IMSYS: 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.
IMSYS
Largest movements
- Cash -€58,675
down €58,675 (-73.5%), from €79,864 to €21,189
mainly Other debts (-€74,498) and Investment in fixed assets (net) (-€3,122)
- Tangible fixed assets -€10,232
down €10,232 (-2.0%), from €501,483 to €491,251
- Other debts -€74,498
down €74,498 (-70.4%), from €105,767 to €31,269
- Profit (loss) carried forward +€6,081
up €6,081 (+10.1%), from -€59,984 to -€53,902
- Gross operating margin +€8,202
up €8,202 (+37.6%), from €21,797 to €29,998
- Financial charges +€1,841
up €1,841 (+40.3%), from €4,572 to €6,413
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 | €581,987 | €514,121 | -€67,866 | -11.7% |
| Fixed assets | 21/28 | €501,512 | €491,280 | -€10,232 | -2.0% |
| Tangible fixed assets | 22/27 | €501,483 | €491,251 | -€10,232 | -2.0% |
| Land and buildings | 22 | €501,483 | €491,251 | -€10,232 | -2.0% |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €80,475 | €22,841 | -€57,634 | -71.6% |
| Cash at bank and in hand | 54/58 | €79,864 | €21,189 | -€58,675 | -73.5% |
| Deferred charges and accrued income | 490/1 | €610 | €1,652 | +€1,041 | +171% |
| Total equity and liabilities | 10/49 | €581,987 | €514,121 | -€67,866 | -11.7% |
| Equity | 10/15 | €19,108 | €25,190 | +€6,081 | +31.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €17,118 | €17,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €10,921 | €10,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,984 | -€53,902 | +€6,081 | +10.1% |
| Amounts payable | 17/49 | €562,878 | €488,931 | -€73,947 | -13.1% |
| Amounts payable after more than one year | 17 | €455,759 | €455,759 | = | 0.0% |
| Financial debts | 170/4 | €455,759 | €455,759 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,119 | €33,172 | -€73,947 | -69.0% |
| Taxes, remuneration and social security | 45 | €1,352 | €1,903 | +€550 | +40.7% |
| Taxes | 450/3 | €1,352 | €1,903 | +€550 | +40.7% |
| Other amounts payable | 47/48 | €105,767 | €31,269 | -€74,498 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,275 | €13,354 | +€79 | +0.6% |
| Other operating charges | 640/8 | €4,000 | €4,149 | +€149 | +3.7% |
| Gross operating margin | 9900 | €21,797 | €29,998 | +€8,202 | +37.6% |
| Operating profit (loss) | 9901 | €4,522 | €12,495 | +€7,973 | +176% |
| Financial charges | 65/66B | €4,572 | €6,413 | +€1,841 | +40.3% |
| Recurring financial charges | 65 | €4,572 | €6,413 | +€1,841 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€51 | €6,081 | +€6,132 | |
| Profit (loss) for the period | 9904 | -€51 | €6,081 | +€6,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51 | €6,081 | +€6,132 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.