IMESTRA: 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.
IMESTRA
Largest movements
- Cash -€89,994
down €89,994 (-25.1%), from €357,977 to €267,983
mainly Contributions, distributions and other (-€400,000) and Other debts (-€207,088)
- Other debts -€207,088
down €207,088 (-99.4%), from €208,328 to €1,240
- Profit (loss) carried forward +€165,564
up €165,564 (+38.5%), from €430,482 to €596,046
- Debts after one year -€48,406
down €48,406 (-10.9%), from €442,611 to €394,204
- Financial income -€550,000
down €550,000 (-57.9%), from €950,000 to €400,000
- Taxes -€53,501
down €53,501 (-52.3%), from €102,283 to €48,781
- Gross operating margin +€20,216
up €20,216 (+9.7%), from €209,479 to €229,695
- Financial charges -€8,873
down €8,873 (-38.5%), from €23,072 to €14,200
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 | €2,613,785 | €2,530,791 | -€82,994 | -3.2% |
| Fixed assets | 21/28 | €2,063,308 | €2,063,308 | = | 0.0% |
| Tangible fixed assets | 22/27 | €13,283 | €13,283 | = | 0.0% |
| Other tangible fixed assets | 26 | €13,283 | €13,283 | = | 0.0% |
| Financial fixed assets | 28 | €2,050,025 | €2,050,025 | = | 0.0% |
| Current assets | 29/58 | €550,477 | €467,483 | -€82,994 | -15.1% |
| Amounts receivable within one year | 40/41 | €192,500 | €199,500 | +€7,000 | +3.6% |
| Trade receivables | 40 | €152,500 | €152,500 | = | 0.0% |
| Other amounts receivable | 41 | €40,000 | €47,000 | +€7,000 | +17.5% |
| Cash at bank and in hand | 54/58 | €357,977 | €267,983 | -€89,994 | -25.1% |
| Total equity and liabilities | 10/49 | €2,613,785 | €2,530,791 | -€82,994 | -3.2% |
| Equity | 10/15 | €1,802,482 | €1,968,046 | +€165,564 | +9.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,352,000 | €1,352,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,350,000 | €1,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €430,482 | €596,046 | +€165,564 | +38.5% |
| Amounts payable | 17/49 | €811,302 | €562,745 | -€248,557 | -30.6% |
| Amounts payable after more than one year | 17 | €442,611 | €394,204 | -€48,406 | -10.9% |
| Financial debts | 170/4 | €442,611 | €394,204 | -€48,406 | -10.9% |
| Amounts payable within one year | 42/48 | €368,692 | €168,541 | -€200,151 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €47,215 | €48,406 | +€1,192 | +2.5% |
| Trade debts | 44 | €1,408 | €241 | -€1,167 | -82.9% |
| Suppliers | 440/4 | €1,408 | €241 | -€1,167 | -82.9% |
| Taxes, remuneration and social security | 45 | €111,740 | €118,653 | +€6,913 | +6.2% |
| Taxes | 450/3 | €111,740 | €118,653 | +€6,913 | +6.2% |
| Other amounts payable | 47/48 | €208,328 | €1,240 | -€207,088 | -99.4% |
| Other operating charges | 640/8 | €734 | €1,150 | +€417 | +56.8% |
| Gross operating margin | 9900 | €209,479 | €229,695 | +€20,216 | +9.7% |
| Operating profit (loss) | 9901 | €208,746 | €228,545 | +€19,799 | +9.5% |
| Financial income | 75/76B | €950,000 | €400,000 | -€550,000 | -57.9% |
| Recurring financial income | 75 | €950,000 | €400,000 | -€550,000 | -57.9% |
| Financial charges | 65/66B | €23,072 | €14,200 | -€8,873 | -38.5% |
| Recurring financial charges | 65 | €23,072 | €14,200 | -€8,873 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €1,135,673 | €614,345 | -€521,328 | -45.9% |
| Income taxes | 67/77 | €102,283 | €48,781 | -€53,501 | -52.3% |
| Profit (loss) for the period | 9904 | €1,033,391 | €565,564 | -€467,827 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,033,391 | €565,564 | -€467,827 | -45.3% |
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 17 October 2026 via checked.be.