IMEX4: 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.
IMEX4
Largest movements
- Tangible fixed assets -€1,116
down €1,116 (-4.8%), from €23,018 to €21,902
of which Land and buildings: -€865
- Receivables within one year -€744
down €744 (-32.4%), from €2,292 to €1,548
of which Trade receivables: -€421
- Profit (loss) carried forward -€2,118
down €2,118 (-12.0%), from €17,611 to €15,493
- Tax, wage and social debts +€524
new in 2025: €524
- Gross operating margin -€559
down €559 (-51.9%), from €1,078 to €519
- Other operating charges +€145
up €145 (+15.7%), from €927 to €1,072
- Financial charges +€144
up €144 (+188%), from €77 to €221
- Financial income +€73
up €73 (+379%), from €19 to €93
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 | €43,879 | €42,025 | -€1,853 | -4.2% |
| Fixed assets | 21/28 | €23,976 | €22,540 | -€1,436 | -6.0% |
| Intangible fixed assets | 21 | €958 | €638 | -€320 | -33.4% |
| Tangible fixed assets | 22/27 | €23,018 | €21,902 | -€1,116 | -4.8% |
| Land and buildings | 22 | €22,123 | €21,258 | -€865 | -3.9% |
| Plant, machinery and equipment | 23 | €895 | €644 | -€251 | -28.1% |
| Current assets | 29/58 | €19,903 | €19,485 | -€417 | -2.1% |
| Stocks and contracts in progress | 3 | €692 | €692 | = | 0.0% |
| Stocks | 30/36 | €692 | €692 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,292 | €1,548 | -€744 | -32.4% |
| Trade receivables | 40 | €1,936 | €1,516 | -€421 | -21.7% |
| Other amounts receivable | 41 | €356 | €33 | -€323 | -90.8% |
| Cash at bank and in hand | 54/58 | €16,219 | €16,519 | +€300 | +1.9% |
| Deferred charges and accrued income | 490/1 | €699 | €726 | +€26 | +3.8% |
| Total equity and liabilities | 10/49 | €43,879 | €42,025 | -€1,853 | -4.2% |
| Equity | 10/15 | €41,067 | €38,949 | -€2,118 | -5.2% |
| Contributions | 10/11 | €6,696 | €6,696 | = | 0.0% |
| Reserves | 13 | €16,760 | €16,760 | = | 0.0% |
| Distributable reserves | 133 | €16,760 | €16,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,611 | €15,493 | -€2,118 | -12.0% |
| Amounts payable | 17/49 | €2,812 | €3,076 | +€264 | +9.4% |
| Amounts payable within one year | 42/48 | €2,812 | €3,076 | +€264 | +9.4% |
| Trade debts | 44 | €1,028 | €1,154 | +€125 | +12.2% |
| Suppliers | 440/4 | €1,028 | €1,154 | +€125 | +12.2% |
| Taxes, remuneration and social security | 45 | - | €524 | +€524 | |
| Taxes | 450/3 | - | €524 | +€524 | |
| Other amounts payable | 47/48 | €1,783 | €1,399 | -€385 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,436 | €1,436 | = | 0.0% |
| Other operating charges | 640/8 | €927 | €1,072 | +€145 | +15.7% |
| Gross operating margin | 9900 | €1,078 | €519 | -€559 | -51.9% |
| Operating profit (loss) | 9901 | -€1,285 | -€1,990 | -€704 | -54.8% |
| Financial income | 75/76B | €19 | €93 | +€73 | +379% |
| Recurring financial income | 75 | €19 | €93 | +€73 | +379% |
| Financial charges | 65/66B | €77 | €221 | +€144 | +188% |
| Recurring financial charges | 65 | €77 | €221 | +€144 | +188% |
| Profit (loss) for the period before taxes | 9903 | -€1,343 | -€2,118 | -€775 | -57.7% |
| Profit (loss) for the period | 9904 | -€1,343 | -€2,118 | -€775 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,343 | -€2,118 | -€775 | -57.7% |
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.