IMED: 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.
IMED
Largest movements
- Cash +€183,430
up €183,430 (+39.0%), from €470,390 to €653,820
mainly Net result for the year (+€295,419) and Other debts (+€60,000)
- Receivables within one year +€72,545
up €72,545 (+88.9%), from €81,596 to €154,142
of which Trade receivables: +€45,030
- Reserves +€142,140
up €142,140 (+38.8%), from €366,199 to €508,339
of which Distributable reserves: +€142,140
- Other debts +€60,000
up €60,000 (+75.0%), from €80,000 to €140,000
- Tax, wage and social debts +€53,303
up €53,303 (+216%), from €24,693 to €77,996
- Gross operating margin +€189,853
up €189,853 (+108%), from €176,189 to €366,042
- Taxes +€46,409
up €46,409 (+169%), from €27,396 to €73,805
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 | €554,104 | €813,589 | +€259,486 | +46.8% |
| Fixed assets | 21/28 | €543 | €3,841 | +€3,298 | +607% |
| Tangible fixed assets | 22/27 | €543 | €3,841 | +€3,298 | +607% |
| Furniture and vehicles | 24 | €81 | €1,976 | +€1,894 | +2,333% |
| Other tangible fixed assets | 26 | €462 | €1,865 | +€1,404 | +304% |
| Current assets | 29/58 | €553,560 | €809,748 | +€256,188 | +46.3% |
| Stocks and contracts in progress | 3 | €774 | €774 | = | 0.0% |
| Stocks | 30/36 | €774 | €774 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,596 | €154,142 | +€72,545 | +88.9% |
| Trade receivables | 40 | €65,296 | €110,326 | +€45,030 | +69.0% |
| Other amounts receivable | 41 | €16,300 | €43,815 | +€27,515 | +169% |
| Cash at bank and in hand | 54/58 | €470,390 | €653,820 | +€183,430 | +39.0% |
| Deferred charges and accrued income | 490/1 | €801 | €1,013 | +€213 | +26.6% |
| Total equity and liabilities | 10/49 | €554,104 | €813,589 | +€259,486 | +46.8% |
| Equity | 10/15 | €447,278 | €589,418 | +€142,140 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €366,199 | €508,339 | +€142,140 | +38.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €366,199 | €508,339 | +€142,140 | +38.8% |
| Profit (loss) carried forward | 14 | €74,879 | €74,879 | = | 0.0% |
| Amounts payable | 17/49 | €106,826 | €224,172 | +€117,346 | +110% |
| Amounts payable within one year | 42/48 | €106,826 | €224,172 | +€117,346 | +110% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,133 | €6,176 | +€4,043 | +190% |
| Suppliers | 440/4 | €2,133 | €6,176 | +€4,043 | +190% |
| Taxes, remuneration and social security | 45 | €24,693 | €77,996 | +€53,303 | +216% |
| Taxes | 450/3 | €24,693 | €77,996 | +€53,303 | +216% |
| Other amounts payable | 47/48 | €80,000 | €140,000 | +€60,000 | +75.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €514 | +€264 | +106% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41 | €0 | -€41 | -100% |
| Other operating charges | 640/8 | €1,801 | €1,822 | +€21 | +1.2% |
| Non-recurring operating charges | 66A | - | €81 | +€81 | |
| Gross operating margin | 9900 | €176,189 | €366,042 | +€189,853 | +108% |
| Operating profit (loss) | 9901 | €174,098 | €363,625 | +€189,527 | +109% |
| Financial income | 75/76B | €3,786 | €5,726 | +€1,940 | +51.2% |
| Recurring financial income | 75 | €3,786 | €5,726 | +€1,940 | +51.2% |
| Financial charges | 65/66B | €3,573 | €127 | -€3,445 | -96.4% |
| Recurring financial charges | 65 | €3,573 | €127 | -€3,445 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €174,311 | €369,224 | +€194,912 | +112% |
| Income taxes | 67/77 | €27,396 | €73,805 | +€46,409 | +169% |
| Profit (loss) for the period | 9904 | €146,915 | €295,419 | +€148,504 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €146,915 | €295,419 | +€148,504 | +101% |
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 21 October 2026 via checked.be.