IMA Invest: 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 Invest
Largest movements
- Receivables within one year -€90,242
down €90,242 (-45.0%), from €200,416 to €110,174
- Financial fixed assets +€65,094
up €65,094 (+15.5%), from €420,794 to €485,888
- Deferred charges and accrued income +€20,699
up €20,699 (+12.7%), from €162,545 to €183,244
- Cash -€11,056
down €11,056 (-51.5%), from €21,465 to €10,410
mainly Investment in fixed assets (net) (-€65,094) and Other debts (-€42,000)
- Other debts -€42,000
down €42,000 (-10.2%), from €413,000 to €371,000
- Accrued charges and deferred income +€33,653
up €33,653 (+17.0%), from €197,746 to €231,399
- Financial charges -€2.0m
down €2.0m (-98.3%), from €2.0m to €34,493
of which Non-recurring financial charges: -€1.9m
- Financial income -€1.8m
down €1.8m (-98.3%), from €1.9m to €31,793
of which Financial income: -€1.8m
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 | €805,220 | €789,716 | -€15,504 | -1.9% |
| Fixed assets | 21/28 | €420,794 | €485,888 | +€65,094 | +15.5% |
| Financial fixed assets | 28 | €420,794 | €485,888 | +€65,094 | +15.5% |
| Affiliated companies | 280/1 | €420,794 | €485,888 | +€65,094 | +15.5% |
| Participating interests | 280 | €407,794 | €418,888 | +€11,094 | +2.7% |
| Amounts receivable | 281 | €13,000 | €67,000 | +€54,000 | +415% |
| Current assets | 29/58 | €384,426 | €303,828 | -€80,598 | -21.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €200,416 | €110,174 | -€90,242 | -45.0% |
| Other amounts receivable | 41 | €200,416 | €110,174 | -€90,242 | -45.0% |
| Cash at bank and in hand | 54/58 | €21,465 | €10,410 | -€11,056 | -51.5% |
| Deferred charges and accrued income | 490/1 | €162,545 | €183,244 | +€20,699 | +12.7% |
| Total equity and liabilities | 10/49 | €805,220 | €789,716 | -€15,504 | -1.9% |
| Equity | 10/15 | €192,167 | €185,139 | -€7,027 | -3.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,517 | €117,489 | -€7,027 | -5.6% |
| Amounts payable | 17/49 | €613,053 | €604,577 | -€8,476 | -1.4% |
| Amounts payable within one year | 42/48 | €415,307 | €373,178 | -€42,129 | -10.1% |
| Trade debts | 44 | €2,307 | €2,178 | -€129 | -5.6% |
| Suppliers | 440/4 | €2,307 | €2,178 | -€129 | -5.6% |
| Other amounts payable | 47/48 | €413,000 | €371,000 | -€42,000 | -10.2% |
| Accrued charges and deferred income | 492/3 | €197,746 | €231,399 | +€33,653 | +17.0% |
| Operating charges | 60/66A | €11,040 | €4,328 | -€6,712 | -60.8% |
| Services and other goods | 61 | €9,463 | €2,676 | -€6,787 | -71.7% |
| Other operating charges | 640/8 | €1,576 | €1,652 | +€76 | +4.8% |
| Operating profit (loss) | 9901 | -€11,040 | -€4,328 | +€6,712 | +60.8% |
| Financial income | 75/76B | €1,852,126 | €31,793 | -€1.8m | -98.3% |
| Recurring financial income | 75 | €1,852,126 | €20,699 | -€1.8m | -98.9% |
| Income from financial fixed assets | 750 | €1,750,034 | €4,248 | -€1.7m | -99.8% |
| Income from current assets | 751 | €102,092 | €16,451 | -€85,641 | -83.9% |
| Other financial income | 752/9 | €0 | - | = | |
| Non-recurring financial income | 76B | - | €11,094 | +€11,094 | |
| Financial charges | 65/66B | €2,011,545 | €34,493 | -€2.0m | -98.3% |
| Recurring financial charges | 65 | €95,435 | €34,493 | -€60,942 | -63.9% |
| Debt charges | 650 | €94,664 | €33,653 | -€61,012 | -64.5% |
| Other financial charges | 652/9 | €771 | €840 | +€70 | +9.0% |
| Non-recurring financial charges | 66B | €1,916,111 | €0 | -€1.9m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€170,459 | -€7,027 | +€163,432 | +95.9% |
| Profit (loss) for the period | 9904 | -€170,459 | -€7,027 | +€163,432 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,459 | -€7,027 | +€163,432 | +95.9% |
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 1 November 2026 via checked.be.