IMSI Consulting: 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.
IMSI Consulting
Largest movements
- Receivables within one year -€79,546
down €79,546 (-30.3%), from €262,203 to €182,657
of which Other amounts receivable: -€79,546
- Cash -€15,316
down €15,316 (-70.9%), from €21,616 to €6,300
mainly Contributions, distributions and other (-€114,092) and Tax, wage and social debts (-€39,911)
- Reserves -€40,212
down €40,212 (-7.9%), from €506,906 to €466,694
- Tax, wage and social debts -€39,911
down €39,911 (-28.3%), from €141,252 to €101,341
- Gross operating margin -€345,046
down €345,046 (-77.2%), from €446,844 to €101,799
- Taxes -€9,664
down €9,664 (-20.1%), from €48,190 to €38,525
- Financial income +€7,953
up €7,953 (+102%), from €7,796 to €15,749
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.
Derived cash bridge
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 | €1,103,581 | €1,013,430 | -€90,151 | -8.2% |
| Fixed assets | 21/28 | €587,763 | €586,712 | -€1,052 | -0.2% |
| Tangible fixed assets | 22/27 | €7,013 | €5,962 | -€1,052 | -15.0% |
| Land and buildings | 22 | €1,941 | €1,461 | -€480 | -24.7% |
| Plant, machinery and equipment | 23 | €1,301 | €1,033 | -€268 | -20.6% |
| Furniture and vehicles | 24 | €3,771 | €3,468 | -€304 | -8.0% |
| Financial fixed assets | 28 | €580,750 | €580,750 | = | 0.0% |
| Current assets | 29/58 | €515,818 | €426,719 | -€89,099 | -17.3% |
| Amounts receivable after more than one year | 29 | €213,635 | €213,635 | = | 0.0% |
| Other amounts receivable | 291 | €213,635 | €213,635 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €262,203 | €182,657 | -€79,546 | -30.3% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €244,053 | €164,507 | -€79,546 | -32.6% |
| Current investments | 50/53 | €453 | €453 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,616 | €6,300 | -€15,316 | -70.9% |
| Deferred charges and accrued income | 490/1 | €17,911 | €23,674 | +€5,763 | +32.2% |
| Total equity and liabilities | 10/49 | €1,103,581 | €1,013,430 | -€90,151 | -8.2% |
| Equity | 10/15 | €854,075 | €813,864 | -€40,212 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €506,906 | €466,694 | -€40,212 | -7.9% |
| Distributable reserves | 133 | €506,906 | €466,694 | -€40,212 | -7.9% |
| Profit (loss) carried forward | 14 | €340,970 | €340,970 | = | 0.0% |
| Amounts payable | 17/49 | €249,506 | €199,566 | -€49,939 | -20.0% |
| Amounts payable within one year | 42/48 | €241,756 | €193,516 | -€48,239 | -20.0% |
| Trade debts | 44 | €504 | €2,857 | +€2,353 | +467% |
| Suppliers | 440/4 | €504 | €2,857 | +€2,353 | +467% |
| Taxes, remuneration and social security | 45 | €141,252 | €101,341 | -€39,911 | -28.3% |
| Taxes | 450/3 | €141,252 | €101,341 | -€39,911 | -28.3% |
| Other amounts payable | 47/48 | €100,000 | €89,318 | -€10,682 | -10.7% |
| Accrued charges and deferred income | 492/3 | €7,750 | €6,050 | -€1,700 | -21.9% |
| Non-recurring operating income | 76A | €332,116 | - | -€332,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,248 | €4,091 | -€157 | -3.7% |
| Other operating charges | 640/8 | €821 | €775 | -€46 | -5.6% |
| Gross operating margin | 9900 | €446,844 | €101,799 | -€345,046 | -77.2% |
| Operating profit (loss) | 9901 | €441,775 | €96,933 | -€344,842 | -78.1% |
| Financial income | 75/76B | €7,796 | €15,749 | +€7,953 | +102% |
| Recurring financial income | 75 | €7,796 | €15,749 | +€7,953 | +102% |
| Financial charges | 65/66B | €642 | €276 | -€366 | -57.1% |
| Recurring financial charges | 65 | €642 | €276 | -€366 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €448,928 | €112,406 | -€336,523 | -75.0% |
| Income taxes | 67/77 | €48,190 | €38,525 | -€9,664 | -20.1% |
| Profit (loss) for the period | 9904 | €400,739 | €73,880 | -€326,859 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €400,739 | €73,880 | -€326,859 | -81.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.