IMACOMA: 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.
IMACOMA
Largest movements
- Cash -€111,411
down €111,411 (-53.7%), from €207,428 to €96,017
mainly Investment in fixed assets (net) (-€112,781) and Contributions, distributions and other (-€80,154)
- Tangible fixed assets +€108,301
up €108,301 (+45.9%), from €236,003 to €344,304
of which Furniture and vehicles: +€108,508
- Receivables within one year -€9,911
down €9,911 (-27.3%), from €36,268 to €26,357
of which Other amounts receivable: -€11,205
- Stocks and contracts -€6,812
down €6,812 (-26.7%), from €25,466 to €18,654
- Reserves -€103,214
down €103,214 (-26.3%), from €392,354 to €289,140
- Profit (loss) carried forward +€41,662
up €41,662, from -€41,662 to €0
- Debts after one year +€24,878
up €24,878 (+119%), from €20,834 to €45,712
- Current portion of long-term debt +€10,122
up €10,122 (+40.5%), from €25,000 to €35,122
- Gross operating margin +€61,507
up €61,507, from -€26,829 to €34,679
- Taxes +€1,939
up €1,939 (+1,140%), from €170 to €2,109
- Other operating charges -€1,395
down €1,395 (-39.9%), from €3,495 to €2,100
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.
Derived cash bridge
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 | €507,436 | €487,964 | -€19,471 | -3.8% |
| Fixed assets | 21/28 | €236,053 | €344,354 | +€108,301 | +45.9% |
| Tangible fixed assets | 22/27 | €236,003 | €344,304 | +€108,301 | +45.9% |
| Land and buildings | 22 | €231,391 | €229,236 | -€2,155 | -0.9% |
| Plant, machinery and equipment | 23 | €683 | €2,921 | +€2,238 | +327% |
| Furniture and vehicles | 24 | €1,292 | €109,800 | +€108,508 | +8,400% |
| Other tangible fixed assets | 26 | €2,637 | €2,346 | -€290 | -11.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €271,383 | €143,610 | -€127,772 | -47.1% |
| Stocks and contracts in progress | 3 | €25,466 | €18,654 | -€6,812 | -26.7% |
| Stocks | 30/36 | €25,466 | €18,654 | -€6,812 | -26.7% |
| Amounts receivable within one year | 40/41 | €36,268 | €26,357 | -€9,911 | -27.3% |
| Trade receivables | 40 | €977 | €2,271 | +€1,294 | +132% |
| Other amounts receivable | 41 | €35,291 | €24,086 | -€11,205 | -31.8% |
| Cash at bank and in hand | 54/58 | €207,428 | €96,017 | -€111,411 | -53.7% |
| Deferred charges and accrued income | 490/1 | €2,220 | €2,582 | +€362 | +16.3% |
| Total equity and liabilities | 10/49 | €507,436 | €487,964 | -€19,471 | -3.8% |
| Equity | 10/15 | €369,292 | €307,740 | -€61,552 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €392,354 | €289,140 | -€103,214 | -26.3% |
| Distributable reserves | 133 | €392,354 | €289,140 | -€103,214 | -26.3% |
| Profit (loss) carried forward | 14 | -€41,662 | €0 | +€41,662 | |
| Amounts payable | 17/49 | €138,144 | €180,225 | +€42,081 | +30.5% |
| Amounts payable after more than one year | 17 | €20,834 | €45,712 | +€24,878 | +119% |
| Financial debts | 170/4 | €20,834 | €45,712 | +€24,878 | +119% |
| Amounts payable within one year | 42/48 | €117,310 | €134,513 | +€17,203 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €35,122 | +€10,122 | +40.5% |
| Trade debts | 44 | €3,203 | €8,046 | +€4,843 | +151% |
| Suppliers | 440/4 | €3,203 | €8,046 | +€4,843 | +151% |
| Advances received on contracts in progress | 46 | - | €127 | +€127 | |
| Taxes, remuneration and social security | 45 | €3,393 | €5,933 | +€2,540 | +74.9% |
| Taxes | 450/3 | €3,393 | €4,583 | +€1,190 | +35.1% |
| Remuneration and social security | 454/9 | - | €1,350 | +€1,350 | |
| Other amounts payable | 47/48 | €85,714 | €85,285 | -€429 | -0.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,311 | €4,480 | +€169 | +3.9% |
| Other operating charges | 640/8 | €3,495 | €2,100 | -€1,395 | -39.9% |
| Gross operating margin | 9900 | -€26,829 | €34,679 | +€61,507 | |
| Operating profit (loss) | 9901 | -€34,634 | €28,099 | +€62,733 | |
| Financial income | 75/76B | €331 | €0 | -€331 | -100% |
| Recurring financial income | 75 | €331 | €0 | -€331 | -100% |
| Financial charges | 65/66B | €7,188 | €7,389 | +€200 | +2.8% |
| Recurring financial charges | 65 | €7,188 | €7,389 | +€200 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,492 | €20,710 | +€62,202 | |
| Income taxes | 67/77 | €170 | €2,109 | +€1,939 | +1,140% |
| Profit (loss) for the period | 9904 | -€41,662 | €18,601 | +€60,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,662 | €18,601 | +€60,263 |
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 15 October 2026 via checked.be.