IMFINBEL: 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.
IMFINBEL
Largest movements
- Tangible fixed assets -€14,820
down €14,820 (-2.8%), from €530,885 to €516,065
- Cash +€11,467
up €11,467 (+56.4%), from €20,331 to €31,798
mainly Depreciation (+€24,861) and Trade debts (+€10,447)
- Deferred charges and accrued income -€7,425
down €7,425 (-83.0%), from €8,945 to €1,520
- Profit (loss) carried forward -€15,396
down €15,396 (-15.8%), from -€97,476 to -€112,872
- Trade debts +€10,447
up €10,447 (+321.4%), from €3,250 to €13,697
- Accrued charges and deferred income -€7,922
down €7,922 (-97.1%), from €8,156 to €234
- Gross operating margin +€2,894
up €2,894 (+8.5%), from €34,051 to €36,945
- Other operating charges +€955
up €955 (+6.9%), from €13,798 to €14,753
- Depreciation +€489
up €489 (+2.0%), from €24,372 to €24,861
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 | €561,361 | €550,583 | -€10,778 | -1.9% |
| Fixed assets | 21/28 | €532,085 | €517,265 | -€14,820 | -2.8% |
| Tangible fixed assets | 22/27 | €530,885 | €516,065 | -€14,820 | -2.8% |
| Land and buildings | 22 | €530,885 | €516,065 | -€14,820 | -2.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €29,276 | €33,318 | +€4,042 | +13.8% |
| Cash at bank and in hand | 54/58 | €20,331 | €31,798 | +€11,467 | +56.4% |
| Deferred charges and accrued income | 490/1 | €8,945 | €1,520 | -€7,425 | -83.0% |
| Total equity and liabilities | 10/49 | €561,361 | €550,583 | -€10,778 | -1.9% |
| Equity | 10/15 | -€78,876 | -€94,272 | -€15,396 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,476 | -€112,872 | -€15,396 | -15.8% |
| Amounts payable | 17/49 | €640,237 | €644,855 | +€4,618 | +0.7% |
| Amounts payable within one year | 42/48 | €632,081 | €644,621 | +€12,540 | +2.0% |
| Trade debts | 44 | €3,250 | €13,697 | +€10,447 | +321.4% |
| Suppliers | 440/4 | €3,250 | €13,697 | +€10,447 | +321.4% |
| Other amounts payable | 47/48 | €628,831 | €630,924 | +€2,093 | +0.3% |
| Accrued charges and deferred income | 492/3 | €8,156 | €234 | -€7,922 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,372 | €24,861 | +€489 | +2.0% |
| Other operating charges | 640/8 | €13,798 | €14,753 | +€955 | +6.9% |
| Gross operating margin | 9900 | €34,051 | €36,945 | +€2,894 | +8.5% |
| Operating profit (loss) | 9901 | -€4,119 | -€2,669 | +€1,450 | +35.2% |
| Financial charges | 65/66B | €12,647 | €12,727 | +€80 | +0.6% |
| Recurring financial charges | 65 | €12,647 | €12,727 | +€80 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,766 | -€15,396 | +€1,370 | +8.2% |
| Profit (loss) for the period | 9904 | -€16,766 | -€15,396 | +€1,370 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,766 | -€15,396 | +€1,370 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.