IMXHO'51: what changed
IMXHO'51
Largest movements
- Tangible fixed assets -€16,577
down €16,577 (-5.3%), from €312,056 to €295,479
- Cash +€6,741
up €6,741 (+251%), from €2,689 to €9,430
mainly Depreciation (+€16,577) and Deferred charges and accrued income (+€2,981)
- Debts after one year -€10,454
down €10,454 (-44.3%), from €23,597 to €13,143
- Other debts -€4,000
down €4,000 (-5.3%), from €75,550 to €71,550
- Gross operating margin +€4,847
up €4,847 (+21.9%), from €22,158 to €27,005
- Financial charges -€328
down €328 (-7.6%), from €4,295 to €3,968
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,758 | €305,940 | -€12,817 | -4.0% |
| Fixed assets | 21/28 | €312,056 | €295,479 | -€16,577 | -5.3% |
| Tangible fixed assets | 22/27 | €312,056 | €295,479 | -€16,577 | -5.3% |
| Land and buildings | 22 | €312,056 | €295,479 | -€16,577 | -5.3% |
| Current assets | 29/58 | €6,702 | €10,462 | +€3,760 | +56.1% |
| Cash at bank and in hand | 54/58 | €2,689 | €9,430 | +€6,741 | +251% |
| Deferred charges and accrued income | 490/1 | €4,013 | €1,032 | -€2,981 | -74.3% |
| Total equity and liabilities | 10/49 | €318,758 | €305,940 | -€12,817 | -4.0% |
| Equity | 10/15 | €204,768 | €206,103 | +€1,335 | +0.7% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,232 | -€128,897 | +€1,335 | +1.0% |
| Amounts payable | 17/49 | €113,990 | €99,838 | -€14,152 | -12.4% |
| Amounts payable after more than one year | 17 | €23,597 | €13,143 | -€10,454 | -44.3% |
| Financial debts | 170/4 | €23,597 | €13,143 | -€10,454 | -44.3% |
| Amounts payable within one year | 42/48 | €87,296 | €83,625 | -€3,671 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €10,155 | €10,454 | +€299 | +2.9% |
| Trade debts | 44 | €1,591 | €1,621 | +€30 | +1.9% |
| Suppliers | 440/4 | €1,591 | €1,621 | +€30 | +1.9% |
| Other amounts payable | 47/48 | €75,550 | €71,550 | -€4,000 | -5.3% |
| Accrued charges and deferred income | 492/3 | €3,097 | €3,070 | -€27 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,577 | €16,577 | = | 0.0% |
| Other operating charges | 640/8 | €4,971 | €5,126 | +€155 | +3.1% |
| Gross operating margin | 9900 | €22,158 | €27,005 | +€4,847 | +21.9% |
| Operating profit (loss) | 9901 | €610 | €5,302 | +€4,692 | +769% |
| Financial charges | 65/66B | €4,295 | €3,968 | -€328 | -7.6% |
| Recurring financial charges | 65 | €4,295 | €3,968 | -€328 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,685 | €1,335 | +€5,020 | |
| Profit (loss) for the period | 9904 | -€3,685 | €1,335 | +€5,020 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,685 | €1,335 | +€5,020 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.