IMF AUTOMOBILES: 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.
What changed
IMF AUTOMOBILES
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€81,734
2024 · €222,059-€140,325
Equity
€3.1m
2024 · €3.0m+€81,734
Cash
€32,542
2024 · €60,516-€27,974
Balance sheet total
€4.8m
2024 · €4.6m+€187,325
Largest movements
Assets
- Stocks and contracts +€340,846
up €340,846 (+14.4%), from €2.4m to €2.7m
- Receivables within one year -€114,671
down €114,671 (-6.4%), from €1.8m to €1.7m
of which Trade receivables: -€99,977
- Tangible fixed assets -€48,922
down €48,922 (-15.6%), from €314,314 to €265,392
of which Land and buildings: -€33,124
Equity and liabilities
- Short-term financial debts +€300,000
up €300,000 (+100%), from €300,000 to €600,000
- Advances received -€105,209
down €105,209 (-98.1%), from €107,262 to €2,053
- Trade debts -€88,701
down €88,701 (-12.6%), from €703,446 to €614,745
- Profit (loss) carried forward +€81,734
up €81,734 (+2.7%), from €3.0m to €3.1m
Income statement
- Staff costs +€68,077
up €68,077 (+13.0%), from €524,383 to €592,460
- Gross operating margin -€59,020
down €59,020 (-5.9%), from €994,078 to €935,058
- Other operating charges +€52,984
up €52,984 (+265%), from €19,958 to €72,942
- Taxes -€47,083
down €47,083 (-60.7%), from €77,597 to €30,514
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.
Result 2024
€222,059
Gross operating margin
-€59,020
Staff costs
-€68,077
Depreciation
-€1,222
Write-downs
-€1,055
Other operating charges
-€52,984
Financial income
-€6,220
Financial charges
+€1,171
Taxes
+€47,083
Result 2025
€81,734
raises the resultlowers the result
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.
From operations
-€287,131
Investment
-€5,050
Financing
+€264,206
Cash 2024
€60,516
From operations (derived)
-€287,131
Net result for the year
+€81,734
Depreciation
+€53,972
Stocks and contracts
-€340,846
Receivables within one year
+€114,671
Deferred charges and accrued income
-€38,047
Trade debts
-€88,701
Tax, wage and social debts
-€4,805
Advances received
-€105,209
Other debts
+€40,100
Investment (derived)
-€5,050
Investment in fixed assets (net)
-€5,050
Financing
+€264,206
Debts after one year
-€27,842
Current portion of long-term debt
-€7,953
Short-term financial debts
+€300,000
Cash 2025
€32,542
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,600,504 | €4,787,829 | +€187,325 | +4.1% |
| Fixed assets | 21/28 | €319,559 | €270,637 | -€48,922 | -15.3% |
| Tangible fixed assets | 22/27 | €314,314 | €265,392 | -€48,922 | -15.6% |
| Land and buildings | 22 | €249,169 | €216,044 | -€33,124 | -13.3% |
| Plant, machinery and equipment | 23 | €2,879 | €3,558 | +€680 | +23.6% |
| Furniture and vehicles | 24 | €46,564 | €35,333 | -€11,231 | -24.1% |
| Other tangible fixed assets | 26 | €15,703 | €10,456 | -€5,247 | -33.4% |
| Financial fixed assets | 28 | €5,245 | €5,245 | = | 0.0% |
| Current assets | 29/58 | €4,280,945 | €4,517,192 | +€236,247 | +5.5% |
| Stocks and contracts in progress | 3 | €2,367,256 | €2,708,102 | +€340,846 | +14.4% |
| Stocks | 30/36 | €2,367,256 | €2,708,102 | +€340,846 | +14.4% |
| Amounts receivable within one year | 40/41 | €1,800,036 | €1,685,365 | -€114,671 | -6.4% |
| Trade receivables | 40 | €510,299 | €410,322 | -€99,977 | -19.6% |
| Other amounts receivable | 41 | €1,289,737 | €1,275,043 | -€14,694 | -1.1% |
| Cash at bank and in hand | 54/58 | €60,516 | €32,542 | -€27,974 | -46.2% |
| Deferred charges and accrued income | 490/1 | €53,137 | €91,183 | +€38,047 | +71.6% |
| Total equity and liabilities | 10/49 | €4,600,504 | €4,787,829 | +€187,325 | +4.1% |
| Equity | 10/15 | €3,034,687 | €3,116,421 | +€81,734 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,014,227 | €3,095,961 | +€81,734 | +2.7% |
| Amounts payable | 17/49 | €1,565,818 | €1,671,408 | +€105,591 | +6.7% |
| Amounts payable after more than one year | 17 | €218,092 | €190,251 | -€27,842 | -12.8% |
| Financial debts | 170/4 | €218,092 | €190,251 | -€27,842 | -12.8% |
| Amounts payable within one year | 42/48 | €1,347,725 | €1,481,158 | +€133,432 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €35,794 | €27,842 | -€7,953 | -22.2% |
| Financial debts | 43 | €300,000 | €600,000 | +€300,000 | +100% |
| Credit institutions | 430/8 | €300,000 | €600,000 | +€300,000 | +100% |
| Trade debts | 44 | €703,446 | €614,745 | -€88,701 | -12.6% |
| Suppliers | 440/4 | €703,446 | €614,745 | -€88,701 | -12.6% |
| Advances received on contracts in progress | 46 | €107,262 | €2,053 | -€105,209 | -98.1% |
| Taxes, remuneration and social security | 45 | €100,482 | €95,677 | -€4,805 | -4.8% |
| Taxes | 450/3 | €32,665 | €31,399 | -€1,266 | -3.9% |
| Remuneration and social security | 454/9 | €67,816 | €64,278 | -€3,539 | -5.2% |
| Other amounts payable | 47/48 | €100,741 | €140,841 | +€40,100 | +39.8% |
| Remuneration, social security and pensions | 62 | €524,383 | €592,460 | +€68,077 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,750 | €53,972 | +€1,222 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,055 | - | +€1,055 | |
| Other operating charges | 640/8 | €19,958 | €72,942 | +€52,984 | +265% |
| Gross operating margin | 9900 | €994,078 | €935,058 | -€59,020 | -5.9% |
| Operating profit (loss) | 9901 | €398,042 | €215,684 | -€182,358 | -45.8% |
| Financial income | 75/76B | €13,728 | €7,507 | -€6,220 | -45.3% |
| Recurring financial income | 75 | €13,728 | €7,507 | -€6,220 | -45.3% |
| Financial charges | 65/66B | €112,113 | €110,942 | -€1,171 | -1.0% |
| Recurring financial charges | 65 | €112,113 | €110,942 | -€1,171 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €299,656 | €112,249 | -€187,408 | -62.5% |
| Income taxes | 67/77 | €77,597 | €30,514 | -€47,083 | -60.7% |
| Profit (loss) for the period | 9904 | €222,059 | €81,734 | -€140,325 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €222,059 | €81,734 | -€140,325 | -63.2% |
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 27 October 2026 via checked.be.