IMVULA: 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.
IMVULA
Largest movements
- Cash +€118,235
up €118,235 (+194.6%), from €60,756 to €178,990
mainly Net result for the year (+€108,010) and Tax, wage and social debts (+€15,655)
- Tangible fixed assets -€10,401
down €10,401 (-79.4%), from €13,106 to €2,705
of which Plant, machinery and equipment: -€9,073
- Receivables within one year -€9,551
down €9,551 (-63.8%), from €14,959 to €5,408
of which Other amounts receivable: -€10,445
- Profit (loss) carried forward +€108,010
up €108,010 (+192.1%), from €56,239 to €164,249
- Other debts -€24,469
down €24,469 (-90.8%), from €26,953 to €2,484
- Tax, wage and social debts +€15,655
up €15,655 (+20150.6%), from €78 to €15,733
- Gross operating margin +€209,024
up €209,024, from -€83,912 to €125,112
- Taxes +€7,776
up €7,776 (+1544.2%), from €504 to €8,279
- Depreciation -€3,293
down €3,293 (-55.5%), from €5,935 to €2,641
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 | €90,197 | €188,902 | +€98,705 | +109.4% |
| Fixed assets | 21/28 | €13,197 | €2,796 | -€10,401 | -78.8% |
| Tangible fixed assets | 22/27 | €13,106 | €2,705 | -€10,401 | -79.4% |
| Plant, machinery and equipment | 23 | €11,738 | €2,665 | -€9,073 | -77.3% |
| Furniture and vehicles | 24 | €1,368 | €40 | -€1,328 | -97.1% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €77,000 | €186,106 | +€109,105 | +141.7% |
| Amounts receivable within one year | 40/41 | €14,959 | €5,408 | -€9,551 | -63.8% |
| Trade receivables | 40 | €1,298 | €2,192 | +€894 | +68.8% |
| Other amounts receivable | 41 | €13,661 | €3,217 | -€10,445 | -76.5% |
| Cash at bank and in hand | 54/58 | €60,756 | €178,990 | +€118,235 | +194.6% |
| Deferred charges and accrued income | 490/1 | €1,285 | €1,707 | +€422 | +32.8% |
| Total equity and liabilities | 10/49 | €90,197 | €188,902 | +€98,705 | +109.4% |
| Equity | 10/15 | €61,239 | €169,249 | +€108,010 | +176.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,239 | €164,249 | +€108,010 | +192.1% |
| Amounts payable | 17/49 | €28,958 | €19,653 | -€9,306 | -32.1% |
| Amounts payable within one year | 42/48 | €28,880 | €19,653 | -€9,227 | -31.9% |
| Trade debts | 44 | €1,849 | €1,436 | -€413 | -22.3% |
| Suppliers | 440/4 | €1,849 | €1,436 | -€413 | -22.3% |
| Taxes, remuneration and social security | 45 | €78 | €15,733 | +€15,655 | +20150.6% |
| Taxes | 450/3 | €78 | €15,733 | +€15,655 | +20150.6% |
| Other amounts payable | 47/48 | €26,953 | €2,484 | -€24,469 | -90.8% |
| Accrued charges and deferred income | 492/3 | €79 | €0 | -€79 | -100.0% |
| Non-recurring operating income | 76A | - | €299 | +€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,935 | €2,641 | -€3,293 | -55.5% |
| Other operating charges | 640/8 | €2,451 | €2,897 | +€447 | +18.2% |
| Non-recurring operating charges | 66A | - | €2,238 | +€2,238 | |
| Gross operating margin | 9900 | -€83,912 | €125,112 | +€209,024 | |
| Operating profit (loss) | 9901 | -€92,297 | €117,335 | +€209,633 | |
| Financial income | 75/76B | €924 | €132 | -€792 | -85.7% |
| Recurring financial income | 75 | €924 | €132 | -€792 | -85.7% |
| Financial charges | 65/66B | €1,971 | €1,178 | -€793 | -40.2% |
| Recurring financial charges | 65 | €1,971 | €1,178 | -€793 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€93,344 | €116,290 | +€209,634 | |
| Income taxes | 67/77 | €504 | €8,279 | +€7,776 | +1544.2% |
| Profit (loss) for the period | 9904 | -€93,848 | €108,010 | +€201,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,848 | €108,010 | +€201,858 |
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 30 September 2026 via checked.be.