IMFIRO: 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.
IMFIRO
Largest movements
- Cash -€93,890
down €93,890 (-82.9%), from €113,218 to €19,328
mainly Receivables within one year (-€52,345) and Other debts (-€46,906)
- Receivables within one year +€52,345
up €52,345 (+11.6%), from €451,286 to €503,631
of which Trade receivables: +€304,446
- Tangible fixed assets -€27,710
down €27,710 (-35.6%), from €77,809 to €50,099
of which Furniture and vehicles: -€25,815
- Other debts -€46,906
down €46,906 (-12.5%), from €374,414 to €327,508
- Debts after one year -€26,367
down €26,367 (-56.6%), from €46,561 to €20,194
- Tax, wage and social debts +€6,545
up €6,545 (+23.2%), from €28,243 to €34,787
of which Taxes: +€5,187
- Gross operating margin +€37,433
up €37,433 (+18.4%), from €202,927 to €240,360
- Staff costs +€15,659
up €15,659 (+8.8%), from €177,577 to €193,236
- Financial charges +€4,993
up €4,993 (+68.4%), from €7,300 to €12,292
- Financial income -€3,705
down €3,705 (-23.4%), from €15,822 to €12,117
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 | €649,313 | €580,813 | -€68,500 | -10.5% |
| Fixed assets | 21/28 | €77,809 | €50,099 | -€27,710 | -35.6% |
| Tangible fixed assets | 22/27 | €77,809 | €50,099 | -€27,710 | -35.6% |
| Plant, machinery and equipment | 23 | €5,259 | €3,364 | -€1,895 | -36.0% |
| Furniture and vehicles | 24 | €72,550 | €46,735 | -€25,815 | -35.6% |
| Current assets | 29/58 | €571,504 | €530,714 | -€40,790 | -7.1% |
| Amounts receivable within one year | 40/41 | €451,286 | €503,631 | +€52,345 | +11.6% |
| Trade receivables | 40 | €39,927 | €344,374 | +€304,446 | +762.5% |
| Other amounts receivable | 41 | €411,359 | €159,258 | -€252,101 | -61.3% |
| Current investments | 50/53 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,218 | €19,328 | -€93,890 | -82.9% |
| Deferred charges and accrued income | 490/1 | €0 | €755 | +€755 | |
| Total equity and liabilities | 10/49 | €649,313 | €580,813 | -€68,500 | -10.5% |
| Equity | 10/15 | €105,779 | €105,844 | +€65 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €18,750 | -€1,860 | -9.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €78,969 | €80,894 | +€1,925 | +2.4% |
| Amounts payable | 17/49 | €543,534 | €474,969 | -€68,564 | -12.6% |
| Amounts payable after more than one year | 17 | €46,561 | €20,194 | -€26,367 | -56.6% |
| Financial debts | 170/4 | €46,561 | €20,194 | -€26,367 | -56.6% |
| Amounts payable within one year | 42/48 | €494,921 | €452,676 | -€42,244 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €25,742 | €26,367 | +€625 | +2.4% |
| Trade debts | 44 | €66,522 | €64,015 | -€2,508 | -3.8% |
| Suppliers | 440/4 | €66,522 | €64,015 | -€2,508 | -3.8% |
| Taxes, remuneration and social security | 45 | €28,243 | €34,787 | +€6,545 | +23.2% |
| Taxes | 450/3 | €2,279 | €7,466 | +€5,187 | +227.6% |
| Remuneration and social security | 454/9 | €25,964 | €27,322 | +€1,358 | +5.2% |
| Other amounts payable | 47/48 | €374,414 | €327,508 | -€46,906 | -12.5% |
| Accrued charges and deferred income | 492/3 | €2,052 | €2,099 | +€47 | +2.3% |
| Remuneration, social security and pensions | 62 | €177,577 | €193,236 | +€15,659 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,463 | €27,710 | +€247 | +0.9% |
| Other operating charges | 640/8 | €1,245 | €1,795 | +€550 | +44.1% |
| Gross operating margin | 9900 | €202,927 | €240,360 | +€37,433 | +18.4% |
| Operating profit (loss) | 9901 | -€3,359 | €17,619 | +€20,978 | |
| Financial income | 75/76B | €15,822 | €12,117 | -€3,705 | -23.4% |
| Recurring financial income | 75 | €15,822 | €12,117 | -€3,705 | -23.4% |
| Financial charges | 65/66B | €7,300 | €12,292 | +€4,993 | +68.4% |
| Recurring financial charges | 65 | €7,300 | €12,292 | +€4,993 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €5,164 | €17,444 | +€12,280 | +237.8% |
| Income taxes | 67/77 | €7,256 | €7,379 | +€123 | +1.7% |
| Profit (loss) for the period | 9904 | -€2,092 | €10,065 | +€12,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,092 | €10,065 | +€12,156 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.