €737,353 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,880 | +€4,880 | |
| Other operating charges | 640/8 | €22,950 | €30,630 | +€7,680 | +33.5% |
| Non-recurring operating charges | 66A | €58 | €0 | -€58 | -100.0% |
| Gross operating margin | 9900 | €14,713 | €24,927 | +€10,214 | +69.4% |
| Operating profit (loss) | 9901 | -€8,294 | -€10,583 | -€2,289 | -27.6% |
| Financial income | 75/76B | €66,384 | €62,927 | -€3,457 | -5.2% |
| Recurring financial income | 75 | €66,384 | €62,927 | -€3,457 | -5.2% |
| Financial charges | 65/66B | €11,050 | €9,961 | -€1,089 | -9.9% |
| Recurring financial charges | 65 | €11,050 | €9,961 | -€1,089 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €47,039 | €42,382 | -€4,657 | -9.9% |
| Income taxes | 67/77 | €11,665 | €11,705 | +€39 | +0.3% |
| Profit (loss) for the period | 9904 | €35,373 | €30,678 | -€4,696 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,373 | €30,678 | -€4,696 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.