IMS: 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.
IMS
Largest movements
- Tangible fixed assets -€14,215
down €14,215 (-5.3%), from €268,724 to €254,509
of which Plant, machinery and equipment: -€10,062
- Debts after one year -€39,399
no longer reported in 2025 (was €39,399)
of which Other amounts payable: -€38,000
- Profit (loss) carried forward +€24,346
up €24,346 (+17.6%), from -€138,254 to -€113,908
- Other debts +€18,702
up €18,702 (+24.9%), from €75,244 to €93,946
- Current portion of long-term debt -€15,215
down €15,215 (-91.6%), from €16,614 to €1,399
- Depreciation -€69,558
down €69,558 (-80.9%), from €85,935 to €16,377
- Gross operating margin -€10,168
down €10,168 (-15.5%), from €65,763 to €55,595
- Taxes -€973
down €973 (-7.8%), from €12,440 to €11,467
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 | €311,088 | €295,914 | -€15,174 | -4.9% |
| Fixed assets | 21/28 | €268,749 | €254,534 | -€14,215 | -5.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €268,724 | €254,509 | -€14,215 | -5.3% |
| Land and buildings | 22 | €230,756 | €226,603 | -€4,153 | -1.8% |
| Plant, machinery and equipment | 23 | €37,968 | €27,906 | -€10,062 | -26.5% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | -€0 | -0.8% |
| Current assets | 29/58 | €42,339 | €41,380 | -€959 | -2.3% |
| Amounts receivable within one year | 40/41 | €32,019 | €30,798 | -€1,221 | -3.8% |
| Trade receivables | 40 | €32,019 | €30,614 | -€1,405 | -4.4% |
| Other amounts receivable | 41 | - | €184 | +€184 | |
| Cash at bank and in hand | 54/58 | €9,194 | €9,447 | +€253 | +2.7% |
| Deferred charges and accrued income | 490/1 | €1,126 | €1,136 | +€10 | +0.9% |
| Total equity and liabilities | 10/49 | €311,088 | €295,914 | -€15,174 | -4.9% |
| Equity | 10/15 | €153,640 | €177,986 | +€24,346 | +15.8% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €94,323 | €94,323 | +€0 | 0.0% |
| Reserves | 13 | €178,979 | €178,979 | +€0 | 0.0% |
| Distributable reserves | 133 | €178,979 | €178,979 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€138,254 | -€113,908 | +€24,346 | +17.6% |
| Amounts payable | 17/49 | €157,448 | €117,928 | -€39,520 | -25.1% |
| Amounts payable after more than one year | 17 | €39,399 | - | -€39,399 | |
| Financial debts | 170/4 | €1,399 | - | -€1,399 | |
| Other amounts payable | 178/9 | €38,000 | - | -€38,000 | |
| Amounts payable within one year | 42/48 | €118,049 | €117,928 | -€121 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €16,614 | €1,399 | -€15,215 | -91.6% |
| Trade debts | 44 | €5,966 | €4,132 | -€1,834 | -30.7% |
| Suppliers | 440/4 | €5,966 | €4,132 | -€1,834 | -30.7% |
| Taxes, remuneration and social security | 45 | €20,225 | €18,451 | -€1,774 | -8.8% |
| Taxes | 450/3 | €18,725 | €16,951 | -€1,774 | -9.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €75,244 | €93,946 | +€18,702 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,935 | €16,377 | -€69,558 | -80.9% |
| Other operating charges | 640/8 | €2,425 | €2,474 | +€49 | +2.0% |
| Gross operating margin | 9900 | €65,763 | €55,595 | -€10,168 | -15.5% |
| Operating profit (loss) | 9901 | -€22,597 | €36,745 | +€59,342 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,209 | €933 | -€276 | -22.9% |
| Recurring financial charges | 65 | €1,209 | €933 | -€276 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,806 | €35,812 | +€59,618 | |
| Income taxes | 67/77 | €12,440 | €11,467 | -€973 | -7.8% |
| Profit (loss) for the period | 9904 | -€36,246 | €24,346 | +€60,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,246 | €24,346 | +€60,592 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.