IMESVER: 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.
IMESVER
Largest movements
- Receivables within one year -€5,972
down €5,972 (-40.2%), from €14,864 to €8,893
of which Trade receivables: -€10,049
- Deferred charges and accrued income +€497
new in 2025: €497
- Profit (loss) carried forward +€8,981
up €8,981 (+32.2%), from -€27,921 to -€18,940
- Short-term financial debts -€8,527
no longer reported in 2025 (was €8,527)
- Trade debts -€7,299
down €7,299 (-94.7%), from €7,709 to €410
- Tax, wage and social debts +€1,533
up €1,533 (+327.4%), from €468 to €2,001
of which Remuneration and social security: +€1,000
- Gross operating margin +€1,385
up €1,385 (+19.7%), from €7,039 to €8,424
- Depreciation +€892
up €892 (+298.3%), from €299 to €1,190
- Financial charges -€244
down €244 (-20.6%), from €1,184 to €941
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,454 | €12,141 | -€5,312 | -30.4% |
| Fixed assets | 21/28 | €2,589 | €2,690 | +€101 | +3.9% |
| Tangible fixed assets | 22/27 | €2,428 | €2,529 | +€101 | +4.1% |
| Furniture and vehicles | 24 | €2,428 | €2,529 | +€101 | +4.1% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €14,864 | €9,451 | -€5,413 | -36.4% |
| Amounts receivable within one year | 40/41 | €14,864 | €8,893 | -€5,972 | -40.2% |
| Trade receivables | 40 | €10,595 | €547 | -€10,049 | -94.8% |
| Other amounts receivable | 41 | €4,269 | €8,346 | +€4,077 | +95.5% |
| Current investments | 50/53 | - | €62 | +€62 | |
| Deferred charges and accrued income | 490/1 | - | €497 | +€497 | |
| Total equity and liabilities | 10/49 | €17,454 | €12,141 | -€5,312 | -30.4% |
| Equity | 10/15 | €749 | €9,730 | +€8,981 | +1198.9% |
| Contributions | 10/11 | €26,574 | €26,574 | = | 0.0% |
| Reserves | 13 | €2,097 | €2,097 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,097 | €2,097 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,097 | €2,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,921 | -€18,940 | +€8,981 | +32.2% |
| Amounts payable | 17/49 | €16,705 | €2,411 | -€14,293 | -85.6% |
| Amounts payable within one year | 42/48 | €16,705 | €2,411 | -€14,293 | -85.6% |
| Financial debts | 43 | €8,527 | - | -€8,527 | |
| Credit institutions | 430/8 | €8,527 | - | -€8,527 | |
| Trade debts | 44 | €7,709 | €410 | -€7,299 | -94.7% |
| Suppliers | 440/4 | €7,709 | €410 | -€7,299 | -94.7% |
| Taxes, remuneration and social security | 45 | €468 | €2,001 | +€1,533 | +327.4% |
| Taxes | 450/3 | €468 | €1,001 | +€533 | +113.9% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €1,190 | +€892 | +298.3% |
| Non-recurring operating charges | 66A | €956 | €3,536 | +€2,579 | +269.7% |
| Gross operating margin | 9900 | €7,039 | €8,424 | +€1,385 | +19.7% |
| Operating profit (loss) | 9901 | €5,784 | €3,698 | -€2,086 | -36.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,184 | €941 | -€244 | -20.6% |
| Recurring financial charges | 65 | €1,184 | €941 | -€244 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €4,600 | €2,757 | -€1,843 | -40.1% |
| Profit (loss) for the period | 9904 | €4,600 | €2,757 | -€1,843 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,600 | €2,757 | -€1,843 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.