IMME: 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.
IMME
Largest movements
- Tangible fixed assets +€142,412
up €142,412 (+7.2%), from €2.0m to €2.1m
of which Land and buildings: +€145,274
- Receivables within one year +€27,269
up €27,269 (+179.3%), from €15,208 to €42,477
of which Trade receivables: +€24,269
- Short-term financial debts +€275,000
up €275,000 (+220.0%), from €125,000 to €400,000
- Current portion of long-term debt -€175,321
down €175,321 (-61.1%), from €286,973 to €111,652
- Other debts +€125,925
up €125,925 (+28.8%), from €437,507 to €563,431
- Debts after one year -€111,760
down €111,760 (-32.9%), from €339,823 to €228,063
- Reserves +€59,269
up €59,269 (+13.3%), from €444,466 to €503,735
of which Distributable reserves: +€59,269
- Other operating charges +€41,622
up €41,622 (+57.5%), from €72,403 to €114,025
- Taxes -€14,763
down €14,763 (-38.4%), from €38,449 to €23,686
- Gross operating margin +€8,806
up €8,806 (+2.1%), from €410,189 to €418,996
- Financial charges -€6,379
down €6,379 (-20.1%), from €31,759 to €25,380
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 | €2,012,350 | €2,177,675 | +€165,326 | +8.2% |
| Fixed assets | 21/28 | €1,979,664 | €2,122,076 | +€142,412 | +7.2% |
| Tangible fixed assets | 22/27 | €1,979,529 | €2,121,941 | +€142,412 | +7.2% |
| Land and buildings | 22 | €1,975,794 | €2,121,069 | +€145,274 | +7.4% |
| Plant, machinery and equipment | 23 | €1,112 | €872 | -€240 | -21.6% |
| Furniture and vehicles | 24 | €2,623 | - | -€2,623 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €32,685 | €55,599 | +€22,914 | +70.1% |
| Stocks and contracts in progress | 3 | €501 | €771 | +€270 | +53.9% |
| Stocks | 30/36 | €501 | €771 | +€270 | +53.9% |
| Amounts receivable within one year | 40/41 | €15,208 | €42,477 | +€27,269 | +179.3% |
| Trade receivables | 40 | €13,629 | €37,898 | +€24,269 | +178.1% |
| Other amounts receivable | 41 | €1,579 | €4,579 | +€3,000 | +190.0% |
| Cash at bank and in hand | 54/58 | €9,560 | €7,252 | -€2,308 | -24.1% |
| Deferred charges and accrued income | 490/1 | €7,416 | €5,100 | -€2,316 | -31.2% |
| Total equity and liabilities | 10/49 | €2,012,350 | €2,177,675 | +€165,326 | +8.2% |
| Equity | 10/15 | €793,466 | €852,735 | +€59,269 | +7.5% |
| Contributions | 10/11 | €349,000 | €349,000 | = | 0.0% |
| Reserves | 13 | €444,466 | €503,735 | +€59,269 | +13.3% |
| Non-distributable reserves | 130/1 | €34,900 | €34,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,900 | €34,900 | = | 0.0% |
| Distributable reserves | 133 | €409,566 | €468,835 | +€59,269 | +14.5% |
| Amounts payable | 17/49 | €1,218,883 | €1,324,940 | +€106,057 | +8.7% |
| Amounts payable after more than one year | 17 | €339,823 | €228,063 | -€111,760 | -32.9% |
| Financial debts | 170/4 | €339,823 | €228,063 | -€111,760 | -32.9% |
| Amounts payable within one year | 42/48 | €878,661 | €1,096,477 | +€217,816 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €286,973 | €111,652 | -€175,321 | -61.1% |
| Financial debts | 43 | €125,000 | €400,000 | +€275,000 | +220.0% |
| Other loans | 439 | €125,000 | €400,000 | +€275,000 | +220.0% |
| Trade debts | 44 | €12,669 | €7,944 | -€4,725 | -37.3% |
| Suppliers | 440/4 | €12,669 | €7,944 | -€4,725 | -37.3% |
| Taxes, remuneration and social security | 45 | €16,512 | €13,450 | -€3,063 | -18.5% |
| Taxes | 450/3 | €16,512 | €13,450 | -€3,063 | -18.5% |
| Other amounts payable | 47/48 | €437,507 | €563,431 | +€125,925 | +28.8% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,292 | €196,803 | +€2,511 | +1.3% |
| Other operating charges | 640/8 | €72,403 | €114,025 | +€41,622 | +57.5% |
| Gross operating margin | 9900 | €410,189 | €418,996 | +€8,806 | +2.1% |
| Operating profit (loss) | 9901 | €143,494 | €108,168 | -€35,326 | -24.6% |
| Financial income | 75/76B | €10 | €167 | +€157 | +1550.1% |
| Recurring financial income | 75 | €10 | €167 | +€157 | +1550.1% |
| Financial charges | 65/66B | €31,759 | €25,380 | -€6,379 | -20.1% |
| Recurring financial charges | 65 | €31,759 | €25,380 | -€6,379 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €111,745 | €82,955 | -€28,790 | -25.8% |
| Income taxes | 67/77 | €38,449 | €23,686 | -€14,763 | -38.4% |
| Profit (loss) for the period | 9904 | €73,296 | €59,269 | -€14,027 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,296 | €59,269 | -€14,027 | -19.1% |
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 4 October 2026 via checked.be.