International Management Services: 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.
International Management Services
Largest movements
- Receivables within one year -€103,706
down €103,706 (-86.0%), from €120,606 to €16,900
of which Trade receivables: -€118,806
- Tangible fixed assets +€100,075
up €100,075 (+56.8%), from €176,072 to €276,146
of which Furniture and vehicles: +€103,312
- Deferred charges and accrued income -€4,550
down €4,550 (-100%), from €4,550 to €0
- Debts after one year +€82,114
up €82,114 (+251%), from €32,749 to €114,863
- Other debts -€64,203
down €64,203 (-80.3%), from €79,953 to €15,750
- Trade debts -€60,396
down €60,396 (-73.8%), from €81,785 to €21,389
- Current portion of long-term debt +€23,287
up €23,287 (+221%), from €10,542 to €33,829
- Profit (loss) carried forward +€8,079
up €8,079 (+14.1%), from €57,499 to €65,578
- Gross operating margin +€66,161
up €66,161 (+73.9%), from €89,523 to €155,684
- Depreciation +€25,215
up €25,215 (+116%), from €21,715 to €46,930
- Staff costs +€21,431
up €21,431 (+38.5%), from €55,724 to €77,155
- Taxes +€9,800
up €9,800 (+199%), from €4,923 to €14,722
- Financial charges +€5,581
up €5,581 (+732%), from €762 to €6,343
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,211 | €296,507 | -€8,704 | -2.9% |
| Fixed assets | 21/28 | €178,722 | €278,796 | +€100,075 | +56.0% |
| Tangible fixed assets | 22/27 | €176,072 | €276,146 | +€100,075 | +56.8% |
| Land and buildings | 22 | €93,901 | €90,778 | -€3,123 | -3.3% |
| Plant, machinery and equipment | 23 | €867 | €754 | -€114 | -13.1% |
| Furniture and vehicles | 24 | €81,303 | €184,615 | +€103,312 | +127% |
| Financial fixed assets | 28 | €2,650 | €2,650 | = | 0.0% |
| Current assets | 29/58 | €126,489 | €17,711 | -€108,778 | -86.0% |
| Amounts receivable within one year | 40/41 | €120,606 | €16,900 | -€103,706 | -86.0% |
| Trade receivables | 40 | €120,606 | €1,800 | -€118,806 | -98.5% |
| Other amounts receivable | 41 | - | €15,100 | +€15,100 | |
| Cash at bank and in hand | 54/58 | €1,333 | €810 | -€523 | -39.2% |
| Deferred charges and accrued income | 490/1 | €4,550 | €0 | -€4,550 | -100% |
| Total equity and liabilities | 10/49 | €305,211 | €296,507 | -€8,704 | -2.9% |
| Equity | 10/15 | €77,959 | €86,038 | +€8,079 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,499 | €65,578 | +€8,079 | +14.1% |
| Amounts payable | 17/49 | €227,251 | €210,469 | -€16,782 | -7.4% |
| Amounts payable after more than one year | 17 | €32,749 | €114,863 | +€82,114 | +251% |
| Financial debts | 170/4 | €32,749 | €114,863 | +€82,114 | +251% |
| Amounts payable within one year | 42/48 | €194,503 | €95,606 | -€98,896 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €10,542 | €33,829 | +€23,287 | +221% |
| Trade debts | 44 | €81,785 | €21,389 | -€60,396 | -73.8% |
| Suppliers | 440/4 | €81,785 | €21,389 | -€60,396 | -73.8% |
| Advances received on contracts in progress | 46 | €9,770 | €9,770 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,452 | €14,868 | +€2,416 | +19.4% |
| Taxes | 450/3 | €6,362 | €6,646 | +€284 | +4.5% |
| Remuneration and social security | 454/9 | €6,090 | €8,222 | +€2,132 | +35.0% |
| Other amounts payable | 47/48 | €79,953 | €15,750 | -€64,203 | -80.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,724 | €77,155 | +€21,431 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,715 | €46,930 | +€25,215 | +116% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,987 | €3,643 | -€1,344 | -26.9% |
| Gross operating margin | 9900 | €89,523 | €155,684 | +€66,161 | +73.9% |
| Operating profit (loss) | 9901 | €7,096 | €27,955 | +€20,859 | +294% |
| Financial income | 75/76B | €38 | €1,190 | +€1,152 | +3,065% |
| Recurring financial income | 75 | €38 | €1,190 | +€1,152 | +3,065% |
| Financial charges | 65/66B | €762 | €6,343 | +€5,581 | +732% |
| Recurring financial charges | 65 | €762 | €6,343 | +€5,581 | +732% |
| Profit (loss) for the period before taxes | 9903 | €6,371 | €22,801 | +€16,430 | +258% |
| Income taxes | 67/77 | €4,923 | €14,722 | +€9,800 | +199% |
| Profit (loss) for the period | 9904 | €1,449 | €8,079 | +€6,630 | +458% |
| Profit (loss) for the period to be appropriated | 9905 | €1,449 | €8,079 | +€6,630 | +458% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.