Imo: 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.
Imo
Largest movements
- Receivables within one year -€29,382
down €29,382 (-50.3%), from €58,470 to €29,088
of which Other amounts receivable: -€20,956
- Tangible fixed assets +€21,998
new in 2025: €21,998
- Cash +€2,061
up €2,061 (+4.2%), from €48,714 to €50,775
mainly Receivables within one year (+€29,382) and Depreciation (+€3,315)
- Trade debts -€7,024
down €7,024 (-58.5%), from €12,005 to €4,981
- Tax, wage and social debts +€2,545
up €2,545 (+33.2%), from €7,674 to €10,219
of which Remuneration and social security: +€2,015
- Turnover -€123,279
down €123,279 (-47.0%), from €262,199 to €138,920
- Purchases and services -€81,642
down €81,642 (-48.2%), from €169,373 to €87,731
- Gross operating margin -€41,637
down €41,637 (-44.9%), from €92,826 to €51,189
- Other operating charges -€24,577
down €24,577 (-97.0%), from €25,326 to €749
- Staff costs +€3,409
up €3,409 (+9.0%), from €38,059 to €41,468
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 | €113,844 | €109,489 | -€4,355 | -3.8% |
| Fixed assets | 21/28 | €590 | €22,588 | +€21,998 | +3728.5% |
| Tangible fixed assets | 22/27 | - | €21,998 | +€21,998 | |
| Furniture and vehicles | 24 | - | €21,998 | +€21,998 | |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €113,254 | €86,901 | -€26,353 | -23.3% |
| Stocks and contracts in progress | 3 | €5,946 | €5,946 | = | 0.0% |
| Stocks | 30/36 | €5,946 | €5,946 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,470 | €29,088 | -€29,382 | -50.3% |
| Trade receivables | 40 | €24,730 | €16,304 | -€8,426 | -34.1% |
| Other amounts receivable | 41 | €33,740 | €12,784 | -€20,956 | -62.1% |
| Cash at bank and in hand | 54/58 | €48,714 | €50,775 | +€2,061 | +4.2% |
| Deferred charges and accrued income | 490/1 | €124 | €1,092 | +€968 | +780.6% |
| Total equity and liabilities | 10/49 | €113,844 | €109,489 | -€4,355 | -3.8% |
| Equity | 10/15 | €44,165 | €44,289 | +€124 | +0.3% |
| Contributions | 10/11 | €162,500 | €162,500 | = | 0.0% |
| Capital | 10 | €162,500 | €162,500 | = | 0.0% |
| Issued capital | 100 | €162,500 | €162,500 | = | 0.0% |
| Reserves | 13 | €16,281 | €16,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,250 | €16,250 | = | 0.0% |
| Legal reserve | 130 | €16,250 | €16,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €31 | €31 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,616 | -€134,492 | +€124 | +0.1% |
| Amounts payable | 17/49 | €69,679 | €65,200 | -€4,479 | -6.4% |
| Amounts payable within one year | 42/48 | €69,679 | €65,200 | -€4,479 | -6.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €12,005 | €4,981 | -€7,024 | -58.5% |
| Suppliers | 440/4 | €12,005 | €4,981 | -€7,024 | -58.5% |
| Taxes, remuneration and social security | 45 | €7,674 | €10,219 | +€2,545 | +33.2% |
| Taxes | 450/3 | €1,422 | €1,952 | +€530 | +37.3% |
| Remuneration and social security | 454/9 | €6,252 | €8,267 | +€2,015 | +32.2% |
| Turnover | 70 | €262,199 | €138,920 | -€123,279 | -47.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €169,373 | €87,731 | -€81,642 | -48.2% |
| Remuneration, social security and pensions | 62 | €38,059 | €41,468 | +€3,409 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €3,315 | +€1,232 | +59.1% |
| Other operating charges | 640/8 | €25,326 | €749 | -€24,577 | -97.0% |
| Gross operating margin | 9900 | €92,826 | €51,189 | -€41,637 | -44.9% |
| Operating profit (loss) | 9901 | €27,358 | €5,657 | -€21,701 | -79.3% |
| Financial income | 75/76B | €31 | €1 | -€30 | -96.8% |
| Recurring financial income | 75 | €31 | €1 | -€30 | -96.8% |
| Non-recurring financial income | 76B | €31 | - | -€31 | |
| Financial charges | 65/66B | €6,682 | €4,637 | -€2,045 | -30.6% |
| Recurring financial charges | 65 | €6,682 | €4,637 | -€2,045 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €20,707 | €1,021 | -€19,686 | -95.1% |
| Income taxes | 67/77 | - | €897 | +€897 | |
| Profit (loss) for the period | 9904 | €20,707 | €124 | -€20,583 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,707 | €124 | -€20,583 | -99.4% |
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 4 October 2026 via checked.be.