iMRS: 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.
iMRS
Largest movements
- Tangible fixed assets +€15,652
up €15,652 (+5.2%), from €302,412 to €318,064
of which Land and buildings: +€24,878
- Other debts +€71,043
new in 2025: €71,043
- Reserves -€16,495
down €16,495 (-8.0%), from €205,011 to €188,515
- Tax, wage and social debts -€14,856
down €14,856 (-42.7%), from €34,806 to €19,950
of which Taxes: -€14,874
- Debts after one year -€12,419
down €12,419 (-6.5%), from €191,790 to €179,371
- Current portion of long-term debt -€11,767
down €11,767 (-32.8%), from €35,915 to €24,148
- Gross operating margin +€7,710
up €7,710 (+7.8%), from €98,831 to €106,540
- Taxes -€4,417
down €4,417 (-17.2%), from €25,626 to €21,209
- Financial charges +€3,736
up €3,736 (+75.7%), from €4,934 to €8,670
- Depreciation +€3,684
up €3,684 (+19.7%), from €18,728 to €22,412
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 | €485,608 | €503,444 | +€17,836 | +3.7% |
| Fixed assets | 21/28 | €302,417 | €318,069 | +€15,652 | +5.2% |
| Tangible fixed assets | 22/27 | €302,412 | €318,064 | +€15,652 | +5.2% |
| Land and buildings | 22 | €280,229 | €305,108 | +€24,878 | +8.9% |
| Plant, machinery and equipment | 23 | €576 | €33 | -€543 | -94.3% |
| Furniture and vehicles | 24 | €21,607 | €12,924 | -€8,683 | -40.2% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €183,191 | €185,375 | +€2,184 | +1.2% |
| Amounts receivable after more than one year | 29 | €103,848 | €106,444 | +€2,596 | +2.5% |
| Other amounts receivable | 291 | €103,848 | €106,444 | +€2,596 | +2.5% |
| Amounts receivable within one year | 40/41 | €47,416 | €50,628 | +€3,212 | +6.8% |
| Trade receivables | 40 | €30,877 | €28,791 | -€2,086 | -6.8% |
| Other amounts receivable | 41 | €16,539 | €21,837 | +€5,298 | +32.0% |
| Cash at bank and in hand | 54/58 | €29,759 | €26,463 | -€3,297 | -11.1% |
| Deferred charges and accrued income | 490/1 | €2,168 | €1,840 | -€328 | -15.1% |
| Total equity and liabilities | 10/49 | €485,608 | €503,444 | +€17,836 | +3.7% |
| Equity | 10/15 | €208,511 | €192,015 | -€16,495 | -7.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €205,011 | €188,515 | -€16,495 | -8.0% |
| Distributable reserves | 133 | €205,011 | €188,515 | -€16,495 | -8.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €277,097 | €311,429 | +€34,331 | +12.4% |
| Amounts payable after more than one year | 17 | €191,790 | €179,371 | -€12,419 | -6.5% |
| Financial debts | 170/4 | €191,790 | €179,371 | -€12,419 | -6.5% |
| Amounts payable within one year | 42/48 | €85,235 | €132,049 | +€46,814 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €35,915 | €24,148 | -€11,767 | -32.8% |
| Trade debts | 44 | €14,514 | €16,908 | +€2,394 | +16.5% |
| Suppliers | 440/4 | €14,514 | €16,908 | +€2,394 | +16.5% |
| Taxes, remuneration and social security | 45 | €34,806 | €19,950 | -€14,856 | -42.7% |
| Taxes | 450/3 | €32,281 | €17,407 | -€14,874 | -46.1% |
| Remuneration and social security | 454/9 | €2,525 | €2,543 | +€18 | +0.7% |
| Other amounts payable | 47/48 | - | €71,043 | +€71,043 | |
| Accrued charges and deferred income | 492/3 | €72 | €9 | -€64 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,728 | €22,412 | +€3,684 | +19.7% |
| Other operating charges | 640/8 | €2,748 | €1,814 | -€934 | -34.0% |
| Non-recurring operating charges | 66A | - | €484 | +€484 | |
| Gross operating margin | 9900 | €98,831 | €106,540 | +€7,710 | +7.8% |
| Operating profit (loss) | 9901 | €77,354 | €81,830 | +€4,476 | +5.8% |
| Financial income | 75/76B | €2,533 | €2,596 | +€63 | +2.5% |
| Recurring financial income | 75 | €2,533 | €2,596 | +€63 | +2.5% |
| Financial charges | 65/66B | €4,934 | €8,670 | +€3,736 | +75.7% |
| Recurring financial charges | 65 | €4,934 | €8,670 | +€3,736 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €74,954 | €75,757 | +€803 | +1.1% |
| Income taxes | 67/77 | €25,626 | €21,209 | -€4,417 | -17.2% |
| Profit (loss) for the period | 9904 | €49,328 | €54,548 | +€5,220 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,328 | €54,548 | +€5,220 | +10.6% |
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 5 October 2026 via checked.be.