IMA CAR: 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 CAR
Largest movements
- Receivables within one year -€9,278
down €9,278 (-19.7%), from €47,064 to €37,786
of which Trade receivables: -€8,953
- Stocks and contracts +€1,583
up €1,583 (+2.6%), from €60,785 to €62,368
- Other debts +€36,158
up €36,158 (+362%), from €10,000 to €46,158
- Trade debts -€26,801
down €26,801 (-44.8%), from €59,849 to €33,049
- Debts after one year -€9,459
down €9,459 (-33.5%), from €28,261 to €18,802
- Tax, wage and social debts -€6,908
down €6,908 (-62.0%), from €11,134 to €4,225
of which Taxes: -€4,321
- Profit (loss) carried forward -€3,519
down €3,519 (-15.2%), from -€23,083 to -€26,602
- Financial income +€50,959
up €50,959 (+510%), from €9,986 to €60,945
- Staff costs +€30,615
new in 2025: €30,615
- Gross operating margin -€20,195
down €20,195, from €11,180 to -€9,015
- Financial charges +€3,014
up €3,014 (+99.2%), from €3,039 to €6,053
- Other operating charges -€2,385
down €2,385 (-13.0%), from €18,338 to €15,953
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,071 | €110,373 | -€7,698 | -6.5% |
| Fixed assets | 21/28 | €10,223 | €10,219 | -€3 | 0.0% |
| Tangible fixed assets | 22/27 | €5,455 | €5,242 | -€213 | -3.9% |
| Plant, machinery and equipment | 23 | - | €837 | +€837 | |
| Furniture and vehicles | 24 | €5,455 | €4,405 | -€1,051 | -19.3% |
| Financial fixed assets | 28 | €4,767 | €4,977 | +€210 | +4.4% |
| Current assets | 29/58 | €107,849 | €100,154 | -€7,695 | -7.1% |
| Stocks and contracts in progress | 3 | €60,785 | €62,368 | +€1,583 | +2.6% |
| Stocks | 30/36 | €60,785 | €62,368 | +€1,583 | +2.6% |
| Amounts receivable within one year | 40/41 | €47,064 | €37,786 | -€9,278 | -19.7% |
| Trade receivables | 40 | €46,739 | €37,786 | -€8,953 | -19.2% |
| Other amounts receivable | 41 | €326 | - | -€326 | |
| Total equity and liabilities | 10/49 | €118,071 | €110,373 | -€7,698 | -6.5% |
| Equity | 10/15 | -€4,483 | -€8,002 | -€3,519 | -78.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,083 | -€26,602 | -€3,519 | -15.2% |
| Amounts payable | 17/49 | €122,554 | €118,375 | -€4,179 | -3.4% |
| Amounts payable after more than one year | 17 | €28,261 | €18,802 | -€9,459 | -33.5% |
| Financial debts | 170/4 | €28,261 | €18,802 | -€9,459 | -33.5% |
| Amounts payable within one year | 42/48 | €94,293 | €99,573 | +€5,280 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €8,936 | €9,459 | +€523 | +5.9% |
| Financial debts | 43 | €4,374 | €6,682 | +€2,308 | +52.8% |
| Credit institutions | 430/8 | €4,374 | €6,682 | +€2,308 | +52.8% |
| Trade debts | 44 | €59,849 | €33,049 | -€26,801 | -44.8% |
| Suppliers | 440/4 | €59,849 | €33,049 | -€26,801 | -44.8% |
| Taxes, remuneration and social security | 45 | €11,134 | €4,225 | -€6,908 | -62.0% |
| Taxes | 450/3 | €7,884 | €3,562 | -€4,321 | -54.8% |
| Remuneration and social security | 454/9 | €3,250 | €663 | -€2,587 | -79.6% |
| Other amounts payable | 47/48 | €10,000 | €46,158 | +€36,158 | +362% |
| Remuneration, social security and pensions | 62 | - | €30,615 | +€30,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | €2,567 | +€1,114 | +76.7% |
| Other operating charges | 640/8 | €18,338 | €15,953 | -€2,385 | -13.0% |
| Gross operating margin | 9900 | €11,180 | -€9,015 | -€20,195 | |
| Operating profit (loss) | 9901 | -€8,610 | -€58,150 | -€49,539 | -575% |
| Financial income | 75/76B | €9,986 | €60,945 | +€50,959 | +510% |
| Recurring financial income | 75 | €9,986 | €60,945 | +€50,959 | +510% |
| Financial charges | 65/66B | €3,039 | €6,053 | +€3,014 | +99.2% |
| Recurring financial charges | 65 | €3,039 | €6,053 | +€3,014 | +99.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,663 | -€3,257 | -€1,594 | -95.9% |
| Income taxes | 67/77 | €1,728 | €262 | -€1,466 | -84.8% |
| Profit (loss) for the period | 9904 | -€3,391 | -€3,519 | -€129 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,391 | -€3,519 | -€129 | -3.8% |
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 18 October 2026 via checked.be.