IMRÉ: 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.
IMRÉ
Largest movements
- Tangible fixed assets +€42,522
up €42,522 (+121%), from €35,264 to €77,786
of which Other tangible fixed assets: +€31,850
- Receivables within one year -€22,177
down €22,177 (-44.8%), from €49,461 to €27,284
of which Other amounts receivable: -€22,600
- Cash +€7,632
up €7,632 (+200%), from €3,808 to €11,440
mainly Net result for the year (+€24,696) and Receivables within one year (+€22,177)
- Reserves +€24,696
up €24,696 (+33.1%), from €74,620 to €99,316
- Debts after one year +€10,338
new in 2025: €10,338
- Tax, wage and social debts -€5,362
down €5,362 (-100%), from €5,362 to €0
- Current portion of long-term debt +€2,644
new in 2025: €2,644
- Trade debts -€2,600
down €2,600 (-58.0%), from €4,483 to €1,882
- Gross operating margin -€60,447
down €60,447 (-60.6%), from €99,673 to €39,226
- Taxes -€12,643
down €12,643 (-62.1%), from €20,362 to €7,719
- Depreciation +€2,574
up €2,574 (+107%), from €2,407 to €4,982
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 | €88,838 | €117,519 | +€28,681 | +32.3% |
| Fixed assets | 21/28 | €35,264 | €77,786 | +€42,522 | +121% |
| Tangible fixed assets | 22/27 | €35,264 | €77,786 | +€42,522 | +121% |
| Plant, machinery and equipment | 23 | €5,998 | €4,623 | -€1,375 | -22.9% |
| Furniture and vehicles | 24 | €5,856 | €17,903 | +€12,047 | +206% |
| Other tangible fixed assets | 26 | €23,409 | €55,259 | +€31,850 | +136% |
| Current assets | 29/58 | €53,575 | €39,733 | -€13,841 | -25.8% |
| Amounts receivable within one year | 40/41 | €49,461 | €27,284 | -€22,177 | -44.8% |
| Trade receivables | 40 | €147 | €570 | +€423 | +288% |
| Other amounts receivable | 41 | €49,314 | €26,714 | -€22,600 | -45.8% |
| Cash at bank and in hand | 54/58 | €3,808 | €11,440 | +€7,632 | +200% |
| Deferred charges and accrued income | 490/1 | €306 | €1,009 | +€703 | +230% |
| Total equity and liabilities | 10/49 | €88,838 | €117,519 | +€28,681 | +32.3% |
| Equity | 10/15 | €77,120 | €101,816 | +€24,696 | +32.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €74,620 | €99,316 | +€24,696 | +33.1% |
| Distributable reserves | 133 | €74,620 | €99,316 | +€24,696 | +33.1% |
| Amounts payable | 17/49 | €11,719 | €15,703 | +€3,984 | +34.0% |
| Amounts payable after more than one year | 17 | - | €10,338 | +€10,338 | |
| Financial debts | 170/4 | - | €10,338 | +€10,338 | |
| Amounts payable within one year | 42/48 | €11,719 | €4,526 | -€7,192 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,644 | +€2,644 | |
| Trade debts | 44 | €4,483 | €1,882 | -€2,600 | -58.0% |
| Suppliers | 440/4 | €4,483 | €1,882 | -€2,600 | -58.0% |
| Taxes, remuneration and social security | 45 | €5,362 | €0 | -€5,362 | -100% |
| Taxes | 450/3 | €5,362 | €0 | -€5,362 | -100% |
| Other amounts payable | 47/48 | €1,874 | €0 | -€1,874 | -100% |
| Accrued charges and deferred income | 492/3 | - | €839 | +€839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,407 | €4,982 | +€2,574 | +107% |
| Other operating charges | 640/8 | €2,199 | €1,547 | -€653 | -29.7% |
| Gross operating margin | 9900 | €99,673 | €39,226 | -€60,447 | -60.6% |
| Operating profit (loss) | 9901 | €95,066 | €32,698 | -€62,368 | -65.6% |
| Financial income | 75/76B | €40 | €15 | -€25 | -62.2% |
| Recurring financial income | 75 | €40 | €15 | -€25 | -62.2% |
| Financial charges | 65/66B | €124 | €297 | +€173 | +140% |
| Recurring financial charges | 65 | €124 | €297 | +€173 | +140% |
| Profit (loss) for the period before taxes | 9903 | €94,982 | €32,416 | -€62,566 | -65.9% |
| Income taxes | 67/77 | €20,362 | €7,719 | -€12,643 | -62.1% |
| Profit (loss) for the period | 9904 | €74,620 | €24,696 | -€49,923 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,620 | €24,696 | -€49,923 | -66.9% |
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 14 October 2026 via checked.be.