IMAD RENOV: what changed
IMAD RENOV
Largest movements
- Tangible fixed assets -€13,882
down €13,882 (-53.4%), from €26,015 to €12,133
- Receivables within one year -€1,638
down €1,638 (-50.3%), from €3,258 to €1,620
of which Trade receivables: -€869
- Cash +€946
up €946 (+4.3%), from €22,058 to €23,004
mainly Depreciation (+€13,882) and Trade debts (+€2,063)
- Other debts -€7,853
no longer reported in 2025 (was €7,853)
- Profit (loss) carried forward -€7,511
down €7,511 (-20.0%), from €37,632 to €30,121
- Trade debts +€2,063
up €2,063 (+3,275%), from €63 to €2,126
- Tax, wage and social debts -€1,187
down €1,187 (-55.9%), from €2,122 to €935
- Gross operating margin -€20,532
down €20,532 (-70.3%), from €29,202 to €8,670
- Turnover -€20,233
down €20,233 (-16.6%), from €121,849 to €101,616
- Purchases and services -€14,477
down €14,477 (-13.0%), from €111,491 to €97,014
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,178 | €39,690 | -€14,488 | -26.7% |
| Fixed assets | 21/28 | €26,265 | €12,383 | -€13,882 | -52.9% |
| Tangible fixed assets | 22/27 | €26,015 | €12,133 | -€13,882 | -53.4% |
| Furniture and vehicles | 24 | €26,015 | €12,133 | -€13,882 | -53.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €27,913 | €27,307 | -€606 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,258 | €1,620 | -€1,638 | -50.3% |
| Trade receivables | 40 | €869 | - | -€869 | |
| Other amounts receivable | 41 | €2,389 | €1,620 | -€769 | -32.2% |
| Cash at bank and in hand | 54/58 | €22,058 | €23,004 | +€946 | +4.3% |
| Deferred charges and accrued income | 490/1 | €2,597 | €2,683 | +€86 | +3.3% |
| Total equity and liabilities | 10/49 | €54,178 | €39,690 | -€14,488 | -26.7% |
| Equity | 10/15 | €44,140 | €36,629 | -€7,511 | -17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €308 | €308 | = | 0.0% |
| Distributable reserves | 133 | €308 | €308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,632 | €30,121 | -€7,511 | -20.0% |
| Amounts payable | 17/49 | €10,038 | €3,061 | -€6,977 | -69.5% |
| Amounts payable within one year | 42/48 | €10,038 | €3,061 | -€6,977 | -69.5% |
| Trade debts | 44 | €63 | €2,126 | +€2,063 | +3,275% |
| Suppliers | 440/4 | €63 | €2,126 | +€2,063 | +3,275% |
| Taxes, remuneration and social security | 45 | €2,122 | €935 | -€1,187 | -55.9% |
| Taxes | 450/3 | €2,122 | €935 | -€1,187 | -55.9% |
| Other amounts payable | 47/48 | €7,853 | - | -€7,853 | |
| Turnover | 70 | €121,849 | €101,616 | -€20,233 | -16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,491 | €97,014 | -€14,477 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,882 | €13,882 | = | 0.0% |
| Other operating charges | 640/8 | €2,161 | €1,790 | -€371 | -17.2% |
| Gross operating margin | 9900 | €29,202 | €8,670 | -€20,532 | -70.3% |
| Operating profit (loss) | 9901 | €13,159 | -€7,002 | -€20,161 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €178 | €174 | -€4 | -2.2% |
| Recurring financial charges | 65 | €178 | €174 | -€4 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €12,984 | -€7,176 | -€20,160 | |
| Income taxes | 67/77 | €1,522 | €335 | -€1,187 | -78.0% |
| Profit (loss) for the period | 9904 | €11,462 | -€7,511 | -€18,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,462 | -€7,511 | -€18,973 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.