IMAC: 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.
IMAC
Largest movements
- Current investments +€1,070
up €1,070 (+10.6%), from €10,052 to €11,122
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,127
down €1,127 (-27.5%), from €4,103 to €2,976
- Taxes -€283
down €283 (-57.3%), from €494 to €211
- Depreciation -€141
down €141 (-13.3%), from €1,058 to €917
- Financial income +€110
up €110 (+122.2%), from €90 to €200
- Financial charges +€99
up €99 (+46.9%), from €211 to €310
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 | €100,754 | €101,037 | +€283 | +0.3% |
| Fixed assets | 21/28 | €57,437 | €56,520 | -€917 | -1.6% |
| Tangible fixed assets | 22/27 | €57,437 | €56,520 | -€917 | -1.6% |
| Land and buildings | 22 | €57,154 | €56,520 | -€634 | -1.1% |
| Plant, machinery and equipment | 23 | €283 | - | -€283 | |
| Current assets | 29/58 | €43,317 | €44,517 | +€1,200 | +2.8% |
| Current investments | 50/53 | €10,052 | €11,122 | +€1,070 | +10.6% |
| Cash at bank and in hand | 54/58 | €33,265 | €33,395 | +€130 | +0.4% |
| Total equity and liabilities | 10/49 | €100,754 | €101,037 | +€283 | +0.3% |
| Equity | 10/15 | €100,287 | €100,885 | +€598 | +0.6% |
| Contributions | 10/11 | €85,027 | €85,027 | = | 0.0% |
| Capital | 10 | €85,027 | €85,027 | = | 0.0% |
| Issued capital | 100 | €85,027 | €85,027 | = | 0.0% |
| Reserves | 13 | €930 | €960 | +€30 | +3.2% |
| Non-distributable reserves | 130/1 | €930 | €960 | +€30 | +3.2% |
| Legal reserve | 130 | €930 | €960 | +€30 | +3.2% |
| Profit (loss) carried forward | 14 | €14,330 | €14,898 | +€568 | +4.0% |
| Amounts payable | 17/49 | €467 | €152 | -€315 | -67.5% |
| Amounts payable within one year | 42/48 | €467 | €152 | -€315 | -67.5% |
| Taxes, remuneration and social security | 45 | €467 | €152 | -€315 | -67.5% |
| Taxes | 450/3 | €467 | €152 | -€315 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,058 | €917 | -€141 | -13.3% |
| Other operating charges | 640/8 | €1,107 | €1,140 | +€33 | +3.0% |
| Gross operating margin | 9900 | €4,103 | €2,976 | -€1,127 | -27.5% |
| Operating profit (loss) | 9901 | €1,938 | €919 | -€1,019 | -52.6% |
| Financial income | 75/76B | €90 | €200 | +€110 | +122.2% |
| Recurring financial income | 75 | €90 | €200 | +€110 | +122.2% |
| Financial charges | 65/66B | €211 | €310 | +€99 | +46.9% |
| Recurring financial charges | 65 | €211 | €310 | +€99 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €1,817 | €809 | -€1,008 | -55.5% |
| Income taxes | 67/77 | €494 | €211 | -€283 | -57.3% |
| Profit (loss) for the period | 9904 | €1,323 | €598 | -€725 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,323 | €598 | -€725 | -54.8% |
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 11 October 2026 via checked.be.