IMTRADEX: 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.
IMTRADEX
Largest movements
- Stocks and contracts +€67,284
up €67,284 (+46.9%), from €143,609 to €210,893
- Receivables within one year +€51,662
up €51,662 (+115%), from €44,951 to €96,614
of which Trade receivables: +€51,222
- Cash -€9,465
down €9,465 (-1.9%), from €504,591 to €495,127
mainly Contributions, distributions and other (-€107,309) and Stocks and contracts (-€67,284)
- Other debts +€80,080
up €80,080 (+300%), from €26,735 to €106,815
- Tax, wage and social debts +€32,772
up €32,772 (+83.5%), from €39,237 to €72,009
of which Taxes: +€29,398
- Accrued charges and deferred income -€12,882
down €12,882 (-78.8%), from €16,338 to €3,456
- Reserves +€9,191
up €9,191 (+2.2%), from €417,215 to €426,407
of which Distributable reserves: +€9,191
- Staff costs +€35,733
up €35,733 (+76.3%), from €46,856 to €82,589
- Financial income -€8,906
down €8,906 (-40.4%), from €22,054 to €13,148
- Gross operating margin -€7,739
down €7,739 (-2.7%), from €286,686 to €278,948
- Taxes -€6,327
down €6,327 (-9.9%), from €63,743 to €57,415
- Financial charges -€3,383
down €3,383 (-10.2%), from €33,081 to €29,698
of which Financial charges: -€2,664
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 | €742,051 | €850,934 | +€108,883 | +14.7% |
| Fixed assets | 21/28 | €47,424 | €48,300 | +€876 | +1.8% |
| Tangible fixed assets | 22/27 | €47,422 | €48,300 | +€879 | +1.9% |
| Land and buildings | 22 | €43,082 | €42,979 | -€103 | -0.2% |
| Furniture and vehicles | 24 | €4,340 | €5,322 | +€981 | +22.6% |
| Financial fixed assets | 28 | €3 | - | -€3 | |
| Current assets | 29/58 | €694,627 | €802,634 | +€108,007 | +15.5% |
| Stocks and contracts in progress | 3 | €143,609 | €210,893 | +€67,284 | +46.9% |
| Stocks | 30/36 | €143,609 | €210,893 | +€67,284 | +46.9% |
| Amounts receivable within one year | 40/41 | €44,951 | €96,614 | +€51,662 | +115% |
| Trade receivables | 40 | €40,493 | €91,715 | +€51,222 | +126% |
| Other amounts receivable | 41 | €4,459 | €4,899 | +€440 | +9.9% |
| Cash at bank and in hand | 54/58 | €504,591 | €495,127 | -€9,465 | -1.9% |
| Deferred charges and accrued income | 490/1 | €1,475 | - | -€1,475 | |
| Total equity and liabilities | 10/49 | €742,051 | €850,934 | +€108,883 | +14.7% |
| Equity | 10/15 | €659,023 | €668,655 | +€9,631 | +1.5% |
| Contributions | 10/11 | €212,273 | €212,273 | = | 0.0% |
| Capital | 10 | €212,273 | €212,273 | = | 0.0% |
| Issued capital | 100 | €212,273 | €212,273 | = | 0.0% |
| Reserves | 13 | €417,215 | €426,407 | +€9,191 | +2.2% |
| Non-distributable reserves | 130/1 | €18,424 | €18,424 | = | 0.0% |
| Legal reserve | 130 | €18,424 | €18,424 | = | 0.0% |
| Distributable reserves | 133 | €398,792 | €407,983 | +€9,191 | +2.3% |
| Profit (loss) carried forward | 14 | €29,534 | €29,975 | +€440 | +1.5% |
| Amounts payable | 17/49 | €83,028 | €182,280 | +€99,252 | +120% |
| Amounts payable within one year | 42/48 | €66,690 | €178,824 | +€112,134 | +168% |
| Trade debts | 44 | €719 | - | -€719 | |
| Suppliers | 440/4 | €719 | - | -€719 | |
| Taxes, remuneration and social security | 45 | €39,237 | €72,009 | +€32,772 | +83.5% |
| Taxes | 450/3 | €18,839 | €48,236 | +€29,398 | +156% |
| Remuneration and social security | 454/9 | €20,398 | €23,773 | +€3,375 | +16.5% |
| Other amounts payable | 47/48 | €26,735 | €106,815 | +€80,080 | +300% |
| Accrued charges and deferred income | 492/3 | €16,338 | €3,456 | -€12,882 | -78.8% |
| Non-recurring operating income | 76A | €4,385 | €1,735 | -€2,650 | -60.4% |
| Remuneration, social security and pensions | 62 | €46,856 | €82,589 | +€35,733 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,646 | €2,019 | -€627 | -23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,525 | -€164 | +€1,361 | +89.3% |
| Other operating charges | 640/8 | €3,857 | €3,598 | -€259 | -6.7% |
| Non-recurring operating charges | 66A | €719 | - | -€719 | |
| Gross operating margin | 9900 | €286,686 | €278,948 | -€7,739 | -2.7% |
| Operating profit (loss) | 9901 | €234,133 | €190,906 | -€43,227 | -18.5% |
| Financial income | 75/76B | €22,054 | €13,148 | -€8,906 | -40.4% |
| Recurring financial income | 75 | €22,054 | €13,148 | -€8,906 | -40.4% |
| Financial charges | 65/66B | €33,081 | €29,698 | -€3,383 | -10.2% |
| Recurring financial charges | 65 | €33,081 | €30,417 | -€2,664 | -8.1% |
| Non-recurring financial charges | 66B | - | -€719 | -€719 | |
| Profit (loss) for the period before taxes | 9903 | €223,106 | €174,356 | -€48,751 | -21.9% |
| Income taxes | 67/77 | €63,743 | €57,415 | -€6,327 | -9.9% |
| Profit (loss) for the period | 9904 | €159,364 | €116,940 | -€42,423 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,364 | €116,940 | -€42,423 | -26.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.