IMSCHOOT: 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.
IMSCHOOT
Largest movements
- Receivables within one year +€198,868
up €198,868 (+463.8%), from €42,877 to €241,746
of which Other amounts receivable: +€195,383
- Cash -€54,977
down €54,977 (-35.8%), from €153,482 to €98,505
mainly Receivables within one year (-€198,868) and Contributions, distributions and other (-€91,000)
- Current investments -€53,536
down €53,536 (-95.2%), from €56,212 to €2,676
- Tangible fixed assets -€50,962
down €50,962 (-10.4%), from €490,131 to €439,170
of which Land and buildings: -€26,750
- Stocks and contracts +€18,268
up €18,268 (+1.9%), from €974,996 to €993,264
- Tax, wage and social debts +€178,292
up €178,292 (+1051.1%), from €16,963 to €195,254
of which Taxes: +€177,532
- Other debts -€78,617
down €78,617 (-16.0%), from €491,675 to €413,058
- Debts after one year -€50,883
down €50,883 (-54.4%), from €93,520 to €42,637
- Accrued charges and deferred income +€26,598
up €26,598 (+64.3%), from €41,391 to €67,989
- Gross operating margin +€18,577
up €18,577 (+5.1%), from €363,646 to €382,223
- Staff costs +€11,863
up €11,863 (+7.8%), from €151,488 to €163,351
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 | €1,720,961 | €1,783,130 | +€62,168 | +3.6% |
| Fixed assets | 21/28 | €490,258 | €439,296 | -€50,962 | -10.4% |
| Tangible fixed assets | 22/27 | €490,131 | €439,170 | -€50,962 | -10.4% |
| Land and buildings | 22 | €455,689 | €428,939 | -€26,750 | -5.9% |
| Plant, machinery and equipment | 23 | €1,746 | €946 | -€800 | -45.8% |
| Furniture and vehicles | 24 | €32,696 | €9,284 | -€23,412 | -71.6% |
| Financial fixed assets | 28 | €126 | €126 | = | 0.0% |
| Current assets | 29/58 | €1,230,704 | €1,343,834 | +€113,130 | +9.2% |
| Stocks and contracts in progress | 3 | €974,996 | €993,264 | +€18,268 | +1.9% |
| Stocks | 30/36 | €974,996 | €993,264 | +€18,268 | +1.9% |
| Amounts receivable within one year | 40/41 | €42,877 | €241,746 | +€198,868 | +463.8% |
| Trade receivables | 40 | €34,054 | €37,539 | +€3,485 | +10.2% |
| Other amounts receivable | 41 | €8,823 | €204,206 | +€195,383 | +2214.4% |
| Current investments | 50/53 | €56,212 | €2,676 | -€53,536 | -95.2% |
| Cash at bank and in hand | 54/58 | €153,482 | €98,505 | -€54,977 | -35.8% |
| Deferred charges and accrued income | 490/1 | €3,137 | €7,643 | +€4,506 | +143.6% |
| Total equity and liabilities | 10/49 | €1,720,961 | €1,783,130 | +€62,168 | +3.6% |
| Equity | 10/15 | €970,622 | €964,728 | -€5,894 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €943,289 | €937,389 | -€5,900 | -0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €14,859 | €14,859 | = | 0.0% |
| Distributable reserves | 133 | €928,430 | €922,530 | -€5,900 | -0.6% |
| Profit (loss) carried forward | 14 | €8,733 | €8,739 | +€6 | +0.1% |
| Amounts payable | 17/49 | €750,339 | €818,401 | +€68,062 | +9.1% |
| Amounts payable after more than one year | 17 | €93,520 | €42,637 | -€50,883 | -54.4% |
| Financial debts | 170/4 | €93,520 | €42,637 | -€50,883 | -54.4% |
| Amounts payable within one year | 42/48 | €615,428 | €707,775 | +€92,348 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €50,209 | €50,883 | +€675 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €56,581 | €48,580 | -€8,001 | -14.1% |
| Suppliers | 440/4 | €56,581 | €48,580 | -€8,001 | -14.1% |
| Taxes, remuneration and social security | 45 | €16,963 | €195,254 | +€178,292 | +1051.1% |
| Taxes | 450/3 | €3,009 | €180,542 | +€177,532 | +5899.7% |
| Remuneration and social security | 454/9 | €13,953 | €14,713 | +€759 | +5.4% |
| Other amounts payable | 47/48 | €491,675 | €413,058 | -€78,617 | -16.0% |
| Accrued charges and deferred income | 492/3 | €41,391 | €67,989 | +€26,598 | +64.3% |
| Non-recurring operating income | 76A | €42,715 | €0 | -€42,715 | -100.0% |
| Remuneration, social security and pensions | 62 | €151,488 | €163,351 | +€11,863 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,807 | €50,962 | -€2,845 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,801 | €0 | +€1,801 | |
| Other operating charges | 640/8 | €8,605 | €8,742 | +€137 | +1.6% |
| Gross operating margin | 9900 | €363,646 | €382,223 | +€18,577 | +5.1% |
| Operating profit (loss) | 9901 | €151,547 | €159,169 | +€7,621 | +5.0% |
| Financial income | 75/76B | €3,609 | €5,058 | +€1,449 | +40.2% |
| Recurring financial income | 75 | €3,609 | €5,058 | +€1,449 | +40.2% |
| Financial charges | 65/66B | €46,122 | €44,381 | -€1,742 | -3.8% |
| Recurring financial charges | 65 | €46,122 | €44,381 | -€1,742 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €109,034 | €119,846 | +€10,812 | +9.9% |
| Income taxes | 67/77 | €32,132 | €34,740 | +€2,608 | +8.1% |
| Profit (loss) for the period | 9904 | €76,902 | €85,106 | +€8,204 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,902 | €85,106 | +€8,204 | +10.7% |
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 7 October 2026 via checked.be.