IMV: 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.
IMV
Largest movements
- Receivables within one year +€28,906
up €28,906 (+64.2%), from €44,990 to €73,896
of which Trade receivables: +€29,219
- Cash -€25,847
down €25,847 (-82.8%), from €31,214 to €5,367
mainly Net result for the year (-€30,632) and Receivables within one year (-€28,906)
- Tangible fixed assets -€18,760
down €18,760 (-27.8%), from €67,429 to €48,670
of which Furniture and vehicles: -€11,938
- Stocks and contracts +€2,472
up €2,472 (+21.9%), from €11,263 to €13,735
- Profit (loss) carried forward -€30,632
down €30,632 (-111.3%), from -€27,525 to -€58,157
- Trade debts +€21,695
up €21,695 (+139.7%), from €15,535 to €37,229
- Debts after one year -€15,664
down €15,664 (-32.2%), from €48,656 to €32,992
- Other debts +€3,653
up €3,653, from €0 to €3,653
- Accrued charges and deferred income +€3,435
up €3,435 (+230.5%), from €1,490 to €4,924
- Staff costs +€38,077
up €38,077 (+536.7%), from €7,095 to €45,172
- Gross operating margin +€33,160
up €33,160 (+639.2%), from €5,188 to €38,348
- Financial charges -€782
down €782 (-24.0%), from €3,255 to €2,473
- Financial income -€749
down €749 (-81.0%), from €925 to €176
- Other operating charges -€409
down €409 (-14.9%), from €2,751 to €2,343
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 | €160,551 | €146,961 | -€13,590 | -8.5% |
| Fixed assets | 21/28 | €69,497 | €50,737 | -€18,760 | -27.0% |
| Tangible fixed assets | 22/27 | €67,429 | €48,670 | -€18,760 | -27.8% |
| Land and buildings | 22 | €4,896 | €4,624 | -€272 | -5.6% |
| Plant, machinery and equipment | 23 | €29,771 | €23,222 | -€6,549 | -22.0% |
| Furniture and vehicles | 24 | €32,762 | €20,824 | -€11,938 | -36.4% |
| Financial fixed assets | 28 | €2,067 | €2,067 | = | 0.0% |
| Current assets | 29/58 | €91,054 | €96,224 | +€5,170 | +5.7% |
| Stocks and contracts in progress | 3 | €11,263 | €13,735 | +€2,472 | +21.9% |
| Stocks | 30/36 | €11,263 | €13,735 | +€2,472 | +21.9% |
| Amounts receivable within one year | 40/41 | €44,990 | €73,896 | +€28,906 | +64.2% |
| Trade receivables | 40 | €44,241 | €73,460 | +€29,219 | +66.0% |
| Other amounts receivable | 41 | €750 | €437 | -€313 | -41.7% |
| Cash at bank and in hand | 54/58 | €31,214 | €5,367 | -€25,847 | -82.8% |
| Deferred charges and accrued income | 490/1 | €3,587 | €3,226 | -€361 | -10.1% |
| Total equity and liabilities | 10/49 | €160,551 | €146,961 | -€13,590 | -8.5% |
| Equity | 10/15 | €68,482 | €37,850 | -€30,632 | -44.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,807 | €89,807 | = | 0.0% |
| Distributable reserves | 133 | €89,807 | €89,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,525 | -€58,157 | -€30,632 | -111.3% |
| Amounts payable | 17/49 | €92,069 | €109,111 | +€17,042 | +18.5% |
| Amounts payable after more than one year | 17 | €48,656 | €32,992 | -€15,664 | -32.2% |
| Financial debts | 170/4 | €48,656 | €32,992 | -€15,664 | -32.2% |
| Amounts payable within one year | 42/48 | €41,923 | €71,195 | +€29,271 | +69.8% |
| Current portion of amounts payable after more than one year | 42 | €15,134 | €15,664 | +€530 | +3.5% |
| Trade debts | 44 | €15,535 | €37,229 | +€21,695 | +139.7% |
| Suppliers | 440/4 | €15,535 | €37,229 | +€21,695 | +139.7% |
| Taxes, remuneration and social security | 45 | €11,255 | €14,649 | +€3,394 | +30.2% |
| Taxes | 450/3 | €8,974 | €5,969 | -€3,005 | -33.5% |
| Remuneration and social security | 454/9 | €2,281 | €8,679 | +€6,398 | +280.5% |
| Other amounts payable | 47/48 | €0 | €3,653 | +€3,653 | |
| Accrued charges and deferred income | 492/3 | €1,490 | €4,924 | +€3,435 | +230.5% |
| Remuneration, social security and pensions | 62 | €7,095 | €45,172 | +€38,077 | +536.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,892 | €18,760 | -€133 | -0.7% |
| Other operating charges | 640/8 | €2,751 | €2,343 | -€409 | -14.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €5,188 | €38,348 | +€33,160 | +639.2% |
| Operating profit (loss) | 9901 | -€23,551 | -€27,926 | -€4,375 | -18.6% |
| Financial income | 75/76B | €925 | €176 | -€749 | -81.0% |
| Recurring financial income | 75 | €925 | €176 | -€749 | -81.0% |
| Financial charges | 65/66B | €3,255 | €2,473 | -€782 | -24.0% |
| Recurring financial charges | 65 | €3,255 | €2,473 | -€782 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,881 | -€30,222 | -€4,342 | -16.8% |
| Income taxes | 67/77 | €393 | €410 | +€16 | +4.2% |
| Profit (loss) for the period | 9904 | -€26,274 | -€30,632 | -€4,358 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,274 | -€30,632 | -€4,358 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.