IMEP: 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.
IMEP
Largest movements
- Tangible fixed assets -€16,176
down €16,176 (-28.1%), from €57,494 to €41,318
of which Furniture and vehicles: -€9,407
- Cash +€2,073
up €2,073 (+67.7%), from €3,061 to €5,134
mainly Depreciation (+€16,176) and Tax, wage and social debts (+€14)
- Current portion of long-term debt -€7,184
down €7,184 (-51.1%), from €14,058 to €6,874
- Profit (loss) carried forward -€3,361
down €3,361 (-4.5%), from -€73,906 to -€77,266
- Other debts -€2,444
down €2,444 (-2.7%), from €89,704 to €87,261
- Debts after one year -€824
no longer reported in 2025 (was €824)
- Gross operating margin +€5,148
up €5,148 (+52.4%), from €9,819 to €14,967
- Other operating charges -€2,888
down €2,888 (-60.8%), from €4,748 to €1,860
- Financial charges -€249
down €249 (-53.4%), from €466 to €217
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.
Derived cash bridge
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 | €60,815 | €47,017 | -€13,798 | -22.7% |
| Fixed assets | 21/28 | €57,494 | €41,318 | -€16,176 | -28.1% |
| Tangible fixed assets | 22/27 | €57,494 | €41,318 | -€16,176 | -28.1% |
| Land and buildings | 22 | €40,614 | €33,845 | -€6,769 | -16.7% |
| Furniture and vehicles | 24 | €16,880 | €7,474 | -€9,407 | -55.7% |
| Current assets | 29/58 | €3,321 | €5,699 | +€2,377 | +71.6% |
| Cash at bank and in hand | 54/58 | €3,061 | €5,134 | +€2,073 | +67.7% |
| Deferred charges and accrued income | 490/1 | €261 | €565 | +€304 | +117% |
| Total equity and liabilities | 10/49 | €60,815 | €47,017 | -€13,798 | -22.7% |
| Equity | 10/15 | -€43,906 | -€47,266 | -€3,361 | -7.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,906 | -€77,266 | -€3,361 | -4.5% |
| Amounts payable | 17/49 | €104,721 | €94,284 | -€10,437 | -10.0% |
| Amounts payable after more than one year | 17 | €824 | - | -€824 | |
| Financial debts | 170/4 | €824 | - | -€824 | |
| Amounts payable within one year | 42/48 | €103,897 | €94,284 | -€9,613 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €14,058 | €6,874 | -€7,184 | -51.1% |
| Taxes, remuneration and social security | 45 | €135 | €149 | +€14 | +10.5% |
| Taxes | 450/3 | €135 | €149 | +€14 | +10.5% |
| Other amounts payable | 47/48 | €89,704 | €87,261 | -€2,444 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,176 | €16,176 | = | 0.0% |
| Other operating charges | 640/8 | €4,748 | €1,860 | -€2,888 | -60.8% |
| Gross operating margin | 9900 | €9,819 | €14,967 | +€5,148 | +52.4% |
| Operating profit (loss) | 9901 | -€11,105 | -€3,068 | +€8,036 | +72.4% |
| Financial charges | 65/66B | €466 | €217 | -€249 | -53.4% |
| Recurring financial charges | 65 | €466 | €217 | -€249 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,571 | -€3,286 | +€8,285 | +71.6% |
| Income taxes | 67/77 | €74 | €75 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,645 | -€3,361 | +€8,284 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,645 | -€3,361 | +€8,284 | +71.1% |
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 14 October 2026 via checked.be.