IMS ELEKTRA: what changed
IMS ELEKTRA
Largest movements
- Receivables within one year +€99,811
up €99,811 (+63.2%), from €157,936 to €257,747
of which Other amounts receivable: +€83,530
- Tangible fixed assets -€15,562
down €15,562 (-11.8%), from €132,126 to €116,564
of which Other tangible fixed assets: -€23,897
- Intangible fixed assets -€7,500
down €7,500 (-12.5%), from €59,979 to €52,479
- Cash -€6,134
down €6,134 (-54.4%), from €11,274 to €5,141
mainly Receivables within one year (-€99,811) and Contributions, distributions and other (-€53,500)
- Other debts +€43,870
new in 2025: €43,870
- Trade debts +€35,384
up €35,384 (+76.7%), from €46,140 to €81,524
- Debts after one year -€17,203
down €17,203 (-28.2%), from €61,060 to €43,857
- Tax, wage and social debts +€15,771
up €15,771 (+95.8%), from €16,461 to €32,232
of which Taxes: +€12,526
- Current portion of long-term debt -€7,635
down €7,635 (-19.0%), from €40,157 to €32,522
- Other operating charges +€26,438
up €26,438 (+1,079%), from €2,451 to €28,889
- Gross operating margin -€20,370
down €20,370 (-12.0%), from €170,051 to €149,681
- Taxes -€18,627
down €18,627 (-48.4%), from €38,492 to €19,865
- Staff costs +€10,460
up €10,460 (+1,207%), from €867 to €11,327
- Financial income +€5,897
up €5,897 (+209%), from €2,827 to €8,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,341 | €433,982 | +€69,641 | +19.1% |
| Fixed assets | 21/28 | €194,156 | €171,094 | -€23,062 | -11.9% |
| Intangible fixed assets | 21 | €59,979 | €52,479 | -€7,500 | -12.5% |
| Tangible fixed assets | 22/27 | €132,126 | €116,564 | -€15,562 | -11.8% |
| Land and buildings | 22 | - | €22,451 | +€22,451 | |
| Plant, machinery and equipment | 23 | €2,204 | - | -€2,204 | |
| Furniture and vehicles | 24 | €106,025 | €94,114 | -€11,911 | -11.2% |
| Other tangible fixed assets | 26 | €23,897 | - | -€23,897 | |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €170,185 | €262,888 | +€92,703 | +54.5% |
| Amounts receivable within one year | 40/41 | €157,936 | €257,747 | +€99,811 | +63.2% |
| Trade receivables | 40 | €85,488 | €101,769 | +€16,281 | +19.0% |
| Other amounts receivable | 41 | €72,448 | €155,978 | +€83,530 | +115% |
| Cash at bank and in hand | 54/58 | €11,274 | €5,141 | -€6,134 | -54.4% |
| Deferred charges and accrued income | 490/1 | €975 | - | -€975 | |
| Total equity and liabilities | 10/49 | €364,341 | €433,982 | +€69,641 | +19.1% |
| Equity | 10/15 | €199,837 | €199,976 | +€139 | +0.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €196,337 | €196,337 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,260 | - | -€25,260 | |
| Distributable reserves | 133 | €171,077 | €196,337 | +€25,260 | +14.8% |
| Profit (loss) carried forward | 14 | - | €139 | +€139 | |
| Amounts payable | 17/49 | €164,503 | €234,005 | +€69,502 | +42.2% |
| Amounts payable after more than one year | 17 | €61,060 | €43,857 | -€17,203 | -28.2% |
| Financial debts | 170/4 | €61,060 | €43,857 | -€17,203 | -28.2% |
| Amounts payable within one year | 42/48 | €103,443 | €190,148 | +€86,705 | +83.8% |
| Current portion of amounts payable after more than one year | 42 | €40,157 | €32,522 | -€7,635 | -19.0% |
| Financial debts | 43 | €685 | - | -€685 | |
| Credit institutions | 430/8 | €685 | - | -€685 | |
| Trade debts | 44 | €46,140 | €81,524 | +€35,384 | +76.7% |
| Suppliers | 440/4 | €46,140 | €81,524 | +€35,384 | +76.7% |
| Taxes, remuneration and social security | 45 | €16,461 | €32,232 | +€15,771 | +95.8% |
| Taxes | 450/3 | €16,461 | €28,987 | +€12,526 | +76.1% |
| Remuneration and social security | 454/9 | - | €3,245 | +€3,245 | |
| Other amounts payable | 47/48 | - | €43,870 | +€43,870 | |
| Remuneration, social security and pensions | 62 | €867 | €11,327 | +€10,460 | +1,207% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,135 | €38,380 | +€5,245 | +15.8% |
| Other operating charges | 640/8 | €2,451 | €28,889 | +€26,438 | +1,079% |
| Gross operating margin | 9900 | €170,051 | €149,681 | -€20,370 | -12.0% |
| Operating profit (loss) | 9901 | €133,599 | €71,085 | -€62,514 | -46.8% |
| Financial income | 75/76B | €2,827 | €8,724 | +€5,897 | +209% |
| Recurring financial income | 75 | €2,827 | €8,724 | +€5,897 | +209% |
| Financial charges | 65/66B | €9,354 | €6,305 | -€3,049 | -32.6% |
| Recurring financial charges | 65 | €9,354 | €6,305 | -€3,049 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €127,072 | €73,504 | -€53,568 | -42.2% |
| Income taxes | 67/77 | €38,492 | €19,865 | -€18,627 | -48.4% |
| Profit (loss) for the period | 9904 | €88,580 | €53,639 | -€34,941 | -39.4% |
| Transfer from tax-exempt reserves | 789 | - | €25,260 | +€25,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,580 | €78,899 | -€9,681 | -10.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.