IMM&IMM: 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.
IMM&IMM
Largest movements
- Deferred charges and accrued income -€6,234
no longer reported in 2025 (was €6,234)
- Receivables within one year -€5,443
down €5,443 (-4.8%), from €112,487 to €107,043
of which Other amounts receivable: -€5,383
- Tax, wage and social debts -€8,545
no longer reported in 2025 (was €8,545)
- Profit (loss) carried forward -€5,643
down €5,643 (-40.4%), from -€13,974 to -€19,618
- Gross operating margin +€9,856
up €9,856 (+76.3%), from -€12,910 to -€3,054
- Other operating charges +€444
up €444 (+31.4%), from €1,411 to €1,855
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 | €331,371 | €320,412 | -€10,959 | -3.3% |
| Fixed assets | 21/28 | €209,931 | €213,076 | +€3,145 | +1.5% |
| Tangible fixed assets | 22/27 | €209,931 | €213,076 | +€3,145 | +1.5% |
| Land and buildings | 22 | €209,931 | €213,076 | +€3,145 | +1.5% |
| Current assets | 29/58 | €121,440 | €107,336 | -€14,104 | -11.6% |
| Amounts receivable within one year | 40/41 | €112,487 | €107,043 | -€5,443 | -4.8% |
| Trade receivables | 40 | €60 | - | -€60 | |
| Other amounts receivable | 41 | €112,427 | €107,043 | -€5,383 | -4.8% |
| Cash at bank and in hand | 54/58 | €2,720 | €293 | -€2,427 | -89.2% |
| Deferred charges and accrued income | 490/1 | €6,234 | - | -€6,234 | |
| Total equity and liabilities | 10/49 | €331,371 | €320,412 | -€10,959 | -3.3% |
| Equity | 10/15 | €242,626 | €236,982 | -€5,643 | -2.3% |
| Contributions | 10/11 | €237,600 | €237,600 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,974 | -€19,618 | -€5,643 | -40.4% |
| Amounts payable | 17/49 | €88,745 | €83,430 | -€5,316 | -6.0% |
| Amounts payable after more than one year | 17 | €80,200 | €82,000 | +€1,800 | +2.2% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200 | €2,000 | +€1,800 | +900.0% |
| Amounts payable within one year | 42/48 | €8,545 | €1,430 | -€7,116 | -83.3% |
| Trade debts | 44 | - | €1,430 | +€1,430 | |
| Suppliers | 440/4 | - | €1,430 | +€1,430 | |
| Taxes, remuneration and social security | 45 | €8,545 | - | -€8,545 | |
| Taxes | 450/3 | €8,545 | - | -€8,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,796 | €5,855 | +€58 | +1.0% |
| Other operating charges | 640/8 | €1,411 | €1,855 | +€444 | +31.4% |
| Gross operating margin | 9900 | -€12,910 | -€3,054 | +€9,856 | +76.3% |
| Operating profit (loss) | 9901 | -€20,118 | -€10,765 | +€9,354 | +46.5% |
| Financial income | 75/76B | €6,332 | €6,277 | -€55 | -0.9% |
| Recurring financial income | 75 | €6,332 | €6,277 | -€55 | -0.9% |
| Financial charges | 65/66B | €1,098 | €1,097 | -€1 | -0.1% |
| Recurring financial charges | 65 | €1,098 | €1,097 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,884 | -€5,584 | +€9,300 | +62.5% |
| Income taxes | 67/77 | - | €59 | +€59 | |
| Profit (loss) for the period | 9904 | -€14,884 | -€5,643 | +€9,241 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,884 | -€5,643 | +€9,241 | +62.1% |
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 9 October 2026 via checked.be.