IMTRANS: 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.
IMTRANS
Largest movements
- Receivables within one year +€47,891
up €47,891 (+21.8%), from €219,862 to €267,753
of which Other amounts receivable: +€41,182
- Cash +€28,492
up €28,492 (+27.7%), from €102,771 to €131,263
mainly Net result for the year (+€51,384) and Depreciation (+€34,401)
- Tangible fixed assets -€20,068
down €20,068 (-25.1%), from €80,106 to €60,038
of which Furniture and vehicles: -€17,119
- Deferred charges and accrued income -€5,912
down €5,912 (-90.2%), from €6,558 to €646
- Other debts +€26,600
up €26,600 (+49.5%), from €53,750 to €80,350
- Profit (loss) carried forward +€11,384
up €11,384 (+4.4%), from €257,431 to €268,816
- Trade debts +€6,278
up €6,278 (+16.9%), from €37,129 to €43,407
- Tax, wage and social debts +€6,141
up €6,141 (+16.3%), from €37,769 to €43,910
of which Taxes: +€8,400
- Staff costs -€41,031
down €41,031 (-18.7%), from €219,547 to €178,516
- Taxes +€36,688
new in 2025: €36,688
- Gross operating margin -€29,868
down €29,868 (-8.9%), from €335,618 to €305,750
- Financial charges -€15,026
down €15,026 (-96.0%), from €15,658 to €632
of which Non-recurring financial charges: -€13,866
- Financial income -€6,997
down €6,997 (-99.9%), from €7,002 to €6
of which Non-recurring financial income: -€7,000
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 | €434,290 | €484,693 | +€50,403 | +11.6% |
| Fixed assets | 21/28 | €105,099 | €85,032 | -€20,068 | -19.1% |
| Tangible fixed assets | 22/27 | €80,106 | €60,038 | -€20,068 | -25.1% |
| Plant, machinery and equipment | 23 | €469 | €1,141 | +€671 | +143.0% |
| Furniture and vehicles | 24 | €45,708 | €28,589 | -€17,119 | -37.5% |
| Other tangible fixed assets | 26 | €33,928 | €30,308 | -€3,620 | -10.7% |
| Financial fixed assets | 28 | €24,993 | €24,993 | = | 0.0% |
| Current assets | 29/58 | €329,190 | €399,661 | +€70,471 | +21.4% |
| Amounts receivable within one year | 40/41 | €219,862 | €267,753 | +€47,891 | +21.8% |
| Trade receivables | 40 | €25,126 | €31,835 | +€6,709 | +26.7% |
| Other amounts receivable | 41 | €194,736 | €235,918 | +€41,182 | +21.1% |
| Cash at bank and in hand | 54/58 | €102,771 | €131,263 | +€28,492 | +27.7% |
| Deferred charges and accrued income | 490/1 | €6,558 | €646 | -€5,912 | -90.2% |
| Total equity and liabilities | 10/49 | €434,290 | €484,693 | +€50,403 | +11.6% |
| Equity | 10/15 | €296,641 | €308,026 | +€11,384 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,431 | €268,816 | +€11,384 | +4.4% |
| Amounts payable | 17/49 | €137,648 | €176,667 | +€39,019 | +28.3% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 170/4 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,648 | €167,667 | +€39,019 | +30.3% |
| Trade debts | 44 | €37,129 | €43,407 | +€6,278 | +16.9% |
| Suppliers | 440/4 | €37,129 | €43,407 | +€6,278 | +16.9% |
| Taxes, remuneration and social security | 45 | €37,769 | €43,910 | +€6,141 | +16.3% |
| Taxes | 450/3 | €11,250 | €19,650 | +€8,400 | +74.7% |
| Remuneration and social security | 454/9 | €26,519 | €24,260 | -€2,259 | -8.5% |
| Other amounts payable | 47/48 | €53,750 | €80,350 | +€26,600 | +49.5% |
| Remuneration, social security and pensions | 62 | €219,547 | €178,516 | -€41,031 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,917 | €34,401 | +€2,483 | +7.8% |
| Other operating charges | 640/8 | €1,186 | €3,696 | +€2,511 | +211.8% |
| Non-recurring operating charges | 66A | €2,077 | €438 | -€1,639 | -78.9% |
| Gross operating margin | 9900 | €335,618 | €305,750 | -€29,868 | -8.9% |
| Operating profit (loss) | 9901 | €80,891 | €88,699 | +€7,808 | +9.7% |
| Financial income | 75/76B | €7,002 | €6 | -€6,997 | -99.9% |
| Recurring financial income | 75 | €2 | €6 | +€3 | +160.7% |
| Non-recurring financial income | 76B | €7,000 | - | -€7,000 | |
| Financial charges | 65/66B | €15,658 | €632 | -€15,026 | -96.0% |
| Recurring financial charges | 65 | €1,792 | €632 | -€1,160 | -64.7% |
| Non-recurring financial charges | 66B | €13,866 | - | -€13,866 | |
| Profit (loss) for the period before taxes | 9903 | €72,236 | €88,073 | +€15,837 | +21.9% |
| Income taxes | 67/77 | - | €36,688 | +€36,688 | |
| Profit (loss) for the period | 9904 | €72,236 | €51,384 | -€20,851 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,236 | €51,384 | -€20,851 | -28.9% |
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 7 October 2026 via checked.be.