IMSUN: 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.
IMSUN
Largest movements
- Cash -€91,690
down €91,690 (-22.2%), from €412,338 to €320,648
mainly Tax, wage and social debts (-€92,800) and Other debts (-€8,530)
- Receivables within one year -€8,339
down €8,339 (-93.2%), from €8,951 to €612
- Tax, wage and social debts -€92,800
down €92,800 (-100%), from €92,800 to €0
- Other debts -€8,530
down €8,530 (-100%), from €8,530 to €0
- Gross operating margin +€3,277
up €3,277, from -€369 to €2,908
- Taxes +€1,625
up €1,625, from -€1,625 to €0
- Other operating charges -€647
down €647 (-18.4%), from €3,516 to €2,868
- Financial income -€612
down €612 (-24.1%), from €2,541 to €1,928
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 | €558,739 | €453,219 | -€105,520 | -18.9% |
| Fixed assets | 21/28 | €137,449 | €131,958 | -€5,491 | -4.0% |
| Tangible fixed assets | 22/27 | €137,449 | €131,958 | -€5,491 | -4.0% |
| Land and buildings | 22 | €137,449 | €131,958 | -€5,491 | -4.0% |
| Current assets | 29/58 | €421,290 | €321,261 | -€100,029 | -23.7% |
| Amounts receivable within one year | 40/41 | €8,951 | €612 | -€8,339 | -93.2% |
| Other amounts receivable | 41 | €8,951 | €612 | -€8,339 | -93.2% |
| Cash at bank and in hand | 54/58 | €412,338 | €320,648 | -€91,690 | -22.2% |
| Total equity and liabilities | 10/49 | €558,739 | €453,219 | -€105,520 | -18.9% |
| Equity | 10/15 | €436,061 | €433,392 | -€2,669 | -0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €374,061 | €371,392 | -€2,669 | -0.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,870 | €51,220 | -€2,649 | -4.9% |
| Distributable reserves | 133 | €313,991 | €313,972 | -€20 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,957 | €17,073 | -€883 | -4.9% |
| Deferred taxes | 168 | €17,957 | €17,073 | -€883 | -4.9% |
| Amounts payable | 17/49 | €104,721 | €2,754 | -€101,967 | -97.4% |
| Amounts payable within one year | 42/48 | €104,721 | €2,754 | -€101,967 | -97.4% |
| Trade debts | 44 | €3,391 | €2,754 | -€637 | -18.8% |
| Suppliers | 440/4 | €3,391 | €2,754 | -€637 | -18.8% |
| Taxes, remuneration and social security | 45 | €92,800 | €0 | -€92,800 | -100% |
| Taxes | 450/3 | €92,800 | €0 | -€92,800 | -100% |
| Other amounts payable | 47/48 | €8,530 | €0 | -€8,530 | -100% |
| Non-recurring operating income | 76A | €0 | €2,272 | +€2,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,491 | €5,491 | = | 0.0% |
| Other operating charges | 640/8 | €3,516 | €2,868 | -€647 | -18.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€369 | €2,908 | +€3,277 | |
| Operating profit (loss) | 9901 | -€9,375 | -€5,451 | +€3,924 | +41.9% |
| Financial income | 75/76B | €2,541 | €1,928 | -€612 | -24.1% |
| Recurring financial income | 75 | €2,541 | €1,928 | -€612 | -24.1% |
| Financial charges | 65/66B | €46 | €30 | -€16 | -34.5% |
| Recurring financial charges | 65 | €46 | €30 | -€16 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,880 | -€3,552 | +€3,328 | +48.4% |
| Transfer from deferred taxes | 780 | €883 | €883 | = | 0.0% |
| Income taxes | 67/77 | -€1,625 | €0 | +€1,625 | |
| Profit (loss) for the period | 9904 | -€4,372 | -€2,669 | +€1,703 | +38.9% |
| Transfer from tax-exempt reserves | 789 | €2,649 | €2,649 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,723 | -€20 | +€1,703 | +98.8% |
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 15 October 2026 via checked.be.