Industrial Models Management: 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.
Industrial Models Management
Largest movements
- Deferred charges and accrued income +€23,799
up €23,799 (+50.7%), from €46,982 to €70,782
- Receivables within one year +€6,136
up €6,136 (+167%), from €3,665 to €9,802
of which Trade receivables: +€4,017
- Tangible fixed assets -€4,209
down €4,209 (-29.6%), from €14,224 to €10,016
of which Leasing and similar rights: -€3,900
- Cash -€4,044
down €4,044 (-63.2%), from €6,395 to €2,352
mainly Contributions, distributions and other (-€166,000) and Debts after one year (-€32,409)
- Other debts +€149,798
up €149,798 (+498%), from €30,075 to €179,874
- Reserves -€91,732
down €91,732 (-74.2%), from €123,688 to €31,956
- Debts after one year -€32,409
down €32,409 (-27.6%), from €117,242 to €84,833
- Financial income +€23,991
up €23,991 (+52.2%), from €46,000 to €69,991
- Gross operating margin +€1,966
up €1,966 (+12.7%), from €15,504 to €17,470
- Taxes +€1,384
up €1,384 (+92.5%), from €1,496 to €2,880
- Financial charges -€668
down €668 (-20.1%), from €3,317 to €2,649
- Other operating charges +€354
up €354 (+18.6%), from €1,904 to €2,259
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 | €321,267 | €342,950 | +€21,683 | +6.7% |
| Fixed assets | 21/28 | €264,224 | €260,016 | -€4,209 | -1.6% |
| Tangible fixed assets | 22/27 | €14,224 | €10,016 | -€4,209 | -29.6% |
| Plant, machinery and equipment | 23 | €167 | €1,125 | +€957 | +572% |
| Furniture and vehicles | 24 | €490 | - | -€490 | |
| Leasing and similar rights | 25 | €6,293 | €2,393 | -€3,900 | -62.0% |
| Other tangible fixed assets | 26 | €7,274 | €6,498 | -€776 | -10.7% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €57,043 | €82,935 | +€25,892 | +45.4% |
| Amounts receivable within one year | 40/41 | €3,665 | €9,802 | +€6,136 | +167% |
| Trade receivables | 40 | €161 | €4,178 | +€4,017 | +2,489% |
| Other amounts receivable | 41 | €3,504 | €5,623 | +€2,120 | +60.5% |
| Cash at bank and in hand | 54/58 | €6,395 | €2,352 | -€4,044 | -63.2% |
| Deferred charges and accrued income | 490/1 | €46,982 | €70,782 | +€23,799 | +50.7% |
| Total equity and liabilities | 10/49 | €321,267 | €342,950 | +€21,683 | +6.7% |
| Equity | 10/15 | €126,688 | €34,956 | -€91,732 | -72.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €123,688 | €31,956 | -€91,732 | -74.2% |
| Distributable reserves | 133 | €123,688 | €31,956 | -€91,732 | -74.2% |
| Amounts payable | 17/49 | €194,579 | €307,995 | +€113,416 | +58.3% |
| Amounts payable after more than one year | 17 | €117,242 | €84,833 | -€32,409 | -27.6% |
| Financial debts | 170/4 | €117,242 | €84,833 | -€32,409 | -27.6% |
| Amounts payable within one year | 42/48 | €77,271 | €223,095 | +€145,823 | +189% |
| Current portion of amounts payable after more than one year | 42 | €35,286 | €32,409 | -€2,877 | -8.2% |
| Financial debts | 43 | €4,920 | €3,864 | -€1,056 | -21.5% |
| Credit institutions | 430/8 | €4,920 | €3,864 | -€1,056 | -21.5% |
| Trade debts | 44 | €5,000 | €5,145 | +€145 | +2.9% |
| Suppliers | 440/4 | €5,000 | €5,145 | +€145 | +2.9% |
| Taxes, remuneration and social security | 45 | €1,990 | €1,803 | -€187 | -9.4% |
| Taxes | 450/3 | €1,990 | €1,803 | -€187 | -9.4% |
| Other amounts payable | 47/48 | €30,075 | €179,874 | +€149,798 | +498% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,287 | €5,405 | +€119 | +2.2% |
| Other operating charges | 640/8 | €1,904 | €2,259 | +€354 | +18.6% |
| Gross operating margin | 9900 | €15,504 | €17,470 | +€1,966 | +12.7% |
| Operating profit (loss) | 9901 | €8,313 | €9,806 | +€1,493 | +18.0% |
| Financial income | 75/76B | €46,000 | €69,991 | +€23,991 | +52.2% |
| Recurring financial income | 75 | €46,000 | €69,991 | +€23,991 | +52.2% |
| Financial charges | 65/66B | €3,317 | €2,649 | -€668 | -20.1% |
| Recurring financial charges | 65 | €3,317 | €2,649 | -€668 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €50,997 | €77,148 | +€26,151 | +51.3% |
| Income taxes | 67/77 | €1,496 | €2,880 | +€1,384 | +92.5% |
| Profit (loss) for the period | 9904 | €49,500 | €74,268 | +€24,767 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,500 | €74,268 | +€24,767 | +50.0% |
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 25 October 2026 via checked.be.