IMA BENELUX: 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.
IMA BENELUX
Largest movements
- Cash +€2.2m
up €2.2m (+69.3%), from €3.2m to €5.4m
mainly Receivables within one year (+€1.1m) and Trade debts (+€1.1m)
- Receivables within one year -€1.1m
down €1.1m (-27.0%), from €4.1m to €3.0m
of which Other amounts receivable: -€1.3m
- Tangible fixed assets +€993,645
up €993,645 (+1,112%), from €89,371 to €1.1m
of which Other tangible fixed assets: +€690,332
- Trade debts +€1.1m
up €1.1m (+64.2%), from €1.7m to €2.8m
- Debts after one year +€695,360
new in 2025: €695,360
- Profit (loss) carried forward +€279,451
up €279,451 (+10.8%), from €2.6m to €2.9m
- Tax, wage and social debts -€227,493
down €227,493 (-9.3%), from €2.4m to €2.2m
of which Taxes: -€146,237
- Accrued charges and deferred income +€140,747
up €140,747 (+73.5%), from €191,619 to €332,366
- Turnover +€818,131
up €818,131 (+4.8%), from €17.1m to €17.9m
- Staff costs +€574,402
up €574,402 (+6.9%), from €8.3m to €8.9m
- Services and other goods +€510,473
up €510,473 (+13.0%), from €3.9m to €4.4m
- Goods and materials +€338,461
up €338,461 (+7.7%), from €4.4m to €4.7m
- Other operating income +€198,972
up €198,972 (+26.0%), from €764,639 to €963,611
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 | €7,480,322 | €9,568,697 | +€2.1m | +27.9% |
| Fixed assets | 21/28 | €125,994 | €1,096,615 | +€970,622 | +770% |
| Intangible fixed assets | 21 | €36,062 | €13,039 | -€23,023 | -63.8% |
| Tangible fixed assets | 22/27 | €89,371 | €1,083,015 | +€993,645 | +1,112% |
| Furniture and vehicles | 24 | €89,371 | €392,683 | +€303,313 | +339% |
| Other tangible fixed assets | 26 | - | €690,332 | +€690,332 | |
| Financial fixed assets | 28 | €561 | €561 | = | 0.0% |
| Other financial fixed assets | 284/8 | €561 | €561 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €561 | €561 | = | 0.0% |
| Current assets | 29/58 | €7,354,328 | €8,472,081 | +€1.1m | +15.2% |
| Amounts receivable within one year | 40/41 | €4,122,927 | €3,007,902 | -€1.1m | -27.0% |
| Trade receivables | 40 | €2,698,099 | €2,896,829 | +€198,730 | +7.4% |
| Other amounts receivable | 41 | €1,424,828 | €111,074 | -€1.3m | -92.2% |
| Cash at bank and in hand | 54/58 | €3,170,502 | €5,368,264 | +€2.2m | +69.3% |
| Deferred charges and accrued income | 490/1 | €60,900 | €95,915 | +€35,015 | +57.5% |
| Total equity and liabilities | 10/49 | €7,480,322 | €9,568,697 | +€2.1m | +27.9% |
| Equity | 10/15 | €3,139,715 | €3,419,166 | +€279,451 | +8.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,589,715 | €2,869,166 | +€279,451 | +10.8% |
| Amounts payable | 17/49 | €4,340,607 | €6,149,530 | +€1.8m | +41.7% |
| Amounts payable after more than one year | 17 | - | €695,360 | +€695,360 | |
| Financial debts | 170/4 | - | €695,360 | +€695,360 | |
| Credit institutions | 173 | - | €695,360 | +€695,360 | |
| Amounts payable within one year | 42/48 | €4,148,988 | €5,121,805 | +€972,817 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | - | €104,640 | +€104,640 | |
| Trade debts | 44 | €1,706,974 | €2,802,643 | +€1.1m | +64.2% |
| Suppliers | 440/4 | €1,706,974 | €2,802,643 | +€1.1m | +64.2% |
| Taxes, remuneration and social security | 45 | €2,442,014 | €2,214,522 | -€227,493 | -9.3% |
| Taxes | 450/3 | €488,219 | €341,981 | -€146,237 | -30.0% |
| Remuneration and social security | 454/9 | €1,953,796 | €1,872,540 | -€81,255 | -4.2% |
| Accrued charges and deferred income | 492/3 | €191,619 | €332,366 | +€140,747 | +73.5% |
| Operating income | 70/76A | €17,848,665 | €18,865,768 | +€1.0m | +5.7% |
| Turnover | 70 | €17,084,026 | €17,902,157 | +€818,131 | +4.8% |
| Other operating income | 74 | €764,639 | €963,611 | +€198,972 | +26.0% |
| Operating charges | 60/66A | €16,948,267 | €18,309,668 | +€1.4m | +8.0% |
| Goods for resale, raw materials and consumables | 60 | €4,401,501 | €4,739,962 | +€338,461 | +7.7% |
| Purchases | 600/8 | €4,401,501 | €4,739,962 | +€338,461 | +7.7% |
| Services and other goods | 61 | €3,927,070 | €4,437,543 | +€510,473 | +13.0% |
| Remuneration, social security and pensions | 62 | €8,345,934 | €8,920,337 | +€574,402 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,619 | €186,202 | -€69,416 | -27.2% |
| Other operating charges | 640/8 | €18,143 | €25,624 | +€7,482 | +41.2% |
| Operating profit (loss) | 9901 | €900,399 | €556,100 | -€344,299 | -38.2% |
| Financial income | 75/76B | €9,496 | €18,885 | +€9,389 | +98.9% |
| Recurring financial income | 75 | €9,496 | €18,885 | +€9,389 | +98.9% |
| Other financial income | 752/9 | €9,496 | €18,885 | +€9,389 | +98.9% |
| Financial charges | 65/66B | €92,885 | €123,559 | +€30,675 | +33.0% |
| Recurring financial charges | 65 | €92,885 | €123,559 | +€30,675 | +33.0% |
| Debt charges | 650 | €5,314 | - | -€5,314 | |
| Other financial charges | 652/9 | €87,571 | €123,559 | +€35,989 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €817,010 | €451,426 | -€365,584 | -44.7% |
| Income taxes | 67/77 | €265,381 | €171,975 | -€93,406 | -35.2% |
| Taxes | 670/3 | €265,381 | €171,975 | -€93,406 | -35.2% |
| Profit (loss) for the period | 9904 | €551,629 | €279,451 | -€272,178 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €551,629 | €279,451 | -€272,178 | -49.3% |
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 15 October 2026 via checked.be.