IMSéCO: 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.
IMSéCO
Largest movements
- Cash -€6,466
down €6,466 (-55.0%), from €11,764 to €5,298
mainly Net result for the year (-€5,858) and Trade debts (-€2,057)
- Receivables within one year -€2,531
down €2,531 (-36.5%), from €6,940 to €4,409
of which Trade receivables: -€2,239
- Tangible fixed assets -€329
down €329 (-54.4%), from €604 to €275
- Profit (loss) carried forward -€5,858
down €5,858 (-67.0%), from -€8,748 to -€14,606
- Trade debts -€2,057
down €2,057 (-34.0%), from €6,046 to €3,989
- Other debts -€710
down €710 (-28.6%), from €2,482 to €1,772
- Tax, wage and social debts -€701
down €701 (-10.0%), from €7,027 to €6,326
- Gross operating margin -€16,240
down €16,240, from €11,133 to -€5,107
- Other operating charges -€345
no longer reported in 2024 (was €345)
- Taxes +€159
up €159 (+84.0%), from €189 to €349
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,308 | €9,983 | -€9,325 | -48.3% |
| Fixed assets | 21/28 | €604 | €275 | -€329 | -54.4% |
| Tangible fixed assets | 22/27 | €604 | €275 | -€329 | -54.4% |
| Furniture and vehicles | 24 | €604 | €275 | -€329 | -54.4% |
| Current assets | 29/58 | €18,704 | €9,707 | -€8,997 | -48.1% |
| Amounts receivable within one year | 40/41 | €6,940 | €4,409 | -€2,531 | -36.5% |
| Trade receivables | 40 | €6,648 | €4,409 | -€2,239 | -33.7% |
| Other amounts receivable | 41 | €292 | €0 | -€292 | -99.9% |
| Cash at bank and in hand | 54/58 | €11,764 | €5,298 | -€6,466 | -55.0% |
| Total equity and liabilities | 10/49 | €19,308 | €9,983 | -€9,325 | -48.3% |
| Equity | 10/15 | €3,754 | -€2,104 | -€5,858 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,302 | €6,302 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,442 | €4,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,748 | -€14,606 | -€5,858 | -67.0% |
| Amounts payable | 17/49 | €15,554 | €12,087 | -€3,468 | -22.3% |
| Amounts payable within one year | 42/48 | €15,554 | €12,087 | -€3,468 | -22.3% |
| Trade debts | 44 | €6,046 | €3,989 | -€2,057 | -34.0% |
| Suppliers | 440/4 | €6,046 | €3,989 | -€2,057 | -34.0% |
| Taxes, remuneration and social security | 45 | €7,027 | €6,326 | -€701 | -10.0% |
| Taxes | 450/3 | €7,027 | €6,326 | -€701 | -10.0% |
| Other amounts payable | 47/48 | €2,482 | €1,772 | -€710 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €329 | = | 0.0% |
| Other operating charges | 640/8 | €345 | - | -€345 | |
| Gross operating margin | 9900 | €11,133 | -€5,107 | -€16,240 | |
| Operating profit (loss) | 9901 | €10,460 | -€5,435 | -€15,896 | |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €10,391 | -€5,509 | -€15,900 | |
| Income taxes | 67/77 | €189 | €349 | +€159 | +84.0% |
| Profit (loss) for the period | 9904 | €10,202 | -€5,858 | -€16,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,202 | -€5,858 | -€16,059 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.