IMIDOR: 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.
IMIDOR
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+45.0%), from €3.1m to €4.5m
- Current investments -€114,559
down €114,559 (-3.8%), from €3.1m to €2.9m
- Cash +€111,719
up €111,719 (+218.1%), from €51,219 to €162,938
mainly Debts after one year (+€1.6m) and Current investments (+€114,559)
- Deferred charges and accrued income +€96,021
up €96,021 (+76.3%), from €125,767 to €221,788
- Debts after one year +€1.6m
up €1.6m (+20.0%), from €8.0m to €9.6m
- Profit (loss) carried forward -€141,018
down €141,018 (-14.9%), from -€948,998 to -€1.1m
- Financial income +€452,695
up €452,695 (+94.3%), from €480,173 to €932,867
of which Non-recurring financial income: +€383,842
- Financial charges +€156,847
up €156,847 (+17.2%), from €910,171 to €1.1m
of which Non-recurring financial charges: +€140,401
- Gross operating margin -€605
down €605 (-11.5%), from -€5,264 to -€5,869
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 | €7,126,694 | €8,570,993 | +€1.4m | +20.3% |
| Fixed assets | 21/28 | €827,507 | €795,770 | -€31,738 | -3.8% |
| Financial fixed assets | 28 | €827,507 | €795,770 | -€31,738 | -3.8% |
| Current assets | 29/58 | €6,299,186 | €7,775,223 | +€1.5m | +23.4% |
| Amounts receivable within one year | 40/41 | €3,071,322 | €4,454,177 | +€1.4m | +45.0% |
| Other amounts receivable | 41 | €3,071,322 | €4,454,177 | +€1.4m | +45.0% |
| Current investments | 50/53 | €3,050,879 | €2,936,320 | -€114,559 | -3.8% |
| Cash at bank and in hand | 54/58 | €51,219 | €162,938 | +€111,719 | +218.1% |
| Deferred charges and accrued income | 490/1 | €125,767 | €221,788 | +€96,021 | +76.3% |
| Total equity and liabilities | 10/49 | €7,126,694 | €8,570,993 | +€1.4m | +20.3% |
| Equity | 10/15 | -€928,998 | -€1,070,016 | -€141,018 | -15.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€948,998 | -€1,090,016 | -€141,018 | -14.9% |
| Amounts payable | 17/49 | €8,055,692 | €9,641,008 | +€1.6m | +19.7% |
| Amounts payable after more than one year | 17 | €8,037,218 | €9,641,008 | +€1.6m | +20.0% |
| Financial debts | 170/4 | €8,037,218 | €9,641,008 | +€1.6m | +20.0% |
| Accrued charges and deferred income | 492/3 | €18,473 | - | -€18,473 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€5,264 | -€5,869 | -€605 | -11.5% |
| Operating profit (loss) | 9901 | -€6,231 | -€6,867 | -€636 | -10.2% |
| Financial income | 75/76B | €480,173 | €932,867 | +€452,695 | +94.3% |
| Recurring financial income | 75 | €21,322 | €90,174 | +€68,852 | +322.9% |
| Non-recurring financial income | 76B | €458,851 | €842,693 | +€383,842 | +83.7% |
| Financial charges | 65/66B | €910,171 | €1,067,018 | +€156,847 | +17.2% |
| Recurring financial charges | 65 | €67,478 | €83,924 | +€16,446 | +24.4% |
| Non-recurring financial charges | 66B | €842,693 | €983,094 | +€140,401 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€436,230 | -€141,018 | +€295,212 | +67.7% |
| Profit (loss) for the period | 9904 | -€436,230 | -€141,018 | +€295,212 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€436,230 | -€141,018 | +€295,212 | +67.7% |
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 8 October 2026 via checked.be.