IMEDI A SEC: 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.
IMEDI A SEC
Largest movements
- Tangible fixed assets -€20,415
down €20,415 (-12.7%), from €160,988 to €140,574
of which Other tangible fixed assets: -€16,221
- Intangible fixed assets -€14,021
down €14,021 (-13.3%), from €105,752 to €91,731
- Cash -€13,182
down €13,182 (-36.8%), from €35,836 to €22,654
mainly Debts after one year (-€18,497) and Other debts (-€18,000)
- Debts after one year -€18,497
down €18,497 (-24.9%), from €74,394 to €55,897
- Other debts -€18,000
down €18,000 (-13.4%), from €133,842 to €115,842
- Profit (loss) carried forward -€12,160
down €12,160, from €1,294 to -€10,866
- Tax, wage and social debts -€3,256
down €3,256 (-19.7%), from €16,516 to €13,260
of which Taxes: -€3,287
- Gross operating margin -€26,021
down €26,021 (-15.1%), from €172,878 to €146,857
- Staff costs +€2,399
up €2,399 (+2.0%), from €117,925 to €120,324
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 | €320,649 | €269,387 | -€51,262 | -16.0% |
| Fixed assets | 21/28 | €267,095 | €232,340 | -€34,755 | -13.0% |
| Intangible fixed assets | 21 | €105,752 | €91,731 | -€14,021 | -13.3% |
| Tangible fixed assets | 22/27 | €160,988 | €140,574 | -€20,415 | -12.7% |
| Plant, machinery and equipment | 23 | €17,151 | €13,386 | -€3,765 | -22.0% |
| Furniture and vehicles | 24 | €429 | - | -€429 | |
| Other tangible fixed assets | 26 | €143,408 | €127,187 | -€16,221 | -11.3% |
| Financial fixed assets | 28 | €355 | €35 | -€320 | -90.2% |
| Current assets | 29/58 | €53,553 | €37,047 | -€16,506 | -30.8% |
| Stocks and contracts in progress | 3 | €2,255 | €3,040 | +€786 | +34.9% |
| Stocks | 30/36 | €2,255 | €3,040 | +€786 | +34.9% |
| Amounts receivable within one year | 40/41 | €14,164 | €11,353 | -€2,811 | -19.8% |
| Trade receivables | 40 | €14,164 | €11,353 | -€2,811 | -19.8% |
| Cash at bank and in hand | 54/58 | €35,836 | €22,654 | -€13,182 | -36.8% |
| Deferred charges and accrued income | 490/1 | €1,299 | - | -€1,299 | |
| Total equity and liabilities | 10/49 | €320,649 | €269,387 | -€51,262 | -16.0% |
| Equity | 10/15 | €69,494 | €57,334 | -€12,160 | -17.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,294 | -€10,866 | -€12,160 | |
| Amounts payable | 17/49 | €251,155 | €212,053 | -€39,102 | -15.6% |
| Amounts payable after more than one year | 17 | €74,394 | €55,897 | -€18,497 | -24.9% |
| Financial debts | 170/4 | €74,394 | €55,897 | -€18,497 | -24.9% |
| Amounts payable within one year | 42/48 | €175,158 | €154,515 | -€20,643 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €18,166 | €18,497 | +€331 | +1.8% |
| Trade debts | 44 | €6,633 | €6,916 | +€282 | +4.3% |
| Suppliers | 440/4 | €6,633 | €6,916 | +€282 | +4.3% |
| Taxes, remuneration and social security | 45 | €16,516 | €13,260 | -€3,256 | -19.7% |
| Taxes | 450/3 | €3,888 | €601 | -€3,287 | -84.5% |
| Remuneration and social security | 454/9 | €12,628 | €12,659 | +€31 | +0.2% |
| Other amounts payable | 47/48 | €133,842 | €115,842 | -€18,000 | -13.4% |
| Accrued charges and deferred income | 492/3 | €1,603 | €1,641 | +€38 | +2.4% |
| Non-recurring operating income | 76A | €27 | €165 | +€138 | +511.1% |
| Remuneration, social security and pensions | 62 | €117,925 | €120,324 | +€2,399 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,759 | €34,436 | -€323 | -0.9% |
| Other operating charges | 640/8 | €947 | €486 | -€461 | -48.7% |
| Gross operating margin | 9900 | €172,878 | €146,857 | -€26,021 | -15.1% |
| Operating profit (loss) | 9901 | €19,248 | -€8,389 | -€27,636 | |
| Financial income | 75/76B | €36 | €58 | +€22 | +61.3% |
| Recurring financial income | 75 | €36 | €58 | +€22 | +61.3% |
| Financial charges | 65/66B | €2,367 | €2,840 | +€473 | +20.0% |
| Recurring financial charges | 65 | €2,367 | €2,221 | -€147 | -6.2% |
| Non-recurring financial charges | 66B | - | €620 | +€620 | |
| Profit (loss) for the period before taxes | 9903 | €16,916 | -€11,171 | -€28,087 | |
| Income taxes | 67/77 | €2,561 | €989 | -€1,572 | -61.4% |
| Profit (loss) for the period | 9904 | €14,355 | -€12,160 | -€26,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,355 | -€12,160 | -€26,515 |
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 12 October 2026 via checked.be.