IMFURA: 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.
IMFURA
Largest movements
- Cash +€89,804
up €89,804 (+184%), from €48,795 to €138,598
mainly Net result for the year (+€67,204) and Trade debts (+€40,880)
- Receivables within one year +€31,217
up €31,217 (+76.3%), from €40,926 to €72,143
- Tangible fixed assets -€8,931
down €8,931 (-17.6%), from €50,777 to €41,846
of which Leasing and similar rights: -€14,206
- Profit (loss) carried forward +€67,204
up €67,204 (+131%), from €51,459 to €118,662
- Trade debts +€40,880
up €40,880 (+396%), from €10,323 to €51,203
- Debts after one year -€12,125
down €12,125 (-38.1%), from €31,837 to €19,712
- Tax, wage and social debts +€10,458
up €10,458 (+39.4%), from €26,523 to €36,981
of which Taxes: +€6,973
- Other debts +€4,971
up €4,971 (+62.7%), from €7,933 to €12,904
- Gross operating margin +€59,300
up €59,300 (+63.2%), from €93,769 to €153,069
- Staff costs +€41,944
up €41,944 (+920%), from €4,560 to €46,504
- Taxes +€3,891
up €3,891 (+27.4%), from €14,200 to €18,091
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 | €140,557 | €252,587 | +€112,030 | +79.7% |
| Fixed assets | 21/28 | €50,777 | €41,846 | -€8,931 | -17.6% |
| Tangible fixed assets | 22/27 | €50,777 | €41,846 | -€8,931 | -17.6% |
| Plant, machinery and equipment | 23 | €3,425 | €1,889 | -€1,536 | -44.8% |
| Furniture and vehicles | 24 | €6,539 | €13,351 | +€6,811 | +104% |
| Leasing and similar rights | 25 | €40,812 | €26,606 | -€14,206 | -34.8% |
| Current assets | 29/58 | €89,780 | €210,741 | +€120,961 | +135% |
| Amounts receivable within one year | 40/41 | €40,926 | €72,143 | +€31,217 | +76.3% |
| Trade receivables | 40 | €40,926 | €72,143 | +€31,217 | +76.3% |
| Cash at bank and in hand | 54/58 | €48,795 | €138,598 | +€89,804 | +184% |
| Deferred charges and accrued income | 490/1 | €60 | - | -€60 | |
| Total equity and liabilities | 10/49 | €140,557 | €252,587 | +€112,030 | +79.7% |
| Equity | 10/15 | €52,459 | €119,662 | +€67,204 | +128% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,459 | €118,662 | +€67,204 | +131% |
| Amounts payable | 17/49 | €88,098 | €132,925 | +€44,827 | +50.9% |
| Amounts payable after more than one year | 17 | €31,837 | €19,712 | -€12,125 | -38.1% |
| Financial debts | 170/4 | €31,837 | €19,712 | -€12,125 | -38.1% |
| Amounts payable within one year | 42/48 | €56,261 | €113,212 | +€56,951 | +101% |
| Current portion of amounts payable after more than one year | 42 | €11,483 | €12,125 | +€642 | +5.6% |
| Trade debts | 44 | €10,323 | €51,203 | +€40,880 | +396% |
| Suppliers | 440/4 | €10,323 | €51,203 | +€40,880 | +396% |
| Taxes, remuneration and social security | 45 | €26,523 | €36,981 | +€10,458 | +39.4% |
| Taxes | 450/3 | €23,843 | €30,816 | +€6,973 | +29.2% |
| Remuneration and social security | 454/9 | €2,680 | €6,165 | +€3,485 | +130% |
| Other amounts payable | 47/48 | €7,933 | €12,904 | +€4,971 | +62.7% |
| Remuneration, social security and pensions | 62 | €4,560 | €46,504 | +€41,944 | +920% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,003 | €17,471 | -€532 | -3.0% |
| Other operating charges | 640/8 | €2,001 | €1,567 | -€434 | -21.7% |
| Gross operating margin | 9900 | €93,769 | €153,069 | +€59,300 | +63.2% |
| Operating profit (loss) | 9901 | €69,205 | €87,526 | +€18,321 | +26.5% |
| Financial income | 75/76B | - | €179 | +€179 | |
| Recurring financial income | 75 | - | €179 | +€179 | |
| Financial charges | 65/66B | €3,546 | €2,410 | -€1,136 | -32.0% |
| Recurring financial charges | 65 | €3,546 | €2,410 | -€1,136 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €65,659 | €85,295 | +€19,636 | +29.9% |
| Income taxes | 67/77 | €14,200 | €18,091 | +€3,891 | +27.4% |
| Profit (loss) for the period | 9904 | €51,459 | €67,204 | +€15,745 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,459 | €67,204 | +€15,745 | +30.6% |
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 20 October 2026 via checked.be.