IMAAR: what changed
Two fiscal 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.
IMAAR
Largest movements
- Receivables within one year +€17,782
up €17,782 (+41.6%), from €42,773 to €60,556
of which Other amounts receivable: +€25,282
- Deferred charges and accrued income +€7,500
new in 2025: €7,500
- Cash +€2,252
up €2,252 (+37.0%), from €6,089 to €8,341
mainly Net result for the year (+€25,106) and Trade debts (+€3,193)
- Profit (loss) carried forward +€25,106
up €25,106 (+63.7%), from €39,400 to €64,507
- Trade debts +€3,193
up €3,193 (+62.7%), from €5,094 to €8,287
- Other debts -€859
no longer reported in 2025 (was €859)
- Gross operating margin -€1,776
down €1,776 (-5.5%), from €32,166 to €30,390
- Financial income +€1,260
up €1,260 (+291.2%), from €433 to €1,693
- Other operating charges -€364
down €364 (-75.2%), from €484 to €120
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 | €48,862 | €76,397 | +€27,535 | +56.4% |
| Current assets | 29/58 | €48,862 | €76,397 | +€27,535 | +56.4% |
| Amounts receivable within one year | 40/41 | €42,773 | €60,556 | +€17,782 | +41.6% |
| Trade receivables | 40 | €7,500 | - | -€7,500 | |
| Other amounts receivable | 41 | €35,273 | €60,556 | +€25,282 | +71.7% |
| Cash at bank and in hand | 54/58 | €6,089 | €8,341 | +€2,252 | +37.0% |
| Deferred charges and accrued income | 490/1 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €48,862 | €76,397 | +€27,535 | +56.4% |
| Equity | 10/15 | €41,400 | €66,507 | +€25,106 | +60.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,400 | €64,507 | +€25,106 | +63.7% |
| Amounts payable | 17/49 | €7,462 | €9,890 | +€2,428 | +32.5% |
| Amounts payable within one year | 42/48 | €7,462 | €9,890 | +€2,428 | +32.5% |
| Trade debts | 44 | €5,094 | €8,287 | +€3,193 | +62.7% |
| Suppliers | 440/4 | €5,094 | €8,287 | +€3,193 | +62.7% |
| Taxes, remuneration and social security | 45 | €1,509 | €1,603 | +€94 | +6.2% |
| Taxes | 450/3 | €1,444 | €1,603 | +€158 | +11.0% |
| Remuneration and social security | 454/9 | €64 | - | -€64 | |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Other operating charges | 640/8 | €484 | €120 | -€364 | -75.2% |
| Gross operating margin | 9900 | €32,166 | €30,390 | -€1,776 | -5.5% |
| Operating profit (loss) | 9901 | €31,682 | €30,270 | -€1,412 | -4.5% |
| Financial income | 75/76B | €433 | €1,693 | +€1,260 | +291.2% |
| Recurring financial income | 75 | €433 | €1,693 | +€1,260 | +291.2% |
| Financial charges | 65/66B | €47 | €80 | +€33 | +69.5% |
| Recurring financial charges | 65 | €47 | €80 | +€33 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €32,068 | €31,884 | -€185 | -0.6% |
| Income taxes | 67/77 | €6,747 | €6,777 | +€30 | +0.4% |
| Profit (loss) for the period | 9904 | €25,321 | €25,106 | -€214 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,321 | €25,106 | -€214 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.