IMSCHER: 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.
IMSCHER
Largest movements
- Receivables within one year -€28,344
down €28,344 (-99.6%), from €28,448 to €104
of which Trade receivables: -€25,855
- Tangible fixed assets -€4,926
down €4,926 (-4.5%), from €109,589 to €104,663
of which Land and buildings: -€4,657
- Other debts -€25,897
down €25,897 (-79.7%), from €32,510 to €6,613
- Profit (loss) carried forward -€7,711
down €7,711 (-24.6%), from €31,342 to €23,630
- Gross operating margin -€20,529
down €20,529 (-88.2%), from €23,269 to €2,741
- Other operating charges -€2,836
down €2,836 (-65.4%), from €4,337 to €1,501
- Taxes -€2,723
down €2,723 (-100.0%), from €2,723 to €0
- Financial income -€892
down €892 (-90.7%), from €984 to €92
- Depreciation -€309
down €309 (-3.3%), from €9,321 to €9,013
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 | €140,039 | €107,087 | -€32,952 | -23.5% |
| Fixed assets | 21/28 | €109,589 | €104,663 | -€4,926 | -4.5% |
| Tangible fixed assets | 22/27 | €109,589 | €104,663 | -€4,926 | -4.5% |
| Land and buildings | 22 | €109,320 | €104,663 | -€4,657 | -4.3% |
| Plant, machinery and equipment | 23 | €269 | €0 | -€269 | -100.0% |
| Current assets | 29/58 | €30,450 | €2,424 | -€28,026 | -92.0% |
| Amounts receivable within one year | 40/41 | €28,448 | €104 | -€28,344 | -99.6% |
| Trade receivables | 40 | €25,855 | €0 | -€25,855 | -100.0% |
| Other amounts receivable | 41 | €2,593 | €104 | -€2,489 | -96.0% |
| Cash at bank and in hand | 54/58 | €1,211 | €2,320 | +€1,110 | +91.7% |
| Deferred charges and accrued income | 490/1 | €792 | €0 | -€792 | -100.0% |
| Total equity and liabilities | 10/49 | €140,039 | €107,087 | -€32,952 | -23.5% |
| Equity | 10/15 | €102,842 | €95,130 | -€7,711 | -7.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,342 | €23,630 | -€7,711 | -24.6% |
| Amounts payable | 17/49 | €37,198 | €11,957 | -€25,241 | -67.9% |
| Amounts payable within one year | 42/48 | €37,106 | €11,957 | -€25,149 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €632 | €0 | -€632 | -100.0% |
| Suppliers | 440/4 | €632 | €0 | -€632 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,964 | €5,344 | +€1,380 | +34.8% |
| Taxes | 450/3 | €3,964 | €5,344 | +€1,380 | +34.8% |
| Other amounts payable | 47/48 | €32,510 | €6,613 | -€25,897 | -79.7% |
| Accrued charges and deferred income | 492/3 | €92 | €0 | -€92 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,321 | €9,013 | -€309 | -3.3% |
| Other operating charges | 640/8 | €4,337 | €1,501 | -€2,836 | -65.4% |
| Gross operating margin | 9900 | €23,269 | €2,741 | -€20,529 | -88.2% |
| Operating profit (loss) | 9901 | €9,611 | -€7,773 | -€17,384 | |
| Financial income | 75/76B | €984 | €92 | -€892 | -90.7% |
| Recurring financial income | 75 | €984 | €92 | -€892 | -90.7% |
| Financial charges | 65/66B | €299 | €30 | -€269 | -90.0% |
| Recurring financial charges | 65 | €299 | €30 | -€269 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €10,296 | -€7,711 | -€18,007 | |
| Income taxes | 67/77 | €2,723 | €0 | -€2,723 | -100.0% |
| Profit (loss) for the period | 9904 | €7,573 | -€7,711 | -€15,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,573 | -€7,711 | -€15,284 |
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 3 October 2026 via checked.be.