I.AMMA: 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.
I.AMMA
Largest movements
- Tangible fixed assets -€15,080
down €15,080 (-2.8%), from €531,560 to €516,481
- Cash +€7,487
up €7,487 (+18.6%), from €40,153 to €47,640
mainly Depreciation (+€15,080) and Tax, wage and social debts (+€6,382)
- Debts after one year -€20,090
down €20,090 (-19.2%), from €104,734 to €84,644
- Tax, wage and social debts +€6,382
up €6,382 (+101.7%), from €6,276 to €12,658
- Depreciation -€1,407
down €1,407 (-8.5%), from €16,487 to €15,080
- Gross operating margin -€842
down €842 (-2.7%), from €31,740 to €30,898
- Financial charges -€785
down €785 (-22.0%), from €3,573 to €2,788
- Taxes +€574
up €574 (+9.7%), from €5,914 to €6,488
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 | €576,176 | €570,577 | -€5,599 | -1.0% |
| Fixed assets | 21/28 | €531,560 | €516,481 | -€15,080 | -2.8% |
| Tangible fixed assets | 22/27 | €531,560 | €516,481 | -€15,080 | -2.8% |
| Land and buildings | 22 | €531,560 | €516,481 | -€15,080 | -2.8% |
| Current assets | 29/58 | €44,616 | €54,096 | +€9,480 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,624 | €5,007 | +€3,383 | +208.3% |
| Other amounts receivable | 41 | €1,624 | €5,007 | +€3,383 | +208.3% |
| Cash at bank and in hand | 54/58 | €40,153 | €47,640 | +€7,487 | +18.6% |
| Deferred charges and accrued income | 490/1 | €2,839 | €1,449 | -€1,389 | -48.9% |
| Total equity and liabilities | 10/49 | €576,176 | €570,577 | -€5,599 | -1.0% |
| Equity | 10/15 | €329,472 | €333,603 | +€4,130 | +1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €281,035 | €284,900 | +€3,865 | +1.4% |
| Tax-exempt reserves | 132 | €224,375 | €215,740 | -€8,635 | -3.8% |
| Distributable reserves | 133 | €56,660 | €69,160 | +€12,500 | +22.1% |
| Profit (loss) carried forward | 14 | €36,037 | €36,303 | +€266 | +0.7% |
| Provisions and deferred taxes | 16 | €74,792 | €71,913 | -€2,878 | -3.8% |
| Deferred taxes | 168 | €74,792 | €71,913 | -€2,878 | -3.8% |
| Amounts payable | 17/49 | €171,912 | €165,061 | -€6,851 | -4.0% |
| Amounts payable after more than one year | 17 | €104,734 | €84,644 | -€20,090 | -19.2% |
| Financial debts | 170/4 | €104,734 | €84,644 | -€20,090 | -19.2% |
| Amounts payable within one year | 42/48 | €60,075 | €72,044 | +€11,969 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €19,845 | €20,090 | +€245 | +1.2% |
| Trade debts | 44 | €2,086 | €7,409 | +€5,323 | +255.1% |
| Suppliers | 440/4 | €2,086 | €7,409 | +€5,323 | +255.1% |
| Taxes, remuneration and social security | 45 | €6,276 | €12,658 | +€6,382 | +101.7% |
| Taxes | 450/3 | €6,276 | €12,658 | +€6,382 | +101.7% |
| Other amounts payable | 47/48 | €31,868 | €31,886 | +€18 | +0.1% |
| Accrued charges and deferred income | 492/3 | €7,102 | €8,372 | +€1,270 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,487 | €15,080 | -€1,407 | -8.5% |
| Other operating charges | 640/8 | €5,455 | €5,291 | -€165 | -3.0% |
| Gross operating margin | 9900 | €31,740 | €30,898 | -€842 | -2.7% |
| Operating profit (loss) | 9901 | €9,798 | €10,528 | +€730 | +7.5% |
| Financial charges | 65/66B | €3,573 | €2,788 | -€785 | -22.0% |
| Recurring financial charges | 65 | €3,573 | €2,788 | -€785 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €6,225 | €7,740 | +€1,515 | +24.3% |
| Transfer from deferred taxes | 780 | €2,878 | €2,878 | = | 0.0% |
| Income taxes | 67/77 | €5,914 | €6,488 | +€574 | +9.7% |
| Profit (loss) for the period | 9904 | €3,189 | €4,130 | +€941 | +29.5% |
| Transfer from tax-exempt reserves | 789 | €8,635 | €8,635 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,825 | €12,766 | +€941 | +8.0% |
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 7 October 2026 via checked.be.