IMAA-SIS: 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.
IMAA-SIS
Largest movements
- Tangible fixed assets -€20,942
down €20,942 (-39.2%), from €53,476 to €32,534
- Receivables within one year +€9,409
up €9,409 (+15.0%), from €62,562 to €71,971
of which Trade receivables: +€11,396
- Cash -€6,648
down €6,648 (-22.1%), from €30,054 to €23,406
mainly Debts after one year (-€25,280) and Trade debts (-€15,185)
- Stocks and contracts +€5,000
up €5,000 (+13.9%), from €35,994 to €40,994
- Debts after one year -€25,280
down €25,280 (-40.5%), from €62,450 to €37,170
- Current portion of long-term debt +€23,096
new in 2025: €23,096
- Trade debts -€15,185
down €15,185 (-37.5%), from €40,521 to €25,336
- Profit (loss) carried forward +€4,818
up €4,818 (+13.4%), from €35,991 to €40,809
- Other debts -€2,126
down €2,126 (-24.6%), from €8,646 to €6,520
- Purchases and services -€45,980
down €45,980 (-13.2%), from €347,497 to €301,517
- Staff costs +€27,765
up €27,765 (+2,412%), from €1,151 to €28,916
- Gross operating margin +€27,025
up €27,025 (+89.4%), from €30,244 to €57,269
- Turnover -€18,955
down €18,955 (-5.0%), from €377,741 to €358,786
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 | €184,587 | €171,405 | -€13,182 | -7.1% |
| Fixed assets | 21/28 | €55,977 | €35,034 | -€20,943 | -37.4% |
| Tangible fixed assets | 22/27 | €53,476 | €32,534 | -€20,942 | -39.2% |
| Furniture and vehicles | 24 | €53,476 | €32,534 | -€20,942 | -39.2% |
| Financial fixed assets | 28 | €2,501 | €2,500 | -€1 | 0.0% |
| Current assets | 29/58 | €128,610 | €136,371 | +€7,761 | +6.0% |
| Stocks and contracts in progress | 3 | €35,994 | €40,994 | +€5,000 | +13.9% |
| Stocks | 30/36 | €35,994 | €40,994 | +€5,000 | +13.9% |
| Amounts receivable within one year | 40/41 | €62,562 | €71,971 | +€9,409 | +15.0% |
| Trade receivables | 40 | €60,575 | €71,971 | +€11,396 | +18.8% |
| Other amounts receivable | 41 | €1,987 | - | -€1,987 | |
| Cash at bank and in hand | 54/58 | €30,054 | €23,406 | -€6,648 | -22.1% |
| Total equity and liabilities | 10/49 | €184,587 | €171,405 | -€13,182 | -7.1% |
| Equity | 10/15 | €70,861 | €75,679 | +€4,818 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,270 | €16,270 | = | 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% |
| Distributable reserves | 133 | €14,410 | €14,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,991 | €40,809 | +€4,818 | +13.4% |
| Amounts payable | 17/49 | €113,726 | €95,726 | -€18,000 | -15.8% |
| Amounts payable after more than one year | 17 | €62,450 | €37,170 | -€25,280 | -40.5% |
| Financial debts | 170/4 | €62,450 | €37,170 | -€25,280 | -40.5% |
| Amounts payable within one year | 42/48 | €51,276 | €58,556 | +€7,280 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | - | €23,096 | +€23,096 | |
| Trade debts | 44 | €40,521 | €25,336 | -€15,185 | -37.5% |
| Suppliers | 440/4 | €40,521 | €25,336 | -€15,185 | -37.5% |
| Taxes, remuneration and social security | 45 | €2,109 | €3,604 | +€1,495 | +70.9% |
| Taxes | 450/3 | €2,109 | €3,604 | +€1,495 | +70.9% |
| Other amounts payable | 47/48 | €8,646 | €6,520 | -€2,126 | -24.6% |
| Turnover | 70 | €377,741 | €358,786 | -€18,955 | -5.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €347,497 | €301,517 | -€45,980 | -13.2% |
| Remuneration, social security and pensions | 62 | €1,151 | €28,916 | +€27,765 | +2,412% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,671 | €20,942 | +€2,271 | +12.2% |
| Other operating charges | 640/8 | €566 | €896 | +€330 | +58.3% |
| Gross operating margin | 9900 | €30,244 | €57,269 | +€27,025 | +89.4% |
| Operating profit (loss) | 9901 | €9,856 | €6,515 | -€3,341 | -33.9% |
| Financial income | 75/76B | €40 | €68 | +€28 | +70.0% |
| Recurring financial income | 75 | €40 | €68 | +€28 | +70.0% |
| Financial charges | 65/66B | €281 | €252 | -€29 | -10.3% |
| Recurring financial charges | 65 | €281 | €252 | -€29 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €9,615 | €6,331 | -€3,284 | -34.2% |
| Income taxes | 67/77 | €252 | €1,513 | +€1,261 | +500% |
| Profit (loss) for the period | 9904 | €9,363 | €4,818 | -€4,545 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,363 | €4,818 | -€4,545 | -48.5% |
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.