IMACH: 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.
IMACH
Largest movements
- Cash +€28,601
up €28,601 (+29.2%), from €97,924 to €126,525
mainly Net result for the year (+€22,837) and Receivables within one year (+€3,108)
- Profit (loss) carried forward +€22,837
up €22,837 (+33.6%), from €68,007 to €90,844
- Gross operating margin +€3,556
up €3,556 (+10.2%), from €34,700 to €38,256
- Depreciation -€3,317
down €3,317 (-52.6%), from €6,308 to €2,991
- Taxes +€1,662
up €1,662 (+27.9%), from €5,950 to €7,612
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 | €467,402 | €491,065 | +€23,663 | +5.1% |
| Fixed assets | 21/28 | €88,010 | €85,019 | -€2,991 | -3.4% |
| Tangible fixed assets | 22/27 | €88,010 | €85,019 | -€2,991 | -3.4% |
| Land and buildings | 22 | €84,405 | €83,080 | -€1,325 | -1.6% |
| Plant, machinery and equipment | 23 | €3,605 | €1,939 | -€1,666 | -46.2% |
| Current assets | 29/58 | €379,392 | €406,046 | +€26,654 | +7.0% |
| Amounts receivable within one year | 40/41 | €4,653 | €1,545 | -€3,108 | -66.8% |
| Other amounts receivable | 41 | €4,653 | €1,545 | -€3,108 | -66.8% |
| Current investments | 50/53 | €276,815 | €277,977 | +€1,162 | +0.4% |
| Cash at bank and in hand | 54/58 | €97,924 | €126,525 | +€28,601 | +29.2% |
| Total equity and liabilities | 10/49 | €467,402 | €491,065 | +€23,663 | +5.1% |
| Equity | 10/15 | €463,357 | €486,194 | +€22,837 | +4.9% |
| Contributions | 10/11 | €68,500 | €68,500 | = | 0.0% |
| Capital | 10 | €68,500 | €68,500 | = | 0.0% |
| Issued capital | 100 | €68,500 | €68,500 | = | 0.0% |
| Reserves | 13 | €326,850 | €326,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,850 | €6,850 | = | 0.0% |
| Legal reserve | 130 | €6,850 | €6,850 | = | 0.0% |
| Distributable reserves | 133 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,007 | €90,844 | +€22,837 | +33.6% |
| Amounts payable | 17/49 | €4,045 | €4,871 | +€826 | +20.4% |
| Amounts payable within one year | 42/48 | - | €1,114 | +€1,114 | |
| Taxes, remuneration and social security | 45 | - | €1,114 | +€1,114 | |
| Taxes | 450/3 | - | €1,114 | +€1,114 | |
| Accrued charges and deferred income | 492/3 | €4,045 | €3,756 | -€288 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,308 | €2,991 | -€3,317 | -52.6% |
| Other operating charges | 640/8 | €6,212 | €6,445 | +€233 | +3.8% |
| Gross operating margin | 9900 | €34,700 | €38,256 | +€3,556 | +10.2% |
| Operating profit (loss) | 9901 | €22,180 | €28,820 | +€6,640 | +29.9% |
| Financial income | 75/76B | €1,649 | €1,659 | +€11 | +0.7% |
| Recurring financial income | 75 | €1,649 | €1,659 | +€11 | +0.7% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €23,800 | €30,449 | +€6,649 | +27.9% |
| Income taxes | 67/77 | €5,950 | €7,612 | +€1,662 | +27.9% |
| Profit (loss) for the period | 9904 | €17,850 | €22,837 | +€4,987 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,850 | €22,837 | +€4,987 | +27.9% |
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 10 October 2026 via checked.be.