IMSHIP: 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.
IMSHIP
Largest movements
- Receivables within one year -€10,959
down €10,959 (-71.3%), from €15,376 to €4,418
of which Trade receivables: -€10,189
- Cash -€1,411
down €1,411 (-5.0%), from €28,312 to €26,901
mainly Net result for the year (-€10,227) and Trade debts (-€4,255)
- Profit (loss) carried forward -€7,956
new in 2025: -€7,956
- Trade debts -€4,255
down €4,255 (-21.7%), from €19,615 to €15,360
- Short-term financial debts +€2,432
new in 2025: €2,432
- Reserves -€2,271
down €2,271 (-83.5%), from €2,721 to €450
- Gross operating margin -€14,316
down €14,316, from €5,609 to -€8,707
- Taxes -€2,448
down €2,448 (-100.0%), from €2,448 to €0
- Other operating charges -€225
down €225 (-19.1%), from €1,178 to €954
- Financial charges +€179
up €179 (+46.3%), from €387 to €566
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 | €43,688 | €31,318 | -€12,370 | -28.3% |
| Current assets | 29/58 | €43,688 | €31,318 | -€12,370 | -28.3% |
| Amounts receivable within one year | 40/41 | €15,376 | €4,418 | -€10,959 | -71.3% |
| Trade receivables | 40 | €14,389 | €4,200 | -€10,189 | -70.8% |
| Other amounts receivable | 41 | €988 | €218 | -€770 | -78.0% |
| Cash at bank and in hand | 54/58 | €28,312 | €26,901 | -€1,411 | -5.0% |
| Total equity and liabilities | 10/49 | €43,688 | €31,318 | -€12,370 | -28.3% |
| Equity | 10/15 | €21,271 | €11,044 | -€10,227 | -48.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,721 | €450 | -€2,271 | -83.5% |
| Distributable reserves | 133 | €2,721 | €450 | -€2,271 | -83.5% |
| Profit (loss) carried forward | 14 | - | -€7,956 | -€7,956 | |
| Amounts payable | 17/49 | €22,417 | €20,274 | -€2,143 | -9.6% |
| Amounts payable within one year | 42/48 | €22,417 | €20,274 | -€2,143 | -9.6% |
| Financial debts | 43 | - | €2,432 | +€2,432 | |
| Credit institutions | 430/8 | - | €2,432 | +€2,432 | |
| Trade debts | 44 | €19,615 | €15,360 | -€4,255 | -21.7% |
| Suppliers | 440/4 | €19,615 | €15,360 | -€4,255 | -21.7% |
| Taxes, remuneration and social security | 45 | €2,802 | €2,482 | -€320 | -11.4% |
| Taxes | 450/3 | €2,802 | €2,482 | -€320 | -11.4% |
| Other operating charges | 640/8 | €1,178 | €954 | -€225 | -19.1% |
| Gross operating margin | 9900 | €5,609 | -€8,707 | -€14,316 | |
| Operating profit (loss) | 9901 | €4,431 | -€9,661 | -€14,091 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €387 | €566 | +€179 | +46.3% |
| Recurring financial charges | 65 | €387 | €566 | +€179 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €4,047 | -€10,227 | -€14,274 | |
| Income taxes | 67/77 | €2,448 | €0 | -€2,448 | -100.0% |
| Profit (loss) for the period | 9904 | €1,599 | -€10,227 | -€11,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,599 | -€10,227 | -€11,826 |
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 4 October 2026 via checked.be.