IMA BUILD: 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 BUILD
Largest movements
- Receivables within one year -€148,515
down €148,515 (-58.5%), from €254,007 to €105,492
of which Trade receivables: -€134,755
- Deferred charges and accrued income -€8,740
down €8,740 (-38.3%), from €22,806 to €14,066
- Tangible fixed assets +€7,141
up €7,141 (+6.8%), from €105,051 to €112,192
of which Leasing and similar rights: +€12,953
- Cash -€6,456
down €6,456 (-61.6%), from €10,484 to €4,028
mainly Trade debts (-€172,675) and Investment in fixed assets (net) (-€32,671)
- Trade debts -€172,675
down €172,675 (-89.8%), from €192,289 to €19,615
- Short-term financial debts +€8,962
up €8,962 (+23.4%), from €38,246 to €47,208
- Other debts +€6,558
new in 2025: €6,558
- Turnover +€57,838
up €57,838 (+6.7%), from €858,189 to €916,027
- Purchases and services +€36,591
up €36,591 (+4.4%), from €838,023 to €874,614
- Gross operating margin +€34,181
up €34,181 (+115.2%), from €29,681 to €63,862
- Staff costs +€16,424
up €16,424 (+335.4%), from €4,897 to €21,321
- Depreciation +€12,501
up €12,501 (+86.0%), from €14,534 to €27,035
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 | €398,363 | €240,289 | -€158,075 | -39.7% |
| Formation expenses | 20 | €6,015 | €4,511 | -€1,504 | -25.0% |
| Fixed assets | 21/28 | €105,051 | €112,192 | +€7,141 | +6.8% |
| Tangible fixed assets | 22/27 | €105,051 | €112,192 | +€7,141 | +6.8% |
| Land and buildings | 22 | €34,803 | €31,408 | -€3,395 | -9.8% |
| Plant, machinery and equipment | 23 | €2,865 | €2,262 | -€603 | -21.0% |
| Furniture and vehicles | 24 | €5,301 | €3,486 | -€1,815 | -34.2% |
| Leasing and similar rights | 25 | €62,083 | €75,036 | +€12,953 | +20.9% |
| Current assets | 29/58 | €287,297 | €123,585 | -€163,712 | -57.0% |
| Amounts receivable within one year | 40/41 | €254,007 | €105,492 | -€148,515 | -58.5% |
| Trade receivables | 40 | €215,142 | €80,387 | -€134,755 | -62.6% |
| Other amounts receivable | 41 | €38,865 | €25,105 | -€13,760 | -35.4% |
| Cash at bank and in hand | 54/58 | €10,484 | €4,028 | -€6,456 | -61.6% |
| Deferred charges and accrued income | 490/1 | €22,806 | €14,066 | -€8,740 | -38.3% |
| Total equity and liabilities | 10/49 | €398,363 | €240,289 | -€158,075 | -39.7% |
| Equity | 10/15 | €76,934 | €78,060 | +€1,126 | +1.5% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,874 | €64,000 | +€1,126 | +1.8% |
| Amounts payable | 17/49 | €321,429 | €162,228 | -€159,201 | -49.5% |
| Amounts payable after more than one year | 17 | €76,628 | €78,413 | +€1,785 | +2.3% |
| Financial debts | 170/4 | €76,628 | €78,413 | +€1,785 | +2.3% |
| Amounts payable within one year | 42/48 | €244,801 | €83,815 | -€160,986 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €8,353 | €4,568 | -€3,785 | -45.3% |
| Financial debts | 43 | €38,246 | €47,208 | +€8,962 | +23.4% |
| Credit institutions | 430/8 | €38,246 | €47,208 | +€8,962 | +23.4% |
| Trade debts | 44 | €192,289 | €19,615 | -€172,675 | -89.8% |
| Suppliers | 440/4 | €192,289 | €19,615 | -€172,675 | -89.8% |
| Taxes, remuneration and social security | 45 | €5,913 | €5,866 | -€46 | -0.8% |
| Taxes | 450/3 | €2,250 | €2,320 | +€70 | +3.1% |
| Remuneration and social security | 454/9 | €3,662 | €3,546 | -€116 | -3.2% |
| Other amounts payable | 47/48 | - | €6,558 | +€6,558 | |
| Turnover | 70 | €858,189 | €916,027 | +€57,838 | +6.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €838,023 | €874,614 | +€36,591 | +4.4% |
| Remuneration, social security and pensions | 62 | €4,897 | €21,321 | +€16,424 | +335.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,534 | €27,035 | +€12,501 | +86.0% |
| Other operating charges | 640/8 | €851 | €2,248 | +€1,397 | +164.1% |
| Non-recurring operating charges | 66A | - | €1,360 | +€1,360 | |
| Gross operating margin | 9900 | €29,681 | €63,862 | +€34,181 | +115.2% |
| Operating profit (loss) | 9901 | €9,399 | €11,898 | +€2,499 | +26.6% |
| Financial income | 75/76B | €4,462 | €29 | -€4,432 | -99.3% |
| Recurring financial income | 75 | €4,462 | €29 | -€4,432 | -99.3% |
| Financial charges | 65/66B | €8,691 | €8,481 | -€209 | -2.4% |
| Recurring financial charges | 65 | €8,691 | €8,481 | -€209 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €5,170 | €3,446 | -€1,724 | -33.3% |
| Income taxes | 67/77 | €2,250 | €2,320 | +€70 | +3.1% |
| Profit (loss) for the period | 9904 | €2,920 | €1,126 | -€1,794 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,920 | €1,126 | -€1,794 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.