IMAC MANAGEMENT TEAM: 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 MANAGEMENT TEAM
Largest movements
- Receivables within one year -€3,863
down €3,863 (-13.6%), from €28,482 to €24,619
- Reserves -€8,218
down €8,218 (-43.0%), from €19,097 to €10,879
of which Tax-exempt reserves: -€8,218
- Profit (loss) carried forward +€7,518
up €7,518 (+78.0%), from -€9,643 to -€2,125
- Accrued charges and deferred income -€2,050
no longer reported in 2026 (was €2,050)
- Trade debts -€1,120
no longer reported in 2026 (was €1,120)
- Gross operating margin +€1,930
up €1,930 (+80.6%), from -€2,395 to -€465
- Financial income -€1,666
no longer reported in 2026 (was €1,666)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,490 | €24,619 | -€3,871 | -13.6% |
| Current assets | 29/58 | €28,490 | €24,619 | -€3,871 | -13.6% |
| Amounts receivable within one year | 40/41 | €28,482 | €24,619 | -€3,863 | -13.6% |
| Other amounts receivable | 41 | €28,482 | €24,619 | -€3,863 | -13.6% |
| Cash at bank and in hand | 54/58 | €8 | - | -€8 | |
| Total equity and liabilities | 10/49 | €28,490 | €24,619 | -€3,871 | -13.6% |
| Equity | 10/15 | €25,320 | €24,619 | -€700 | -2.8% |
| Contributions | 10/11 | €15,865 | €15,865 | = | 0.0% |
| Reserves | 13 | €19,097 | €10,879 | -€8,218 | -43.0% |
| Tax-exempt reserves | 132 | €8,218 | - | -€8,218 | |
| Distributable reserves | 133 | €10,879 | €10,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,643 | -€2,125 | +€7,518 | +78.0% |
| Amounts payable | 17/49 | €3,170 | - | -€3,170 | |
| Amounts payable within one year | 42/48 | €1,120 | - | -€1,120 | |
| Trade debts | 44 | €1,120 | - | -€1,120 | |
| Suppliers | 440/4 | €1,120 | - | -€1,120 | |
| Accrued charges and deferred income | 492/3 | €2,050 | - | -€2,050 | |
| Other operating charges | 640/8 | €120 | €120 | = | 0.0% |
| Gross operating margin | 9900 | -€2,395 | -€465 | +€1,930 | +80.6% |
| Operating profit (loss) | 9901 | -€2,515 | -€585 | +€1,930 | +76.7% |
| Financial income | 75/76B | €1,666 | - | -€1,666 | |
| Recurring financial income | 75 | €1,666 | - | -€1,666 | |
| Financial charges | 65/66B | €105 | €115 | +€10 | +9.8% |
| Recurring financial charges | 65 | €105 | €115 | +€10 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€955 | -€700 | +€254 | +26.6% |
| Profit (loss) for the period | 9904 | -€955 | -€700 | +€254 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€955 | -€700 | +€254 | +26.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.