IMG Trading: 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.
IMG Trading
Largest movements
- Cash +€4,761
up €4,761 (+145%), from €3,289 to €8,049
mainly Contributions, distributions and other (+€3,000) and Other debts (+€2,074)
- Receivables within one year +€814
up €814 (+72.4%), from €1,124 to €1,939
of which Trade receivables: +€798
- Tangible fixed assets -€644
down €644 (-14.3%), from €4,500 to €3,856
of which Plant, machinery and equipment: -€1,230
- Tax, wage and social debts -€3,444
down €3,444 (-76.6%), from €4,497 to €1,053
of which Remuneration and social security: -€2,925
- Contributions +€3,000
new in 2025: €3,000
- Other debts +€2,074
up €2,074 (+7.4%), from €28,205 to €30,279
- Profit (loss) carried forward +€1,783
up €1,783 (+7.5%), from -€23,897 to -€22,114
- Trade debts +€1,517
up €1,517 (+1,404%), from €108 to €1,625
- Gross operating margin +€15,145
up €15,145, from -€11,604 to €3,541
- Staff costs -€11,337
no longer reported in 2025 (was €11,337)
- Financial charges +€389
up €389 (+5,940%), from €7 to €396
- Depreciation +€322
up €322 (+34.0%), from €949 to €1,272
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 | €8,914 | €13,844 | +€4,930 | +55.3% |
| Fixed assets | 21/28 | €4,500 | €3,856 | -€644 | -14.3% |
| Tangible fixed assets | 22/27 | €4,500 | €3,856 | -€644 | -14.3% |
| Plant, machinery and equipment | 23 | €4,500 | €3,271 | -€1,230 | -27.3% |
| Furniture and vehicles | 24 | - | €585 | +€585 | |
| Current assets | 29/58 | €4,413 | €9,988 | +€5,575 | +126% |
| Amounts receivable within one year | 40/41 | €1,124 | €1,939 | +€814 | +72.4% |
| Trade receivables | 40 | - | €798 | +€798 | |
| Other amounts receivable | 41 | €1,124 | €1,140 | +€16 | +1.4% |
| Cash at bank and in hand | 54/58 | €3,289 | €8,049 | +€4,761 | +145% |
| Total equity and liabilities | 10/49 | €8,914 | €13,844 | +€4,930 | +55.3% |
| Equity | 10/15 | -€23,897 | -€19,114 | +€4,783 | +20.0% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€23,897 | -€22,114 | +€1,783 | +7.5% |
| Amounts payable | 17/49 | €32,811 | €32,958 | +€147 | +0.4% |
| Amounts payable within one year | 42/48 | €32,811 | €32,958 | +€147 | +0.4% |
| Trade debts | 44 | €108 | €1,625 | +€1,517 | +1,404% |
| Suppliers | 440/4 | €108 | €1,625 | +€1,517 | +1,404% |
| Taxes, remuneration and social security | 45 | €4,497 | €1,053 | -€3,444 | -76.6% |
| Taxes | 450/3 | €1,572 | €1,053 | -€519 | -33.0% |
| Remuneration and social security | 454/9 | €2,925 | - | -€2,925 | |
| Other amounts payable | 47/48 | €28,205 | €30,279 | +€2,074 | +7.4% |
| Remuneration, social security and pensions | 62 | €11,337 | - | -€11,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €949 | €1,272 | +€322 | +34.0% |
| Other operating charges | 640/8 | - | €91 | +€91 | |
| Gross operating margin | 9900 | -€11,604 | €3,541 | +€15,145 | |
| Operating profit (loss) | 9901 | -€23,891 | €2,178 | +€26,069 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,733% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,733% |
| Financial charges | 65/66B | €7 | €396 | +€389 | +5,940% |
| Recurring financial charges | 65 | €7 | €396 | +€389 | +5,940% |
| Profit (loss) for the period before taxes | 9903 | -€23,897 | €1,783 | +€25,681 | |
| Profit (loss) for the period | 9904 | -€23,897 | €1,783 | +€25,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,897 | €1,783 | +€25,681 |
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 24 October 2026 via checked.be.