Imab: 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.
Imab
Largest movements
- Current investments +€211,413
up €211,413 (+4.3%), from €4.9m to €5.1m
- Cash +€141,895
up €141,895 (+8.9%), from €1.6m to €1.7m
mainly Net result for the year (+€306,288) and Investment in fixed assets (net) (+€46,451)
- Profit (loss) carried forward +€306,288
up €306,288 (+8.6%), from €3.6m to €3.9m
- Financial income -€67,238
down €67,238 (-12.7%), from €528,502 to €461,264
- Purchases and services -€15,837
no longer reported in 2025 (was €15,837)
- Gross operating margin -€14,413
down €14,413 (-91.0%), from -€15,837 to -€30,250
- Financial charges -€8,194
down €8,194 (-6.9%), from €119,493 to €111,299
of which Financial charges: -€54,645
- Taxes +€1,520
up €1,520 (+14.7%), from €10,341 to €11,861
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 | €9,005,315 | €9,325,845 | +€320,530 | +3.6% |
| Fixed assets | 21/28 | €2,468,523 | €2,422,072 | -€46,451 | -1.9% |
| Financial fixed assets | 28 | €2,468,523 | €2,422,072 | -€46,451 | -1.9% |
| Current assets | 29/58 | €6,536,791 | €6,903,772 | +€366,981 | +5.6% |
| Amounts receivable within one year | 40/41 | €54,652 | €69,650 | +€14,999 | +27.4% |
| Other amounts receivable | 41 | €54,652 | €69,650 | +€14,999 | +27.4% |
| Current investments | 50/53 | €4,877,043 | €5,088,456 | +€211,413 | +4.3% |
| Cash at bank and in hand | 54/58 | €1,600,510 | €1,742,405 | +€141,895 | +8.9% |
| Deferred charges and accrued income | 490/1 | €4,587 | €3,261 | -€1,326 | -28.9% |
| Total equity and liabilities | 10/49 | €9,005,315 | €9,325,845 | +€320,530 | +3.6% |
| Equity | 10/15 | €9,001,407 | €9,307,695 | +€306,288 | +3.4% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Reserves | 13 | €950,000 | €950,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €450,000 | €450,000 | = | 0.0% |
| Legal reserve | 130 | €450,000 | €450,000 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,551,407 | €3,857,695 | +€306,288 | +8.6% |
| Amounts payable | 17/49 | €3,908 | €18,150 | +€14,242 | +364.4% |
| Amounts payable within one year | 42/48 | €3,908 | €18,150 | +€14,242 | +364.4% |
| Trade debts | 44 | €3,908 | €18,150 | +€14,242 | +364.4% |
| Suppliers | 440/4 | €3,908 | €18,150 | +€14,242 | +364.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,837 | - | -€15,837 | |
| Other operating charges | 640/8 | €1,218 | €1,566 | +€348 | +28.6% |
| Gross operating margin | 9900 | -€15,837 | -€30,250 | -€14,413 | -91.0% |
| Operating profit (loss) | 9901 | -€17,055 | -€31,816 | -€14,761 | -86.5% |
| Financial income | 75/76B | €528,502 | €461,264 | -€67,238 | -12.7% |
| Recurring financial income | 75 | €528,502 | €461,264 | -€67,238 | -12.7% |
| Financial charges | 65/66B | €119,493 | €111,299 | -€8,194 | -6.9% |
| Recurring financial charges | 65 | €119,493 | €64,848 | -€54,645 | -45.7% |
| Non-recurring financial charges | 66B | - | €46,451 | +€46,451 | |
| Profit (loss) for the period before taxes | 9903 | €391,953 | €318,149 | -€73,804 | -18.8% |
| Income taxes | 67/77 | €10,341 | €11,861 | +€1,520 | +14.7% |
| Profit (loss) for the period | 9904 | €381,613 | €306,288 | -€75,324 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €381,613 | €306,288 | -€75,324 | -19.7% |
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 28 September 2026 via checked.be.