IMUSTBE: 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.
IMUSTBE
Largest movements
- Cash -€6,220
down €6,220 (-86.1%), from €7,221 to €1,001
mainly Receivables within one year (-€4,098) and Trade debts (-€870)
- Receivables within one year +€4,098
up €4,098 (+8.2%), from €49,791 to €53,889
of which Trade receivables: +€3,962
- Trade debts -€870
down €870 (-36.9%), from €2,360 to €1,489
- Tax, wage and social debts -€806
down €806 (-39.2%), from €2,056 to €1,249
- Gross operating margin +€3,059
up €3,059 (+96.3%), from -€3,174 to -€116
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 | €57,012 | €54,890 | -€2,122 | -3.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €57,012 | €54,890 | -€2,122 | -3.7% |
| Amounts receivable within one year | 40/41 | €49,791 | €53,889 | +€4,098 | +8.2% |
| Trade receivables | 40 | €49,791 | €53,754 | +€3,962 | +8.0% |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Cash at bank and in hand | 54/58 | €7,221 | €1,001 | -€6,220 | -86.1% |
| Total equity and liabilities | 10/49 | €57,012 | €54,890 | -€2,122 | -3.7% |
| Equity | 10/15 | €52,597 | €52,151 | -€446 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,860 | €14,860 | = | 0.0% |
| Distributable reserves | 133 | €14,860 | €14,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,137 | €18,691 | -€446 | -2.3% |
| Amounts payable | 17/49 | €4,415 | €2,739 | -€1,676 | -38.0% |
| Amounts payable within one year | 42/48 | €4,415 | €2,739 | -€1,676 | -38.0% |
| Trade debts | 44 | €2,360 | €1,489 | -€870 | -36.9% |
| Suppliers | 440/4 | €2,360 | €1,489 | -€870 | -36.9% |
| Taxes, remuneration and social security | 45 | €2,056 | €1,249 | -€806 | -39.2% |
| Taxes | 450/3 | €2,056 | €1,249 | -€806 | -39.2% |
| Other operating charges | 640/8 | €191 | €194 | +€3 | +1.6% |
| Gross operating margin | 9900 | -€3,174 | -€116 | +€3,059 | +96.3% |
| Operating profit (loss) | 9901 | -€3,365 | -€309 | +€3,056 | +90.8% |
| Financial income | 75/76B | €61 | €79 | +€18 | +30.1% |
| Recurring financial income | 75 | €61 | €79 | +€18 | +30.1% |
| Financial charges | 65/66B | €202 | €215 | +€13 | +6.6% |
| Recurring financial charges | 65 | €202 | €215 | +€13 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,506 | -€446 | +€3,060 | +87.3% |
| Profit (loss) for the period | 9904 | -€3,506 | -€446 | +€3,060 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,506 | -€446 | +€3,060 | +87.3% |
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 18 October 2026 via checked.be.