IMEST: 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.
IMEST
Largest movements
- Stocks and contracts +€84,375
new in 2025: €84,375
- Cash +€8,418
up €8,418 (+89.6%), from €9,398 to €17,816
mainly Other debts (+€71,708) and Net result for the year (+€15,354)
- Receivables within one year +€2,930
up €2,930 (+1172.4%), from €250 to €3,180
of which Trade receivables: +€2,880
- Other debts +€71,708
up €71,708 (+3451.7%), from €2,077 to €73,786
- Reserves +€13,600
up €13,600 (+298.9%), from €4,550 to €18,150
of which Distributable reserves: +€13,600
- Tax, wage and social debts +€6,530
up €6,530 (+1518.6%), from €430 to €6,960
- Trade debts +€3,796
new in 2025: €3,796
- Gross operating margin +€17,179
up €17,179 (+245.9%), from €6,987 to €24,166
- Taxes +€6,530
up €6,530 (+1518.6%), from €430 to €6,960
- Other operating charges +€1,696
up €1,696 (+1604.1%), from €106 to €1,802
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 | €9,648 | €105,370 | +€95,722 | +992.2% |
| Current assets | 29/58 | €9,648 | €105,370 | +€95,722 | +992.2% |
| Stocks and contracts in progress | 3 | - | €84,375 | +€84,375 | |
| Stocks | 30/36 | - | €84,375 | +€84,375 | |
| Amounts receivable within one year | 40/41 | €250 | €3,180 | +€2,930 | +1172.4% |
| Trade receivables | 40 | - | €2,880 | +€2,880 | |
| Other amounts receivable | 41 | €250 | €300 | +€50 | +19.9% |
| Cash at bank and in hand | 54/58 | €9,398 | €17,816 | +€8,418 | +89.6% |
| Total equity and liabilities | 10/49 | €9,648 | €105,370 | +€95,722 | +992.2% |
| Equity | 10/15 | €7,140 | €20,828 | +€13,688 | +191.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,550 | €18,150 | +€13,600 | +298.9% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €4,300 | €17,900 | +€13,600 | +316.3% |
| Profit (loss) carried forward | 14 | €90 | €178 | +€88 | +97.4% |
| Amounts payable | 17/49 | €2,507 | €84,542 | +€82,035 | +3271.6% |
| Amounts payable within one year | 42/48 | €2,507 | €84,542 | +€82,035 | +3271.6% |
| Trade debts | 44 | - | €3,796 | +€3,796 | |
| Suppliers | 440/4 | - | €3,796 | +€3,796 | |
| Taxes, remuneration and social security | 45 | €430 | €6,960 | +€6,530 | +1518.6% |
| Taxes | 450/3 | €430 | €6,960 | +€6,530 | +1518.6% |
| Other amounts payable | 47/48 | €2,077 | €73,786 | +€71,708 | +3451.7% |
| Other operating charges | 640/8 | €106 | €1,802 | +€1,696 | +1604.1% |
| Gross operating margin | 9900 | €6,987 | €24,166 | +€17,179 | +245.9% |
| Operating profit (loss) | 9901 | €6,881 | €22,364 | +€15,483 | +225.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €48 | €50 | +€2 | +3.2% |
| Recurring financial charges | 65 | €48 | €50 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €6,833 | €22,314 | +€15,481 | +226.6% |
| Income taxes | 67/77 | €430 | €6,960 | +€6,530 | +1518.6% |
| Profit (loss) for the period | 9904 | €6,403 | €15,354 | +€8,951 | +139.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,403 | €15,354 | +€8,951 | +139.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.