IMEG: 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.
IMEG
Largest movements
- Receivables within one year +€640,655
new in 2025: €640,655
- Stocks and contracts -€218,756
down €218,756 (-38.6%), from €566,838 to €348,083
- Reserves +€269,712
new in 2025: €269,712
- Tax, wage and social debts +€89,904
new in 2025: €89,904
- Other debts +€60,000
up €60,000 (+92.3%), from €65,000 to €125,000
- Gross operating margin +€369,330
up €369,330, from -€9,424 to €359,907
- Taxes +€89,904
new in 2025: €89,904
- Financial income +€10,167
new in 2025: €10,167
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 | €566,838 | €994,803 | +€427,965 | +75.5% |
| Current assets | 29/58 | €566,838 | €994,803 | +€427,965 | +75.5% |
| Stocks and contracts in progress | 3 | €566,838 | €348,083 | -€218,756 | -38.6% |
| Stocks | 30/36 | €566,838 | €348,083 | -€218,756 | -38.6% |
| Amounts receivable within one year | 40/41 | - | €640,655 | +€640,655 | |
| Other amounts receivable | 41 | - | €640,655 | +€640,655 | |
| Cash at bank and in hand | 54/58 | - | €6,065 | +€6,065 | |
| Total equity and liabilities | 10/49 | €566,838 | €994,803 | +€427,965 | +75.5% |
| Equity | 10/15 | €500,174 | €779,712 | +€279,537 | +55.9% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | - | €269,712 | +€269,712 | |
| Distributable reserves | 133 | - | €269,712 | +€269,712 | |
| Profit (loss) carried forward | 14 | -€9,826 | €0 | +€9,826 | |
| Amounts payable | 17/49 | €66,664 | €215,091 | +€148,427 | +222.6% |
| Amounts payable within one year | 42/48 | €66,664 | €215,091 | +€148,427 | +222.6% |
| Financial debts | 43 | €8 | €0 | -€8 | -97.7% |
| Credit institutions | 430/8 | €8 | €0 | -€8 | -97.7% |
| Trade debts | 44 | €1,656 | €187 | -€1,469 | -88.7% |
| Suppliers | 440/4 | €1,656 | €187 | -€1,469 | -88.7% |
| Taxes, remuneration and social security | 45 | - | €89,904 | +€89,904 | |
| Taxes | 450/3 | - | €89,904 | +€89,904 | |
| Other amounts payable | 47/48 | €65,000 | €125,000 | +€60,000 | +92.3% |
| Other operating charges | 640/8 | €387 | €528 | +€140 | +36.2% |
| Gross operating margin | 9900 | -€9,424 | €359,907 | +€369,330 | |
| Operating profit (loss) | 9901 | -€9,811 | €359,379 | +€369,190 | |
| Financial income | 75/76B | - | €10,167 | +€10,167 | |
| Recurring financial income | 75 | - | €10,167 | +€10,167 | |
| Financial charges | 65/66B | €15 | €104 | +€90 | +609.0% |
| Recurring financial charges | 65 | €15 | €104 | +€90 | +609.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,826 | €369,441 | +€379,267 | |
| Income taxes | 67/77 | - | €89,904 | +€89,904 | |
| Profit (loss) for the period | 9904 | -€9,826 | €279,537 | +€289,363 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,826 | €279,537 | +€289,363 |
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 5 October 2026 via checked.be.