IMSOL: 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.
IMSOL
Largest movements
- Current investments +€300,000
up €300,000 (+50.0%), from €600,000 to €900,000
- Receivables after one year -€209,143
down €209,143 (-5.1%), from €4.1m to €3.9m
- Cash +€167,500
up €167,500 (+120.6%), from €138,940 to €306,440
mainly Net result for the year (+€274,668) and Receivables after one year (+€209,143)
- Profit (loss) carried forward +€260,935
up €260,935 (+28.9%), from €902,892 to €1.2m
- Financial income -€627,730
down €627,730 (-67.7%), from €926,545 to €298,814
of which Non-recurring financial income: -€641,477
- Financial charges -€109,131
down €109,131 (-90.6%), from €120,403 to €11,272
- Gross operating margin -€62,589
down €62,589 (-90.5%), from €69,196 to €6,608
- Turnover -€62,140
down €62,140 (-63.6%), from €97,628 to €35,489
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 | €5,746,628 | €5,964,356 | +€217,727 | +3.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €628,339 | €613,031 | -€15,308 | -2.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €628,339 | €613,031 | -€15,308 | -2.4% |
| Land and buildings | 22 | €628,339 | €613,031 | -€15,308 | -2.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,118,289 | €5,351,325 | +€233,036 | +4.6% |
| Amounts receivable after more than one year | 29 | €4,132,264 | €3,923,120 | -€209,143 | -5.1% |
| Other amounts receivable | 291 | €4,132,264 | €3,923,120 | -€209,143 | -5.1% |
| Amounts receivable within one year | 40/41 | €243,821 | €218,657 | -€25,164 | -10.3% |
| Trade receivables | 40 | €384 | €4,952 | +€4,568 | +1189.6% |
| Other amounts receivable | 41 | €243,437 | €213,705 | -€29,732 | -12.2% |
| Current investments | 50/53 | €600,000 | €900,000 | +€300,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €138,940 | €306,440 | +€167,500 | +120.6% |
| Deferred charges and accrued income | 490/1 | €3,265 | €3,107 | -€157 | -4.8% |
| Total equity and liabilities | 10/49 | €5,746,628 | €5,964,356 | +€217,727 | +3.8% |
| Equity | 10/15 | €5,350,726 | €5,625,394 | +€274,668 | +5.1% |
| Contributions | 10/11 | €4,362,387 | €4,362,387 | = | 0.0% |
| Capital | 10 | €4,362,387 | €4,362,387 | = | 0.0% |
| Issued capital | 100 | €4,362,387 | €4,362,387 | = | 0.0% |
| Reserves | 13 | €85,447 | €99,180 | +€13,733 | +16.1% |
| Non-distributable reserves | 130/1 | €85,447 | €99,180 | +€13,733 | +16.1% |
| Legal reserve | 130 | €85,447 | €99,180 | +€13,733 | +16.1% |
| Profit (loss) carried forward | 14 | €902,892 | €1,163,826 | +€260,935 | +28.9% |
| Amounts payable | 17/49 | €395,903 | €338,962 | -€56,941 | -14.4% |
| Amounts payable after more than one year | 17 | €332,725 | €279,867 | -€52,858 | -15.9% |
| Financial debts | 170/4 | €332,725 | €279,867 | -€52,858 | -15.9% |
| Amounts payable within one year | 42/48 | €52,271 | €58,163 | +€5,893 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €50,921 | €52,858 | +€1,937 | +3.8% |
| Trade debts | 44 | €1,177 | €4,855 | +€3,678 | +312.5% |
| Suppliers | 440/4 | €1,177 | €4,855 | +€3,678 | +312.5% |
| Taxes, remuneration and social security | 45 | €172 | €450 | +€278 | +161.4% |
| Taxes | 450/3 | €172 | €450 | +€278 | +161.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,908 | €932 | -€9,975 | -91.5% |
| Turnover | 70 | €97,628 | €35,489 | -€62,140 | -63.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,432 | €28,881 | +€449 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,308 | €15,308 | = | 0.0% |
| Other operating charges | 640/8 | €4,460 | €4,174 | -€287 | -6.4% |
| Non-recurring operating charges | 66A | €4,245 | - | -€4,245 | |
| Gross operating margin | 9900 | €69,196 | €6,608 | -€62,589 | -90.5% |
| Operating profit (loss) | 9901 | €45,182 | -€12,874 | -€58,056 | |
| Financial income | 75/76B | €926,545 | €298,814 | -€627,730 | -67.7% |
| Recurring financial income | 75 | €285,067 | €298,814 | +€13,747 | +4.8% |
| Non-recurring financial income | 76B | €641,477 | - | -€641,477 | |
| Financial charges | 65/66B | €120,403 | €11,272 | -€109,131 | -90.6% |
| Recurring financial charges | 65 | €120,403 | €11,272 | -€109,131 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €851,324 | €274,668 | -€576,656 | -67.7% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €851,324 | €274,668 | -€576,656 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €851,324 | €274,668 | -€576,656 | -67.7% |
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 5 October 2026 via checked.be.