IMELS: what changed
IMELS
Largest movements
- Receivables within one year -€38,558
down €38,558 (-48.7%), from €79,242 to €40,683
of which Trade receivables: -€33,894
- Deferred charges and accrued income +€19,437
up €19,437 (+526%), from €3,697 to €23,135
- Cash -€3,648
down €3,648 (-18.2%), from €20,023 to €16,376
mainly Tax, wage and social debts (-€21,065) and Deferred charges and accrued income (-€19,437)
- Tangible fixed assets -€1,240
down €1,240 (-18.3%), from €6,762 to €5,521
of which Land and buildings: -€717
- Tax, wage and social debts -€21,065
down €21,065 (-87.4%), from €24,111 to €3,046
of which Remuneration and social security: -€14,419
- Trade debts -€13,919
down €13,919 (-58.5%), from €23,780 to €9,861
- Other debts +€8,422
up €8,422 (+26.0%), from €32,406 to €40,827
- Profit (loss) carried forward +€2,553
up €2,553 (+18.2%), from €14,042 to €16,595
- Gross operating margin -€6,284
down €6,284 (-32.0%), from €19,626 to €13,342
- Staff costs -€4,732
down €4,732 (-40.0%), from €11,840 to €7,108
- Taxes -€1,530
down €1,530 (-81.7%), from €1,872 to €342
- Other operating charges +€253
up €253 (+15.2%), from €1,666 to €1,919
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,724 | €85,715 | -€24,009 | -21.9% |
| Fixed assets | 21/28 | €6,762 | €5,521 | -€1,240 | -18.3% |
| Tangible fixed assets | 22/27 | €6,762 | €5,521 | -€1,240 | -18.3% |
| Land and buildings | 22 | €5,019 | €4,302 | -€717 | -14.3% |
| Furniture and vehicles | 24 | €1,743 | €1,220 | -€523 | -30.0% |
| Current assets | 29/58 | €102,963 | €80,194 | -€22,769 | -22.1% |
| Amounts receivable within one year | 40/41 | €79,242 | €40,683 | -€38,558 | -48.7% |
| Trade receivables | 40 | €71,913 | €38,018 | -€33,894 | -47.1% |
| Other amounts receivable | 41 | €7,329 | €2,665 | -€4,664 | -63.6% |
| Cash at bank and in hand | 54/58 | €20,023 | €16,376 | -€3,648 | -18.2% |
| Deferred charges and accrued income | 490/1 | €3,697 | €23,135 | +€19,437 | +526% |
| Total equity and liabilities | 10/49 | €109,724 | €85,715 | -€24,009 | -21.9% |
| Equity | 10/15 | €26,690 | €29,244 | +€2,553 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,448 | €6,448 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,588 | €4,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,042 | €16,595 | +€2,553 | +18.2% |
| Amounts payable | 17/49 | €83,034 | €56,472 | -€26,562 | -32.0% |
| Amounts payable within one year | 42/48 | €83,034 | €56,472 | -€26,562 | -32.0% |
| Trade debts | 44 | €23,780 | €9,861 | -€13,919 | -58.5% |
| Suppliers | 440/4 | €23,780 | €9,861 | -€13,919 | -58.5% |
| Advances received on contracts in progress | 46 | €2,737 | €2,737 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,111 | €3,046 | -€21,065 | -87.4% |
| Taxes | 450/3 | €8,952 | €2,306 | -€6,646 | -74.2% |
| Remuneration and social security | 454/9 | €15,159 | €740 | -€14,419 | -95.1% |
| Other amounts payable | 47/48 | €32,406 | €40,827 | +€8,422 | +26.0% |
| Non-recurring operating income | 76A | - | €5,991 | +€5,991 | |
| Remuneration, social security and pensions | 62 | €11,840 | €7,108 | -€4,732 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €1,240 | = | 0.0% |
| Other operating charges | 640/8 | €1,666 | €1,919 | +€253 | +15.2% |
| Gross operating margin | 9900 | €19,626 | €13,342 | -€6,284 | -32.0% |
| Operating profit (loss) | 9901 | €4,880 | €3,075 | -€1,805 | -37.0% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €142 | €180 | +€38 | +26.7% |
| Recurring financial charges | 65 | €142 | €180 | +€38 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €4,762 | €2,895 | -€1,867 | -39.2% |
| Income taxes | 67/77 | €1,872 | €342 | -€1,530 | -81.7% |
| Profit (loss) for the period | 9904 | €2,890 | €2,553 | -€336 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,890 | €2,553 | -€336 | -11.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.