IMA Invest: what changed
What changed
IMA Invest
NACE 77.221, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€5,050
2024 · €168,813-€163,764
Equity
€363,521
2024 · €362,471+€1,050
Cash
€55,884
2024 · €91,318-€35,435
Balance sheet total
€751,550
2024 · €969,653-€218,104
Largest movements
Assets
- Receivables after one year -€145,000
down €145,000 (-58.0%), from €250,000 to €105,000
- Cash -€35,435
down €35,435 (-38.8%), from €91,318 to €55,884
mainly Other debts (-€98,909) and Trade debts (-€91,150)
- Tangible fixed assets -€30,837
down €30,837 (-32.6%), from €94,481 to €63,643
of which Plant, machinery and equipment: -€26,017
Equity and liabilities
- Other debts -€98,909
down €98,909 (-45.9%), from €215,378 to €116,469
- Trade debts -€91,150
down €91,150 (-36.0%), from €253,439 to €162,289
- Accrued charges and deferred income -€18,336
down €18,336 (-51.2%), from €35,827 to €17,490
Income statement
- Financial income -€100,418
down €100,418 (-97.9%), from €102,569 to €2,151
- Gross operating margin +€35,227
up €35,227 (+22.1%), from €159,245 to €194,472
- Taxes +€26,518
up €26,518 (+132%), from €20,039 to €46,557
- Provisions -€14,829
no longer reported in 2025 (was €14,829)
- Depreciation -€13,204
down €13,204 (-27.9%), from €47,369 to €34,165
Change in the result, 2024 to 2025
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 2024
€168,813
Gross operating margin
+€35,227
Staff costs
+€1,192
Depreciation
+€13,204
Provisions
+€14,829
Other operating charges
-€619
Other operating items
-€95,000
Financial income
-€100,418
Financial charges
-€5,659
Taxes
-€26,518
Result 2025
€5,050
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€20,947
Investment
-€3,328
Financing
-€11,160
Cash 2024
€91,318
From operations (derived)
-€20,947
Net result for the year
+€5,050
Depreciation
+€34,165
Receivables after one year
+€145,000
Receivables within one year
+€5,359
Deferred charges and accrued income
+€1,473
Trade debts
-€91,150
Tax, wage and social debts
-€3,598
Other debts
-€98,909
Accrued charges and deferred income
-€18,336
Investment (derived)
-€3,328
Investment in fixed assets (net)
-€3,328
Financing
-€11,160
Debts after one year
-€5,672
Current portion of long-term debt
-€1,488
Contributions, distributions and other
-€4,000
Cash 2025
€55,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €969,653 | €751,550 | -€218,104 | -22.5% |
| Fixed assets | 21/28 | €377,397 | €346,559 | -€30,837 | -8.2% |
| Tangible fixed assets | 22/27 | €94,481 | €63,643 | -€30,837 | -32.6% |
| Plant, machinery and equipment | 23 | €50,646 | €24,630 | -€26,017 | -51.4% |
| Furniture and vehicles | 24 | €43,834 | €39,014 | -€4,821 | -11.0% |
| Financial fixed assets | 28 | €282,916 | €282,916 | = | 0.0% |
| Current assets | 29/58 | €592,257 | €404,990 | -€187,266 | -31.6% |
| Amounts receivable after more than one year | 29 | €250,000 | €105,000 | -€145,000 | -58.0% |
| Trade receivables | 290 | €250,000 | €105,000 | -€145,000 | -58.0% |
| Amounts receivable within one year | 40/41 | €249,466 | €244,106 | -€5,359 | -2.1% |
| Trade receivables | 40 | €239,137 | €24,916 | -€214,221 | -89.6% |
| Other amounts receivable | 41 | €10,328 | €219,190 | +€208,862 | +2,022% |
| Cash at bank and in hand | 54/58 | €91,318 | €55,884 | -€35,435 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,473 | - | -€1,473 | |
| Total equity and liabilities | 10/49 | €969,653 | €751,550 | -€218,104 | -22.5% |
| Equity | 10/15 | €362,471 | €363,521 | +€1,050 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €356,271 | €357,321 | +€1,050 | +0.3% |
| Distributable reserves | 133 | €356,271 | €357,321 | +€1,050 | +0.3% |
| Amounts payable | 17/49 | €607,182 | €388,029 | -€219,153 | -36.1% |
| Amounts payable after more than one year | 17 | €81,638 | €75,966 | -€5,672 | -6.9% |
| Financial debts | 170/4 | €81,638 | €75,966 | -€5,672 | -6.9% |
| Amounts payable within one year | 42/48 | €489,718 | €294,573 | -€195,145 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €12,230 | €10,742 | -€1,488 | -12.2% |
| Trade debts | 44 | €253,439 | €162,289 | -€91,150 | -36.0% |
| Suppliers | 440/4 | €253,439 | €162,289 | -€91,150 | -36.0% |
| Taxes, remuneration and social security | 45 | €8,670 | €5,073 | -€3,598 | -41.5% |
| Taxes | 450/3 | €6,321 | €5,073 | -€1,248 | -19.7% |
| Remuneration and social security | 454/9 | €2,350 | - | -€2,350 | |
| Other amounts payable | 47/48 | €215,378 | €116,469 | -€98,909 | -45.9% |
| Accrued charges and deferred income | 492/3 | €35,827 | €17,490 | -€18,336 | -51.2% |
| Non-recurring operating income | 76A | - | €27,253 | +€27,253 | |
| Remuneration, social security and pensions | 62 | €1,192 | - | -€1,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,369 | €34,165 | -€13,204 | -27.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,829 | - | -€14,829 | |
| Other operating charges | 640/8 | €1,568 | €2,188 | +€619 | +39.5% |
| Non-recurring operating charges | 66A | - | €95,000 | +€95,000 | |
| Gross operating margin | 9900 | €159,245 | €194,472 | +€35,227 | +22.1% |
| Operating profit (loss) | 9901 | €94,287 | €63,119 | -€31,167 | -33.1% |
| Financial income | 75/76B | €102,569 | €2,151 | -€100,418 | -97.9% |
| Recurring financial income | 75 | €102,569 | €2,151 | -€100,418 | -97.9% |
| Financial charges | 65/66B | €8,004 | €13,663 | +€5,659 | +70.7% |
| Recurring financial charges | 65 | €8,004 | €13,663 | +€5,659 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €188,852 | €51,607 | -€137,245 | -72.7% |
| Income taxes | 67/77 | €20,039 | €46,557 | +€26,518 | +132% |
| Profit (loss) for the period | 9904 | €168,813 | €5,050 | -€163,764 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,813 | €5,050 | -€163,764 | -97.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.