Today IM:: 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.
Today IM:
Largest movements
- Tangible fixed assets -€7,442
down €7,442 (-2.3%), from €317,423 to €309,981
- Cash +€3,659
up €3,659 (+12.8%), from €28,608 to €32,267
mainly Current portion of long-term debt (+€29,430) and Depreciation (+€22,399)
- Debts after one year -€56,081
down €56,081 (-26.2%), from €214,235 to €158,154
- Current portion of long-term debt +€29,430
new in 2025: €29,430
- Reserves +€18,500
up €18,500 (+34.7%), from €53,360 to €71,860
of which Distributable reserves: +€18,500
- Financial charges +€2,071
up €2,071 (+66.4%), from €3,120 to €5,191
- Gross operating margin +€1,330
up €1,330 (+2.5%), from €54,007 to €55,337
- Depreciation +€740
up €740 (+3.4%), from €21,659 to €22,399
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 | €360,502 | €354,395 | -€6,107 | -1.7% |
| Fixed assets | 21/28 | €317,458 | €310,016 | -€7,442 | -2.3% |
| Tangible fixed assets | 22/27 | €317,423 | €309,981 | -€7,442 | -2.3% |
| Land and buildings | 22 | €291,819 | €291,840 | +€21 | 0.0% |
| Plant, machinery and equipment | 23 | €12,078 | €8,909 | -€3,169 | -26.2% |
| Furniture and vehicles | 24 | €1,829 | €947 | -€882 | -48.2% |
| Other tangible fixed assets | 26 | €11,697 | €8,285 | -€3,412 | -29.2% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €43,044 | €44,379 | +€1,335 | +3.1% |
| Amounts receivable within one year | 40/41 | €14,436 | €12,112 | -€2,324 | -16.1% |
| Trade receivables | 40 | €14,399 | €12,112 | -€2,287 | -15.9% |
| Other amounts receivable | 41 | €37 | - | -€37 | |
| Cash at bank and in hand | 54/58 | €28,608 | €32,267 | +€3,659 | +12.8% |
| Total equity and liabilities | 10/49 | €360,502 | €354,395 | -€6,107 | -1.7% |
| Equity | 10/15 | €118,608 | €137,115 | +€18,507 | +15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,360 | €71,860 | +€18,500 | +34.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,500 | €70,000 | +€18,500 | +35.9% |
| Profit (loss) carried forward | 14 | €52,848 | €52,855 | +€7 | 0.0% |
| Amounts payable | 17/49 | €241,894 | €217,280 | -€24,614 | -10.2% |
| Amounts payable after more than one year | 17 | €214,235 | €158,154 | -€56,081 | -26.2% |
| Financial debts | 170/4 | €214,235 | €158,154 | -€56,081 | -26.2% |
| Amounts payable within one year | 42/48 | €27,659 | €59,126 | +€31,467 | +113.8% |
| Current portion of amounts payable after more than one year | 42 | - | €29,430 | +€29,430 | |
| Trade debts | 44 | €4,264 | €3,168 | -€1,096 | -25.7% |
| Suppliers | 440/4 | €4,264 | €3,168 | -€1,096 | -25.7% |
| Taxes, remuneration and social security | 45 | €16,912 | €17,958 | +€1,046 | +6.2% |
| Taxes | 450/3 | €13,020 | €14,002 | +€982 | +7.5% |
| Remuneration and social security | 454/9 | €3,892 | €3,956 | +€64 | +1.6% |
| Other amounts payable | 47/48 | €6,483 | €8,570 | +€2,087 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,659 | €22,399 | +€740 | +3.4% |
| Other operating charges | 640/8 | €785 | €811 | +€26 | +3.3% |
| Gross operating margin | 9900 | €54,007 | €55,337 | +€1,330 | +2.5% |
| Operating profit (loss) | 9901 | €31,563 | €32,127 | +€564 | +1.8% |
| Financial charges | 65/66B | €3,120 | €5,191 | +€2,071 | +66.4% |
| Recurring financial charges | 65 | €3,120 | €5,191 | +€2,071 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €28,443 | €26,936 | -€1,507 | -5.3% |
| Income taxes | 67/77 | €8,828 | €8,429 | -€399 | -4.5% |
| Profit (loss) for the period | 9904 | €19,615 | €18,507 | -€1,108 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,615 | €18,507 | -€1,108 | -5.6% |
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 11 October 2026 via checked.be.