IMS: 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.
IMS
Largest movements
- Financial fixed assets -€22,084
no longer reported in 2025 (was €22,084)
- Tangible fixed assets -€7,853
down €7,853 (-31.2%), from €25,188 to €17,335
of which Furniture and vehicles: -€7,752
- Cash +€5,108
up €5,108 (+10.6%), from €48,069 to €53,177
mainly Investment in fixed assets (net) (+€20,350) and Depreciation (+€9,586)
- Receivables within one year +€4,492
up €4,492 (+36.9%), from €12,158 to €16,650
of which Other amounts receivable: +€2,533
- Deferred charges and accrued income +€1,282
up €1,282 (+131.2%), from €977 to €2,259
- Debts after one year -€7,678
down €7,678 (-49.1%), from €15,653 to €7,975
- Profit (loss) carried forward -€7,475
down €7,475 (-58.9%), from €12,684 to €5,210
- Reserves -€5,882
down €5,882 (-16.1%), from €36,483 to €30,601
of which Distributable reserves: -€4,027
- Trade debts +€1,935
up €1,935 (+122.0%), from €1,586 to €3,521
- Tax, wage and social debts +€1,321
up €1,321 (+14.0%), from €9,428 to €10,749
- Gross operating margin -€14,311
down €14,311 (-35.5%), from €40,283 to €25,971
- Financial charges -€11,827
down €11,827 (-34.6%), from €34,211 to €22,384
of which Non-recurring financial charges: -€11,042
- Taxes -€1,514
down €1,514 (-71.4%), from €2,122 to €608
- Other operating charges -€450
down €450 (-34.1%), from €1,318 to €868
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 | €108,476 | €89,421 | -€19,055 | -17.6% |
| Fixed assets | 21/28 | €47,272 | €17,335 | -€29,937 | -63.3% |
| Tangible fixed assets | 22/27 | €25,188 | €17,335 | -€7,853 | -31.2% |
| Plant, machinery and equipment | 23 | €2,664 | €2,564 | -€100 | -3.8% |
| Furniture and vehicles | 24 | €22,524 | €14,772 | -€7,752 | -34.4% |
| Financial fixed assets | 28 | €22,084 | - | -€22,084 | |
| Current assets | 29/58 | €61,204 | €72,086 | +€10,882 | +17.8% |
| Amounts receivable within one year | 40/41 | €12,158 | €16,650 | +€4,492 | +36.9% |
| Trade receivables | 40 | €12,158 | €14,117 | +€1,959 | +16.1% |
| Other amounts receivable | 41 | - | €2,533 | +€2,533 | |
| Cash at bank and in hand | 54/58 | €48,069 | €53,177 | +€5,108 | +10.6% |
| Deferred charges and accrued income | 490/1 | €977 | €2,259 | +€1,282 | +131.2% |
| Total equity and liabilities | 10/49 | €108,476 | €89,421 | -€19,055 | -17.6% |
| Equity | 10/15 | €67,718 | €54,361 | -€13,357 | -19.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €36,483 | €30,601 | -€5,882 | -16.1% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €34,628 | €30,601 | -€4,027 | -11.6% |
| Profit (loss) carried forward | 14 | €12,684 | €5,210 | -€7,475 | -58.9% |
| Amounts payable | 17/49 | €40,758 | €35,060 | -€5,698 | -14.0% |
| Amounts payable after more than one year | 17 | €15,653 | €7,975 | -€7,678 | -49.1% |
| Financial debts | 170/4 | €15,653 | €7,975 | -€7,678 | -49.1% |
| Amounts payable within one year | 42/48 | €25,106 | €27,086 | +€1,980 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €7,394 | €6,934 | -€460 | -6.2% |
| Trade debts | 44 | €1,586 | €3,521 | +€1,935 | +122.0% |
| Suppliers | 440/4 | €1,586 | €3,521 | +€1,935 | +122.0% |
| Taxes, remuneration and social security | 45 | €9,428 | €10,749 | +€1,321 | +14.0% |
| Taxes | 450/3 | €9,428 | €10,749 | +€1,321 | +14.0% |
| Other amounts payable | 47/48 | €6,698 | €5,882 | -€816 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,982 | €9,586 | -€396 | -4.0% |
| Other operating charges | 640/8 | €1,318 | €868 | -€450 | -34.1% |
| Gross operating margin | 9900 | €40,283 | €25,971 | -€14,311 | -35.5% |
| Operating profit (loss) | 9901 | €28,983 | €15,517 | -€13,466 | -46.5% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €34,211 | €22,384 | -€11,827 | -34.6% |
| Recurring financial charges | 65 | €1,086 | €300 | -€785 | -72.4% |
| Non-recurring financial charges | 66B | €33,126 | €22,084 | -€11,042 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,170 | -€6,867 | -€1,697 | -32.8% |
| Income taxes | 67/77 | €2,122 | €608 | -€1,514 | -71.4% |
| Profit (loss) for the period | 9904 | -€7,292 | -€7,475 | -€183 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,292 | -€7,475 | -€183 | -2.5% |
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 11 October 2026 via checked.be.