IMACORP: 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.
IMACORP
Largest movements
- Tangible fixed assets -€12,632
down €12,632 (-48.5%), from €26,022 to €13,391
- Debts after one year -€32,728
down €32,728 (-20.3%), from €161,537 to €128,809
- Reserves +€30,531
up €30,531 (+50.5%), from €60,495 to €91,026
- Tax, wage and social debts -€9,006
down €9,006 (-76.9%), from €11,716 to €2,710
- Gross operating margin +€17,389
up €17,389 (+43.1%), from €40,373 to €57,761
- Taxes +€5,407
up €5,407 (+63.1%), from €8,569 to €13,976
- Financial charges +€4,093
up €4,093 (+133%), from €3,075 to €7,167
- Financial income +€2,364
up €2,364 (+46.3%), from €5,109 to €7,473
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 | €296,511 | €284,300 | -€12,211 | -4.1% |
| Fixed assets | 21/28 | €151,272 | €138,641 | -€12,632 | -8.4% |
| Tangible fixed assets | 22/27 | €26,022 | €13,391 | -€12,632 | -48.5% |
| Furniture and vehicles | 24 | €26,022 | €13,391 | -€12,632 | -48.5% |
| Financial fixed assets | 28 | €125,250 | €125,250 | = | 0.0% |
| Current assets | 29/58 | €145,239 | €145,659 | +€420 | +0.3% |
| Amounts receivable within one year | 40/41 | €135,890 | €135,890 | = | 0.0% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,258 | €9,680 | +€422 | +4.6% |
| Deferred charges and accrued income | 490/1 | €91 | €89 | -€2 | -1.9% |
| Total equity and liabilities | 10/49 | €296,511 | €284,300 | -€12,211 | -4.1% |
| Equity | 10/15 | €65,495 | €96,026 | +€30,531 | +46.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,495 | €91,026 | +€30,531 | +50.5% |
| Distributable reserves | 133 | €60,495 | €91,026 | +€30,531 | +50.5% |
| Amounts payable | 17/49 | €231,016 | €188,273 | -€42,742 | -18.5% |
| Amounts payable after more than one year | 17 | €161,537 | €128,809 | -€32,728 | -20.3% |
| Financial debts | 170/4 | €161,537 | €128,809 | -€32,728 | -20.3% |
| Amounts payable within one year | 42/48 | €67,771 | €58,019 | -€9,753 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €34,097 | €34,614 | +€518 | +1.5% |
| Trade debts | 44 | €1,115 | €694 | -€420 | -37.7% |
| Suppliers | 440/4 | €1,115 | €694 | -€420 | -37.7% |
| Taxes, remuneration and social security | 45 | €11,716 | €2,710 | -€9,006 | -76.9% |
| Taxes | 450/3 | €11,716 | €2,710 | -€9,006 | -76.9% |
| Other amounts payable | 47/48 | €20,844 | €20,000 | -€844 | -4.0% |
| Accrued charges and deferred income | 492/3 | €1,707 | €1,446 | -€261 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,469 | €12,632 | +€162 | +1.3% |
| Other operating charges | 640/8 | €1,105 | €928 | -€177 | -16.0% |
| Gross operating margin | 9900 | €40,373 | €57,761 | +€17,389 | +43.1% |
| Operating profit (loss) | 9901 | €26,798 | €44,201 | +€17,403 | +64.9% |
| Financial income | 75/76B | €5,109 | €7,473 | +€2,364 | +46.3% |
| Recurring financial income | 75 | €5,109 | €7,473 | +€2,364 | +46.3% |
| Financial charges | 65/66B | €3,075 | €7,167 | +€4,093 | +133% |
| Recurring financial charges | 65 | €3,075 | €7,167 | +€4,093 | +133% |
| Profit (loss) for the period before taxes | 9903 | €28,833 | €44,507 | +€15,674 | +54.4% |
| Income taxes | 67/77 | €8,569 | €13,976 | +€5,407 | +63.1% |
| Profit (loss) for the period | 9904 | €20,264 | €30,531 | +€10,267 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,264 | €30,531 | +€10,267 | +50.7% |
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 14 October 2026 via checked.be.