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I.M.A.T. Services: what changed

BE 0440.421.768Other company

Position among the sector peers

What moved between 2022 and 2023

Net result for the year
€7,482
2022 · -€8,079+€15,560
Equity
-€37,674
2022 · -€45,156+€7,482
Cash
€9
2022 · €605-€596
Balance sheet total
€11,677
2022 · €5,453+€6,225

Largest movements

2022 to 2023
Assets
  • Receivables within one year +€9,405

    up €9,405 (+1,690%), from €556 to €9,961

    of which Trade receivables: +€5,721

  • Financial fixed assets -€1,300

    down €1,300 (-100%), from €1,300 to €0

  • Tangible fixed assets -€1,194

    down €1,194 (-41.2%), from €2,901 to €1,707

  • Cash -€596

    down €596 (-98.5%), from €605 to €9

    mainly Receivables within one year (-€9,405) and Debts after one year (-€4,067)

Equity and liabilities
  • Profit (loss) carried forward +€7,482

    up €7,482 (+14.2%), from -€52,715 to -€45,234

  • Provisions +€4,987

    new in 2023: €4,987

  • Debts after one year -€4,067

    down €4,067 (-9.6%), from €42,254 to €38,186

  • Tax, wage and social debts -€2,911

    down €2,911 (-96.1%), from €3,031 to €120

  • Trade debts +€1,900

    up €1,900 (+50.4%), from €3,774 to €5,674

Income statement
  • Financial income +€20,027

    up €20,027 (+33,378,950%), from €0 to €20,027

    of which Non-recurring financial income: +€20,027

  • Provisions +€4,987

    new in 2023: €4,987

  • Financial charges +€1,072

    up €1,072 (+1,553%), from €69 to €1,141

    of which Financial charges: +€679

  • Gross operating margin +€958

    up €958 (+29.7%), from -€3,221 to -€2,263

  • Depreciation -€523

    down €523 (-43.8%), from €1,194 to €671

Change in the result, 2022 to 2023

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2022 -€8,079
Gross operating margin +€958
Depreciation +€523
Provisions -€4,987
Other operating charges -€8
Financial income +€20,027
Financial charges -€1,072
Taxes +€120
Result 2023 €7,482
raises the resultlowers the result

Derived cash bridge

cash 2022 to 2023

The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€1,648
Investment +€1,823
Financing -€4,067
Cash 2022 €605
Net result for the year +€7,482
Depreciation +€671
Receivables within one year -€9,405
Deferred charges and accrued income +€90
Provisions +€4,987
Trade debts +€1,900
Tax, wage and social debts -€2,911
Accrued charges and deferred income -€1,166
Investment in fixed assets (net) +€1,823
Debts after one year -€4,067
Cash 2023 €9
brings cash intakes cash out
Every line side by side 45 lines
Line Code 2022 2023 Change %
Total assets 20/58 €5,453 €11,677 +€6,225 +114%
Fixed assets 21/28 €4,201 €1,707 -€2,494 -59.4%
Tangible fixed assets 22/27 €2,901 €1,707 -€1,194 -41.2%
Furniture and vehicles 24 €2,901 €1,707 -€1,194 -41.2%
Financial fixed assets 28 €1,300 €0 -€1,300 -100%
Current assets 29/58 €1,252 €9,971 +€8,719 +696%
Amounts receivable within one year 40/41 €556 €9,961 +€9,405 +1,690%
Trade receivables 40 €556 €6,278 +€5,721 +1,028%
Other amounts receivable 41 - €3,684 +€3,684
Cash at bank and in hand 54/58 €605 €9 -€596 -98.5%
Deferred charges and accrued income 490/1 €90 - -€90
Total equity and liabilities 10/49 €5,453 €11,677 +€6,225 +114%
Equity 10/15 -€45,156 -€37,674 +€7,482 +16.6%
Contributions 10/11 €7,437 €7,437 = 0.0%
Reserves 13 €123 €123 = 0.0%
Non-distributable reserves 130/1 €123 €123 = 0.0%
Reserves not available under the articles 1311 €123 €123 = 0.0%
Profit (loss) carried forward 14 -€52,715 -€45,234 +€7,482 +14.2%
Provisions and deferred taxes 16 - €4,987 +€4,987
Provisions for liabilities and charges 160/5 - €4,987 +€4,987
Other liabilities and charges 164/5 - €4,987 +€4,987
Amounts payable 17/49 €50,608 €44,364 -€6,244 -12.3%
Amounts payable after more than one year 17 €42,254 €38,186 -€4,067 -9.6%
Other amounts payable 178/9 €42,254 €38,186 -€4,067 -9.6%
Amounts payable within one year 42/48 €6,804 €5,793 -€1,011 -14.9%
Trade debts 44 €3,774 €5,674 +€1,900 +50.4%
Suppliers 440/4 €3,774 €5,674 +€1,900 +50.4%
Taxes, remuneration and social security 45 €3,031 €120 -€2,911 -96.1%
Taxes 450/3 €3,031 €120 -€2,911 -96.1%
Accrued charges and deferred income 492/3 €1,550 €384 -€1,166 -75.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,194 €671 -€523 -43.8%
Provisions for liabilities and charges: additions (uses and reversals) 635/8 - €4,987 +€4,987
Other operating charges 640/8 €3,475 €3,483 +€8 +0.2%
Gross operating margin 9900 -€3,221 -€2,263 +€958 +29.7%
Operating profit (loss) 9901 -€7,890 -€11,405 -€3,515 -44.5%
Financial income 75/76B €0 €20,027 +€20,027 +33,378,950%
Recurring financial income 75 €0 €20,027 +€20,027 +33,378,950%
Non-recurring financial income 76B - €20,027 +€20,027
Financial charges 65/66B €69 €1,141 +€1,072 +1,553%
Recurring financial charges 65 €69 €748 +€679 +984%
Non-recurring financial charges 66B - €393 +€393
Profit (loss) for the period before taxes 9903 -€7,959 €7,482 +€15,441
Income taxes 67/77 €120 - -€120
Profit (loss) for the period 9904 -€8,079 €7,482 +€15,560
Profit (loss) for the period to be appropriated 9905 -€8,079 €7,482 +€15,560

Value

latest balance sheet 31-12-2023 · indication, not a valuation or advice

Indicative value of the equity

Indication, not a valuation or advice

Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50%

The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.

Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.

Adjusted equity -€37,674

Adjusted equity

balance sheet 31-12-2023
Equity (10/15)
-€37,674
Revaluation of assets
€0
Deferred tax on the revaluation
€0
Other adjustment
€0
Adjusted equity
-€37,674

Capitalised earnings

net result for the year (9904)
2023
€7,482
excluding non-recurring income and charges
-€12,153
2022
-€8,079
2021
-€2,458
2020
-€8,964
2019
€1,141
Average result, excluding non-recurring income and charges
-€7,563
Divided by the capitalisation rate
14% / 12% / 10%
Capitalised earnings
not meaningful, as the average result is zero or negative

Limits of the indication

  • Checked holds no market prices or comparable transactions.
  • Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
  • Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
  • The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.

For a valuation to base a decision on, go to a company auditor or a certified accountant.

Calculation and sources

Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 11 November 2026 via checked.be.