IMEDIATH: 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.
IMEDIATH
Largest movements
- Cash -€123,453
down €123,453 (-76.5%), from €161,360 to €37,907
mainly Net result for the year (-€86,601) and Other debts (-€72,254)
- Tangible fixed assets -€63,761
down €63,761 (-63.1%), from €101,030 to €37,270
of which Furniture and vehicles: -€62,396
- Receivables within one year +€12,394
up €12,394 (+66.3%), from €18,700 to €31,094
- Deferred charges and accrued income -€8,604
down €8,604 (-50.9%), from €16,900 to €8,296
- Profit (loss) carried forward -€86,601
down €86,601 (-247.6%), from -€34,983 to -€121,583
- Other debts -€72,254
down €72,254 (-91.7%), from €78,779 to €6,525
- Current portion of long-term debt -€13,604
down €13,604 (-48.0%), from €28,360 to €14,756
- Debts after one year -€10,966
no longer reported in 2025 (was €10,966)
- Gross operating margin -€78,199
down €78,199, from €652 to -€77,546
- Depreciation -€24,633
down €24,633 (-89.0%), from €27,687 to €3,054
- Financial charges -€777
down €777 (-40.6%), from €1,915 to €1,138
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 | €297,991 | €114,567 | -€183,424 | -61.6% |
| Fixed assets | 21/28 | €101,030 | €37,270 | -€63,761 | -63.1% |
| Tangible fixed assets | 22/27 | €101,030 | €37,270 | -€63,761 | -63.1% |
| Land and buildings | 22 | €35,944 | €34,579 | -€1,365 | -3.8% |
| Furniture and vehicles | 24 | €65,086 | €2,691 | -€62,396 | -95.9% |
| Current assets | 29/58 | €196,960 | €77,297 | -€119,663 | -60.8% |
| Amounts receivable within one year | 40/41 | €18,700 | €31,094 | +€12,394 | +66.3% |
| Other amounts receivable | 41 | €18,700 | €31,094 | +€12,394 | +66.3% |
| Cash at bank and in hand | 54/58 | €161,360 | €37,907 | -€123,453 | -76.5% |
| Deferred charges and accrued income | 490/1 | €16,900 | €8,296 | -€8,604 | -50.9% |
| Total equity and liabilities | 10/49 | €297,991 | €114,567 | -€183,424 | -61.6% |
| Equity | 10/15 | €177,786 | €91,185 | -€86,601 | -48.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €200,368 | €200,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €197,888 | €197,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,983 | -€121,583 | -€86,601 | -247.6% |
| Amounts payable | 17/49 | €120,205 | €23,382 | -€96,823 | -80.5% |
| Amounts payable after more than one year | 17 | €10,966 | - | -€10,966 | |
| Financial debts | 170/4 | €10,966 | - | -€10,966 | |
| Amounts payable within one year | 42/48 | €109,239 | €23,382 | -€85,857 | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €28,360 | €14,756 | -€13,604 | -48.0% |
| Taxes, remuneration and social security | 45 | €2,100 | €2,100 | = | 0.0% |
| Taxes | 450/3 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €78,779 | €6,525 | -€72,254 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,687 | €3,054 | -€24,633 | -89.0% |
| Other operating charges | 640/8 | €4,737 | €4,007 | -€730 | -15.4% |
| Gross operating margin | 9900 | €652 | -€77,546 | -€78,199 | |
| Operating profit (loss) | 9901 | -€31,771 | -€84,607 | -€52,836 | -166.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,915 | €1,138 | -€777 | -40.6% |
| Recurring financial charges | 65 | €1,915 | €1,138 | -€777 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,684 | -€85,745 | -€52,060 | -154.6% |
| Income taxes | 67/77 | €1,298 | €856 | -€442 | -34.1% |
| Profit (loss) for the period | 9904 | -€34,983 | -€86,601 | -€51,618 | -147.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,983 | -€86,601 | -€51,618 | -147.6% |
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 3 October 2026 via checked.be.